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I plan to move out to my new house, in another state, before the buyer's final walk thru date and closing date.
Is this OK to do as I assume the final walk-thru shouldn't reveal anything? If the seller's do find things they want corrected what can I do being already in another state?
Status:
"I didn't do it, nobody saw me"
(set 1 day ago)
Location: Ocala, FL
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As a general rule, I always recommended my sellers (when I was a Realtor) not attend the final walk thru. If a potential buyer had an issue, they would contact their own agent and not the owner or your agent. Whether you are out of state or not should be an issue. If you left them home in good condition with no obvious issues, there should not be a problem. If there is an issue, your agent should contact you about it ASAP.
As a general rule, I always recommended my sellers (when I was a Realtor) not attend the final walk thru. If a potential buyer had an issue, they would contact their own agent and not the owner or your agent. Whether you are out of state or not should be an issue. If you left them home in good condition with no obvious issues, there should not be a problem. If there is an issue, your agent should contact you about it ASAP.
Remember that closings can be conducted remotely.
Thanks for the reply!
I assume your statement above you meant, "shouldn't be an issue"?
So let's say my agent calls me and there is some issue the seller is bringing up during their final walk-thru. Am I now screwed because I am in another state? OR depending on what they want fixed would crediting them back the cost to fix this issue the only option I have since I'd rather not deal with having someone fix whatever it is from another state.
So let's say my agent calls me and there is some issue the seller is bringing up during their final walk-thru. Am I now screwed because I am in another state?
To some extent because it's likely to cost you more money long distance than if you were there.
Quote:
OR depending on what they want fixed would crediting them back the cost to fix this issue the only option I have since I'd rather not deal with having someone fix whatever it is from another state.
That will give the buyer the opportunity to hold you up for a lot of money if you have no way of verifying what is going on.
Couldn't my agent take care of this stuff on my behalf, basically be my eyes on site to confirm what is really needed?
Yes. Your agent can handle this for you.
Don't expect or allow a laundry list of issues. The final walk through should only be about verifying the property is still in the condition it was in when they agreed to buy it. That it hasn't flooded or burned down or sustained major damage. Not a chance to ding you for a scratch in the floor they didn't see before.
Status:
"I didn't do it, nobody saw me"
(set 1 day ago)
Location: Ocala, FL
6,484 posts, read 10,357,154 times
Reputation: 7940
Quote:
Originally Posted by Diana Holbrook
Yes. Your agent can handle this for you.
Don't expect or allow a laundry list of issues. The final walk through should only be about verifying the property is still in the condition it was in when they agreed to buy it. That it hasn't flooded or burned down or sustained major damage. Not a chance to ding you for a scratch in the floor they didn't see before.
Don't expect or allow a laundry list of issues. The final walk through should only be about verifying the property is still in the condition it was in when they agreed to buy it. That it hasn't flooded or burned down or sustained major damage. Not a chance to ding you for a scratch in the floor they didn't see before.
This
......and normally final walks only take maybe 15-20 minutes. Just making sure they did not punch holes in the walls or leave the garage full of junk.
At the point of the final walk-through there are many forces pushing the deal forward. The money has been transferred, the mortgage is in place, the inspections have been paid for, and the moving truck has been booked.
Unless you have been hiding something behind the boxes- or unless a storm has damaged the roof- unexpected discoveries are very unlikely. And minor things can be dealt with through your realtor.
By the way- one of the very few ways you can screw things up is by taking anything the buyer might reasonably expect to go with the house. Window coverings, light fixtures, etc. etc. If any possible doubts clear them up now.
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