|
Home
| Seller's Guide |
Walk Through
Buyers Final
Inspection
The purpose of the walk-through inspection prior to settlement
is to determine if conditions in the contract are satisfied.
The time for the buyer to inspect and note defects for correction
by the seller is during the contract negotiation and prior
to signing the sales agreement. Repair or replacement items
should be noted in the contract. Most resale homes are sold
in as is condition, however, mechanical, electrical,
and plumbing items should be in working condition.
It is up to the buyer to perform the inspection, not the
seller who may or may not be present. The buyer should be
accompanied by the selling broker and/or the listing broker.
The home seller should be sure utilities are on so that
equipment can be operated.
Room by Room
Expect the buyer to try all lights and switches; turn all
faucets on and off, run shower and flush toilets; turn on
furnace and central air conditioning (in off-season, the
buyer may hire a professional to certify proper function);
test all stove burners, oven at bake and broil; run some
ice cubes through disposal to test the blades; run the dishwasher,
washer, and dryer through complete cycles; open and close
all windows and doors. In short, the buyer should try everything,
including the keys and the fireplace flue.
All deficiencies should be noted. If seller does not correct
problems prior to settlement, funds may be withheld by the
settlement attorney for repairs. The selling broker will
coordinate with the listing broker and seller to make repairs
before settlement, if possible. Upon receipt of bills and
notification that repairs are complete, the attorney will
release the balance of funds to the seller, if money is
escrowed for needed repairs.
|