Page 15 - Training Manual Port City Realty Updated
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they’re purchasing the property on behalf of a trust. If so, they need to talk with the escrow officer about which trust documents will be required from them.
19. Walkthrough
The final walkthrough is a crucial step to ensure that any repairs promised by
the seller have been made and that the property is essentially in the same condition (with the exception of those repairs) it was when buyers made their offer.
This is not the time to try to extract additional concessions 20. Warranty
Regardless of how glowing inspections are, something always goes wrong with an appliance or system in the first year after a purchase. Having a warranty to cover such unforeseeable events benefits buyers and sellers — and their agents — alike.
In addition to their obvious benefits, home warranties can immunize sellers from accusations that they “must have known” about some defect the new buyer faces soon after close. The old adage “forewarned is forearmed” has never been more relevant than when a property is sold.
Just as home warranties are an ideal way to deter drama, getting clients familiar with all these terms as their deal progresses is the best way to avoid seller or buyer meltdowns.
And who doesn’t want that?
