Closing day is approaching, and you're gearing up for your final walk-through of your Waterloo Region home. This isn't just a casual stroll; it's a crucial step to ensure everything is in order before keys exchange hands. Whether you're the buyer or the seller, being aware of potential pitfalls and knowing how to address them can save you headaches (and even legal battles) down the road.
At Team Pinto, we've guided countless clients through the final walk-through process. We know what to look for, how to handle any surprises, and how to ensure a smooth transition for both buyers and sellers. Let's explore ten common problems that can pop up during this critical stage and discuss solutions that protect everyone involved.
1. Missing Fixtures or Appliances
The Problem: That beautiful chandelier in the dining room is gone, or the refrigerator you expected to be included is missing. This can be a major source of contention.
The Solution: Review your Agreement of Purchase and Sale carefully. It should clearly outline any inclusions or exclusions. If something's missing that was agreed upon, address it with your real estate agent before closing.
2. Damage After the Inspection
The Problem: During your final walk-through, you notice a large crack in the living room wall or a leaky faucet that wasn't there during the inspection.
The Solution: Document the new damage with plenty of photos and inform your real estate agent immediately. They'll then be able to work with the seller's agent to negotiate repairs or a credit towards the purchase price.
3. Uncompleted Repairs
The Problem: The seller agreed to fix that broken window or leaky faucet, but it hasn't been done.
The Solution: Again, communication is key. Your agent can follow up with the seller's agent to ensure those agreed-upon repairs are completed before closing. You can also request a holdback of funds to cover the cost of repairs if necessary.
4. Dirty or Damaged Property
The Problem: The sellers haven't left the home in "broom-swept" condition as stipulated in the agreement. You find piles of garbage, very dirty appliances, or damage to floors or walls.
The Solution: Don't panic! Document the issues with photos and bring them to your realtor's attention. They can negotiate a cleaning fee or request that the seller address the issues before closing.
5. Missing Keys or Remotes
The Problem: You're missing keys to the front door, garage, or even the mailbox. Remote controls for garage doors or smart home systems might also be absent.
The Solution: Request that the seller provide all necessary keys and remotes before closing. This should be outlined in your agreement.
6. Unpaid Utility Bills
The Problem: Outstanding utility bills can delay closing or become your responsibility if not addressed.
The Solution: Your realtor and lawyer will help you ensure that all utility bills are paid up to date before the closing date.
7. Last-Minute Renovations or Changes
The Problem: The seller has made changes to the property without your knowledge, like painting a room a bold colour or removing a fixture you loved.
The Solution: While minor cosmetic changes might not be a dealbreaker, significant alterations could warrant further discussion. Consult your realtor for advice on how to proceed.
8. Misunderstanding of Chattels & Fixtures
The Problem: You assumed the washer and dryer were included, but the seller has taken them. Or, the seller has left behind furniture they said they would remove.
The Solution: Again, refer back to your Agreement of Purchase and Sale. It should clearly state which items are included (chattels) and which are not. If there's a discrepancy, your realtor can negotiate a resolution.
9. Unresolved Issues from the Inspection
The Problem: The home inspection revealed issues that the seller hasn't addressed, or you have new concerns that weren't apparent during the initial inspection.
The Solution: Consult your real estate agent and, if necessary, your home inspector for advice. You might renegotiate the price, request repairs, or even consider walking away from the deal if the issues are significant.
10. Emotional Attachment
The Problem: For sellers, saying goodbye to a beloved home can be emotional. This can sometimes lead to last-minute hesitation or reluctance to let go.
The Solution: Remember your reasons for selling and focus on the exciting new chapter ahead. If emotions are overwhelming, consider talking to a trusted friend or family member. Your real estate agent can also provide support and encouragement throughout the process.
Team Pinto: Your Partners in a Smooth Closing (and Much More)
A final walk-through can uncover unexpected challenges, but with Team Pinto by your side, you'll navigate them with confidence. We're experienced in handling these situations and will advocate for your best interests, ensuring a smooth and successful closing.
Whether you're buying your dream Waterloo Region home or selling your cherished KW property, Team Pinto is your trusted Waterloo Region real estate partner. Contact us today, and let's make your next move a stress-free experience!