pre-closing walk through inspection

By
Real Estate Agent with Casa Tierra Realty
As a listing broker/sales person, is it important to have the buyer do their pre-closing walk through?  Our state Realtor Purchase Agreement form indicates in paragraph 18 that the buyer has the right to do a walk-through within 2 days prior to closing.  As a listing broker, do you care whether or not this is done?  Isn't it enough that the buyer closes?  My perspective as a qualifying broker is that we have a responsibility to our seller to assure that all of the details of the purchase agreement have been addressed and that our seller is protected.  Should the buyer not do the walk-through, it is possible that s/he could find a problem after closing that is significant enough to bring back to the table.  If that problem could have been discovered during the walk-through but the buyer did not do the walk-though, I believe that we would have done a disservice to our seller.  We always require that our brokers have a signed walk-through inspection (RANM form 5110) to complete the closing package for our file. 
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Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News
We always do a pre-closing walk-through.  What if the seller didn't clean out all of their stuff, what if something has happened to the house between the contract and closing, what if their were repair items that we need to check?  Gosh I can't imagine not doing one on any sale.
Jan 30, 2008 09:11 AM #1
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Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

How on earth can a buyers agent let a buyer go to settlement on a multi thousand dollar purchase without a final pre-settlement walk through?

Folks are more careful buying shoes. 

Jan 30, 2008 09:14 AM #2
Rainer
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Renee Stengel
Houlihan Lawrence, Associate Broker - Katonah, NY
Westchester County
In New York State it is customary for the buyer's broker to accompany the buyer not more than 48 before a closing.  In over twenty years it I have never had a purchaser say they will pass on a walk-thru, as we call it.
Jan 30, 2008 09:50 AM #3
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Brad Andersohn
Executive Director of Education at eXp Realty - Fairfield, CA
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Hi Bill,

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Jan 30, 2008 03:19 PM #4
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Bill Schwent

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