At this stage of the home sale process, there will be a flurry of activities, and it is a crucial step towards the end of the road. It's important to ensure that there are no last-minute surprises.
Buyer's Guide to the Final Walkthrough
Congratulations! You're nearing the final stages of purchasing your new home. The final walkthrough is a crucial step, allowing you to verify the property's condition before closing.
What is the final walkthrough?
The final walkthrough is a pre-closing inspection you conduct, typically with your real estate agent, to ensure the property is in the same condition as agreed upon in the contract. This is your last chance to identify any issues before finalizing the purchase.
When does it occur?
The walkthrough typically takes place 1-2 days before closing. However, it's important to schedule a date that works for both you and the seller. Avoid scheduling the walkthrough too far in advance, as unforeseen issues like water leaks or roof damage could arise in a vacant house.
What to look for:
By following these tips and being prepared, you can ensure a smooth and successful final walkthrough, paving the way for a happy and comfortable life in your new home.
Congratulations! You're nearing the final stages of purchasing your new home. The final walkthrough is a crucial step, allowing you to verify the property's condition before closing.
What is the final walkthrough?
The final walkthrough is a pre-closing inspection you conduct, typically with your real estate agent, to ensure the property is in the same condition as agreed upon in the contract. This is your last chance to identify any issues before finalizing the purchase.
When does it occur?
The walkthrough typically takes place 1-2 days before closing. However, it's important to schedule a date that works for both you and the seller. Avoid scheduling the walkthrough too far in advance, as unforeseen issues like water leaks or roof damage could arise in a vacant house.
What to look for:
- Cleanliness: Ensure the property is clean and free of debris or personal belongings not agreed upon.
- Repairs: Verify that all agreed-upon repairs have been completed to a satisfactory standard. Check for receipts as proof of work.
- Appliances and systems: Test all appliances, including heating, air conditioning, plumbing, and electrical systems.
- Items included in the sale: Confirm that all agreed-upon items, such as appliances, window treatments, and fixtures, are present and in working order.
- Damage: Look for any new damage that may have occurred since your last visit.
- Utilities: Check if utilities are still connected and functioning properly.
- Prepare a checklist: Having a checklist will help you be thorough and organized during the inspection.
- Take your time: Don't rush through the walkthrough. Take your time to carefully inspect every room and area.
- Bring your agent: Your agent can assist you in identifying potential issues and negotiating any repairs.
- Document everything: Take photos and videos of any problems you find.
- Communicate concerns: If you find any issues, immediately inform your agent and the seller.
- Don't accept major repairs after closing: If you encounter major issues requiring extensive repair work, consider postponing the closing until the problems are resolved.
By following these tips and being prepared, you can ensure a smooth and successful final walkthrough, paving the way for a happy and comfortable life in your new home.
