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Closing or Settlement >Walk Through Woes
Buyers can be a little cranky on closing day if things go wrong during the walk-through inspection. For example, the sellers' dependable old dishwasher might stop midway through its cycle and the bathroom sink might clog unexpectedly. These situations can create anxiety for the buyers and sellers, but such problems are quite common and usually simple to resolve.
Most purchase agreements require that the major mechanical systems and the appliances being conveyed are in working order at the time of the closing. Defects are often discovered during the structural inspection, allowing the sellers plenty of time to have the repairs made. Occasionally there are last-minute breakdowns or defects that are not spotted until the walk-through inspection. In that case, an agreement can be made with the sellers at the closing to escrow funds for the repair or replacement of the items in question.
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| Q |
What house is thought to be the first one designed by Frank Lloyd Wright?
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| A |
Charnley House in Chicago, Illinois, is considered to be the first home designed by Wright while at Adler & Sullivan. |
 See More Real Estate Trivia > |
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The Mike Carney Team
Keller Williams Realty
100 Canal Pionte Blvd. Suite 120
Princeton, NJ 08540
Cell: 609-647-8894
Office: 609-987-8889 x 200
Fax: 609-424-0273
Email: mc@mchnj.com
"The Mike Carney Team"
WITH YOU EVERY STEP OF THE WAY!
Recipient of the NJAR Circle of Excellence Award
(2006 through 2009)
Member of the Top Producers Association of Mercer County
 
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