Walk Thru's and the importance of them before closing escrow

By
Real Estate Agent with Realty ONE Group

Sometimes I think we forget the importance of walk thru's in our business. We know that it is a formality to do one before closing escrow, but do we do them just because it is on our checklist, or do we actually take our repair list and go through the house to make sure the repairs were made?

Most of the time, buyers are excited about getting their keys and making all of the arrangements with the movers and turning utilities on, but do we really do a thorough job at the walk thru? The most important thing to keep in mind is that we are not looking for new problems, but we do need to make sure that the main items work (a/c, heater, plumbing etc) and that nothing is considerably different than when the offer was accepted. Walking through the house and turning on the water, flushing the toilets, turning the a/c on to see if it is blowing cool air, opening and closing the garage door are all tasks that should be done at a walk through to make sure the buyers are moving into a livable house.

If repairs were part of the negotiations, then we need to check to make sure they were completed. There are a few ways that the buyer's can be sure that the repairs were made. First, they can get copies of the receipts that show the repairs were made by a licensed contractor. Secondly, if the repairs are harder to notice than just by looking at them, then they can have their inspector come back to the house and re-inspect to make sure the repairs were, in fact done.

It is also important to make sure that the items that are supposed to stay with the house have remained inside for example refrigerator, washer, dryer etc.

I think walk thru's are more important in today's market then in the past because of all of the the vacant foreclosed homes. Vandalism has become very prevalent. It is a smart move to swing by the house one last time just a few hours before recordation to make sure there have been no break ins and the house is still in one piece with nothing missing or broken.

 

Posted by

Betsie Melter, REALTOR, GRI, ABR

Realty ONE Group

3530 S. Val Vista Dr. #114 Gilbert, AZ 85297

480.734.3644

realtorbetsie@gmail.com

www.betsiemelter.com

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Topic:
Home Buying
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Arizona Maricopa County
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walk thru

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Rainmaker
366,432
Ilyce Glink
Think Glink Media - Chicago, IL
Best-selling author, award-winning TV/radio host.

Hi Betsie,

Thank you for the valuable information. We all need to be reminded to not only do our walk throughs but to pay attention while doing them instead of just going through the motions. No matter how thorough you are during the walk through or inspection process, there's bound to be something you miss!

Nov 10, 2009 06:17 AM #1
Rainer
67,073
Alexandria Virginia
Featuring Susan Craft, CRS, REALTORĀ® - McEnearney Associates - Alexandria, VA
Real Estate Editor

I can't tell you how many sellig agents on our listings never do a final walk through.  I gotta say it is more than 75% that DON'T do them.  Its outrageous.

Nov 10, 2009 06:23 AM #2
Rainer
33,030
Betsie Melter
Realty ONE Group - Chandler, AZ

Thanks for the response! I can't believe that selling agents don't do them that often in Virginia! I have only closed on 1 house that I did not do a walk thru in over 6 years of being a Realtor.

Nov 10, 2009 08:35 AM #3
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Rainer
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Betsie Melter

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