After all the hard work has been completed – the searching for a home, the applying for a mortgage loan, the selecting of a home, the offering for the home, the negotiating about deal specifics, the inspecting, the appraising – there is the final walk-through to make sure all is copacetic prior to the closing of the transaction.

What can possibly go wrong now? Lots…just remember Murphy’s Law.

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To help ensure that nothing does go wrong in this last phase of the transaction process, here is a list of attention-getting walk-through catastrophes and how to avoid them:

  1. Floor scratches and cracks
    1. Floor scratches and cracks are most obvious on hard wood and concrete floors.
    2. Seller needs to disclose ALL upfront flooring issues whether or not those issues can be seen.
    3. Seller needs to list ALL areas where there are flooring imperfections.
    4. By disclosing and listing ALL flooring issues upfront, the seller/seller’s agent can manage the buyer’s and buyer’s agent’s expectations.
  2. Missing items such as appliances that have suddenly disappeared onto moving trucks
    1. Micromanage all items that are to “stay” in the house with the seller/seller’s agent.
    2. Put stickers on everything that is to “stay” with the house.
  3. Household building plans, manuals, warranty information
    1. Seller needs to collect and organize all household documents prior to putting house on the market.
    2. Make sure all the information is correct and applicable to current appliances and household systems.
    3. Help seller/seller’s agent get building plans from the municipality’s building department.
  4. Vendor lists and Neighborhood Contact Information
    1. Make list of all “pick-up” days for trash, recycling, yard work, etc.
    2. Leave contact list on kitchen countertop, email list to seller’s agent and or transaction coordinator and keep copy of list for buying agent’s records, just in case.
  5. Clean up dead bugs that are discovered after seller’s furnishings have been moved and/or call pest control service. New buyers will “notice” bugs.
  6. Hidden damage
    1. Once all the furniture is moved out of the house, all the defects and damage in the house become visible.
    2. Seller/seller’s agent need to disclose all such defects and damaged areas upfront to “manage” buyer’s expectations.
  7. Maintain ALL of the outside and interior of house prior to closing.
    1. Buyers will notice if the grass is dead if/when the seller didn’t water it.
    2. Buyers will reimbursement for reseeding the grass if it’s dead due to lack of watering or mover damage.

Thanks to InmanNews for source data.

Also read: Podcast: The 3 Biggest Things That Will SHOCK the Real Estate Industry (Are YOU Ready?), Harris Listing Rules, Podcast: Don’t Be A Holiday Bah Humbug | How It PAYS To Give It Away!

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