During the real estate process, the final walkthrough is the last chance you’ll get to inspect your new home before closing. Put simply, the final walkthrough gives you peace of mind before you seal the deal. It’s also the last opportunity you’ll get to ensure that the seller completed any agreed-upon repairs that you may have negotiated.
When Do You Complete Final Walkthrough?
Typically the final walkthrough is performed the same day that you close; however, some people choose to complete it before — especially if repairs are expected. In any instance, you should try to schedule your walkthrough as close to your closing date as possible. If closing day is stressful, you may be tempted to skip the final walkthrough — but it’s imperative that you attend. Once you become the legal owner of your new home, you take on all responsibility for any damage and unexpected issues that might occur.
When buying a new home, here are three things you need to look out for during the final walkthrough.
Repairs
If you or your real estate agent negotiated any home repairs during the inspection period, used this time to ensure everything was completed as agreed. It’s crucial to bring any repairs that still need fixing your realtor’s — or the seller’s — attention. Addressing essential concerns such as repairs is much easier before closing. If there isn’t enough time for the seller to complete the repairs before closing, your real estate agent may be able to negotiate you a credit at closing.
Plumbing, Leaks and Water Damage
Problems with plumbing, leaks, and waterwill undoubtedly put a dampener on your new house celebrations. You should take the time to check for new water damage on ceilings and around plumbing fixtures. In addition, you should also keep an eye out for leaks in the plumbing. This is especially important if the home has not been occupied for a while, as absent sellers may not notice plumbing issues.
It’s also a good idea to check the bathroom plumbing during a final walkthrough. You can do this by turning on the faucets and flushing each toilet. This is because a blocked toilet could mean another blockage elsewhere in the plumbing that needs addressing. No one wants to be stuck in their new home without working plumbing!
Lights & Electrics
During the final walkthrough, it’s essential to check all of the home’s lights and electrical appliances. You can do this quickly by going from room to room and switching all of the electrical outlets on. In addition, if light fittings, such as chandeliers, were included in the sale, be sure to confirm that they’re all working too. If any have been removed or changed without your prior consent, let your real estate agent know.
The final walkthrough is a crucial part of the home buying process that shouldn’t be rushed. However, you should not treat the final walkthrough as a second home inspection; it’s merely an opportunity to ensure that no new issues have occurred between the inspection period and your closing date. If you’re unsure of what to look for during your final walkthrough, reach out to your realtor who can guide you through the process.
