Long Island Buyers Ask | Do We Need A Final Walk-Through?
Client asks...We're Closing on our home tomorrow, and don't have time for the walk-through, do we need to do this?
Yes, Yes, Yes is our answer!
First let's start with the basics ~ The final walk through is the buyers last chance to check a property before they close.
The walk-through is 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. We try to do the final walk-through with our buyers here on Long Island as close to closing as we possibly can.
During the home inspection, if repairs were noted and necessary, it is now time to make sure that those items were taken care of. It's also time to check and make sure nothing 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 immediately. After you close, the property becomes yours in the condition it may be in. If you were given the opportunity for the walk-through and you passed, the responsible for repairing any broken items after the closing takes place will be yours.
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, or a home inspector and we encourage our Long Island clients to take advantage of this last viewing before closing.
We tell them, it is a time to stay focused on your investment and examine the condition of the property one last time.
So is a walk-through necessary?
In one word, Absolutely!
Larry & Sheila are Licensed Realtors with Charles Rutenberg Realty and cover all of The North Shore of Long Island. Have other questions about the real estate buying process on Long Island, you can reach LARRY & SHEILA at 631-805-4400.
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