What’s a walk-through?
An online dictionary describes a walk-through as “a tour or demonstration of an area or task”. When it comes to buying a home, you may hear of the term “walk-through”. The online dictionary seems to be spot-on when describing this process. The walk-through happens just before the settlement or closing of the contract. During the walk-through the buyers and their agent will visit the property being purchased and check on the following items:
1- personal property has been removed, including “garbage and debris” according to NC form 2-T Offer to Purchase and Contract
2- negotiated person property in still in the house, like the refrigerator, washer, and dryer
3- that repairs items have been completed based on any negotiations with the seller; buyers may want their home inspector to verify that repairs have been made properly prior to the walk-through
4- that the property is in “substantially the same or better condition” as when the offer was made, with the exceptions of “reasonable wear and tear”
**** A note to NC home buyers, our Realtor forms do not have an stipulations that the house is to be cleaned prior to closing, just “personal property, garbage, and debris” removed.
Once everything is check-outed during the walk-through, the buyers are ready to sign all the documents and close on the property. After the deed is recorded, the house is theirs.
Thanks for visiting,
Bonnie Gilbert, Broker/REALTOR