Once we’ve received the Clear to Close we will schedule the final walk through either the day of or the day before closing.
The final walk through is our last chance to walk through the house before going to the closing table. This task shouldn’t take more than 30 minutes. We will be making sure that the house is in the same or better condition than it was the last time we saw it. We will also be checking that all agreed upon repairs have been completed.
These are the things you should be looking for:
- Verify all agreed upon repairs have been completed
- Make sure all of the appliances are working (Air Conditioning/Heating, kitchen appliances, etc.)
- Make sure there are no new damages present from the sellers moving out
- Make sure all of the conveyed items are present. Say you asked for the TV mounts in all of the rooms in the contract so verify that they are still present.
- Check the lights in each room, turn on hot water to make sure water still gets hot, etc…
- Expect the house to be in “broom clean” condition. It might not be immaculate, but the expected condition should be a broom swept state.
- Verify that all of the sellers belongings have been removed from the house.
Here’s what the Buyer’s Final Walk Through IS NOT:
- It’s not a time for re-inspection. It’s simply a time to make sure the house is still acceptable and that the seller did everything we asked them to do. The contract states that the house must be in the “same or better condition” than it was during inspections. That’s what we’re looking for.
- It’s not a time to bring contractors for estimates or quotes.
- It’s not a time for friends and family to check out the house. They can help you move in or you can invite them over for a painting party after the house is officially yours! 🙂
- It’s not time to start moving boxes in the home or dropping a few things off. You will need to wait until you have signed all the documents and received the keys at the closing.
At the end of the final walk through I will reach out to the listing agent to confirm that either the agent or the sellers will bring the keys, key fobs, garage door opener, etc.., to the closing.
What happens if the house is not in the “same or better” condition that it was during inspections?
If the house has been damaged or the seller didn’t complete an agreed upon repair you essentially have three options:
- You can delay the closing until the seller makes the necessary repairs.
- You can ask the seller to cover the cost of the repairs by placing the money in an escrow account at the title company or giving a seller credit so we can go ahead and close on time.
- As a last resort, if the seller will not agree to remedy the problem(s) you can cancel the contract, but this should be the absolute last resort only after we have exhausted all other options.
Please let me know if you have any questions about the final walk through. We’re almost at the finish line!