Condo Not allowing us to do Early Inspection
Started by OHR0106
about 16 years ago
Posts: 3
Member since: Sep 2009
Discussion about
We're a first time buyer and we already signed the contract. We wanted to do our inspection a month and half before we close. We would do another one prior to closing. I wasn't aware that inspections are usually done before you sign the contract b/c our agent told us it was done during the walk through. Now the condo is not allowing us to do the inspection this early. We have to do it 3 weeks before closing. Does this usually occur with some condos? Can someone also explain what the difference is between the walk through and the inspection. Who actually does the walk through? I feel like we're not getting the right answers from anyone or we're just being lied to. Any feed back would be really helpful. Thanks for your help.
you do the walk-through yourself. from what i understand it's highly common in NYC to not even get an inspection at all. there are many threads that cover this topic in detail, just search discussion for "inspection"
An inspection is when you hire someone to inspect the apartment (plumbing, electrical, appliances, and finishes) and mechanicals and roof and basement, etc. They then tell you if anything is wrong.
A walkthrough is just you and the sponsor going through the apartment to point out things that might need to be repaired, which usually turns out to be superficial things.
I suppose you can hire an inspector to go through the walkthrough with you if the condo won't allow an inspector before your scheduled walkthrough. And unless there is a serious condition 3 weeks might be enough to go through a punch list.
the walk through is when you go through the apt probably about 2 weeks before closing. you make a list of defects found-such as scratches on wood floor, a wall that needs repainting, missing/broken appliances/fixtures. i dont know if you get a deadline as to when these items must be fixed. but it would definitely help you to hire an inspector to bring with you-to make sure counter tops are really marble or whatever. i think the sponsor may take a little off the price at closing if something cant/wont be fixed.
freezer, i would recommend the walk thru very close to the closing date. I have done themon the morning of the close.
Be prepared to hold not close, Once you hand over the check your bargaining position with regards to punch list is extremely compromised. Check the offering plan for defects the sponsor won't cure and the time frame allowed for curing.
Cool question. I wrote a piece about the difference between the walk-through and the inspection here: http://bit.ly/DlPjc
ali r.