Michigan home buyer tips -What to do before a closing

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Real Estate Agent with Real Estate One 6501304423

 

This is another one of my Michigan home buyer tips to help you understand why we do things in the real estate business.  My goal as a realtor to protect you everyway I can.  I do not want you to have problems when you buy a home.  A few months ago I had a client that was swamped with work and buying a home.  He did not think he had time to do a walk through.  They called and asked me if they should do a walk through?  Here is a story I have heard over and over.  l call it the urban myth of walk thrus.  A buyer was too busy to do a walk through.  They went to the closing without doing the walk through.  The home closed and became the buyers property.  The buyers went to the home only to find out that the garage wall was crushed in and the kitchen behind it had damaged cabinets and major damage.

 

Once you close the buyer now owned the house.  The sellers have no responsibility because the buyers accepted the house as is.  The sellers did not know about the problem.  Their teenage son had gone over to the house partying and accidently went through the garage wall with his car.  He never told his parents and his parent had no clue.  Because the buyer did not do a walk through they did not know about the damage, but they signed all the documents and bought the house as is.  The damaged kitchen and garage belonged to the buyer and the seller was not liable for it.  That is the urban myth I have heard about walk thrus.  It does not matter if it is a Wayne County home for sale or an Oakland County home for sale do a walk through.

However there are things that happened prior to closing and are discovered during the walk through.  I had one seller take electrical fixtures because they thought they could.  In the past year I can tell you of two instances of issues coming up on a walk through.  Early this year one home had a burst water heater that we discovered upon walk through.  The buyer and seller were able to come to terms prior to closing on how the buyer would be compensated.   We closed on time and the seller paid for a new water heater.      

 

The other issue we foudn when doing a walk through was a major issue even when it looked a first to be minor.  It was about a $10,000 repair.  We walked into the basement on a walk through.  There was water dripping down the floor joists and down the basement wall.  The sellers had hired somebody to remove the refrigerator as they were out of town.  The movers had disconnected the water line for the ice maker and kinked it.  Water had been running for 5 days over the kitchen floor, the basement ceiling, and the basement floor.  We put the closing on hold until the seller made repairs.

 

It was such a large repair that the seller had to file a insurance claim.  The insurance company:

 

  • sanded and re-varnished the kitchen and dining room floors

  • brought in a professional company to remove the water and dry out the basement

  • replaced drywall

  • re-painted the basement wall  

 

If we had not done these walk throughs, my buyers would not have know about the issues.  So the walk through saved the buyer from doing a major repair and having purchasing a damaged house.  So always do a walk through prior to closing.

I hope this Michigan home buyer tip on what to do before a closing helps you understand the process of buying a home.

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 Russ Ravary

 

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Topic:
Home Buying
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Michigan Oakland County Highland
Tags:
michigan home buyer tips
how to get the best home
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Rainer
264,354
Steve Kantor
BEST AGENT BUSINESS - Bethesda, MD
Best Agent Business - Virtual Assistance

Excellent advice, Russ. You never know what can happen to a house before closing and I've heard some horror stories too. Thanks for posting.

Jan 05, 2015 09:08 PM #1
Rainmaker
6,156,657
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is very good reading for home buyers. Having a professional home inspection and a pre-settlement walk through are important decisions.

Jan 05, 2015 10:41 PM #2
Rainmaker
847,297
Barbara Altieri
Kinard Realty Group Fairfield and New Haven County CT Real Estate - Shelton, CT
REALTOR-Fairfield County CT Homes/Condos For Sale

Russ -- The walkthrough is VERY important. I only do walks right before closing, not even the day before as you never know what can happen in a few hours. Better safe than sorry.

Jan 06, 2015 02:21 AM #3
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Russ

Excellent points, and examples, here. I have often had buyers ask about the importance of doing a walkthrough and in only 1 case did a buyer decline. I have not had issues like you describe (knocking on wood here) but I have heard some other horror stories.

Great advice for ALL buyers no matter what

Jeff

Jan 06, 2015 11:05 AM #4
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