CONDUCT YOUR FINAL WALK-THROUGH
Your Right to a Walk-Through
The Purchase Contract allows for the purchaser to conduct a final walk-through inspection prior to settlement. At the end of the walk-through, the buyer signs off on the Walk-through Inspection Form. This form signifies the buyer’s acceptance of the property in it’s current condition and notes any contractual deficiencies. Therefore, this inspection is best performed after the seller has vacated the property. I will be happy to attend the walk-through with you. We will arrange this time/date a few days before closing.
The purpose of the walk-through is:
- To be sure that all included appliances, HVAC and plumbing, are in working order. Make sure to test all appliances, and run water from all water sources to check for leaks.
- To ensure that the property is free and clear of debris, clean, and in substantially the same condition as date of contract acceptance.
- To ensure that any contractual obligations have been met.
Paying for Repairs
Since lenders normally forbid the creation of an escrow fund to allow for repairs not made prior to closing, it may be possible—with the mutual agreement of the seller and the buyer—for the seller to credit to the buyer an amount that allows for the buyers to make the repairs themselves at a later date. This should be arranged prior to closing taking place.