Want to ensure a smooth closing? Here’s what you need to do.
When selling your home in Burbank, the final walkthrough is a crucial step in the process. This is the last opportunity for the buyer to check that the property is in the agreed-upon condition before closing. As a seller, understanding what to expect and how to prepare for this step can ensure a smooth and stress-free transaction. Here's what you need to know about the final walkthrough and how to make sure you're ready.
1. What Is the Final Walkthrough?
The final walkthrough is an inspection conducted by the buyer shortly before closing. It’s their chance to ensure that the home is still in the condition it was in when they made their offer, that any repairs agreed upon have been completed, and that there are no new issues.
2. Timing of the Final Walkthrough
The final walkthrough typically takes place within 24 hours before the closing date. This gives the buyer time to review the home while allowing any last-minute fixes to be addressed by the seller.
3. What the Buyer Will Be Looking For
During the walkthrough, buyers will typically check the following:
- Repairs and Improvements: Have the repairs you agreed to during negotiations been completed? Did you leave any personal property that was supposed to stay?
- Condition of Appliances: Are all appliances still working as they should?
- Cleanliness: Is the home clean and ready for move-in?
- No New Damage: Has anything been damaged since the inspection? This could include holes in the walls, broken windows, or any other new issues that have popped up.
4. What Sellers Need to Do Before the Walkthrough
As the seller, your job is to ensure that the home is in the condition that was agreed upon in the contract. To avoid any surprises, here’s a checklist for preparation:
- Complete Repairs: Make sure any agreed-upon repairs are finished.
- Clean the Property: The home should be cleaned and ready for the buyer’s move-in. This includes clearing out any remaining personal belongings.
- Leave Behind the Right Items: Double-check that you’ve left behind all items agreed to in the contract, like appliances or furniture.
5. Possible Issues to Address During the Final Walkthrough
If there are issues found during the final walkthrough, it’s important to remain flexible. Here are a few possible outcomes:
- Minor Issues: If the problem is minor, the buyer may simply request a credit or have the issue fixed after closing.
- Major Problems: If there’s significant damage or if a major repair wasn’t completed, it could delay the closing or lead to renegotiations.
6. What Happens if Problems Arise?
If there are issues during the walkthrough, your Realtor in Burbank, like me, will help guide you through the next steps. It could involve negotiating a solution, like offering a credit to the buyer or having the repairs completed before closing.
7. Why the Final Walkthrough Is Important
The final walkthrough is essential because it’s the last chance to confirm that everything is in order before handing over the keys. A smooth walkthrough can help ensure a timely closing and prevent any last-minute complications.
Conclusion
The final walkthrough is an important step in selling your home in Burbank. By being prepared and proactive about addressing any concerns before the walkthrough, you can help ensure a smooth closing and avoid any surprises. If you have any questions about the selling process or need advice on preparing for the final walkthrough, reach out to me, Christian Perez, your trusted Burbank Real Estate Agent. I'm here to help guide you through every step of the process!