The Importance of Final Walkthrough Before Closing on a Home
Buying a home is an exciting journey. However, before closing, it’s crucial to understand the importance of a final walkthrough. This essential step helps ensure the home is in the agreed-upon condition before you officially own it.
A final walkthrough happens shortly before closing. It allows buyers to inspect the property one last time. The goal is to confirm that the home is in the same condition as when the offer was accepted. Additionally, it ensures that any agreed-upon repairs have been completed.
Why is the Final Walkthrough Important?
Skipping the final walkthrough can lead to unexpected issues, by taking the time to do this, buyers can:
• Ensure repairs were made.
• Check for any new damage.
• Confirm that all agreed-upon items are in place.
These checks help prevent surprises on closing day. For instance, you might find that the seller took an appliance that was supposed to stay. Or, perhaps new damage occurred during the move-out process. A final walkthrough gives you the opportunity to address these issues before closing.
Things to Look for During a Final Walkthrough
To make the most of the final walkthrough, it’s important to know what to check. Here are some key areas to focus on:
• Repairs: Confirm that any repairs the seller agreed to have been completed.
• Appliances: Make sure all included appliances are present and functioning.
• Lights and Fixtures: Check that all lights, outlets, and fixtures are working.
• Plumbing: Run the water to check for leaks and ensure drains are clear.
• Heating and Cooling Systems: Test the HVAC system to confirm it’s working.
• Walls and Floors: Look for any new damage or wear.
• Windows and Doors: Ensure they open, close, and lock properly.
• Cleanliness: The home should be in broom-clean condition.
If you find a problem during the final walkthrough, don’t panic, there are steps you can take:
- Document the Issue: Take photos or videos of the problem.
- Notify Your Agent: Let your real estate agent know immediately. A good, hardworking Real Estate Agent will get involved immediately to help resolve any issues.
- Discuss Options: Work with your agent to decide the best course of action. This might involve asking the seller to fix the issue or requesting a credit at closing.
It’s important to address these problems before closing. Once the sale is final, it can be much harder to resolve them. - When Should the Final Walkthrough Occur?
- The final walkthrough typically occurs within 24 to 48 hours before closing. This timing allows you to inspect the property while giving enough time to address any issues. However, the exact timing can vary based on the agreement between the buyer and seller.
Final Thoughts on the Importance of Final Walkthrough
In conclusion, the importance of a final walkthrough cannot be overstated. It’s a key step in the home-buying process that helps ensure everything is as it should be before you close. Taking the time to carefully inspect the property, can prevent potential problems and move forward with confidence.
By understanding the importance of a final walkthrough, you can protect your investment and ensure your new home is truly ready for you.
This blog covers the essential aspects of a final walkthrough. By following these tips, buyers can feel more secure in their decision and avoid unpleasant surprises on closing day.