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Step 9: Final Walk-Through

Objective: Conduct a final inspection of the property before closing to ensure everything is in the agreed-upon condition and no new issues have arisen.

Purpose of the Final Walk-Through

  1. Verification: Confirm that the property is in the condition you expect, as per the terms of the sale agreement.
  2. Check Repairs: Ensure any repairs agreed upon after the home inspection or negotiations have been completed satisfactorily.
  3. Last-Minute Issues: Identify any new issues that may have arisen since your last visit.

Preparing for the Walk-Through

  1. Schedule Appropriately: The final walk-through typically occurs 24-48 hours before the closing. Schedule it close enough to the closing to ensure the property’s condition hasn’t changed.
  2. Bring Documentation: Have a copy of your contract, home inspection summary, and any repair documents to refer to during the walk-through.
  3. Plan for Enough Time: Allocate sufficient time to thoroughly inspect the property without rushing.

During the Walk-Through

  1. Inspect Thoroughly: Check all rooms, closets, outdoor spaces, and any other areas included in the sale.
  2. Test Appliances and Systems: Verify that all appliances, HVAC systems, and fixtures are working as expected.
  3. Review Repairs: Cross-reference any completed repairs with the documentation provided by the seller.
  4. Look for Left-Behind Items: Ensure the seller hasn’t left any unwanted items and has removed all personal property, unless otherwise agreed.

Addressing Issues Discovered in the Walk-Through

  1. Minor Issues: If you find minor issues, you can request that they be resolved before closing or negotiate for a credit.
  2. Major Issues: Significant problems may require delaying the closing until they are resolved. Consult with your realtor and attorney on the best course of action.
  3. Documentation: Document any issues with photos and detailed notes, and communicate them through your realtor to the seller’s agent or attorney.

Finalizing the Walk-Through

  1. Sign-Off: Once you’re satisfied with the condition of the property, you’ll typically sign a form indicating that the walk-through is complete and you’re ready to proceed to closing.
  2. Consult Your Realtor: Your realtor can provide advice on how to handle any unexpected situations during the walk-through.

Emotional and Practical Considerations

  • Emotional Attachment: While it’s exciting to be close to owning the home, maintain an objective perspective to ensure all conditions are met.
  • Practical Mindset: View the walk-through as a final check to protect your investment, rather than just a formality.

Conclusion

The final walk-through is an essential step in the home-buying process, providing you with one last opportunity to ensure the property you're about to purchase is in the expected condition. Approach it with a detailed eye and don’t hesitate to address any issues, no matter how small, to ensure your new home is exactly as you anticipate on closing day.