When it comes to buying a home most contracts including the California Residential Purchase Agreement provides for a buyers final walk through called VERIFICATION OF CONDITION to verify the condition just prior to closing.
Earlier in the transaction home buyers normally have a contract provision that allows for a "buyers investigation" time period, meaning the appropriate time in the process for the third-party physical inspection among other things which is different than the final walk through taking place later.
It's important for consumers to know in the CA purchase agreement the final walk though is not a contingency of the agreement, especially since the buyers had the opportunity of due diligence of inspections earlier in the contract.
The purpose of the final walk though is to confirm the condition was the same as the time of the acceptance of the offer and to verify any of the requested repairs have been completed by the seller of the seller's professionals. Our contract also states the sellers are to provide receipts if the work/repairs were completed by someone other than the owner. If receipts, work orders and invoices have not been provided in advance, they're normally furnished to the buyers at the walk through. In the event work was completed by the owner has agreed to (in the CA purchase agreement) to provide a list of repairs done by the seller.
It's also a good time to double check on the transfer of utilities, lawn service, pool service, mail delivery, confirm trash day pick-up and anything else that could be helpful to the buyers. Oh and when possible I'll ask (my clients if I'm representing the sellers) whether or not they know if the next door neighbors might be avail after wards to meet the new homeowners.
So if you're buying a home in So Cal or anywhere around, you might find these real estate videos helpful when it comes to Understanding the Real Estate Contract, Home Buyer 101 & Property Disclosures,buyer rights & duties, or maybe you want info on Home Buying Property Inspections. Find out what it's like to work with a CRS = A Certified Residential Specialist when it comes to buying or selling your home.
Buying or selling a short sale property, you will want to take a quick look at the Short Sale Waiting Game, or Short Sale Vocabulary Video for an Upside Down Market or Short Sale Help for Sellers in CA.
So when you're looking for knowledgeable, competent real estate help, contact me Lynda@PreferredHomeBrokers.com, Direct or Text (714) 595-1494. Or you can speak with any of the Preferred Realtors (714) 990-6060,
Prefered Home Brokers has a long-term track record for representing home buyers and home sellers in Southern California, we've been around under the same broker/ownership for more than 35 years!
--CA Broker's License #00402040.