AFY Jim Dilley - FSBO V1 Book

comply with the occupancy as specified in the contract.

13. Final Walk-through:

Usually within 24–48 hours before closing, the buyer, along with their agent, will do their final walk-through to verify that all repairs (if any) have been finished, and to make sure that what they contracted for is still in the same condition. If there are any problems, your agent will be notified. Most problems should have been ironed out by now, but if the walk-through results in a nonacceptance by the buyer, there might be some renegotiation. • Negotiations can involve many details besides price. • After accepting a buyer’s offer, expect additional hurdles, including the buyer’s loan application, credit report, and various inspections. • Real estate contracts often require an escrow holder. • Consider using an attorney, even when not required. • Normally, the seller provides title insurance for the buyer. Title companies provide title insurance and often have access to escrow and closing services. • Real estate transactions are complex and risky. There is no substitute for professional advice. POINTS TO REMEMBER:

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