Thursday, May 16, 2013

What is a Final Walk Through and When Should You Do It?

A final walk through is a buyer's option stipulated in your sales contract.    It means you get to go back into the property the morning of, or a few days prior to,  closing to be sure that what you are buying is what you are getting.    

For example, let's say you negotiated with the seller that he would keep the chandelier in place as part of the sales contract.   What might occur if you close on the property, take the keys, and then go to your new home with a missing chandelier?  You would not be too happy.

Several years ago, before I was a licensed agent, my husband and I bought a home from an estate.   The house was vacant with just some odds and ends laying around, and so we did not feel compelled to do a walk through.  What a mistake.  The home was a cape cod style with eves upstairs for storage.  In those eves, post closing, I found about two hundred hangers and garbage.  I had to clean it.

Also consider this.   The plants and trees in the ground, at the time you signed the contract, are part of the real estate.   There have been instances when the sellers cut trees down or took bushes with them prior to closing.   In one case of which I am aware, a seller cut down two beautiful trees that adorned the sides of the front driveway leading to the home.  The buyer loved the trees.   After closing, the buyers discovered the trees were gone.   In this case, the seller had to make restitution because the buyer took him to court.   He could not replant the trees, but he did have to reimburse the buyer several thousands dollars for their value. 

Most often, everything is fine during a walk through and it's a formality, but why take that chance?  This is likely the largest purchase you will make.  Conducting a walk through is your right - so take it, and be sure you are getting what you agreed to buy.

Annmarie Cristiani
REMAX Traditions Real Estate
201-815-7861
 

Thursday, May 9, 2013

Looking for landlords in Mahwah , Society Hill, and area

RENTED!!!!   

Rentals are really hot right now.  I have a unit listed at Society Hill in Mahwah that is in the process of having a lease signed, for $1425, and I have a line of renters out the door ready to take this tenants place.  If you are a condominium/ townhouse owner and are considering renting your place in the Mahwah area, please let me know.  

  • I have a renter who is a business professional, living in a hotel who will pay 6 months rent in advance and move in within a few days.
  • I have three separate renters who can move in June 1st.
  • I have a line of real estate agents with renters who seek the same.

Remember, if you are a landlord, you typically do not pay anything to have your place rented.  The commission is typically paid by the tenant. You have nothing to lose and everything to gain by getting a qualified tenant in your place as soon as possible.

Annmarie Cristiani
Sales Associate
201-815-7861 cell
annmarie.cristiani@gmail.com