Joel DyckReal Broker SK Ltd.
Saskatoon · From the topic map

What happens if I find a problem at the final walk-through?

Finding a problem at the final walk-through does not cancel the deal on its own, it triggers a fast negotiation between the lawyers, usually resolved with a holdback from the sale proceeds so possession still happens on schedule while the fix or the cost gets sorted out.

Your lawyer, regulated through the Law Society of Saskatchewan, contacts the seller's lawyer immediately with the specific issue, whether that is a missing fixture, new damage or an unfinished repair the seller had agreed to complete before possession.

A holdback, an agreed dollar amount kept in trust until the problem is fixed or credited, is the most common outcome, and it is usually a fraction of the standard $800 to $1,500 in legal fees already budgeted for the file, not a reason to delay closing.

The goal on both sides is almost always to still close on the scheduled possession day, since delaying it costs both parties more than a documented holdback ever would. Get your hand-reviewed valuation from Joel Dyck.

Get your hand-reviewed valuation from Joel Dyck.

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