Home Buyer's Final Walk Through Video

By
Real Estate Broker/Owner with Preferred Home Brokers 00402040

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 Preferred Home Brokersselling 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.

 

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Rainer
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Cindy Justice
Synergy Realty Pros - White Pine, TN
Synergy Realty Pros

These are all helpful tips.  Thanks for posting

May 23, 2011 02:04 PM #1
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Lynda

You have provided a wealth of information for California buyers and sellers in your videos. What an outstanding collection of information in an easy to understand and enjoyable format.

Jeff

May 23, 2011 02:57 PM #2
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William Johnson
Retired - La Jolla, CA
Retired Real Estate Professional

Hi Lynda, You should have your great videos all combined , perhaps as online links but also on a CD that you can give to Buyers. You have set the standard on this type of instruction and what is sad is that the memebership at large hasn't seen these. Weather applicable in their market or not, these are the best instruction videos on the subject. No puffery just clear concise instruction. Well done!!

May 23, 2011 04:16 PM #3
Rainmaker
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Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co

Hi Cindy ~ Thank you.

Jeff ~ Thanks for the nice comment.

William ~ Wow, thanks so much. While I realize mine are primarily CA specific I'd hope they could be of benefit to others in general. If nothing else maybe evoking questions on a topic.

May 23, 2011 05:08 PM #4
Rainmaker
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Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Lynda it is always important to make that last check of the home before you actually own it!

May 24, 2011 12:31 AM #5
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Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"

Lynda  I agree with William.  Your videos are the work of a true professional and would benefit from being included in many posts as links.  This needs to be suggested - OK I will :)

May 24, 2011 02:18 AM #6
Rainmaker
554,474
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co

 

Bill & Karen ~ Special thanks for your visits and comments.

May 24, 2011 02:59 PM #7
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Lee & Pamela St. Peter
Berkshire Hathaway HomeServices YSU Realty: (919) 645-2522 - Raleigh, NC
Making Connections to Success in Real Estate

Lynda, good advice to get the word out to your clients about the final walk through.  With our new due diligence clause it's just a verification that the home is in the same condition (or better) than when the offer was made!  No damaged walls or scratched floors caused by the moving out.

Again, well done video!!


Pamela

May 25, 2011 12:00 AM #8
Rainmaker
1,749,024
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Excellent video and advice Lynda. From Williams comment (#3) it sounds like I best go back and review your other videos.

May 25, 2011 01:25 PM #9
Rainmaker
346,157
Jenny Kotulak
RE/MAX Real Estate Centre Inc., Brokerage - Oakville, ON
Broker - Oakville Ontario Real Estate

Great video Lynda, I'm doing a final walkthough on Sat. for a house closing June 1.  It is vacant so my buyer's are meeting with some painters to get quotes.  It was also vacant when they bought it so hopefully there will be no surprises.

We did have to ask the listing agent when finalized the offer, to put a padlock on the gate.  There is a pool in the back yard and they were to open yesterday so we will check that also.

Who likes surprises a couple days before closing?? Not me.

May 25, 2011 04:40 PM #10
Rainmaker
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Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co

Well Hello Bob, thanks so much for the lovely comment.

Hi Jenny ~ Good thinkingabout that lock on the gate, especially with that pool. I've got a vacant now & we put a lock on the side gate to (hopefully) keep someone from stealing the air conditioning units. Now I know they can cut it off, but we didn't want to make it any easier without a lock.

Oh Pamela ~ Almost missed you. I found your due-dilligence requirement very interesting after reading your post.

 

May 25, 2011 06:29 PM #11
Rainer
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Scott Freedle
Metro Brokers Freedle and Associates - Centennial, CO

Lynda, great list for buyers in California to know what the terminology is and means!

May 29, 2011 03:47 AM #12
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Great post for buyers doing their final walk thru!    This is the time when the buyers are most excited, as they are about to take possession!  

May 30, 2011 05:20 AM #13
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Pat Haddad, ABR, CRS, ePRO, GRI
Keller Williams Indianapolis Metro NE - Carmel, IN
Carmel, Fishers, Westfield IN Real Estate Expert

Lynda--If HGTV gets wind of this, you may become their new star! This series was such a terrific idea!  Sure beats any first time home buyers manual that can put you to sleep!

May 31, 2011 01:47 PM #14
Rainmaker
554,474
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co

Oh Pat,

You are just too darn funny! Thanks for the viewing & comment.

May 31, 2011 02:24 PM #15
Rainmaker
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Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Lynda--People really don't know what to do at a final walk through...of course with your videos they will know now! You are so professional and well spoken in your presentation. :)

Jun 01, 2011 03:39 PM #16
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Lynda Eisenmann

Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co
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