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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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What are the world's most valuable chairs?
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| A |
A pair of Chippendale chairs designed by Robert Adam sold in 1997 at Christie's, London to an anonymous buyer for $2,762,330. |
 See More Real Estate Trivia > |
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Pat Berzanski
Weichert Realtors
142 Main Street
Chester, NJ. 07930
Office: 908-879-7010 ext 141
Home: 973-448-3887
Cell: 973-713-4795
Fax: 973-691-4407
Email: PatBerzanski@NUMBER1EXPERT.com
I am an 16 year veteran in the real estate industry working full time for my clients. My expertise lies in the areas of relocation and residential real estate. I am a member of the Million Dollar Sales Club at the silver level as well as a member of Weichert Realtors President's Club - the top 1% of the company.    
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