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Real Estate Tips
Closing or Settlement >Walk Through Woes

Buyers can be a little cranky on closing day if things go wrong during the walk-through inspection. For example, the sellers' dependable old dishwasher might stop midway through its cycle and the bathroom sink might clog unexpectedly. These situations can create anxiety for the buyers and sellers, but such problems are quite common and usually simple to resolve.

Most purchase agreements require that the major mechanical systems and the appliances being conveyed are in working order at the time of the closing. Defects are often discovered during the structural inspection, allowing the sellers plenty of time to have the repairs made. Occasionally there are last-minute breakdowns or defects that are not spotted until the walk-through inspection. In that case, an agreement can be made with the sellers at the closing to escrow funds for the repair or replacement of the items in question.

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Real Estate Trivia
Q 
What building has been named the 21st Century Townhouse project?

A 
4 townhouse in Bowie, MD made of giant foam/board panels, concrete/styrofoam block frames, steel, and aerated concrete.
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Bob Green, REALTOR®, real estate agent and broker for Lomita, Carson and Torrance, California home listings, property and land for sale - NUMBER1EXPERT

Bob Green
Penmar Real Estate

24020 Narbonne Ave. Suite B
Lomita, CA 90717
310-326-7962
Fax: 310-326-3616
bobgreen@NUMBER1EXPERT.com


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