The Final Walk-Through Is Your Last Chance to Check It Out
Buyers and sellers ask why a final walk through is necessary to do before the closing. As agents we take it for granted that everyone understands the purpose and will want to take advantage of this final check.
What is the purpose of the final walk through? The main purpose is to make sure that all contract conditions relating to repairs have been completed and the house has not been damaged in any way by the seller on the move out or items of damage concealed from previous viewings.
It's not that we don't trust the seller to do what he says, it can be a matter of interpretation and misunderstanding. Doing the final walk through allows time for resolution BEFORE the closing takes place. If repairs were to be completed and weren't, money can be withheld from the seller's proceeds to assure that these will be done. If repairs were done and not done properly, there is still time to call the repairman back to finish the job.
If movers or the seller damaged a floor, wall, door or trim or anything else upon move out, these can be discovered and repaired or money escrowed to fix the problem. I saw a house where the movers hit a chandelier with a piece of furniture. Since it was crystal, the whole light had to be replaced.W e all understand accidents happen but don't want to discover it after the closing when it is too late to do anything to correct it.
The Final Walk-Through Is Not Time to Renegotiate the Contract but only to check the items stated. This is another reason that it is so important to have a home inspection early in the transaction.
It is a time to see if all is well with the home and per the contract before monies are exchanged between buyer and seller. This is the buyer's last chance to see the home before it becomes their home and their responsibility. In Tennessee, agents have the buyer and seller sign off on the final walk through inspection. This is a good practice and is always allowed under Tennessee real estate law.
A good walk through takes the buyer into the closing with peace of mind. It also helps the agent know that a thorough job was done for their clients.
Why Is a Final Walk Through Necessary? The Final Walk-Through Is Your Last Chance to Check It Out Before the Home Becomes Yours.
For Clarksville TN real estate contact, The Real Debbie Reynolds at 931-320-6730. To search for homes for sale click here.
it would be my pleasure to assist you!
"The Real Debbie Reynolds"
931-920-6730 Office or 931-320-6730 Cell
Berkshire Hathaway HomeServices-PenFed Realty
2503 Wilma Rudolph Blvd., Clarksville, TN 37040
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