Welcome to Home Selling 101, Our Class Today on a “Buyer’s Final Walk Though” When Selling Your Home!
If you’re selling a home (or if you’re the home buyer) most contracts including the California Residential Purchase Agreement provides for a buyers final walk through called VERIFICATION OF CONDITION to verify the condition just prior to closing.
Earlier in the home selling and buying process buyers normally have a contract provision allowing for the “buyers investigation” time period, meaning the appropriate time in the process for the third-party physical inspection among other things which is different than the final walk through taking place later.
It’s important for consumers to know in the CA purchase agreement the final walk though is not a contingency of the agreement, especially since the buyers had the opportunity of due diligence of inspections earlier in the contract.
The purpose of the final walk though is to confirm the condition was the same as the time of the acceptance of the offer and to verify any of the requested repairs have been completed by the seller of the seller’s professionals. Our contract also states the sellers are to provide receipts if work or repairs were completed by someone other than the owner. If receipts, work orders and invoices have not been provided in advance, they’re normally furnished to the buyers at the walk through. In the event work was completed by the owner has agreed to (in the CA purchase agreement) to provide a list of repairs completed by the seller.
It’s also a good time to double check on the transfer of utilities, lawn service, pool service, mail delivery, confirm trash day pick-up and anything else that could be helpful to the buyers.
Oh and when possible I’ll ask (my clients if I’m representing the sellers) whether or not they know if the next door neighbors might be avail after wards to meet the new homeowners!
So if/when you’re looking for home selling or home buying help contact me, Lynda@PreferredHomeBrokers.com. Also direct or text (714) 595-1494.