You have made an offer on a new home and have jumped through all the hoops necessary to prepare for closing on your new home. There is one final step that you should make sure that you do not skip -the final walkthrough. It is your last chance to make sure that the home you are ready to purchase is in the same or better condition as when you made the offer.
This article from Reality Times talks about the importance of completing the final walk-through and why you should not skip that step. Enjoy the article and give me a call with any questions you may have or for any of your real estate needs.
When you buy a house, it’s already a pressure-filled process. There’s a low inventory of homes right now, even with prices dropping in many markets due to rising interest rates and declining demand. Since there are still inventory issues, some homebuyers are doing things they wouldn’t ordinarily, like waiving home inspections or using escalation clauses in their contracts.
Regardless of what you might do to get the house of your dreams, one thing you shouldn’t skip is the final walk-through.
The final walk-through is your chance to ensure the house is in the same condition as when you made an offer. If the seller is doing repairs or improvements you negotiated, you need to make sure those were done and that they were done correctly.
Who Comes to the Final Walk-Through?
A buyer and buyer’s agent usually go to the final walk-through. The seller and the seller’s agent are usually not there, so then, as a buyer, you have the chance to inspect everything at your pace without feeling pressured.
Expand your real estate knowledge - here are some of our latest blog posts to help you out. Selling your property or purchasing a new, dream house can become stress-free and exciting when you know what to expect!
For ADA assistance, please email firstname.lastname@example.org. If you experience difficulty in accessing any part of this website, email us, and we will work with you to provide the information you seek through an alternate communication method.