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Final Walk-Through Inspection
Imagine the situation.
You’ve concluded the deal that you’ve spent that last month working on.
Everything is great, the house is perfect, you’ve negotiated what repairs need
to be finished and your going to move-in in two weeks time. Everyone is happy;
so you sign the contract and two weeks later you move in to the house of your
dreams. Then you begin to cry.
What has happened is that
the repair are not done, the house is a compete mess and its going to take you
ages and a lot of money to sort it all out. What has gone wrong you may ask?
Well what you have done is committed one of the most common mistakes; you
didn’t have a final walk through to check that everything was on track and
going smoothly!
The final walk through is
one of the most fundamental pieces in the real estate buying jigsaw puzzle.
Although we would like to believe everything that we hear and trust strangers,
you can’t afford to do this with real estate. Consider this scenario: A young
couple, Allan and Pauline are traveling through a South American country. They
need to exchange their American greenbacks for the local currency. They can’t
believe their luck when a friendly local stops them on the street and offers to
exchange the currency with no commission. They hand over fifty U.S; the
friendly local hands back a thick wad of money. Allan and Pauline recognize the
bill, so they assume that everything is good and they have got the best deal.
Exchanging a pleasant goodbye the two parties go their separate ways. Hours
later Allan pulls out the money to pay for dinner. He is shocked to discover
that of the thick wad only the top and bottom papers were real; the rest were
blank. The moral of the story is that if they had checked the money before
going their separate ways they would have caught the person trying to fleece
them before it was too late.
Whilst the above is an
elaborate story it emphasizes the point that merely accepting things on face
value, or taking the word of someone whom you are not really familiar with is
not a good idea, and you should have everything written down legally before you
commit to any deal.
It is generally a good idea
to go on a walk through with your realtor or real estate agent no earlier than
five days before you expect to close any deal. Whilst a final walk through is
usually not a problem with the majority of sellers, you should non the less
have your right to a final walk through again written into any contract, so
that there are no problems. If you are refused a final walk through, then you
should seriously consider the contract on offer and look at the reasons why you
are not allowed to have a final look at the property before you purchase it.
Never sign a deal until you are 100% happy with it.
Everyone has their own idea
on what the final walk through should incorporate; usually based on what they
asked for in the contract, however below is an itinerary of a possible
inspection:
Outside the house
You should start your final
walk through outside your ‘new’ property. Examine everything that you asked to
be looked at. Check everything thoroughly and if everything is good then you
have noting to worry about. If there are still some faults that need repairing
make sure that they were pointed out in the contract that you both signed and
that they will be completed before you take ownership. Things that you should
make an effort to look for include the following:
Broken windows
Dirty guttering
Un-mowed lawn
Unfinished driveway
2. The garage
If your new home has a
garage you should make sure that it has been cleaned out, as you would have
mentioned in the contract. If there are still items in there, then get
assurances that they will be removed before the hand over date. Also make it a
priority to check if the garage door actually open and closes freely.
Bottom floor of the house
The bottom floor of the
house (assuming that it is not a bungalow) will contain lots of rooms; each of
which will need to be checked individually. Start in the living room and make
sure that all the carpets that are staying (they may not be part of the deal)
have been shampooed and all the furniture that you are expecting to stay is
still there.
You should look for signs of
untidiness and make sure that you have a tick list of everything that you asked
to be cleaned or fixed, so that as you go through each room you can tick it off
the list to make a new list of what has and hasn’t been done.
After the living room check any
downstairs washrooms. Make sure they are clean and smell fresh. Check that new
paint has been put on the walls, if that is what you have asked for.
The kitchen is one of the most
important parts of any home and you should make sure that all fixtures and
fittings have been tightened and cleaned. Again make sure that what you have
asked to be cleaned or fixed has been done and if not then make a note of these
items that still need work. Certainly make sure that the counter tops are clean
and hygienic
4.
Second (and third floor)
The sleeping areas of any property
should be checked to make sure that they are fresh and clean. Check for any
cracked or damaged windows, and that all furniture is still in the rooms that
you purchased with the property
After looking at the bedrooms check
the bathroom. Again basically look to make sure that it is clean and any faults
have been fixed. Make sure that the faucets and showerheads are tight and
working properly,
5.
Attic
If the property has an attic, check
that all the previous owners possessions have been removed and that the area is
clean and tidy, as you will no doubt want to store your own possessions in the
attic as soon as you arrive.
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