final walkthrough: Walk-through Right Before Closing Pushes the Buyer Into A Corner. - 08/17/13 03:03 AM
THAT FINAL PRE-SETTLEMENT WALK-THROUGH IS CRITICAL TO A SUCCESSFUL CLOSING.
This is especially important if there have been repair matters pursuant to the home inspection.  Our contract allows the final walk-through up to 5 days prior to closing. 
This is an important step that buyers don't always understand.  That's why we invented buyers' agents.  New home builders have, by contract, a time after closing to attend to the items on the "punch list".   There's no similar time for a home seller to make repairs after settlement.  They should be done before or a CREDIT TO THE BUYER to compensate the the … (28 comments)

final walkthrough: PROPERTY CONDITION and DISCLOSURE - - THE FINAL WALK-THROUGH? Or, the Final Frontier?. #3 in a Series. - 04/22/12 10:17 PM
PROPERTY CONDITION and DISCLOSURE - - THE FINAL WALK-THROUGH?  Or, the Final Frontier?  #3 in a Series. PROPERTY CONDITION AND DISCLOSURE - FINAL WALK-THROUGH.  #3 in a Series.
Why NOT Do A Final Walk-Through? 
Seems to me that, if an action is important enough to be included in the Contract of Sale, it's important enough to be performed and taken seriously by buyers, sellers and the agents involved. 

HAVE A LIST OF THINGS TO TEST OR OBSERVE.
We have a real estate board approved form that lists all items that should be examined or tested.  
TIMING IS IMPORTANT When … (13 comments)

final walkthrough: PRE-SETTLEMENT WALK-THROUGH INSPECTIONS. One-step, two-step? Repairs?? BEST BUSINESS PRACTICES. - 09/29/11 09:09 AM
THE "FINAL WALK THROUGH" IS NOT ALWAYS THE "FINAL" MATTER.  Best Business Practices.
Inspired by Jerry McCombs in an article about the "final" walk-through.  Jerry provides some good information for buyer's agents. 
PRE-SETTLEMENT WALK-THROUGH.  We refer to this stage of contract management as the PRE-SETTLEMENT WALK-THROUGH.  It isn't always so "final".  The pre-settment walk-through serves many purposes.
 

"Honey.  When are we going to be able to move in?  All of our furnitues will be here at 4:00.""Let's get to settlement Dear.  If our moving van is delayed, the sellers will have to pay."
CONDITION.  Is the home in the … (7 comments)

final walkthrough: DON'T GO TO SETTLEMENT WITHOUT IT - THE FINAL WALK-THROUGH! - 10/18/10 04:22 AM
DON'T GO TO SETTLEMENT WITHOUT IT - THE FINAL WALK-THROUGH!
ATTENTION HOME BUYERS:
Good advice from Cindy Jones.   Don't let anyone, including your agent, discourage you from taking the final walk-through. 
Some of my experiences in final walk-through.
1.  Home in Bowie, Maryland.  Top of the line Washer/Dryer replaced with Sears' "Economy Model".  We advised the listing agent that the buyers were not going to close without Top of the Line appliances that were removed.  Buyers ready to walk.  The seller credited the buyers with a Sears gift certificate for Top of the Line model which included Sears removing the economy (cheap) model.  … (38 comments)

 


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