I sold a builder spec home to a client of mine a few months ago and it occurred to me that many people have never gone through this process before. As a former home builder I know that dealing with deficiencies is common place when custom building homes for clients. However when someone is buying a new spec home through a builder they may not be aware of how to deal with deficiencies. I like to write into the purchase contract that the builder and client will have a walkthrough prior to possession to jointly identify any building deficiencies that need to be addressed. These can then all be documented and signed by both the builder and the buyer that they will be rectified. I like to do the walkthroughs with my clients as I have the experience to both notice what needs to be addressed as well as identify those items which are within the acceptable tolerance level. As a result I can play an effective role as a mediator while ensuring my client’s needs are being addressed. An example of this is in the picture to the left. During my review I noticed a piece of finish trim was missing on the shower valve creating a void where water could enter the wall system and cause significant damage. This was brought to the builder’s attention and promptly addressed. In many cases deficiencies are addressed prior to closing requiring another walk through to confirm. However in some cases it may not be possible to address them prior to possession. In these cases the lawyers can holdback a portion of the funds to ensure the builder comes back to rectify.