The Final Walk-Through
by the Home Buyers
The purpose of the walk-through inspection prior to settlement is to determine if conditions in the contract are satisfied. The time for the buyer to inspect and note defects for correction by the seller is during the contract negotiation and prior to signing the sales agreement. Repair or replacement items should be noted in the contract. Many homes are sold in “as is” condition, however, mechanical, electrical, and plumbing items should be in working condition.
It is up to the buyer to perform the inspection along with their real estate agent. The seller’s responsibility is to provide access. They are not required to be present. The home seller should be sure utilities are on so that equipment can be operated.
Room by Room
Expect the buyer to try all lights and switches, turn all faucets on and off, run shower and flush toilets. They should also turn on furnace and central air conditioning (in off-season, the buyer may hire a professional to certify proper function). Buyers should test all stove burners, oven at bake and broil, run some ice cubes through disposal to test the blades, run the dishwasher, washer, and dryer through complete cycles, open and close all windows and doors. In short, the buyer should try everything, including the keys and the fireplace flue.
All deficiencies should be noted. If seller does not correct problems prior to settlement, funds may be withheld by the settlement attorney for repairs. The selling broker will coordinate with the listing broker and seller to make repairs before settlement, if possible. Upon receipt of bills and notification that repairs are complete, the attorney will release the balance of funds to the seller, if money is escrowed for needed repairs.
Our Home Selling Guide — The starting Point
Putting Your Home On The Market — Considering All of the Options
Getting Ready for Your Home Sale — Clean up, fix up, or toss out!
Showing Your Home to Buyers — Leave this part to us!
Reviewing Offers & Contract Documents — Signing on the dotted line.
Home Sale Details are in the Paperwork — An important part of the process.
Final Walk-Through of Your Home — The final inspection by the buyer.
Settlement to Finalize the Sale — The last of the paperwork, handing over the keys.
There is lots of information here, so don’t let yourself be overwhelmed. We can meet with you at your convenience to discuss the process so that you will know what to expect every step of the way. If you’re ready to read on, Go To Next Section.