Sunday, July 28, 2019 / by Barry Owen
The Final Walkthrough is the Home Buyer's last opportunity to spend some time in the house before becoming the owner.While this is not a requirement, we highly recommend doing this. Of course, no mutually agreed contractual terms can change as a result of this walkthrough.Some reasons you might want to take the time for a walk-through:
- Inspection Repairs - If there were repairs promised by Seller to be completed prior to closing, we definitely want to know they were done in a professional manner. In fact if the repairs were significant, we recommend doing TWO walk-throughs . . . one 7 days early to be sure all is well and/or on schedule . . . and then another walk-through day before or of the closing. We can only negotiate consideration for broken promises regarding unsatisfactory Inspection repairs. Remedies for this could range from delaying the closing until they are complete (not ideal), or close as scheduled and have the Title Company hold Money from the Seller's proceeds in escrow, close, and release the funds to Seller less the cost of repairs.
- Verify the seller has, indeed, moved out and left the house in satisfactory condition and cleanliness.
- Verify that appliances and other personal property transferring with the sale have remained
Your Vital Few Pareto Realty REALTOR loves the excitement of a great walk-through (Not as fun if issues are discovered, but grateful to have identified an issue before closing.
- Maybe a little time to admire the house you are about to buy.