🏡 Contracts, Kitec, Cleaning Clauses & Closing-Day Surprises 💰

🏡 Real estate surprises usually do not show up when everything is going smoothly — they show up when the contract is vague, the plumbing is old, the basement is damp, or the bank puts a cheque on hold at the worst possible time.In this episode, we dig into the real-world issues that buyers, sellers, homeowners, and agents need to think about before small problems become expensive problems. From buying an air conditioner before the summer rush hits ☀️ to understanding Kitec plumbing, basement efflorescence, continued occupancy after closing, cleaning clauses, deposits, holdbacks, and lawyer’s cheques, this episode is packed with practical real estate advice that can save you stress, money, and possibly a few choice words at closing.We start with a seasonal reminder: if you think you may need an air conditioner this year, now is the time to start looking. As warmer weather approaches, prices often rise, selection gets thinner, and popular models can disappear quickly. Midea air conditioners are worth checking out before everyone else has the same brilliant idea at the same time — which, naturally, is how retail chaos is born. 🧊Then we follow up on Kitec plumbing, one of those home inspection issues that should never be brushed off. While there is no official long-term failure chart showing exactly when every Kitec system will fail, the industry view is blunt: it is generally considered a “when, not if” problem. Many systems are already far beyond their expected lifespan, with issues such as fitting corrosion, pipe deterioration, and heat or pressure damage worsening over time. For homeowners, buyers, and sellers, the practical message is simple: do not wait for a leak to make the decision for you. 🚰We also explain efflorescence in a basement — that white, chalky residue often seen on concrete or masonry walls. It may look harmless, but it is usually a sign that moisture has been moving through the foundation. That does not automatically mean disaster, but it does mean the issue deserves a closer look.Next, we talk about selling a home with continued occupancy. If the seller is staying after closing, a handshake and a smile are not enough. You need a strong written agreement, clear terms, a lease or occupancy arrangement, and ideally a holdback or deposit to deal with damage, delays, or surprises. Because once the deal closes, the leverage changes fast. 📝One of the biggest takeaways in this episode is a phrase everyone should remember: “Can you tell me where in the contract it says that?” Too many people assume things are included in an agreement when they are not. Cleaning the house before closing is a perfect example. If a buyer wants the home professionally cleaned, it should be written directly into the offer — and if they want a specific cleaner used, that should be included too.Finally, we look at a closing-day issue that can create unnecessary panic: lawyers’ cheques and bank holds. Even when funds are coming from a lawyer’s office, banks may still place non-certified cheques on hold. If deadlines are tight, this can create problems. The lesson? Plan ahead, understand how funds are being transferred, and do not assume money is instantly available just because the cheque looks official. 💰This episode is full of the kind of practical real estate advice that rarely makes it into glossy brochures — but absolutely matters when buying, selling, or closing a home.Join our new Facebook Group for people Moving to Prince Edward Island with Michael and Patty at https://www.facebook.com/groups/movetopei/Prefer a more personal touch? Call or text us at:📞 Michael: 902-626-6912 (Century 21 Northumberland Realty (1987) Limited)📞 Patty: 902-626-6622 (Powerhouse Realty PEI Inc.)