Listing Details: Crestview, Eglin AFB, and Duke Field, Florida Real Estate Listings & Homes For Sale Provided by Kathy Wilhelm

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Closing or Settlement >Handle Needed Repairs Early

There is a standard chain of events that occurs when an offer comes in on a home. After a meeting of the minds, the buyer often brings in a home inspector who may find a few items that need to be repaired. The real estate agent gives the homeowner a list of the requested repairs. What comes next?

In most transactions, the seller will take care of the repairs. Many sellers wait until the week before the closing to call someone to do the work, because they want to be sure that they are going to make it to the closing table before they spend money on repair work. If you are responsible for making repairs to a home you are selling, make sure you have the work done well in advance of the closing date by licensed professionals who will stand behind their work. If the work is done at the last minute and is incomplete or unsatisfactory, it could cause complications at the closing. You should provide the buyers with all the receipts and the names of the persons to contact in case there is a problem with the repairs.

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Q	What is the maximum interest you can deduct on your federal tax return to purchase or improve a first or second home?
A	One of the greatest benefits of home ownership is the federal tax deduction for interest up to, but not exceeding, $1million.
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Kathy Wilhelm, REALTOR�, real estate agent and broker for Crestview, Eglin AFB, and Duke Field, Florida home listings, property and land for sale - NUMBER1EXPERT

Kathy Wilhelm
American Realty of Northwest Florida, Inc.
938 South Ferdon Boulevard
Crestview, FL 32536
850-682-4822
Fax: 850-682-9439
kathy@kathysells.com
Kathy Sells Crestview! Selling Crestview and surrounding areas since 1977.

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