o you've bought a house. of the home, you'll be able to
The paperwork is signed and see things as they really are.
in order, and all that Keep in mind that at this point
remains is your final walk in time, you have already signed
through. Wait! Your job isn't the contract to purchase the
over. home. Now is the time to verify
that everything on the physical
The final walk through can be a premises is as it was stated on
crucial step in the home-buying the contract at the time you
process. While it's true that agreed to purchase. Was anything
home inspections and all other damaged as the owners moved out?
negotiations should be taken care Did they leave all of the
of well before this time comes, appliances they agreed to leave,
the final walk through is by no and are they in the same working
means a free day. There are a few order as they were when you
things that you as the buyer must signed? Feel free to actually
be aware of during this final walk around and inspect the house
step in the process. Remember, at this point. It is your moment
the condition of your future home to point out any discrepancies
is on the line. and avoid possible major
headaches later.
The final walk through on a home
should always occur after the If you do find anything amiss,
sellers have moved out, but the final walk through gives you
before you go to the final the chance to settle matters with
closing and receive the deed. the sellers and negotiate costs
This allows some time for any of repair or replacement on
loose ends to be cleared up, and anything that has changed since
it also means that with the the contract was signed. In most
original owners' possessions out cases, you will be allowed to
withhold the amount required for the required repairs are made.
repairs from the amount you have You as the buyer have the right
agreed upon for payment. This is to have the house in the exact
a lot like a security deposit in condition it was in when you
an apartment: The sellers are agreed to make the purchase.
responsible for keeping the
condition of the house as it was The final walk through is
on the contract sign date, and extremely important because once
any repairs are their financial the deed changes hands and the
responsibility if they wish to process is complete, anything you
uphold the contract. did not take note of is no longer
the seller's responsibility. So
If for any reason repairs needed be vigilant, bring an expert if
are serious, or if the condition you have to, and ask plenty of
of anything in the house is questions. After all, your future
seriously altered, it is possible home is worth a second look.
to put off closing the sale until
About the Author:
Kirsten Hawkins is a real estate expert from Nashville, TN. Visit http://www.king-of-real-estate.com/ for more information on real estate, mortgages, and finding the house of your dream.
Source: www.isnare.com
