The Crucial Last Step: Navigating the Final Walkthrough in Home Purchasing (with checklist)

In the journey of purchasing a home, the final walkthrough is a pivotal step that occurs just before the closing. It's a chance for buyers to ensure that the property they are about to own meets the agreed-upon conditions. This final review can be conducted in person or virtually, adapting to contemporary needs and circumstances. Here’s a deep dive into the importance of the final walkthrough and how it can be effectively navigated.

Understanding the Final Walkthrough

The final walkthrough is a critical step in the home buying process where buyers have the opportunity to inspect the property one last time before closing the transaction. This is not a cursory glance, but a thorough review to ensure all agreed-upon repairs have been made, the property’s condition has remained the same or improved since the last visit, and that all the included appliances and fixtures are in place and operational.

The Importance of a Final Walkthrough

• Verification of Repairs: The final walkthrough is the buyers’ chance to confirm that all the repairs, that were agreed upon after the home inspection, have been completed satisfactorily.

• Condition Check: It’s essential to ensure that the property’s condition hasn’t deteriorated since your last visit. The final walkthrough helps in identifying any new damages or issues.

• Included Items: Confirming that all items that were supposed to come with the house, such as appliances, lighting fixtures, and window treatments, are present and in working order.

Conducting the Walkthrough: In-Person or Virtually

The modern era offers flexibility in how final walkthroughs can be conducted – in person or virtually. Both methods have their pros and cons.

In-Person Walkthrough

• Thorough Inspection: An in-person walkthrough allows for a thorough inspection, enabling buyers to check every nook and cranny.
• Immediate Clarification: Any issues discovered can be immediately discussed and resolved with the seller or the real estate agent.

Virtual Walkthrough

• Convenience: For those who are unable to be on site, a virtual walkthrough offers a convenient alternative.
• Technology Advantage: Modern technology allows for a detailed virtual tour, sometimes even offering 360-degree views and the ability to zoom in on particular areas.

However, a virtual walkthrough may not replace the tactile experience of an in-person visit, and some minor issues might go unnoticed.

Preparing for the Final Walkthrough

Preparation is key to making the most out of the final walkthrough. Here are some steps to ensure a productive walkthrough:

• Checklist Preparation: Prepare a checklist based on the agreement, including all the repairs that were supposed to be made, and the items included in the sale.
• Document Everything: Whether in person or virtually, document the walkthrough. Take photos or videos as necessary, which can be useful references in case of disputes.

Here's your checklist:

The final walkthrough is more than just a formality; it’s a significant step that ensures you are getting the value you agreed upon. Whether conducted in person or virtually, a meticulous final walkthrough can save buyers from future headaches and unforeseen expenses. As you step into the final stages of home purchasing, ensure you are well-prepared for this critical inspection to make a confident and informed final decision.

Congratulations on your new home! See YOU at the closing table!