3 Things to Spot During a Final Walkthrough
NEW YORK – The final walkthrough is one of the last steps in purchasing a new home – and it’s also a time when buyers should carefully study the condition of the property before heading to closing and making everything official.
- Check systems one last time: A home inspector may have assessed the property earlier, but the final walkthrough should include a recheck of some major systems in case their status changed sometime after the inspection. Buyers should run the heating and air conditioning systems, turn lights on and off, and test all the major appliances. They should also flush all the toilets and check for leaks.
- Verify work has been done to satisfaction: Buyers should verify that all agreed-upon repairs they negotiated as part of the contract have been completed, using their agreement of sale and inspection reports as a checklist. They should also make sure that any fixtures supposed to be left behind are still there. This can be a common last-minute hang up in real estate dealings, when items that buyers expected to see left behind are not.
- Make a list of questions: Buyers should take their time during their final walkthrough and jot down any questions they might want to ask the sellers. Forbes.com columnist Tara Mastroeni suggests a list of questions about how the home’s systems work or anything else pertaining to the home. Before they sign at settlement, buyers have leverage and it’s their last chance to get those questions answered.
View more tips for the final walkthrough at Forbes.com
Source: “Buyers, Here’s What to Pay Attention to During Your Final Walk-Through,” Forbes.com (Nov. 25, 2019)
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