Southern Maryland Best Buys

head_left_image

Why are you scheduling walk through right before closing?

This is a really good point. A walk through a few days ahead may provide a means and the time to resolve any problems. But the last minute one still needs to be done just in case there has been some natural disaster, theft, or any number of last minute changes to the home.

Why do so many agents perform the final walk through with their buyers an hour before closing?

If nothing goes wrong, a walk through right before closing may work out but what if something does go wrong?  Closing may have to be postponed, movers rescheduled, and buyers may be without a place to live.

Some agents in Colorado Springs bypass the walk through when their clients are purchasing a vacant home or bank owned property. Even if a home is vacant, buyers should complete a final walk through of the property.  Unexpected issues may have occured since the buyer last saw the home such as appliances or home components no longer working or missing, vandalism, flooding, or a break-in.

By performing the final walk through in advance, all parties have time to work through any problems prior to closing.  Buyers can always perform another walk through right before closing if needed.

I see how it can be easier for agents and their clients to schedule the walk through immediately prior to closing especially if sellers are just moving out but all parties need to set aside time to do it sooner than that.  If the property has any damage, it can be difficult for parties to obtain bids for work to be completed or problem solve how to best address the situation.  If the HUD-1 has to be adjusted for any repair work and the home is bank owned or a short sale property, further delays will occur. 

When something does go wrong, it can cause unecessary stress to the buyers, sellers, and agents involved.  Don't assume there will not be any problems during your final walk through.

_________________________________________________________________________________

 
You'll "Retrieve Golden Results" with Cheryl Ritchie, RE/MAX Leading Edge, for all your Southern Maryland and Anne Arundel County Real Estate Services.
 
OR Call/Text Cheryl at Cell 301-970-7566 OR EMail
GoldenGirl@GoldenResults.com for the Golden Results YOU Deserve.
 
Visit my Digital Business Card at https://about.me/GoldenResults
 
 
 

Or Visit my "Golden Results" Social Networking Sites

RSS Feed http://twitter.com/GoldenResults http://www.linkedin.com/profile?viewProfile=&key=23151495&trk=tab_pro http://www.stumbleupon.com/stumbler/goldenresults/reviews/ http://www.facebook.com/goldenresults http://delicious.com/goldenresults http://www.flickr.com/photos/goldenresults http://www.google.com/profiles/RetrieveGoldenResults
Comment balloon 1 commentCheryl Ritchie • August 17 2013 01:09PM

Comments

Good morning Cheryl. What an important topic I don't ever remember being covere in the Rain. Really important, so now off to say hey to Patricia.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) about 6 years ago

Participate