Saturday, July 23, 2022 / by Tatiana Seidlin
How to AVOID falling out of Escrow as a Seller
Did you know… 37% of Purchase Agreements fall through due to Repair issues.
For Example, Seller Soliel puts her house on the market hoping to get top dollar for the sale. To her knowledge, the framing and foundation were in good shape but she hadn’t crawled under to see for herself. After being listed for 15 days, an interested buyer submits an offer with standard contingencies. Now keep in mind, one of those contingencies states that Buyer Barnet has the right to hire a professional to inspect the property.
The home inspector spends a few hours combing through each room, checking for safety and functionality. After emerging from under the house he informs Buy Barnet and Seller Soliel that a leak has been rotting out a section of the framing for years and recommends hiring a Foundation Expert to advise on the extent of damage, costs, and remedies.
The Foundation Expert re ...