This is the second article in a two-part blog series on how the final walk through works with homes in Northern Virginia. You can read the first post here.
The Final Walk Through – What Kind of Condition Should Your New Home be in at Settlement?
When you’re buying a home, it’s very much “what you see is what you get”. The seller isn’t obligated to have the property cleaned before you take ownership. They’re also not obligated to do any touch-up painting or fill in nail holes with spackling, etc. Although it’s the courteous thing to take care of some of these things, the seller doesn’t have to do so.
Is it Necessary to do More Than One Walk Through?
Ever since some new changes were made to the mortgage lending industry in the fall of 2015, it’s generally a good idea to do both a preliminary walk through and a final walk through. This is because if there are any issues with the property that come up (repairs that still need to be taken care of or the seller offering to credit the buyer some cash at settlement in lieu of the repairs), lenders need time to allow these repairs or credits to make their way through their loan approval process.
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