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"Recommending Durant & Sandy Vick"
"We placed our father's house on the market in January with Sandy and Durant, under difficult circumstances. Not expecting any action in the middle of Winter, we had several offers in two weeks. The house sold in a month, and we closed in less than two. Throughout the process, the Vicks were courteous, sympathetic and helpful and kept us informed promptly of all developments. It was a pleasure to do business with them."
"Ken and Helen Johnson of Roanoke"
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Closing or Settlement >As Closing Approaches
If you are selling a house that is under contract and scheduled to close in a few weeks, what can you do to make the transfer of ownership as easy as possible for you and your buyers?
Keep in close contact with your real estate agent so that you will know if there are any changes in the closing schedule. On the day the property changes hands, your house should be empty, clean and ready for the buyer. Contact all of the utility companies to let them know that you are moving and give the service company the buyer's name (the buyer must follow up with calls to confirm). Don't turn off the gas or electricity because the buyers need to confirm that the appliances are in working order. Let your insurance company know ahead of time that you are selling the house and arrange for your coverage to be transferred to your new home. The most important thing is to start the process well in advance in order to avoid any last-minute complications.
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| Q |
What mortgage transactions between borrowers and lending institutions operate in the private sector of the economy?
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| A |
Conventional mortgages are private sector transactions that are not insured or guaranteed by the government. |
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