You're almost there! One of the last steps before you close on your new home is the final walkthrough. This is your opportunity to confirm the property's condition before finalizing the deal. Let's break down what you should do and look for during this crucial step.
Why is the Final Walkthrough Important?
The primary purpose of the final walkthrough is to ensure that the property is in the agreed-upon condition. It's your last chance to make sure the seller has completed any agreed-upon repairs, and the home is ready for you to move in.
When Does the Final Walkthrough Happen?
The final walkthrough usually happens anywhere from a few hours to a few days before closing. This ensures any recent damage or issues can be addressed before the final papers are signed.
What to Check During the Final Walkthrough
Here are some things you should check during the final walkthrough:
Repair Verification: If the seller agreed to make certain repairs, make sure these have been completed.
Appliances: Check all appliances to ensure they're working correctly.
Outlets and Switches: Test the outlets and light switches.
HVAC System:Â Test the heating and air conditioning system to make sure they're functioning.
Plumbing: Check all faucets and flush toilets to ensure there are no leaks.
Windows and Doors: Open and close all windows and doors.
Property Cleanliness: The property should be reasonably clean and clear of the seller's belongings.
What Happens If You Find a Problem?
If you uncover any significant issues during the final walkthrough, you can delay closing until the seller corrects them. If the seller is unable or unwilling to fix the issue, you may negotiate a credit or reduction in sales price.
Remember, the final walkthrough is not a home inspection. It's not meant to uncover hidden defects but rather to ensure the home is in the agreed-upon condition before you close on the property.
In our next post, we'll talk about what to expect on closing day and how to prepare for it. Stay tuned, and let's get you ready to get the keys to your new home!
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