By Mel Dorman, September 1, 2020
You’ve almost made it to closing. You’re exhausted and can’t believe you’ve almost made it to the finish line. But there is one last, seemingly minor, thing: the final walk-through. Is it a big deal? The seller seemed so nice and, you think, “I’m sure everything is in order.” Is it worth your time to walk through the home one last time?
The final walk-through, while tedious, is crucial for several reasons. Firstly, it helps to wrap up the transaction and remind your clients that you have been there until the bitter end. Secondly, it protects you from finding out too late that something was awry, such as a hole in the wall from the seller moving furniture out, a missing appliance, or junk left in the garage. Finding these things after closing would be not only devastating to your clients, but you’d likely be stuck without a good solution since it would be too late to have the seller correct them. Your only option would be formal mediation or legal proceedings. Spare yourself the stress, do the right thing, and walk through the home before closing with your clients! Lastly, if your clients are practising “social distancing,” you can do a video tour or send photos of any finished repairs, appliances, and landscaping.
One buyer closed on a home recently and found that the knob on the dryer had been switched out with a knob from the oven! These things are easy to miss during the walk-through, so be attentive and you won’t regret it.
Mel Dorman
Broker | OR & WA
She/They
Ten years ago, Melissa was living in a slum in Kolkata, India, helping over 200 women escape sex trafficking by providing alternative work at a social business.
It was there she discovered her passion for financial education as a means of empowering people to move out of poverty. After graduating from UCLA with a Masters, Melissa spent 5 years working as a Social Worker; assisting clients facing homelessness, in jail, or at a psychiatric facility.
As much as she loved the work, imagining saving for retirement on the meager salary of a social worker was becoming grim. That's when Melissa discovered "passive income." In no time, she fell in LOVE with real estate as a vehicle for wealth. Soon after, Melissa began locating off-market multi-family properties to purchase through creative financing strategies and win-win opportunities. Two years into investing, Melissa quit her day job as a Social Worker to become a full-time broker and investor. Initially, she was drawn to people in difficult circumstances, so she developed extensive experience assisting families facing foreclosure, short sales, and probate. Melissa is well versed in helping her clients overcome complex real estate challenges.
Currently, Melissa is teamed up with Super Broker, Yascha Noonberg at Living Room Realty. Together they assist clients to achieve their real estate dreams, including how to strategically buy and sell a personal residence to maximize profits. Far from the slums of Kolkata, her greatest passion now is empowering other working professionals to develop passive forms of income through buying multi-family properties in Portland.
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- T: 503-567-4697
- melissa@livingroomre.com