Step 23 to Buying a Home: Attend the Walkthrough
Final Walk Thru
It is now also time to schedule the final walk thru, which is typically conducted up to 7 days before closing.
Here’s what you should check at the final walk through:
~Verify that all agreed upon repairs have been made. Be sure to obtain copies of paid receipts and any related warranties in advance of the walk through
~Make sure all of the appliances are still working.
~Check to make sure the sellers didn’t damage anything moving out.
~Look to make sure all items included in the sales price (lighting fixtures, blinds, curtains, etc.) are still there. This includes anything that was attached to the wall previously such as shelves, TV mounts, etc. unless noted as being excluded on the contract.
~Screens and storm windows are in place or stored somewhere.
~Test the intercom, doorbell, alarm, HVAC and hot water to make sure they all work.
~Property should is in “broom clean” condition meaning it doesn’t have to be perfectly clean, but you have to be able to clear out any debris with a broom.
~Ask when the trash is picked up, where the parking is, where the storage unit is, etc.
~Get the garage door opener (if applicable) and any other remotes
~Locate any instruction books and warranties for appliances and fixtures.
~Make sure all personal items of the seller and all debris have been removed including clothing, food in the fridge, etc.
Here is what the final walk through IS NOT:
~It’s not a time to have your parents, friends, etc. come look at the property or for contractors give you estimates, etc. All of that can wait until you officially own the property.
~It’s not possible to begin moving boxes or other items in to the property at the walk through. That has to wait until you officially close on the property.
~It’s not when we receive the keys. That will happen at the end of closing.
What happens if you find damage at the walk through or the seller didn’t do one of the repairs he was supposed to do? You have three options if you discover damage at the walk through or the seller didn’t repair something he/she was legally obligated to repair:
1. You can delay closing by a few days/weeks and ask the sellers to repair whatever items are damaged.
2. You can ask the sellers to put money into escrow to cover the cost of the repairs so you can still close on time.
3. You can ask the sellers to provide a credit to cover the cost of the repairs so you can still close on time, but have the funds to pay for the needed repairs after closing.
If the sellers are not willing to do any of the above you can cancel the contract and walk away from purchasing the property. That rarely happens though and is the last option if we’ve exhausted all other options.