Congratulations! You’ve bought a home and are in the final stretch. You’ve completed your home inspection, appraisal, and mortgage commitment, and you’re ready to meet with your lawyer, sign on the dotted line, and close on your new home.
But WAIT! There’s one more crucial step before closing: the final walkthrough. Do not miss this essential step!
Why the Final Walkthrough is Crucial
The final walkthrough allows you, the buyer, to verify that everything is as expected before completing the transaction and taking possession of your new home. It’s your last chance to ensure the property is in the agreed-upon condition and that all repairs from the home inspection have been addressed.
What to Check During the Final Walkthrough
Before heading to the closing table, make sure to have a thorough look at the property to confirm everything is still in good working order. Here’s a detailed checklist to guide you through the process.
Plumbing
- Turn on Faucets & Showers: Ensure they work properly and have no leaks.
- Flush All Toilets: Verify they flush correctly.
- Check Under Sinks: Fill sinks, then drain them and look for drips.
- Hot Water Tank: Check for water in the basin.
- Heating and AC: Test the forced air furnace and any baseboard heaters to ensure they function.
Electrical
- Lights: Turn on lights in every room.
- Outlets: Bring a small light or outlet tester to check all electrical outlets.
Appliances
- Test All Appliances: Ensure they turn on and function properly.
- Stove and Elements: Verify the stove and its elements work.
- Refrigerator and Freezer: Ensure both are running.
Windows and Doors
- Open and Close: Check all windows and doors, including sliders, to ensure they open, close, and seal properly.
Garage Doors
- Operation: Ensure garage doors open and close.
- Safety Sensor: Test the safety sensor to ensure it works.
Fixtures and Chattels
- Fixtures: Ensure all fixtures that should remain (e.g., chandeliers) are still there unless otherwise agreed upon.
- Chattels: Verify that items that should have been removed (e.g., old fridge, gardening supplies, paint cans) are gone.
Cleanliness and Debris
- Vacant and Clean: Confirm the home is clean and free of trash and debris according to the contract.
Tenant Vacancy
- Vacant Tenancy: Ensure any tenants have vacated the property as required, and the suite is clean and undamaged.
Damage Inspection
- Scratches and Dents: Look for any scratches, dents, and holes in walls and doors that might have occurred during the seller’s move-out.
What Happens If You Find Issues?
If you discover any issues during your final walkthrough, notify your realtor immediately. Typically, one of two things will happen:
- Seller Compensation: The seller may write you a check for a negotiated amount to cover the repairs, allowing you to complete them after moving in.
- Hold-Back: Instruct your lawyer to hold back a specified portion of the sale proceeds in escrow until the necessary repairs are completed to your satisfaction.
Alternatively, you can negotiate a price adjustment on the contract. Your realtor will guide you through this process.
Final Thoughts
If you’d like my help with your real estate needs, or you’d like me to connect you with a fantastic realtor in your area, click the link below to schedule a call with me.
Thanks for reading, and let’s get started on your final walkthrough!
