Your Final Walk-Through for Real Estate

Purchasing real estate is a significant investment, and the final walk-through is a crucial step before closing the deal. This final inspection allows the buyer to ensure that the property is in the agreed-upon condition and that any repairs or negotiated changes have been completed. In this article, we will provide you with a comprehensive guide for your final walk-through, ensuring a smooth and successful real estate transaction.

Coordinate with your real estate agent or the seller’s representative to schedule the final walk-through. It is typically done a day or two before the closing date to ensure that any issues discovered can be addressed promptly.

Before the walk-through, gather all relevant documents, including the purchase agreement, inspection reports, repair receipts, and any other pertinent records. These documents will serve as references during the inspection.

Create a checklist of items to review during the walk-through. This list may include major appliances, plumbing fixtures, electrical outlets, doors, windows, flooring, and any other elements specific to the property. Having a checklist will help ensure that you cover all essential aspects of the property and don’t overlook any details.

If there were repairs or negotiated changes agreed upon after the initial inspection, verify that they have been completed to your satisfaction. Check that any faulty systems or items have been fixed and that the agreed-upon modifications or improvements have been made. Don’t hesitate to test appliances, lights, faucets, and other features to ensure they are in proper working order.

Thoroughly inspect the property to ensure it is in the agreed-upon condition. Look for any new damages, leaks, or signs of wear and tear that may have occurred since your last visit. Check the walls, ceilings, floors, and other surfaces for any visible issues. Test all doors and windows to ensure they open, close, and lock properly.

During the final walk-through, turn on faucets, flush toilets, and check the water pressure. Test the heating and cooling systems to ensure they are functioning correctly. If possible, run the dishwasher, washer, and dryer to confirm they are in working order. Don’t forget to inspect the electrical outlets by plugging in a device to ensure they are operational.

Don’t overlook the exterior of the property. Walk around the perimeter to check for any signs of damage, such as cracks in the foundation, loose gutters, or damaged siding. Inspect the landscaping, including the lawn, plants, and irrigation system, if applicable. If the property includes a garage or outbuildings, inspect them for any issues as well.

Take photos or videos during the walk-through to document any issues or concerns you discover. This visual evidence can be valuable in case any disputes arise later. Make detailed notes about any repairs or unresolved issues that need to be addressed before closing.

If you identify any problems or discrepancies during the walk-through, promptly communicate your concerns to the seller or their representative. Depending on the nature of the issues, you may need to negotiate further repairs or adjustments to the sale terms. Open and clear communication is key to resolving any outstanding matters before closing.

Before the walk-through, review the Closing Disclosure provided by your lender. Ensure that the agreed-upon repairs or credits are reflected accurately. If there are any discrepancies, notify your lender and the appropriate parties to rectify the situation promptly.

The final walk-through is your last opportunity to ensure that the property you are purchasing meets your expectations and the terms of the purchase agreement. By following this comprehensive guide, you can conduct a thorough final walk-through and address any concerns before closing the deal.

By, Staff writer