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Final Walk-Through: What To Expect and Know Before Closing

Sunday, February 04, 2024

Primary Blog/Final Walk-Through: What To Expect and Know Before Closing

Final Walk-Through: What To Expect and Know Before Closing

The final walkthrough is an important step in the real estate process. It is a chance for a buyer to view the home one more time before closing on the purchase and taking ownership of their new property. During the walkthrough, you should pay close attention to any changes that have occurred since having the home inspected and most importantly, make sure that all agreed upon repairs have been completed and that all items listed in the purchase agreement are present.

You can always refer to your real estate agent for help reviewing any documents that contain where the seller agreed to repair any problems with the home or items they agreed to let convey with the property. If anything has changed without being addressed in the agreement, it needs to be discussed prior to closing. Once you’ve verified everything looks good, then it’s time to go ahead with signing off on the paperwork and completing your purchase!

What is a final walkthrough?

A final walk-through is an important step in the home-buying process. It is a final inspection of the property that takes place just prior to the closing. The purpose of the final walkthrough is to confirm that the property is in the same condition as it was when the offer was accepted, and to ensure that any agreed-upon repairs have been completed.

The final walk-through is crucial because it is the last opportunity for the buyer to address any concerns or issues with the property before closing. It provides a final chance to identify and address any outstanding repairs or issues that may have arisen since the inspection. The final walk-through also helps to ensure that the seller has vacated the property and left it in a satisfactory condition with no personal property left.

When does a final walkthrough take place?

The final walk-through typically takes place within 24 hours of the closing. This allows ample time to identify and address any issues that arise during the inspection.

The final walk-through is scheduled by the buyer’s real estate agent. The seller is notified in advance of the final walkthrough time and date, but it is important to confirm the time and date  before the scheduled closing day and after the seller has vacated the property.

What should you look for during a final walkthrough?

During the final walkthrough, it is crucial to thoroughly inspect every aspect of the property to ensure everything is in optimal condition and aligns with the agreed-upon terms. This includes carefully examining the electrical and plumbing systems, such as switches, outlets, light switches, faucets, toilets, and HVAC units. It is important to verify that these systems are all in proper working order, with any necessary replacements or repairs completed.

In addition to conducting a thorough inspection of the property's systems, it is equally important to assess the condition of the appliances. This includes checking the functionality of the refrigerator, stove, oven, microwave, heating and air conditioning system, dishwasher, garbage disposal, and washer and dryer. Ensuring that all appliances are in good working condition will provide peace of mind and avoid potential issues down the line.

Taking the time to meticulously evaluate these aspects of the property during the final walkthrough will help guarantee that you are making a sound investment and that any necessary repairs or concerns are addressed before the closing. By doing so, you can enter into your new home or property with confidence and peace of mind.

Fixtures and finishes

In addition to inspecting fixtures like faucets, light fixtures, and ceiling fans to ensure they are in good working order, it's crucial to conduct a thorough examination of the home's interior during the final walkthrough. Pay close attention to the walls, ceilings, and floors for any signs of damage or defects that might have arisen during the seller's move-out process. This includes looking for new scratches, dents, or holes that were not previously noted.

Furthermore, the exterior of the property warrants a careful review as well. This involves assessing the condition of the yard and landscaping to ensure they have been maintained according to the agreement and that no new issues have surfaced. Outdoor structures, such as sheds, garages, or fencing, should be inspected for structural integrity and condition. This comprehensive approach ensures that every aspect of the property meets your expectations before finalizing the purchase.

What should you bring with you to a final walkthrough?

To streamline the final walkthrough and ensure no detail is overlooked, it's beneficial to come prepared with a comprehensive checklist that encapsulates all previously mentioned items. Bringing along your home inspection report is also advisable, as it can serve as a reference for comparing the current state of the property to its condition at the time of inspection.

Additionally, coordinating with your agent to confirm that all utilities remain active is crucial for a thorough review. Having all pertinent documentation on hand, including the purchase contract, documented repair requests, and any other relevant paperwork, is key. This preparation facilitates a seamless verification process, confirming that all agreed-upon repairs have been executed and that the property's condition aligns with the terms set forth in the purchase agreement.

How can you maximize your final walk-through experience?

Clear and open communication with the seller can greatly enhance your final walkthrough experience. Discuss any concerns or issues beforehand, and ask for clarification if needed. Make sure to confirm any agreed-upon repairs or changes have been completed before the final walkthrough is scheduled

Paying attention to even the smallest details during the final walkthrough can prevent any surprises later on. Check all appliances, lights, and fixtures to ensure they are in working order. Inspect walls, floors, and ceilings for any damage or signs of wear and tear. Don’t be afraid to take your time and inspect everything thoroughly.

If you discover any issues during the final walkthrough, don’t hesitate to have your agent reach out to the seller to address them quickly.

Although the final walkthrough is important, it cannot replace a professional home inspection. Consider hiring a professional inspector to ensure that all major systems are functioning properly, and there are no hidden defects in the property.

Final tips and recommendations:

After the final walkthrough, make sure to have your agent follow up with the seller regarding any unresolved issues. Confirm that they have been addressed before finalizing the home purchase. Keep a record of all communications and agreements in writing.

As a potential buyer, you also have responsibilities after the final walkthrough. Ensure that your financing is complete, you have received a clear to close from your lender, and that you have all transferred all required funds to the title company before the closing date. 

In conclusion, the final walkthrough is a crucial step in any real estate transaction. By following the above tips, you can maximize your experience and avoid any unwanted surprises. Don’t hesitate to ask for professional help or negotiate if needed, and always be diligent and thorough in your inspections.

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Hi, I Am Kristi Metcalf

Realtor in Austin, TX

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