Congratulations! You are ready to settle on your new home. JS Realty has guided you through the entire home buying process and now it is time to complete the final steps. The last step in the process is to perform a final walk-through of the home you are buying – a very important step indeed!
JS Realty will coordinate with you – our Buyer – and the listing Agent a time to perform the final walk-through that works for both you and the Seller.
NEW LENDING RULES that go into effect on August 1 state that no changes can be made to the settlement statement within 3-4 days before settlement. This is going to require us to perform 2 walk-throughs. The first walk-through will be performed one week before your settlement day to ensure all home inspection items have been remedied and all components of the home are in working order. On the day of settlement, or the night before, your JS Realty Agent will do another walk through the home to make sure nothing has changed with the condition of the home.
The following will be addressed during the initial walk through:
Condition – we will making sure the home is turned over in the same condition as it was when we decided to write an offer.
Home Inspection – this is the time we ensure all home inspection items have been resolved satisfactorily.
Appliances – we will enter the home with our Buyer and physically run all of the components of the home, from running the dishwasher and washer/dryer through a full cycle, to testing all the sinks, toilets and faucets. We are looking for any new leaks or any issues that may need addressing before settlement.
While we are performing the walk-through, your JS Realty Agent will be checking off all items on the home inspection list that the Seller agreed to remedy. One by one we make sure those issues are taken care of, and when applicable, have a written and paid receipt from the contractor that performed the work.
Also at this time, your JS Realty Agent will review with you the regular maintenance items – such as where your furnace filters go, and where your outside water spigot shut off valves are located. The main water valve that shuts off water to the entire home is another component that all Buyers need to be aware of in case of a leak in the home.
If there are unresolved issues stemming from the walk-through, your JS Realty Agent will contact the listing Agent and work to resolve the issues. Once we are satisfied that the home is in the proper condition, we will have you sign off on the walk-through.
The next time you walk into the home, it will be YOURS! And we don’t want any surprises for that joyous occasion.
If you have any questions concerning the home buying and selling process, or you would like a no obligation consultation, contact us today!
The JS Realty Team – not only serving Brambleton, serving all of Northern Virginia.
loan such as an FHA or VA? Conventional loans tend to have less stringent home inspection and appraisal requirements.
inspections and any other inspections to as short as possible. The job of your Real Estate Agent is to get all of the contingencies in the contract released as soon as possible. Appraisal & financing contingencies are difficult to shorten too much, because you are relying on 3rd parties to do their job, so therefore you have less control.
inspection. At the same time as the home inspection, we will schedule any other inspections we deem necessary. We will meet our buyer and Inspector at the home for the inspection. After a thorough inspection, the Inspector will provide us with a full report of the good features as well as areas of concern about the home. We will review this report with our buyer and decide which items we will ask the seller to fix. If there are major concerns that make the buyer too uneasy about the home then we will void the contract and search for other homes. If the buyer and seller agree to the home inspection terms, then we will move on to the next step. As long as we are comfortable with the inspections, we will proceed.
read the disclosure packet and by Virginia law if they are not content with the rules and finances of the community, the buyer can void the contract.
possible about what our buyer is looking for in a home. Every buyer has different needs and we want to tailor their search to those desires. Discussing the buyers comfort price, ideal location, school systems, and housing concerns (number of bedrooms/baths, garage, yard size, etc.) are just the beginning of what we cover during our initial consultation. After that, we follow a few key steps to getting our buyer into their new home:
through Listingbook which will allow them to search in real time, on their own, through the same MLS system that Realtors use.
paperwork, the negotiating begins. This is where our experience of selling over $200 million in Real Estate transactions enables us to negotiate the best deal possible for our clients. If buyer and seller agree to all terms of the contract, we are ratified!
In this 2-part series, we’re walking you through everything to consider when reviewing an offer to purchase your home for a successful and smooth transaction. If you missed PART 1, you can find it 
you need to give them time. Financing is typically 3-4 weeks and it is the weakest of the contingencies. The buyer has control over the home inspection and HOA disclosure contingencies; however they do not have as much control over the appraisal and financing. That is why we want the Home Inspection completed and HOA documents reviewed as early on in the process as possible.