What is verified during a pre-closing inspection concerning personal property?

During a pre-closing inspection, the focus is primarily on confirming whether the personal property that is specified in the contract is present at the time of closing. This step ensures that both parties – the buyer and seller – are adhering to the terms stipulated in the purchase agreement. It is essential for the buyer to verify that all items that were promised to remain with the property, such as appliances, fixtures, or other personal belongings, are actually available for transfer.

The significance of this inspection lies in preventing any disputes or misunderstandings that may arise if items are missing or if the condition of those items is not acceptable. Therefore, confirming the presence of personal property helps guarantee a smooth transition of ownership and ensures that the buyer receives everything that was agreed upon in the contract.