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All agents are NOT alike! Find out why I am a top real estate expert. Call me: 907 355 4209.
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Real Estate Tips
First Time Buyers >The Perfect House

Home buyers must often deal with deferred maintenance or repairs. For example, you may have found a terrific house and like many competent home buyers, you included a structural inspection contingency in your purchase agreement. What happens when you find out that your "perfect" house needs some work? Do you ask the sellers to pay for the repairs? Before you answer "yes", there are some important considerations.

Some contracts require that all of the home's systems, such as plumbing, heating, electrical and central air conditioning, be in working order. In this case, the sellers may be obligated to repair any problems with these systems. Leaky roofs, damp basements, or other structural problems may not be covered, however. If you ask the sellers to make these types of repairs, you may void the contract by doing so. The sellers might prefer to negotiate the repairs to keep from losing the sale. If there are other buyers waiting in the wings with back-up contracts, you run the risk of losing the home.

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Real Estate Trivia
Q 
Who is "Fannie Mae" and why is she a big name in real estate?

A 
"Fannie Mae" is the real estate industry nickname for FNMA, or Federal National Mortgage Association, the stockholder-owned corporation that purchases mortgages from mortgage lenders.
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Paddy Coan, REALTOR®, real estate agent and broker for Wasilla, Palmer and Anchorage, Alaska home listings, property and land for sale - NUMBER1EXPERT

Paddy Coan
Prudential Jack White Vista Real Estate

865 N Seward Meridian Parkway, Suite 200
Wasilla, AK 99654
907 355 4209
Fax: 907 352 1890
paddycoan@NUMBER1EXPERT.com

CRS SRES GRI REALTOR


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