If you are a home buyer here in the L.A. area, you will conduct a walk-through a few days before the transaction closes. Your realtor will be there with you, along with (maybe) the listing agent and the seller. Unlike much of the real estate transaction, walk-throughs can be enjoyable, educational experiences.
The walk-through’s purpose is to check to make sure all agreed-upon repairs have been done and that the home has not become a squat or crack den. Kidding. Sort of. Per the contract language, the walk through ensures that the property is maintained per the agreements and that the seller has complied with all obligations.
Contractually, neither the buyer nor seller can hold up closing based on the walk-through findings.
The walk-through is also a good time for the buyer and seller to meet. The seller can also give the buyer an “orientation” as to how things work, who the neighbors are, when the trash is picked up, where keys and manuals will be left, and other small details.
Homes are so much more than just four walls, and emotions can run high at a walk-through. Buyers are usually excited and nervous, and sellers are usually sentimental. It is good for the buyers to get an idea of the home’s past and the people who have lived there. And sellers can have the opportunity to picture the house’s future.
“I fell in love with my home’s buyers at the walk-through,” said seller Laura Lisanti.