Hi everyone. Today I wanted to speak with you about the upkeep of a property while under contract. When a home goes under contract, it is a unique state of limbo. That doesn’t mean, though, that the ownership has transferred yet.

We frequently get asked who is responsible for maintaining the property while it is under contract. Well, the answer is simple. Until the ownership is transferred, the seller has to keep the property in the same shape it was when the buyer first viewed the property. This means if a furnace breaks down, or any other damages, the sellers is obligated to fix it.

Until the contact it closed, the seller has full responsibility of the home, including keeping utilities on. If you have any other questions, please call us; we’d love to help!

For more information, click here:

http://www.newjerseyhomeexperts.com/form-cma.php

http://www.newjerseyhomeexperts.com/form-lets-get-started.php

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