Wednesday, June 12, 2013

The imporatance of Doing a Walk through!

First let's start with the basics ~ The final walk through is the your last chance to check a property before you close on it. 
The walk-through should be done usually a couple days before or even the morning of the closing to make sure the home is in the same condition as when you signed the paperwork. I try to do the final walk-through with  buyers  as close to the closing date as we possibly can.

During the home inspection, if repairs were noted and necessary, it is now time at the Final Walk-Through to make sure that those items were taken care of. It's also time to check and make sure anything that was supposed to stay in the house, has not been removed.

A walk-through does not serve as recourse to get out of the deal, but it's sole purpose is to confirm the property condition. If something is not working that should have been fixed, these issues need to be brought to the attention of the seller's agent immediately. After you close on your home, the property becomes yours in the condition it may be in. If you were given the opportunity for the walk-through and you passed, in many cases the responsibility for repairing any items that need repair after the closing takes place will now be yours. Or worse you may end up in arbitration. At this point if the property is not being delivered as promised it is the buyers options to hold out money from the seller through escrow until the necessary items are able to be rectified or delivered as promised. A real estate agent is important to guide you through this action!

There is no requirement that you conduct a final walk-through before closing on a property, but you're taking an unnecessary risk by not doing so. The final walk-through can be conducted by you with your Realtor, or a home inspector, and the seller's realtor.

I can't imagine not having one last look to see if the condition of the house or condo is exactly what was agreed on before the closing.

In the Coachella Valley many homes are sold turnkey furnished and it is important during the initial inventory to photograph the items that are to be left and also a very detailed inventory list is to be agreed upon in writing by both buyer and seller. We as real estate agents are not used furniture sales people although it seems that way a lot of the time!)

Too often that 60 inch Samsung TV turns into a 32 inch no name TV or that fancy LG refrigerator gets replaced with a small no brand one.  Artwork also  has a tendency to be replaced. Towards the end of the sale as the seller is clearing out the house memories and a bit of seller's remorse kicks in and it seems that things get passed on to kids and relatives rather being left for the new buyer as promised.

It's your investment if at all possible be there in person for that final walk through so there will be no regrets, only joy when you receive the key to that beautiful new home!www.jennierobinson.com

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