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Essential Real Estate Walk-through Methods

By Expert Author: Wade Katin

You have located the house of your dreams and closed the deal with the seller and the price has been resolved. The inspections have been finished, your mortgage has been finalized and the money is available and you are able to set a closing date. However, this is not the end. Your final step is to perform a final walk-through arranged by your real estate agent at least a few days prior to closing. The goal is to be sure that there has been no alteration of the condition of the home since your last trip and that the agreed upon repairs and various other conditions have been done.

A final walk-through is not another home inspection since, preferably, that has recently been accomplished and you have found the reports satisfactory. Take the time to take the along with you because you may need to refer to it frequently to see that the conditions have been satisfied. If you have not met the seller (which isn't uncommon), try and conduct the final walk-through in his or her presence given that they know the dwelling well and should have the capacity to supply adequate answers to any queries that you may have. http://www.realtor.com

If the residence has been lying vacant, one more walk-through is that much more useful. Since your past visit, for example, another person could have left a faucet running and mistakenly induced water damage. Check the exterior of the property particularly when there has been poor weather in the intervening period. Turn all the electrical fixtures and fittings on and off to ensure that they operate and verify that the seller has left behind the agreed upon items. Also, check on the major appliances along with the heating and the air conditioning systems.

Schedule plenty of time for the walk-through and don't be afraid of including your home inspector if there are any major issues that you need to deal with before closing the deal. The inspection charges will most likely be a lot less than the inspection fee and the cost might be beneficial if you'd like to ensure that repairs and other agreed work have been carried out to your total satisfaction. Ask for the receipts for the work completed as proof that the work was completed and to get contact details of the contractors. If your walk-through unearths any kind of problems not sorted out earlier, your potential strategy will be determined by the magnitude. If the issue is really serious, speak to your legal professional to make sure that an adequate remedy may be worked out before the deal is closed.

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