Final Walk Through is Critical, Sellers.

By
Real Estate Agent with Smart Green Realty

Yanking that TV off the wall is gonna cost you! Don't think the deal is over before the buyers inspect the house just before settlement. The final walk through sets the tone for a joyful settlement--or a hostile one. The buyers have the leverage at that point because they hold the money. The sellers need to do right by them--or pay the price.

These sellers did a pretty good job of emptying the house and cleaning it out. Both work full time. They had to do all the packing for a quick settlement after they got home from work each night. In their haste, they created a "black eye" above the living room fireplace when they took down the wall-mounted TV. The buyers had been more than generous throughout the home inspection and they were well aware of their generosity. So when they walked in the door for the final walk through and saw that damaged wall, it hit them like a slap in the face. They insisted on cash at settlement for more than just fixing that damage above the fireplace. The sellers wound up paying them an extra $2500. Everybody was ticked off and settlement was unpleasant. It did not need to be that way.

 

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Topic:
Home Selling
Tags:
selling a house
final walk through
home selling tips
home selling etiquette
buyer leverage at settlement

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Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

I'm often surprised and very disappointed when sellers remove conveyences after the pre-settlement walk-through inspection.

Sadly, I've seen kitchen ranges swapped out for cheap models and other similar events. 

Sad.  Sad.  Not to worry.  A nice talk with the listing agent will make sure things are correctly conveyed.

Jan 30, 2015 01:44 AM #1
Anonymous
Nanner

Is it proper etiquette for the listing agent to be present at the final walk through per the sellers instructions?

Mar 22, 2016 12:22 PM #2
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