In most real estate transactions there are a few responsibilities that the
sellers have to handle before the closing, such as repairs and termite
extermination. The deadline for completing these obligations usually coincides
with the actual closing. Many sellers barely make that deadline. Those who wait
until the last minute to handle these matters may miss the deadline altogether
or pay high rates in order to get a plumber, roofer or electrician on an
emergency basis.
Your buyers will probably get a structural inspection done after the contract is
ratified. Within 10 days of the contract's acceptance by all parties, the pest
inspection should be scheduled. Even though sellers usually know well in advance
what is needed, they sometimes put things off until the buyers have finalized
the loan approval process. Since these repairs will have to be made anyway, it
is a good idea to get them done promptly.
