Purchasing a new home is an exciting milestone in anyone’s life. After weeks or even months of searching, negotiating, and paperwork, the moment to close the deal finally arrives. Before signing on the dotted line, make sure to do a final walkthrough of the property. This ensures that the home you are about to purchase meets your expectations, safeguards your interests, and paves the way for a smooth transition into your new home.
Confirming Property Condition:
The primary purpose of a final walkthrough is to verify the condition of the property just before the closing. While the home inspection report provides valuable insights, it is essential to physically assess the property one last time to ensure that no significant changes have occurred since the inspection. Look for any damages or issues that may have arisen during the intervening period, such as leaks, broken fixtures, or damage caused during the moving process. Identifying these issues before closing allows you to address them with the seller, ensuring that they are resolved or accounted for appropriately.
Verifying Repairs and Agreed-Upon Changes:
During the negotiation process, it is common for buyers to request repairs or modifications to be made by the seller before closing. The final walkthrough provides an opportunity to verify that all agreed-upon repairs and changes have been completed satisfactorily. Inspect the areas that were addressed and ensure that the work meets your expectations. If any issues are identified, you can address them before signing the closing documents or negotiate appropriate compensation with the seller.
Ensuring the Inclusion of Agreed-Upon Fixtures:
In addition to repairs and modifications, you should also confirm that any fixtures or appliances that were included in the purchase agreement are present and in working condition. This includes items like kitchen appliances, lighting fixtures, window treatments, and any other specific features agreed upon during negotiations. Check that they are not damaged or missing and that they are functioning as expected. Verifying the presence and condition of these items ensures that you receive the home as agreed upon and avoids potential disappointments or disputes later on.
Testing Utilities and Systems:
The final walkthrough is an opportune time to test the functionality of all utilities and systems within the home. Turn on lights, faucets, and appliances to ensure that they are in proper working order. Check heating, ventilation, and air conditioning (HVAC) systems to confirm they are operational and set at the desired temperature. Additionally, examine electrical outlets and switches to ensure they are functioning correctly. By conducting these tests, you can identify any potential issues and address them before closing, saving you from unexpected expenses and inconveniences later.
Addressing Any Last-Minute Concerns:
The final walkthrough serves as a safety net for buyers, allowing them to identify any last-minute concerns or unexpected problems before completing the purchase. Whether it’s discovering new damages, finding undisclosed issues, or noticing any discrepancies between the agreed-upon terms and the current state of the property, the final walkthrough provides an opportunity to address these concerns with the seller. By bringing these issues to light, you can negotiate appropriate resolutions, such as repairs, credits, or contract amendments, thereby safeguarding your investment.