| 12. THE FINAL WALK THROUGH Introduction When is the walk through done? Something is missing Arguments over repairs Tenants in the property Introduction The buyer's walk through prior to the closing is to verify the repairs (if any) have been done in a professional manner and to be sure the tenants, if any are out of the property. Also buyers will check that the seller has not removed any fixtures that are included in the sale like draperies or light fixtures. When is the walk through done? The final walk through is done prior closing, usually the day before or even right before closing. If there is concern about the condition of the home or quality of repairs, if any, then a walk through may be scheduled much earlier. Something is missing Many times a seller will remove something like a light fixture or fan. This will get a buyer very upset. To avoid this situation, any items or fixtures that are unique or of special interest that you will be removing should be noted prior to listing your home. When accepting an offer be sure to check out what personal items the buyers have listed in the contract to avoid confusion later. Arguments over repairs Arguments over the quality of repairs are not uncommon. Put yourself in the buyer’s shoes. I suggest that sellers either have any repairs done by a professional or offer a discount to the buyers in lieu of the repairs. The best advice is to have your own home inspection performed prior to listing your home and have the necessary repairs done at that time. Tenants in the property No one wants to inherit someone else's tenants. You should insure that any tenants are out of the property or preparing to leave by the time of the final walk through. Don’t wait till the last minute to take care of this matter. Sometimes a small cash inducement to the tenants to leave promptly works wonders. |