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Closing or Settlement >Walk Through Woes

Buyers can be a little cranky on closing day if things go wrong during the walk-through inspection. For example, the sellers' dependable old dishwasher might stop midway through its cycle and the bathroom sink might clog unexpectedly. These situations can create anxiety for the buyers and sellers, but such problems are quite common and usually simple to resolve.

Most purchase agreements require that the major mechanical systems and the appliances being conveyed are in working order at the time of the closing. Defects are often discovered during the structural inspection, allowing the sellers plenty of time to have the repairs made. Occasionally there are last-minute breakdowns or defects that are not spotted until the walk-through inspection. In that case, an agreement can be made with the sellers at the closing to escrow funds for the repair or replacement of the items in question.

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Real Estate Trivia
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What is an encumbrance against a property, which may be voluntary or involuntary?

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There are many different kinds of liens: a tax lien, a judgment lien, a mortgage lien, and a mechanic's lien.
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Top Texas Team, Broker Associate, real estate agents and broker for Aubrey, Pilot Point, Cross Roads and Tioga Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Top Texas Team
ReMax First Realty III

8000 Highway 380
Cross Roads, TX 76227
940 365-6300
Fax: 940 365-5980
Email: Info@TopTexasTeam.net

I am both a Texas Realtor and Broker as well as a Illinois Broker, specializing in country properties North of Lake Lewisville to the Oklahoma border. I am a Director of the Greater Denton/Wise Board of Realtors and a Director of the Aubrey Area Chamber of Commerce. My husband and I live on 15 acres and raise quarter horses.

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