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First Time Buyers >The Perfect House Home buyers must often deal with deferred maintenance or repairs. For example, you may have found a terrific house and like many competent home buyers, you included a structural inspection contingency in your purchase agreement. What happens when you find out that your "perfect" house needs some work? Do you ask the sellers to pay for the repairs? Before you answer "yes", there are some important considerations. Some contracts require that all of the home's systems, such as plumbing, heating, electrical and central air conditioning, be in working order. In this case, the sellers may be obligated to repair any problems with these systems. Leaky roofs, damp basements, or other structural problems may not be covered, however. If you ask the sellers to make these types of repairs, you may void the contract by doing so. The sellers might prefer to negotiate the repairs to keep from losing the sale. If there are other buyers waiting in the wings with back-up contracts, you run the risk of losing the home. See All Tips In The "First Time Buyers" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories >

Q  Who is "Fannie Mae" and why is she a big name in real estate? A  "Fannie Mae" is the real estate industry nickname for FNMA, or Federal National Mortgage Association, the stockholder-owned corporation that purchases mortgages from mortgage lenders. See More Real Estate Trivia >

Bradley Vogdes Atlantis Realty 5604 Pacific Avenue Wildwood Crest, NJ. 08260 Phone: 609-522-8000 Fax: 609-522-8001 Email: info@AtlantisNJ.com We are seasoned Realtors recognized and respected locally and nationally. We bring the breadth and depth of our experience, expertise and personal commitment to our clients every day. The families that we serve say that our greatest strengths are our negotiating and marketing skills. Our clients also thank us for our availability, accountability and tenacity in problem solving. We are proud of the fact that we have never placed personal interests above those of our clients www.BradVogdes.com is brought to you by Bradley Vogdes NUMBER1EXPERT™ in real estate for Wildwood, Ocean City and Cape May, New Jersey, Oceanside Properties, Condos Read Bradley Vogdes' Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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