The Top 10 To-Dos for the Final Home Buyer Walk Through

You’ve found your dream home, and at last, you’ve made it to the Final Walk Through, also known as the second to last step in becoming the new owners of your property! It’s like the rehearsal dinner before the wedding or the baccalaureate service before the graduation. You’re almost to the finish line. And what better time than now to discuss this exciting subject since home closings are at their highest in the months of July and August.

In terms of the logistics, most final walk throughs are scheduled for the evening before or the morning of the closing. Which timeframe you choose is mostly dependent on the schedules of the parties, the time of the closing, and when the seller has officially moved out of the house. The final walk through can take anywhere from 15 minutes to two hours, with most of them taking about 30 minutes to an hour. When you get to your almost next home for the walk through, you’ll usually find yourself in the company of your buyer’s agent and the listing agent. The seller typically doesn’t attend.

So…when you find yourself at this almost final step to buying your home, here are the top 10 to-dos to keep in mind:

1. Review the Purchase & Sale Agreement (P&S) prior to your arrival at the walk through as a reminder of what the seller agreed to repair, address and leave with the property.

2. Make sure any inspection issues have been properly resolved.

3. Check that there isn’t any water in the basement or any other damage to the property that you haven’t seen or about which you haven’t been made aware.

4. Confirm the inclusions are still at the property and anything you’ve asked to be removed is no longer there.

5. Ensure everything has been removed from the attic, storage areas, drawers, cabinets, closets, etc.  

6. Confirm the house is “Broom Clean” (click here to learn about what “Broom Clean” really means).

7. Make sure the air conditioning and/or heating system, depending on the season, is working. 

8. Confirm the seller has left keys to the house and garage door openers.

9. Run the water in the faucets, and flush the toilets.

10. Look for any instructions and/or warranties to appliances and house systems that the seller said s/he would leave for you.

If you run into issues with any of the above final walk through to-dos, consult with your buyer’s agent and your real estate attorney. Together they will help get everything resolved one way or another prior to the closing. And then Happy New Home! Yay! 🙌🏻😄

What are your thoughts on the final home buyer walk through? When you were buying your house, did you do any of these to-dos during the final walk through or were there other ones you completed? I can’t wait to hear….

For more information on this or about the real estate market in Weston, Wellesley, Wayland and the surrounding towns or if you are considering selling your home, please contact me, Lisa Curlett (www.lisacurlett.com, 781-267-2844 or lisa.curlett@compass.com), to answer any questions or for a complimentary home appraisal.

5 Things to Remember in a Bidding War

The dreaded bidding war. You’ve found your dream home but so have 10 other buyers. Your first thought is probably #$%&@! But don’t despair…. Before you feverishly start putting together your offer and get thrust into an insanely competitive home-buying scenario, take a deep breath and remember these thoughts which I hope will guide you through the process:

1. Keep in mind that the pricing strategy is different in a bidding war. If you truly want to buy/”win” the house in a multiple bid situation, the competitive offers - and not the comps - become the most relevant part of your pricing strategy. The comps go out the window and are basically irrelevant - that is if you want to successfully win the bidding war.

2. Put your best foot forward at the get go. Start as strong as you can because you don’t know what the seller will do with the offers. S/he may decide to go back to the strongest offer and just work with those buyers.

3. Only do what is comfortable for you. If you push your offer price too high, remove contingencies and overextend yourself financially, you may win the bidding war but you likely won’t be able to ultimately go through with the deal, which isn’t fair to anyone, including you.

4. Remind yourself that you are purchasing your next home and not trying to beat out the other buyers. This ties in with point #3. Don’t get caught up in the hysteria of a bidding war, focusing only on winning and losing sight of the home you are buying. It’s about your potential new home and not the competitive game.

5. Remember that only one buyer will purchase the property. So the odds of your offer being accepted may not be high depending on the specific scenario. That being said, even if your offer is not accepted, it can happen that the first (or second) offer will fall through, and you could be hearing from the listing agent. As Bebe Rexha says, “If it’s meant to be, it’ll be….”

What are your thoughts on bidding wars? Have you ever found yourself in a multiple bid situation? Were these thoughts ones you kept in mind as you ventured through the process? And how did you fare in the war? I can’t wait to hear….

For more information on this or about the real estate market in Weston, Wellesley, Wayland and the surrounding towns or if you are considering selling your home, please contact me, Lisa Curlett (www.lisacurlett.com, 781-267-2844 or lisa.curlett@compass.com), to answer any questions or for a complimentary home appraisal.