The full explanation
If something is wrong, the CFPB recommends contacting the seller right away. Remember that you are not committed until you sign the closing documents.
An example
The day before closing, Alicia and her husband walk through the house. They see that the water heater the seller promised to replace is still the old one. They tell the seller through their agent and wait until it is resolved before signing.
You will see it in…
- The CFPB's pages on getting ready for closing
- Your purchase agreement, which lists the repairs and items you agreed on
- The closing-week schedule your agent gives you