Find out what people have to say about us!
After helping us purchase our "dream home" at an unbelievable value, Chip and Team Roots and Wings got our previous home sold quickly in a tough market and in the price range we were seeking. The hands-on customer service and truly caring attitude from Chip and his entire team are absolutely outstanding. We recommend Team Roots and Wings without hesitation! Richard and Ann Phillips: Purchasers and Sellers With the arrival of our second child, our tiny little farmhouse was bursting at the seams. We weren't sure, however, what the market would bring, or if we could even afford bigger and better. Chip Steinmetz was the one realtor we interviewed who gave use hope. He aggressively marketed our starter home, resulting in a contract in less than 30 days for much more than the break-even price we had resigned ourselves to. In finding us a new home, Chip really listened to our wants, as well as our needs. He went on a no-holds-barred search for the perfect candidate homes for us to preview. We couldn't be happier with the results - we now have our dream house in a neighborhood that we, our daughters, and our dogs (!) love. And, thanks to Chip, we were even left with enough money to fence our yard and purchase all the new furniture we needed for our bigger house. Through both the sale of our old home and the purchase of the new, we were certain that Chip put our interests - financial and otherwise - ahead of his own. And, months after our business transactions are complete, he is still willing and readily available to answer any questions or clarify details. We have absolutely no hesitation in highly recommending Chip Steinmetz to both family and friends.
Melanie and Aaron Shippee: Purchasers and Sellers This was the third time we have sold a house. Chip suggested a sales price far more than we expected and well above our goals. We went under contract quickly, but our buyers were demanding and by most perspectives, just plain difficult. Chip was our calm solid rock throughout the entire process. If not for him we would have lost the sale, put the house back on the market and likely lost money. Thanks Chip!
The Ritenour’s: Winchester Sellers
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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 |
Which law allows a person to give another individual up to $10,000 a year without any tax consequences?
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| A |
The Federal Gift Tax Law allows both parents to give a child (or anyone) $10,000 each in one year. |
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