Purchasing a home is one of the most significant investments most people make in their lifetime. Given the substantial financial and emotional stakes involved, it's essential to ensure that everything is in order before you take possession of your new property. One crucial step in the homebuying process is the final walkthrough with your realtor. In this blog, we'll explore why this step is indispensable and how it can help you avoid potential issues down the road.
1. Confirming Property Condition
A final walkthrough serves as a last-minute inspection of the property to verify its condition. It ensures that the property is in the same or better condition as when you made your offer and signed the purchase agreement. During this walkthrough, you and your realtor can:
- Check for any damage: Look for new issues or damage that may have occurred since your last visit.
- Ensure agreed-upon repairs are completed: If the seller agreed to make specific repairs or improvements, the walkthrough is an opportunity to confirm they were done satisfactorily.
- Verify appliances and fixtures: Ensure that all appliances, fixtures, and built-in features (like heating and cooling systems) are in working order.
2. Addressing Outstanding Issues
If any issues are discovered during the final walkthrough, your realtor can help facilitate the resolution process. This might involve negotiating with the seller to have repairs completed or ensuring that agreed-upon credits are applied to cover repair costs.
3. Preventing Surprises at Closing
Imagine arriving at the closing table only to discover that something is amiss with the property. A final walkthrough can help prevent such surprises. If there are unresolved issues, you can address them before closing, potentially saving time and preventing delays.
4. Documenting the Property's Condition
Your realtor can help document the property's condition during the final walkthrough. This documentation can be invaluable if a dispute arises with the seller after closing. Photographs, notes, and written records can serve as evidence to support your claims if needed.
5. Testing Systems and Utilities
A final walkthrough is an opportunity to test the various systems and utilities within the property. You can check that:
- Lights, switches, and outlets are working correctly.
- Plumbing fixtures, faucets, and toilets function without issues.
- Heating and cooling systems operate as expected.
- Appliances are in working order.
- Doors and windows open, close, and lock properly.
6. Verifying the Property's Contents
If the seller has agreed to leave specific items, such as appliances, window treatments, or furniture, the final walkthrough is the time to ensure that these items are present and in the condition you expect.
7. Peace of Mind
Perhaps the most significant benefit of a final walkthrough with your realtor is the peace of mind it provides. Knowing that everything is in order and that the property meets your expectations can help reduce stress and anxiety on the closing day.
A final walkthrough with your realtor is a critical step in the homebuying process that should not be overlooked. It serves as your last chance to ensure that the property you are purchasing is in the expected condition and that any agreed-upon repairs or improvements have been completed. By conducting a thorough final walkthrough, you can avoid surprises at closing, address any outstanding issues, and enjoy greater peace of mind as you take possession of your new home. Don't underestimate the importance of this crucial step in the journey to homeownership.
Call on David Locke, Realtor at Locke and Key Associates in Anderson, South Carolina for all your real estate needs.