Jacksonville and St. Augustine real estate and homes for sale in Florida - Ken Mong, REALTOR® Ken Mong REALTOR(r) for Jacksonville and St. Augustine, Florida real estate - NUMBER1EXPERT™ Ken Mong NUMBER1EXPERT(tm) for Jacksonville and St. Augustine, Florida real estate

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Ken Mong, REALTORŪ, real estate agent and broker for Jacksonville and St. Augustine Florida home listings, property and land for sale - NUMBER1EXPERT(tm)



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Real Estate Tips
Disclosure Laws >Avoiding Delays During Escrow

Unforeseen problems can arise during escrow, and closing dates are never set in stone! Lenders, appraisers, title attorneys, credit check services, or anyone who is involved in the transaction could potentially delay a closing. Stay in close touch with your real estate agent, who will notify you of deadlines and help you deal with delays.

Well-written sales contracts are the key to avoiding problems during escrow. For example, provisions can be included in the agreement that require the buyer to provide evidence of sufficient funds for down payment and closing costs, or to present proof of the ability to obtain homeowner's insurance. Because of new restrictions on insurance policies, the mortgage lender may require insurance before funding the loan.

There is also a section in the sales contract wherein the seller makes a warranty to the buyer of the condition of the property. It is important to make sure that this clause is modified to reflect the seller's transfer disclosure statement. If this is not done, the seller could be required to repair items that are found to be dysfunctional or faulty, and this could add time to the escrow period.

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Real Estate Trivia
Q 
What house is thought to be the first one designed by Frank Lloyd Wright?

A 
Charnley House in Chicago, Illinois, is considered to be the first home designed by Wright while at Adler & Sullivan.
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Ken Mong, REALTORŪ, real estate agent and broker for Jacksonville and St. Augustine Florida home listings, property and land for sale - NUMBER1EXPERT(tm)

Ken Mong
RE/MAX Specialists

1008 Park Ave.
Orange Park, FL 32073
904-268-SELL (7355)
904-269-8100
TOLL FREE: 1-866-260-SELL (7355)
Fax: 904-268-8625
Email: KenMong@NUMBER1EXPERT.com

Ken Mong and his professional staff implement the latest technology and marketing practices to sell your home quickly. Customer satisfaction is our highest goal.

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