by Reward Realty
on Tuesday, October 17th, 2017 at 5:31pm.
The sellers of a property are required to maintain the condition of the home through close of escrow. In order to properly ensure that the condition has not changed between offer acceptance and closing, the Agent Visual Inspection Disclosure or AVID is used to document any visual flaws. This inspection is performed by each party's agent and is not meant to find issue within the home, but to document what flaws were present at the time of acceptance. The AVID may be used during the final walk through inspection as a guide for any noticeable damage at the home
When will my agent complete their AVID?
Personally, I prefer to complete my AVID at a home inspection and with the buyer/seller of the home. For listings, the AVID is a part of the disclosure package that I prepare before your home goes on the market. This gives us the time to go through each room and be as thorough as possible. If my buyer has opted to not conduct a home inspection, then I will either visit the property on my owner set up a time for us to visit the property together.
What happens is damage occurs during escrow?
It is the seller's responsibility to restore the home to the condition it was in when the offer was accepted. It is the seller's responsibility to communicate any new damages to the buyer in a timely fashion.
If damage does occur during escrow, how does that affect closing?
The condition of the home is verified during the final walk through inspection. The final walk through is not a condition for closing, so anything found during the walk through is also not a reason to hold up closing. As previously mentioned, it is the sellers responsibility to maintain the condition during escrow, so any changes should be documented and will be addressed for repair as soon as possible. If sellers refuse to make repairs, mediation may be necessary.