Good morning! Since today is closing day for two of our sellers and one of our buyers, I thought I’d take a minute to discuss the pre-closing inspection.
Huh? What’s a pre-closing inspection? (And didn’t you already have one done as part of the buyer’s conditions?)
Not to be confused with a home inspection, which is usually performed by a certified inspector, the final walk-through of a home is typically completed by the buyer’s agent and his or her buyers. During COVID, it’s sometimes completed by just the buyer’s agent. It usually takes about 15-20 minutes and we check the property to confirm it’s in satisfactory and acceptable condition as per the terms of the Agreement of Purchase and Sale.
For example, in addition to ensuring that the property is clean and vacant, we make sure that any included appliances are present and operational, the hot and cold water are working, sinks are draining, toilets flush and any remotes for garage doors,...