La Quinta, Trilogy, PGA WEST and Palm Springs real estate and homes for sale in California - Susan Eidler, REALTOR® Susan Eidler REALTOR(r) for La Quinta, Trilogy, PGA WEST and Palm Springs, California real estate - NUMBER1EXPERT™ Susan Eidler NUMBER1EXPERT(tm) for La Quinta, Trilogy, PGA WEST and Palm Springs, California real estate
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Real Estate Tips
Disclosure Laws >Avoiding Delays During Escrow

Unforeseen problems can arise during escrow, and closing dates are never set in stone! Lenders, appraisers, title attorneys, credit check services, or anyone who is involved in the transaction could potentially delay a closing. Stay in close touch with your real estate agent, who will notify you of deadlines and help you deal with delays.

Well-written sales contracts are the key to avoiding problems during escrow. For example, provisions can be included in the agreement that require the buyer to provide evidence of sufficient funds for down payment and closing costs, or to present proof of the ability to obtain homeowner's insurance. Because of new restrictions on insurance policies, the mortgage lender may require insurance before funding the loan.

There is also a section in the sales contract wherein the seller makes a warranty to the buyer of the condition of the property. It is important to make sure that this clause is modified to reflect the seller's transfer disclosure statement. If this is not done, the seller could be required to repair items that are found to be dysfunctional or faulty, and this could add time to the escrow period.

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Real Estate Trivia
Q 
What is the legal term used to describe the right of the U. S. government to condemn private land for public use?

A 
Right of Eminent Domain allows the government to confiscate private land by paying full market value for the property.
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Susan Eidler

Susan Eidler
Desert Dreaming Realty, Inc.

78365 HWY 111, #166
La Quinta, CA 92253
Direct: 760-341-3172
Fax: 775-855-9541
Email: susan@DesertDreamingRealty.com

Any real estate professional in today's world must be tech-equipped, have a depth of knowledge about values and cycles and most importantly be a smart marketer. Be capable of creating a demand for your home if selling, and able to find the very best value for you when you are buying. Real Estate License # 01224568 CA




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