Home Condition At Closing

Image Courtesy Art Louis Photography from a Former Listing of Adam's

What can buyers and sellers expect in terms of condition at closing?

• Condition Details at Walk Through Inspection Depends Heavily on Contract

By the time that you get to the walk through inspection, you'll be relying more on the contract (& if applicable, a home inspector) than you will be on any other element in VA.

• 2 Main Contract Types Used in SE VA

• Default Buyer & Seller Responsibilities at Time of Walk Through Inspection in SE VA

• Final Walk-Through Inspections

• Best Times to Redact Terms: Offer, Counter, Inspections, Etc.

• Condition Obligations Depends on Any Redacted Offer Terms

• Disclaimer: Adam is Not an Attorney

What Else Do Condition Obligations Depend On?

• Any Redacted Offer Terms

• Depends on Any Addendum/Amendment Terms

• Depends on Property Condition at Time of Contract/Inspection (Depending on Contract)

• Depends on Insurance

• Depends on Law

• Depends on Possession Agreements

• Depends on Loan

• What About Concessions Offered in the Listing but Not Present in the Contract?

Related:

• Final Walk-Through Inspection on Real Estate

• Responsibilities & Inspector Options Including Deadlines Template for REIN & VAR Offers

• Utilities List for SE VA (Primarily Hampton Roads)

About the Author: Adam Garrett - 3rd Generation REALTOR®

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