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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 four states in the Southwest are noted for having boundaries that touch.

A 
New Mexico, Arizona, Utah and Colorado, referred to as the "Four Corners", have adjoining boundaries.
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Stan Chambers, REALTOR®, real estate agent and broker for Encinitas, Carlsbad and Shadowridge, California home listings, property and land for sale - NUMBER1EXPERT

Stan Chambers
Sea Coast Exclusive Properties

900 South Coast Hwy
Encinitas CA. 92024
DRE License # 01356002
Direct: 760-505-8008
Fax: 866-449-2505
Email: Stan@StanChambers.com

My name is Stan Chambers and I have been a highly successful real estate professional in the Encinitas, Carlsbad, Escondido, Shadowridge, Vista, and Oceanside markets. My personal goal is to simplify the process of buying and selling real estate, and to satisfy everyone's needs to the best of my ability. My extensive experience and proven track record are factors you can count on when working with me. I use the latest technology to understand the current market and to make the connections necessary for our success. Please enjoy my website. It is just one of the many successful tools I use to assist my clients in marketing their real estate.

Equal Housing MLS REALTOR


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