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The Sammy Shrimali Team
Sammy Shrimali Remax Aacer Realty
The East Bay Remax Realty
2843 Hopyard #194
Pleasanton, CA 94566

Each office is independently owned & operated

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925-215-9595
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Serving
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Alamo
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Ruby Hill MLS

Ruby Hill MLs

Is a final walk through, an inspection of the Ruby Hill MLs property by the buyer before they move in
-- really important?
Yes, it is. The intent of a pre-closing inspection is to give the buyer one last opportunity to verify Ruby Hill MLs that they are getting all that was promised in the sales contract. Although buyers still have legal recourse if they discover-even after closing-that the condition of the Ruby Hill MLs home is not as it should be.

The best time to identify problems is before closing, when the seller will be motivated to correct any deficiencies in order to close the transaction.
Typically, a buyer takes possession of a Ruby Hill MLs property one to three months after signing the sales agreement. But, a lot can happen before the actual move-in. Appliances and fixtures can break down, and walls, carpets and doors can be damaged during the seller's move-out. Sometimes the seller will simply have forgotten that he or she had agreed to leave the refrigerator or window coverings with the house. Whatever the reason, problems identified before closing have the best chance of being remedied.
If possible, schedule the inspection right before the closing, such as the day before. Ask your real estate agent to attend the inspection with you. What should you be inspecting? Using a copy of the Ruby Hill MLs sales contract as a checklist, first make sure that all items that should be in place (appliances, built-in furniture, window coverings, fixtures, etc.) are there.
Test each appliance to make sure they work properly. Test all electrical switches and the garage door opener, if there is one. Run the garbage disposal and turn on every water faucet, checking under the sinks for leaks. Flush the toilets. Inspect the floors, carpets, walls and doors for recent damage.
If you discover that something is damaged or missing, make a note of it and inform your agent immediately.

In most cases, the Ruby Hill MLs seller is usually able to take care of small problems immediately, either by making a needed repair or offering compensation to handle it. And, if there are major problems the seller can even sign a statement acknowledging the deficiency and agree to correct it. Although pre-closing inspections take time and may be inconvenient, they are important and well worth the buyer's time.

What are Ruby Hill MLs "contingencies" and why are they important?
A "contingency," is an escape-clause that is added in-writing to a contract which allows a buyer to back out of the transaction if certain conditions aren't met.
Some contingencies, often called `riders'-like attorney approval of the contract, or the passing of a home inspection-are obviously designed to protect buyers from a poorly written contract or a defective home.
Other purchase contingencies may hinge on the buyer's current living situation, or his or her cash-flow. For example, when it comes to contingencies many first-time buyers can be better prospects for a seller's home than move-up buyers. Why? Because offers from homeowners usually are contingent upon the sale of their present home. And, even if a move-up buyer has an offer for their home in-hand, their buyer's Ruby Hill MLs offer may be contingent on another contingency (or sale) and so on down the line. If one transaction in the chain falls through, they all might.
Cash offers can also be more attractive to sellers.

Why?
After all, the seller will get their money at Ruby Hill MLs closing whether or not the buyer has cash
or takes out a loan.
True, but cash offers don't require lender approval, and loan approval is never a certainty and may delay or prevent closing. (Incidentally, for this reason, buyers who get pre-qualified for a loan have an edge over other buyers. A pre-qualified buyer is the same as a cash buyer.)
Buyers offering a larger-than-customary amount of "earnest money", (a deposit that accompanies an offer) can be more appealing too. More money deposited with the signed contract often demonstrates greater sincerity and motivation to close the transaction.