Final walkthroughs are a crucial step in the home-buying

Final walkthroughs are a crucial step in the home-buying process. They are typically conducted on the day of the close or the evening before, and the main purpose is to ensure that everything is just as it was during the inspection and to prevent any unpleasant surprises.

What is a Final Walkthrough?

A final walkthrough is not a full inspection, but rather a chance to check that no alterations to the property have been made and that everything is in the same condition as when you made the offer. This is especially important because any changes that have been made, whether intentional or not, can impact the value of the property and even the terms of your contract. For example, discovering that the seller has removed fixtures, appliances, or other items that were included in the contract could lead to negotiations or even legal action.

During the final walkthrough, you should take your time to check every corner of the property, including the exterior and the interior. You should also make sure that all the necessary repairs have been made by the seller, such as fixing the leaks, repairing the roof, or updating the electrical system. If you notice any issues or discrepancies, make sure to document them and bring them up with your real estate agent or lawyer.

Familiarizing Yourself with the Home's Systems and Features

In addition to ensuring that everything is as it should be, the walkthrough is also an opportunity to familiarize yourself with the home's systems and features. This can be especially helpful if you're a first-time homebuyer or if you're buying a home that has unique or specialized features. Take the time to test the heating and cooling systems, turn on the faucets and flush the toilets, and check that all the appliances are working properly.

If the home has any special features, such as a pool, a fireplace, or a security system, make sure to ask the seller or the real estate agent for a demonstration. This will help you understand how everything works and what maintenance or repair tasks you'll need to perform in the future.

Addressing Last-Minute Questions and Concerns

Finally, the walkthrough is a chance to ask any last-minute questions or address any concerns you may have before closing. By taking the time to walk through the property one last time, you can ensure that you're fully informed and prepared for this major investment.

Some common questions to ask during the final walkthrough include:

• Are there any warranties or manuals for the appliances or systems?


• Where are the main shut-off valves or switches for the water, gas, and electricity?


• Are there any specific rules or regulations for the neighborhood or the homeowners' association?


• Is there anything you should know about the previous owners or occupants of the property?

If you have any concerns about the property, such as the condition of the roof, the presence of pests, or the quality of the neighborhood, make sure to bring them up with your real estate agent or lawyer. They can help you understand your options and make an informed decision.

Conclusion

The final walkthrough may seem like a small step in the home-buying process, but it is an important one. By taking the time to ensure that everything is in order, you can avoid any surprises or problems down the road. You can also familiarize yourself with the property and its features, and address any last-minute questions or concerns before closing.

Remember, buying a home is a major investment, and you should take every step to protect yourself and your investment. With a thorough final walkthrough, you can ensure that you're making an informed decision and start your new life in your new home with peace of mind.