Walk the Walk What a Home Buyer Should Do before Closing – Fort Mill, SC.
One of the final steps before the closing is called the final walk-through. This is an opportunity for you, the buyer, to see the property one last time before the money is exchanged and the purchase paperwork completed and filed.
It is important to note that this is not a home inspection. That should have been done weeks ago so there was adequate time to negotiate and address concerns. This is also not a time to nit-pick or back-track on agreed upon items. However, it is the right time for you to look! at the property and make sure it is in the condition you agreed to buy it. If repairs or upgrades were part of the deal, now is the time to make sure they were completed to your satisfaction.
Your real estate professional may or may not accompany you to the final walk-through. In either case, you will want to do the following:
- Open and close all windows, doors, garage doors
- Run all faucets and check for leaks
- Flush toilets
- Test outlets
- Check the basement, attic and crawl spaces
- Make sure that certain items as stipulated in the contract are left behind – i.e. light fixtures, window treatments, appliances, etc.
- Test the heating and air conditioning systems
In short, you want to make sure the home systems are operational and the seller has met the obligations laid out in the purchase contract.
If you do have a concern, bring it to the attention of your real estate professional and attorney. They can advise you ! about different courses of action. For instance, if it a significant expense, you may withhold money until a repair is made.
A final piece of advice: don’t skip the final walk-through. Because this is a busy time filled with packing and moving, some buyers are tempted to neglect this step. After all, you are so close to actually buying the home. In reality, the final walk-through is there to safeguard your investment.
This article is from Carmen’s Life at Home Newsletter January 2008 and Century 21. To see the entire newsletter, click here – Jan 08 life at home newsletter