What Am I Supposed to Do at a Walk-through?

A walk-through occurs just before the close.  The buyers and the agents "walk-through" the home for a final inspection.  By that time, the seller's belongings should be out and the apartment left "broom clean."  By the way, "broom clean" might not be as clean as you'd like, but it's the standard.

This is really the time when the buyer ensures that the apartment is in the same condition as when the contract was signed.  For example, that there hasn't been a fire or a burst pipe in the interim; or that a chandelier that was supposed to stay is missing.  Contrary to popular belief, this isn't when you make sure all of the plugs, taps, and toilets are in working order.  That should have been done at the outset.

That's why it's so important for BOTH buyer and seller to note any fixtures, window treatments, etc. that remain; and to list out any existing defects and have them included in the contract with a proviso that they will either be remedied or sold "as is."  We can't tell you how often at a closing a buyer will cite a NEW crack in a window or a non-functioning socket under a bed and seek a price "adjustment."  The seller has already moved and is at their mercy!

Don't let it get ugly.  Sellers, cover yourselves and be up-front in advance.  Buyers, be fair and reasonable.  If something minor does crop up, do you really want to incur the thousands of dollars it could cost to re-schedule a close because of a cracked stove knob?  We didn't think so.  Everybody take a deep breath and keep your eyes on the prize.