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Walkthrough too close to closing?

Started by UE98
about 10 years ago
Posts: 100
Member since: Jan 2013
Discussion about
Hello again, Hopefully a simple question -- I don't like the idea of doing a walkthrough the day before the closing. Do people have a preferred minimum number of days before closing? Does it really even matter? What have your experiences been like?
Response by Flutistic
about 10 years ago
Posts: 516
Member since: Apr 2007

Having been through this many times on both sides of the transaction, as a buyer I want the walk through the day before or even the day of if it's an afternoon closing. As a seller a couple days before is better. Why? Because as a seller I will have time to fix things and keep the closing on schedule. As a buyer, I want to make sure everything is fine before title transfers. If the walk through is several days before, things can happen in between then and the closing. If the seller is emotional in a bad way (distress sale of some kind), buyer needs to be extra aware.

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Response by KeithBurkhardt
about 10 years ago
Posts: 2988
Member since: Aug 2008

What Flutistic said.Buyers sometimes question why we suggest the day of. If any issue's turn up ,either they will be fixed asap or else your attorney will ask for escrow until the repair is made.
Keith Burkhardt
TBG

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Response by scout15
about 10 years ago
Posts: 28
Member since: Jun 2015

You can always do multiple walkthroughs.. do one a week before to see if there's any issues that need to be resolved, and then do one the day before to make sure nothing's changed.

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Response by jlkaufman1
about 10 years ago
Posts: 24
Member since: Oct 2009

Hi UE98 , I tend to do a walk-through as close to the closing as possible. You want to make sure that the seller, or tenant currently residing in the apartment has left the place as was agreed upon. If there are any issues, you can either have the seller leave money in escrow and agree upon a certain time-frame as which they make the repairs, or you can receive a credit at closing to compensate for any issues. Hope this helps.
Jessica Kaufman
JLK Team

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Response by jelj13
about 10 years ago
Posts: 821
Member since: Sep 2011

I had a relative who was glad she did her walk through the day of the closing. She found that the owner had removed all the appliances in the kitchen and all the through the wall a/c's. At the closing, the owner argued with the lawyers on both sides saying that the appliances were personal property. So she sold them to other residents of the building, so she couldn't get them back. She feigned ignorance of the contract. The owner was just being slick and thought she could get away with it. The owner had to pay my relative for the appliances at their used value, not a great deal because she had to buy new appliances right away to be able to move in.

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