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:
- Floor scratches and cracks
- Floor scratches and cracks are most obvious on hard wood and concrete floors.
- Seller needs to disclose ALL upfront flooring issues whether or not those issues can be seen.
- Seller needs to list ALL areas where there are flooring imperfections.
- By disclosing and listing ALL flooring issues upfront, the seller/seller’s agent can manage the buyer’s and buyer’s agent’s expectations.
- Missing items such as appliances that have suddenly disappeared onto moving trucks
- Micromanage all items that are to “stay” in the house with the seller/seller’s agent.
- Put stickers on everything that is to “stay” with the house.
- Household building plans, manuals, warranty information
- Seller needs to collect and organize all household documents prior to putting house on the market.
- Make sure all the information is correct and applicable to current appliances and household systems.
- Help seller/seller’s agent get building plans from the municipality’s building department.
- Vendor lists and Neighborhood Contact Information
- Make list of all “pick-up” days for trash, recycling, yard work, etc.
- 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.
- 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.
- Hidden damage
- Once all the furniture is moved out of the house, all the defects and damage in the house become visible.
- Seller/seller’s agent need to disclose all such defects and damaged areas upfront to “manage” buyer’s expectations.
- Maintain ALL of the outside and interior of house prior to closing.
- Buyers will notice if the grass is dead if/when the seller didn’t water it.
- 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.