You’ve found the perfect home, and closing is right around the corner. But your real estate agent still recommends one final step. A final walk through in your new home is that step. You may be asking yourself, “What should I look for on a final walk through when buying a house?” Don’t worry, we have you covered. Let’s start at the beginning.
What is a Final Walk Through?
Although a final walk through is not necessary and not all buyers choose to perform one with their real estate agent, it is highly recommended. You should do a final walk through 24-48 hours prior to your closing date, as it’s the last crucial step before closing. And here it is. Essentially, a final walk through consists of the buyer and their agent walking through the newly purchased home to ensure inspection items have been completed, the home is in the same condition as it was during the first viewing, and to uphold the terms of the contract.
Why Do I need a Final Walk Through?
You should always set-up a final walk through. The first reason is to ensure the seller has completed all inspection resolution items. When the buyer and seller decide which items the seller will repair that were found during inspection, that’s called an inspection resolution. Prior to your final walk through, your agent should have all receipts from the listing agent proving the inspection items have been completed. Your agent will guide you through the next steps to ensure the inspection resolution document is upheld, if it wasn’t completed.
Secondly, ensure your home is in the same condition as when you first saw it. As unfortunate as it is, some accidents can occur while sellers are moving out of the home. Complete the final walk through after the sellers move out, just in case any damage is done during the move. And resolve any issues prior to closing, if there was damage to the home. You need to resolve these issues prior to closing to ensure you do not get stuck with the bill when repairs are made. Lastly, the final walk through ensures that all the terms of your contract have been met. For example, if the buyer and seller agree to leave some furniture in the home, the buyer will want to make sure that furniture has still been left in the house before signing the closing documents on closing day.
Who Should be at the Final Walk Through?
We also recommend the seller be present for the final walk through if possible. They know the ins and outs of the home and can answer any questions the buyer may have. It’s a good idea in general for buyers and sellers to meet and exchange information. Why? In case the buyers have any questions after move-in or they receive some of the seller’s mail that needs forwarding.
Final Walk Through Before Closing Checklist:
- Ensure all lights in the home work by turning them on and off
- Flush all the toilets
- Turn on all faucets
- Run heating and air conditioning units
- Test gas fireplace
- Check all appliances for functionality
- Open, close and lock all doors and windows (including the garage)
- Check closets, storage areas, and the attic to ensure no knick knacks were left behind
- Do a spot check of all walls, ceilings, sideboards, and floors
As a buyer, express your concerns right away, if you have any questions while performing the final walk through. Your agent can make sure the home is in top notch condition when you move in.
How ’bout us?
When you hire TRELORA, you pay one flat fee rather than a variable commission on the price of your home. You’ll also get best-in-class customer service, a team of expert agents that closes hundreds of deals per year in your area with intimate knowledge of your neighborhood, a proprietary technology platform that puts you in the driver’s seat and an average rebate of $13,500 in Colorado and $18,000 in Seattle.
TRELORA Real Estate serves the Colorado Front Range, Summit County and Seattle Metro Area. Our mission is simple: full service real estate for a fraction of the cost. When you hire a traditional agent to help you buy or sell your home, you pay that agent 3-6% of the home’s value.