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The Real Estate Broads of New York

Apr 7, 2022

Imagine this…it’s the day before or the day of the closing and you are so excited! Finally the day is here. You meet your broker at your almost new home for the walk through. To your horror you find a huge leak in the ceiling, or maybe find out a fire broke out above your unit the night before, or you flush the toilet and water is violently expelling out all over the bathroom floor, and the list goes on. These are some things we have witnessed at walk-throughs and inevitably the question comes up which is should I still close? While we are not attorneys today we are going to talk about what happens when major things come up at walkthroughs and give you our 2 cents on what to think about if this happens to you.

When a sale is close to the finish line is when tensions (and expectations) run the highest. You are close to finally getting the key to your new home and you want everything perfect or at least as perfect as when you signed the contract. When issues arise during a walk-through, there is a process for addressing whatever might come up. There are no hard and fast rules for this but depending on the situation will determine whether a closing should be postponed. Remain calm, this is what the walk-through is for.

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