Last updated Aug. 3, 2024 by Okechukwu Nkemdirim
The home-buying process is both exciting and daunting. From house hunting to securing financing, each step is vital. However, one of the most critical stages, often overlooked due to the anticipation surrounding closing day, is the final walk-through. This is the last chance for homebuyers to inspect the property before closing the deal. Therefore, knowing what to look for and the right questions to ask can save you from potential regrets and unforeseen expenses. Here are some top tips to guide you through this crucial process:
1. Schedule Your Walk-Through Close to Closing Date
Timing is everything. Ideally, you should schedule the final walk-through within 24 hours before closing. This minimizes the time for any last-minute damages or changes to occur and ensures the property is still in the condition you agreed upon in the contract.
2. Bring Essential Items
Equip yourself with a checklist of things to inspect, a copy of your contract, your inspection report, a camera or smartphone for documentation, and any agreed-upon repair receipts. Having these tools on hand will help you make a thorough and efficient inspection.
3. Conduct a Thorough Inspection Inside and Out
Exterior:
- Roof and Gutters: Ensure they are intact and free from leaks or damage that wasn’t previously noted.
- Yard: Check for any new hazards like fallen branches or damage to landscaping.
- Driveways and Walkways: Look for cracks or any new issues that may have formed since your last visit.
Interior:
- Walls and Ceilings: Look for new cracks, water stains, or other signs of damage.
- Floors and Carpets: Check for cleanliness and any damages that were not previously there.
- Doors and Windows: Ensure they open, close, and lock correctly.
- Fixtures and Appliances: Turn on and test all appliances and fixtures to ensure they are in working condition as agreed.
4. Test Utilities
Ensure that utilities like water, electricity, gas, heating, and air conditioning are functioning correctly:
- Water: Run the faucets, flush toilets, and check for leaks.
- Electricity: Flip light switches, test outlets, and check the circuit breaker.
- Gas: Make sure that the gas appliances, like the stove and heater, are in working order.
5. Verify Completed Repairs
If the seller agreed to take care of any repairs after the home inspection, now is the time to check them. Compare the repair receipts with the actual work done to ensure it was completed correctly and to your satisfaction.
6. Look for Inclusions
Items such as window treatments, fixtures, or appliances that were included in the sale should still be present in the home. Note anything that is missing or has been swapped out for something different.
7. Inspect for Pests
Ensure there are no signs of pests, both inside and outside the home. Look for droppings, chew marks, or signs of nests. This is crucial as pest infestations can lead to significant structural damage and health risks.
8. Document Issues and Communicate
If you find any problems during your walk-through, document them with photos and detailed notes. Communicate these issues to your real estate agent immediately so they can address them with the seller. Some problems might need to be resolved before the closing can proceed.
9. Don’t Rush
Take your time during the final walk-through. It’s a significant investment, and you want to ensure everything is in order before committing to the purchase.
10. Rely on Your Realtor
Your real estate agent is a valuable resource during this process. They have experience with final walk-throughs and can help identify issues you might overlook. Don’t hesitate to ask for their assistance and advice.
✓ Short Answer
Conduct a final walk-through within 24 hours before closing to ensure the property is in the agreed-upon condition. Equip yourself with a checklist, inspection report, and document issues. Test utilities, verify repairs, and ensure all inclusions are present. Take your time, rely on your realtor, and communicate any problems promptly.
FAQs About The Final Walk-Through
1. What happens if I find a problem during the final walk-through?
If issues are discovered, document them and communicate with your real estate agent. The agent can negotiate with the seller to resolve these issues, which might include repairs, credits, or delaying the closing until the problem is fixed.
2. Can I skip the final walk-through?
While it’s not legally required, skipping the final walk-through is highly discouraged. It’s your last chance to ensure everything is as agreed upon and to address any last-minute problems.
3. What should I do if the seller hasn’t moved out?
If the seller has not moved out or the home is not in the agreed condition, inform your real estate agent. This situation often requires a renegotiation or delay in closing.
4. Can I bring someone else to the final walk-through?
Absolutely, it can be helpful to bring someone like a contractor or a trusted friend for an extra set of eyes and additional expertise.
5. How long does a final walk-through take?
The duration can vary, but typically a thorough walk-through can take between 30 minutes to an hour.
6. What if I find a major issue that can’t be fixed immediately?
Discuss major issues with your real estate agent. You may need to negotiate a solution such as a price reduction, having the repair costs escrowed, or even postponing the closing until the issue is resolved.
Conclusion
The final walk-through is an essential step in the home-buying process that can prevent costly mistakes and ensure peace of mind. By following these tips and being thorough in your inspection, you can step into your new home with confidence.
