You're down to the final few days before the close of escrow for your home. Your REALTOR® has just informed you of the need to do a "walk through." What is a Walk Through? After all, I've been in the home a few times, signed all the paperwork, and working on my move. Why would I want to do a "walk through?"
According to our contract in Arizona, the buyer shall have the opportunity to perform a walk through prior to close of escrow. The ideal time is at least three days prior to close of escrow.
Sellers are to have all utilities on during the inspection period and for the walk through to allow the buyer to retest any item that was repaired. The home also needs to be in substantially the same condition as to when the contract was written.
A buyer who finds any issue not repaired or other item not in the same condition should report that to the seller. One way to ensure action is to use the Cure Period Notice, giving the seller official notice that they have three days to repair said item
What is a Walk Through and why perform one? Failing to perform the Walk Through will allow any of the above items to be left unrepared and the issues become the buyers.
This past weekend, I performed a Walk Through briefly of a home for out of state buyers. A brief walk through on Saturday revealed the air conditioning wasn't cooling the home properly. The inside temperature of the home was 93 degrees! Imagine arriving from out of state to your new home only to find the air conditioner wasn't working in Arizona in June! The temperatures this past weekend reached 114!
Performing due diligence during a home purchae is critically important. Fair representation during a home purchase is also imporant to make sure all parties are treated honestly and fairly. Lacking that kind of representation, a buyer is left to their own devices and expenses.
If you're looking to buy or sell a home in Arizona, give me a call. Providing value added service is my mission!