Closing day is so exciting for home buyers – it’s THE day! And it’s definitely a disappointment if something goes wrong. Toronto Real Estate Lawyer Mark Weisleder recently wrote an excellent column in the Toronto Star detailing five different things that could go wrong on closing day. The best thing to do is stay calm and try to visit the home once or twice before closing day, as these final visits are quite vital for ensuring everything goes smoothly on closing day.
Things not as advertised: Weisleder brings up a case where the sellers promoted a home with large trees that provided the home with privacy, but upon moving out allowed their neighbor to trim the trees on their side of the fence without telling the buyers, who noticed it just before closing. Their privacy was gone. The buyers were able to plant new trees, with the seller footing the bill.
Things not working: It can be tremendously frustrating if you’re buying during the hottest days of the year or the coldest days of the year to find that the air conditioning or heating isn’t working properly just before closing. In this case, the buyer can obtain an estimate to fix the issue and the seller can either pay to fix it themselves or offer the buyer a credit for that amount.
Missing keys: This is a common one, and it can really put a dent in your moving day! Sometimes, the seller will leave a key for the buyer while the rest of the keys are inside the house, except they mistakenly locked both locks on the front door. If this happens, the buyer may need to call a locksmith and pass that cost onto the seller.
To read the rest of this article, visit the Toronto Star here.