closing.
If you or the buyer desires a different arrangement, this must be negotiated between yourself and the buyer. If you anticipate a logistical problem in turning over the keys to the buyer at the closing, make a request for a deviation as quickly as possible. If the buyer is also selling their home on the same date, there may also be a logistics problem with the buyer, making it impossible for the buyer to deviate. Due to many liabilities, it is advisable to make a clean break at the time of closing. Even though there is always a slight possibility of the deal not closing until you are actually sitting at the closing table, you should proceed to make the necessary arrangements to comply with the occupancy as specified in the contract. 13. Final Walkthrough: 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. You, the seller, are not permitted to be there for the final walkthrough. If there are any problems, your agent will be notified. Most problems should have been ironed out by now.
POINTS TO REMEMBER:
• 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. • Consider using an attorney, even when not required. • Normally, the seller provides title insurance for the
94
Powered by FlippingBook