What’s the difference between inspections and the”final walk-through”?
Inspections are the buyers right. You as a buyer have the right to inspect the home if your offer is accepted by the seller. This is your chance to find out as much about the property as you can. Depending on what type of investment you have in mind, would depend on what type of inspections you should get on the property. Areas, weather, years, all of these things need to be taken into consideration when deciding which inspections to do. Using your due diligence and inspecting the property is very much to the buyers advantage and at times to the seller as well.
The final walk – through is done at the very end of the transaction a few days before close of escrow. You can refer to your purchase agreement for future reference. You can find more elaborate information regarding the final walk- through in the section labeled “Final Verification of Condition” again, verbiage may vary depending on which agreement you use. The walk- through is used to solely verify the terms and conditions of the contract have been executed by all parties of the agreement. NOT to re-negotiate terms and conditions!
Remember, these terms are not always clear or at the very least create more questions, we are always here to answer any questions you have. As tech savy as we are these days its just silly not to ask when you can have the answer at your fingertips!
Bernadette Ramirez
www.BarForU.com
Happy Holidays!!! Look below for a special Holiday offer!!!
Open House drawing Black Friday Crowds…
With the Holidays behind us, buyers are back on the Real Estate scene scoping out the latest inventory. This weekend I held a home in SSF open. I had over 65 groups come through and even ran out of fliers & ended up staying well after 4pm as buyers kept showing up. I can’t remember the last time I ran out of fliers or had to stay longer then the open house was scheduled. I felt like I was at a department store on Black Friday and everything was 50% off!
The home was a single family fixer, in a desirable neighborhood. I figured there was an abundance of buyers because it was the first weekend of scheduled open houses, come to find out it wasn’t just my open house that faired well to the buyer’s scene, it was everyone’s.
Every Monday morning my office has its sales meetings. In the meetings we take count of how many people came through our open houses. Today the count was 400. Those are huge numbers which gives us all something to ponder… Buyers are out in droves, prices have come down and interest rates are historically at all time lows, has the market hit its threshold? What are your thoughts? All I can say is when it’s your time to buy or sell, it doesn’t really matter what else is going on around you. That’s the beauty of Real Estate.
Christmas Come Early
As we approach the holiday season, while everyone else is immersed in cooking the Thanksgiving Turkey and getting up at dawn to get those Holiday discounts on the season’s hottest new toy you can take advantage of the season’s best toy… a house! Read more
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