What Happens During the Final Walk-Through?
Final Walk-Through: Essential Steps
Discover the crucial steps of a final walk-through before closing on your new home. Ensure your investment is protected with expert guidance.
The final walk-through is a critical milestone in the home-buying process, and it's the last chance for both buyers and sellers to ensure everything is in order before the deal is sealed. In this blog post, we'll take you through what happens during the final walk-through and why it's a crucial step in the journey to homeownership.
The Purpose of the Final Walk-Through
The final walk-through typically occurs a few days before the closing day. Its primary purpose is to allow the buyer to:
1. Confirm Repairs: If the seller agrees to make repairs as part of the negotiations, the walk-through ensures that these repairs have been completed satisfactorily.
2. Check for Damage: Buyers can inspect the property to ensure it's in the same condition as when they made their offer. It's a chance to look for any unexpected damage or issues that may have arisen since the last visit.
3. Verify Inclusions: The walk-through allows buyers to ensure that any items included in the sale, such as appliances or fixtures, are still present and in working order.
What to Expect During the Final Walk-Through
Here's a step-by-step guide to what typically happens during the final walk-through:
1. Schedule the Walk-Through: Coordinate with your real estate agent to schedule the walk-through at a convenient time for both parties.
2. Bring Your Contract: Have a copy of your purchase agreement on hand to reference the terms and conditions of the sale.
3. Inspect the Property: Walk through the entire property, inside and out, with your real estate agent. Pay close attention to the areas of concern mentioned earlier.
4. Test Appliances and Systems: Check that all appliances, plumbing fixtures, electrical, and HVAC systems are working correctly.
5. Check for Personal Items: Ensure that the seller has removed all personal belongings and that any agreed-upon inclusions are still present.
6. Document Issues: If you notice any discrepancies or problems, document them and discuss them with your real estate agent. Depending on the severity of the issues, you may need to negotiate with the seller for resolution.
The Final Walk-Through: Protecting Your Investment
The final walk-through is your last opportunity to ensure that you're getting what you've agreed to in the contract and that the property is in the expected condition. It's essential to protect your investment and avoid surprises after closing.
If you're in the process of buying a home or have questions about real estate, don't hesitate to reach out to us. Call or text us at 916-659-5747, and our experienced team will provide expert guidance throughout the buying journey.