Law Offices of Fred Peet
Fred Peet
July 2019
Real
The Law Offices of Fred Peet Representing buyers and sellers throughout Vermont


How to Make Sure You Don’t Fall out of Escrow—Buyer’s Version
According to The Truth About Mortgage, the "sale fail” rate of homes is rising. "More than four out of 100 sales look as if they’re going to close, and then fall out of escrow for one reason or another,” they said.
      So how do you protect your purchase and make sure you get to the finish line? These four tips will help.
      1. Prepare yourself for the inspection Especially if you’re buying an older home, there are bound to be some surprises in the inspection report. The sale fail trend is particularly pronounced for older homes.
      "Homes built from 1959 through 
Mortgage Rates
U.S. averages as of July 2019:


30 yr. fixed: 3.73%
15 yr. fixed: 3.16%
5/1 yr. adj: 3.39%






1969 had the highest sale fail rate at 5.2%, compared to homes built in 2016, with a dropout rate of only 2.6%, which is among the lowest proportion of failed sale bands,” said The Truth

How to Make Sure Your Home Closes Escrow—Seller’s Version
     You just heard those magic words: "We have a deal.” Now, you just have to get through escrow and you can move on to the next stage in your life. That means making sure your home doesn’t end up back on the market. Here are 6 steps you can take both before you list and during the escrow process to make sure everything goes smoothly all the way to closing.
      1. Carefully consider your sales price If you’re working with an experienced real estate agent, he or she should have a recommended pricing strategy based on area comparables. Pressuring your agent for a higher sales price could cause the home to sit on the market and, if you do get an offer, the appraisal may not match the sales price. "If the appraisal comes in



Tips for Keeping Your Home Safe During Summer
     Does your house turn into summer camp as soon as school gets out? Does it seem like you’re hosting the whole neighborhood on a daily basis? It’s great to be the "fun house”—the one where everybody wants to hang out. But, if that means you’re going to have a bunch of people coming through the door (especially children), there are some precautions you’re going to want to take to help keep everyone safe and keep you from being sued or on the hook for expensive medical treatments—or worse.
      Gate your pool According to the Center for Disease Control (CDC), "there were an average of 3,536 fatal unintentional drownings (non-boating related) annually in the United States” between 2005 and 2014. That’s just about 10 deaths every day, many of which could have been avoided with safety precautions to keep children out of the pool area, like a simple gate. Costs range

The Law Offices of Fred Peet

55 Patchen Road
South Burlington, VT 05403
802-860-4767
800-683-3903 (toll free)
802-860-2822 (fax)
fpeet@peetlaw.com



Fred Peet's
Video News Channel

Click Here



Meet Our Real Estate Law Team

 

 Attorneys:
     Fred V. Peet
     Richard C. Maxson

     Christopher M. Perra
     Kevin J. Shortell
     Paula LeBlanc
     William Flender

 

  Paralegals/Legal Assistants:
     Doreen Guthrie
     Sherry Barton
     Amy Benway
     David MacPeek
     Shawn A. Nelson
     Karen Eddy
     Elise Martin

     Marcy Brigham

 

  Closing Coordinator:
     Katy Kennedy



  Daily News and Advice

Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday.
More Articles
June Real Estate Roundup
The Refi Boom Goes Bombastic
What Happens When Your Sales Contract and Appraisal Don’t Agree
7 Reasons to Keep Your Credit Good After You’ve Bought a House
How to Make Your Backyard Feel Like a Resort


Fred Peet
E-mail: fpeet@peetlaw.com
Website: http://www.peetlaw.com
802-860-4767 (phone)
800-683-3903 (toll free)
802-860-2822 (fax)
Law Office of Fred Peet
(802) 860-4767
55 Patchen Road South
Burlington, VT 05403


Equal Housing Opportunity

unsubscribe
 
E-mail this Newsletter to a friend