In a business where guaranties should be viewed skeptically, how can you know for sure that the Buyer’s final walk-thru inspection will be uneventful?
Answer: they waive it. 🙂
At least in my experience, it’s a (very) rare occurrence.
But, it’s usually associated with one (or more) of the following three factors: 1) the home is dated, and the Buyer is planning to do major renovation, post-closing; 2) it’s a quick closing (relatively little time has elapsed between the Buyer’s inspection and their taking title); and 3) the weather locally has been uneventful (no recent hailstorms, tornadoes, or Winter thaw-triggering ice dams).
See also, “Remind Buyer to Do Their Walk-Thru Inspection? Depends Who You’re Representing“; “What if the Seller Isn’t Moved Out Before Closing?“; “Walk-Thru? What’s a Walk-Thru??”; and “Home Buyer’s Final Walk-Through Inspection.”
Plus: “What if the Seller Isn’t Moved Out by Closing?“; “Springing a Leak ” or a Lake(?!?) ” Before Closing“; “Waiting to Do the Walk-Thru Inspection ” or Not Doing it at All”; and “Seller Liability for Ice Dams.”
