A man holds a tub as water falls from the ceiling with a woman on the phone in the background
Something Breaks, Floods or Needs Repair Right Before Closing… Now What?

Closing is scheduled for tomorrow morning and everyone is excited to finalize the deal. You suddenly get a frantic call from your seller who explains they were about to leave the house with the last few boxes when a torrential downpour blew through the area and they now have an inch of standing water in the basement. Now what do you do about the closing in the morning?

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Agreement of Sale to be Updated July 1

Beginning July 1, all of the agreements should have the following elements to them, where applicable: fixtures and personal property, inspection limitations and reports and the Internet of Things and recordings.

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Commitment Issues

On Jan. 1, a new Standard Agreement for the Sale of Real Estate will be published with a noticeably different paragraph 8.

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