Contracts
Vermont's 'walk-through provision' in a purchase agreement typically gives the buyer the right to:
ARenegotiate the entire contract
BConduct a final inspection 24-48 hours before closing to verify the property's condition✓ Correct
CMove personal property into the home before closing
DDemand additional repairs discovered at closing
Explanation
A walk-through provision gives the buyer the right to conduct a final inspection shortly before closing to confirm the property is in the agreed condition, negotiated repairs have been completed, and no new damage has occurred.
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Key Terms to Know
Purchase Agreement
A legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
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