Remember the Final
Walk-through
Protect
yourself and your clients with a visual inspection before closing.
When you're representing buyers in a deal, don't forget to make
sure a "final walk-through" is included prior to closing. This is
especially true in a market where desperate and less-than-reputable sellers may
try and walk out with the fixtures. While that may sound a little extreme, the
final walk-through can head-off conflict after closing (and even warm up buyers
and sellers prior to closing).
Scheduling a final walk-through 4 - 7 days prior to closing will
allow your clients to address issues such as:
- If the current owner is on schedule to move out
- That the property is in the same condition it was when
shown
- That any repairs required have been completed
In a best-case scenario, a final walk-through is also a good
time to have the sellers explain details about the house that the buyer may
need to know-- especially tricky pool heaters, access to attics, funny light
switches, and sprinkler timers. It's also a great time to put together a list
of companies who have serviced the house in the past.
Show you're on the ball with a great walk-through strategy!
Scott
Levitt
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