real estate

This week we will be discussing the final walkthrough before closing. Read The Balance’s article by Elizabeth Weintraub, “Tips for Doing the Final Walkthrough Before Closing on a Home” (attached). In it, Elizabeth stresses the point that final walkthroughs aren’t home inspections… nor are they a time to begin negotiations with the seller to do repairs.” Reflect on the information in the article, then give your thoughts on a few questions. Here we go…

  1. A point is made that buyers may be tempted to pass on the final walkthrough. What would you say to your clients to have them reconsider that stance?
  2. Scenario #1: You do the final walkthrough with your client and find that some of the agreed upon repairs the seller agreed to have done… weren’t. How would you approach this situation?
  3. Scenario #2: The home inspection showed no blaring issues, but you do the walkthrough two-days before closing and you find a problem. How would you address this with your client, the buyer? The seller and their agent?

My discussion boards are opinion oriented. That being said, remember net etiquette and be sure to provide a brief explanation/justification for your viewpoint. There is no right or wrong answer to these questions, just your personal, thoughtful response.

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