Do not close until you have had one more walk
through of the property and home. You need to find out the current
condition of the property, that is essential. Has anything
changed? If everything looking as good as it did when you
saw it last? If you can try to do a final walk through before
closing but if you cannot just make sure you do not close until you
do. You will need to check everything that you and the seller have
talked about in the past, the things that they had said they would
fix or get rid of. What do you do if that old junker car is still
there in the corner of the year? DO you make them get rid of it or
just leave things be? Are you supposed to hold up closing until they
do something about it?
While holding up the closing until they take
care of things may be tempting it may not
be your
most practical or smart choice. If interest rates have been locked
in and it could be expiring on that day, since it is the day of
closing. This could make the option of holding things up very
unattractive, there would be new redrawing fees for new loan papers
and the entire loan negotiation will have to begin again. Another
reason this is not a good idea is that the seller may need this
money in order to get their new home, if you delay this sale that
sale will be delayed as well and it could be put in jeopardy. Your
best bet is to talk about it and try to compromise at closing time.
Work together in order to make sure that everyone walks away from
the table satisfied and happy.
Closing can be quick and easy
or it can be slow and painful. You need to keep your temper and
practice the utmost patience, no matter how much the other party may
be annoying you. The angrier you all get the less chance you have of
coming to a decent compromise. It is a good idea to go into the
closing with a list of what you are disputing. Do not get
accusatory, just lay it out for them one by one. Pick your battles,
which items on the list are the highest priority? See what they are
willing to give and meet them in the middle, that is the best way to
get things handles and over with.
The seller can always place
money in escrow to be held until the items discussed have been dealt
with. At that time the money will be released to the buyer.
Compromising is essential to quick
closing.