It s guaranteed to be hectic right before closing, but you should always make time for a final walk-through. Your goal is to make sure that your home is in the same condition you expected it would be. Ideally, the sellers already have moved out. This is your last chance to check that appliances are in working condition and that agreed-upon repairs have been made. Here s a detailed list of what not to overlook for on your final walk-through.
Make sure that:
Repairs you ve requested have been made. Obtain copies of paid bills and warranties.
There are no major changes to the property since you last viewed it.
All items that were included in the sale price draperies, lighting fixtures, etc. are still there.
Screens and storm windows are in place or stored.
All appliances are operating, such as the dishwasher, washer and dryer, oven, etc.
Intercom, doorbell, and alarm are operational.
Hot water heater is working.
No plants or shrubs have been removed from the yard.
Heating and air conditioning system is working
Garage door opener and other remotes are available.
Instruction books and warranties on appliances and fixtures are available.
All personal items of the sellers and all debris have been removed. Check the basement, attic, and every room, closet, and crawlspace.
Reprinted from REALTOR magazine (REALTOR.org/realtormag) with permission of the NATIONAL ASSOCIATION OF REALTORS .
Copyright 2008. All rights reserved.
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A survey by Redfin found that 72 percent of its agents described current market conditions as “a good time to sell,” down from 86 percent from the second quarter. Meanwhile, 55 percent said it is “a good time to buy,” up from 46 percent in the first quarter.
The survey also revealed that limited inventory (87 percent) and bidding wars (79 percent) remain the biggest challenges for buyers. The agents also reported that sellers also are facing challenges, with 62 percent reporting that sellers have unrealistic expectations about the value of their homes and 30 percent saying that sellers are having difficulties getting their home to appraise for the contract purchase amount.
Nearly 70 percent of the agents surveyed believe home prices will rise in the coming months, versus 97 percent in the first quarter. Only five percent expect home prices to “rise a lot,” down from 44 percent in the first quarter.
More than half believe the market has become less competitive over the last three months, and only 22 percent believe it has become more competitive.
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