I thought this was a very interesting blog post, which recently appeared here on Active Rain. I am using the re blog feature, so others can also have the opportunity to learn new things. Thanks
It's Just a Walk Through. Can We Please Pick Up The Pace?
The Colorado Contract to Buy and Sell Real Estate allows for the buyers to have a pre-closing walk through of the subject property. The intent of this function is to insure that any repairs needed on the property as a result of the inspection have been completed to the buyer's satisfaction and to make sure nothing has changed in the physical condition of the property.
How long should this take? We always counsel our buyers that a walk through should take 15 to 20 minutes tops.
Lately, as the seller's agent, we are finding that this is not the norm.
Just imagine that you have struggled to get your home ready to sell and put it on the market and tolerate the endless showings with the two hour window. Then you finally get a contract on your home and get through the inspection and appraisal phase. Next comes the fun part of packing all of your worldly possessions.
Then just as you are ready to go to closing, the buyer's want to do a walk through at a time when your home looks it's absolute worse.
No problem. You holster your tape gun and scooch the boxes over to make a walking path through the chaos.
Your chomping at the bit to get the last 6 boxes of hamburger helper packed and the buyers are poking through your home for over an hour.
This has happened so many times lately with our sellers. Are the buyer's agents setting guidelines for their buyers and reminding them what the intent of the walk through is? I have to wonder.
Believe me. I firmly stand behind the concept of the walk through. I just wonder why some buyer's and their agents feel compelled to dilly dally in the home for such a long time.