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Real Estate Tips
Closing or Settlement >Moving Day

Here are some tips for coordinating a move that depends on careful timing. Say the closing on the sale of your home is Friday morning at 11:00, and that afternoon at 3:00 you are to complete the transaction on the house you are buying. Your sellers are completing the purchase of their new house on Monday. As sellers, each of you is obligated to leave your house vacant and clean at the time of the closing. You will each take possession of the home you are buying after the closing.

If you are faced with a game of musical moving vans, you may want to negotiate with your buyers or sellers to remain in your old house for a few extra days or move your belongings into the new home a little early. You should draw up a written agreement which details your arrangement, such as the amount of rent, the move-in or move-out date, and any agreements regarding utilities, insurance, or a damage escrow. If you need to make special arrangements for your move, let your real estate agent know and work out the details as early as possible in advance of the closing.

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Real Estate Trivia
Q 
What is a "jumbo mortgage"?

A 
The term "jumbo mortgage" currently refers to a mortgage loan in excess of $359,650, although the threshold amount may change as the market fluctuates.
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John Jackson & Associates, REALTOR®, real estate agents and broker for Kirkwood, Webster Groves and Glendale, Missouri home listings, property and land for sale - NUMBER1EXPERT(tm)

John Jackson & Associates
RE/MAX Suburban John Jackson and Associates

338 South Kirkwood Rd., #105
Kirkwood, MO 63122
314-909-8850
Fax: 866-996-3232
johnjackson@remax.net

For the second year in a row, John was recently named one of the Top 25 Realtors in St. Louis by the St. Louis Business Journal. Serving the communities of both St. Louis City and County, John and his associates bring unmatched market knowledge and cutting edge technologies to each maximize client results. Trust your real estate transaction to a professional!

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