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Feature Home - 8506 Railroad

$119,900

Photo of 8506 Railroad, Ottawa Lake, MI, 49267.

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Address: 8506 Railroad	City/ST: Ottawa Lake, MI	Zip Code: 49267
Location: 8506 Railroad	Property Type: Single Family Home	New or Resale: Resale
Square Footage: 1100	Bedrooms: 3	Bathrooms: 1
MLS# 20000813

Country charmer is neat as a pin. Barn is 40x50 with heated shop and 1 car garage attached. Move in ready home with lots of updates. Metal Roof in 2007. Propane Generator 2009. Newer carpet, windows in 2010. All electric heat. All appliance stay too!

Propane Generator 2009. Newer carpet, windows in 2010. All electric heat. All appliance stay too!

Last Updated: 6/11/2010 1:41:51 PM

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Front View
Living Room
Living Room
Dining Room
Kitchen
Laundry Room
Bedroom
Bedroom
Bedroom
Generator
Bathroom
Back of House
Back of House
Back Yard
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Barn

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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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Q	In what area of the United States did the price of existing homes increase most dramatically in 2005?
A	Phoenix, Arizona real estate recorded a 55.2 percent increase in home prices during 2005.
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Jeanee Gilson, REALTOR�, real estate agent and broker for Bedford, Blissfield and Irish Hills, Michigan home listings, property and land for sale

Jeanee Gilson
Key Real Estate
146 Drew Avenue
Deerfield, MI 49238
517-447-3094
Fax: 517-447-3548
jeaneegilson@NUMBER1EXPERT.com
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