So, you’ve found the perfect home and the buying process is nearly complete. At this point, many buyers tend to shift their focus from the actual closing, to other pressing matters such as purchasing new furniture, paint colors, and finding movers. However, while all of those things will need to be addressed in time, it’s important for homebuyers to remember that a crucial part of the closing process is the final walkthrough—the last chance to make sure everything in the house is in working condition.
This last view of the home can not only help you avoid buyer’s remorse by increasing confidence in your purchase, but it can also make sure all last-minute problems are remedied before settlement. Only lasting approximately 30 minutes, it should still give you enough time to be thorough and allow you to take note of any issues which may have occurred since your last viewing.
Specifically, take note of any major weather events that may have occurred during the negotiation process. Once you close on the home, the current owners will no longer be liable for any damages that may have taken place; therefore, be sure to schedule your walkthrough in a timely manner that will give you at least 24 hours before the actual closing.
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This leads us to what exactly you should be looking for. While it’s incredibly important to utilize the expertise of your Realtor, it’s also important for buyers to understand the process.
1.) Check all Major Appliances: Turn on all appliances that are included with the home, and test all major switches and basic operations. It’s also important to request any pertinent paperwork pertaining to warranties and owners’ manuals.
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2.) Assess all Fixtures: While the current owners may not be leaving all lighting fixtures behind (a chandelier, for instance), make a point to check that all agreed upon fixtures are present.
3.) Repairs: If you have already made arrangements with the current owners in terms of housing/property repairs, make sure that any problems have been addressed.
4.) General Condition: Take note of the general condition of the property inside and out. Look for damages such as scratched walls or floors which may have occurred during move-out, and make sure that there are no unwanted items or furniture pieces still in the home.
