Traverse City, Leland, Suttons Bay and Elk Rapids real estate and homes for sale in Michigan - Ted Lockwood, REALTOR® Ted Lockwood REALTOR(r) for Traverse City, Leland, Suttons Bay and Elk Rapids real estate, Michigan real estate - NUMBER1EXPERT™ Ted Lockwood NUMBER1EXPERT(tm) for Traverse City, Leland, Suttons Bay and Elk Rapids homes, Michigan real estate
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Ted Lockwood, REALTORŪ, real estate agent and broker for Traverse City, Leland, Suttons Bay and Elk Rapids Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)
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From My Affiliates: Traverse City, Leland, Suttons Bay and Elk Rapids Michigan home buying, real estate listings, and homes for sale in Grand Traverse                 County, MI
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Traverse Mortgage
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Real Estate Tips
Closing or Settlement >Walk Through Woes

Buyers can be a little cranky on closing day if things go wrong during the walk-through inspection. For example, the sellers' dependable old dishwasher might stop midway through its cycle and the bathroom sink might clog unexpectedly. These situations can create anxiety for the buyers and sellers, but such problems are quite common and usually simple to resolve.

Most purchase agreements require that the major mechanical systems and the appliances being conveyed are in working order at the time of the closing. Defects are often discovered during the structural inspection, allowing the sellers plenty of time to have the repairs made. Occasionally there are last-minute breakdowns or defects that are not spotted until the walk-through inspection. In that case, an agreement can be made with the sellers at the closing to escrow funds for the repair or replacement of the items in question.

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Real Estate Trivia
Q 
What are three of the best indicators of real estate market trends?

A 
Existing home sales, new home building and mortgage interest rates.
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Ted Lockwood, REALTORŪ, real estate agent and broker for Traverse City, Leland, Suttons Bay and Elk Rapids Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)

Ted Lockwood
RE/MAX Bayshore Properties, Ltd.

500 South Union Street
Traverse City
MI 49684
231-941-4500
231-218-5186
Fax: 231-941-4595
Email: ted@teddylockwood.com

Ted Lockwood is a lifetime resident of the Grand Traverse area. He knows the area, and he knows real estate. He is easily accessible, just call or email!


RE/MAX Bayshore Properties, Ltd. real estate and homes for sale in Traverse City, Leland, Suttons Bay and Elk Rapids Michigan

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