Final Walk Through Prior To Home Closing

Why Do You Do a Final Walk-Through Prior To Home Closing

Gustan Cho Associates are mortgage brokers licensed in 48 states

In this article, we will cover and discuss the final walk-through prior to home closing. A Final Walk-Through Prior To Home Closing To Inspect Home option is given to all home buyers. It is not mandatory for a home buyer to do a final walk-through prior to home closing. However, it is highly recommended that all home buyers do a final walk-through prior to home closing. Once a home is closed, that is it!!! In the following paragraphs, we will cover why do you do a final walk-through prior to home closing.

Why Do You Do a Final Walk-Through Prior To Home Closing

When Is The Final Walk-Through Prior To Home Closing?

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Home Buyers cannot change their minds once they close on home. Cannot re-negotiate purchase terms. Everything that needs to be negotiated needs to be done prior to closing. Chances are that the last time buyers inspected the home was when they first entered into the purchase real estate contract.

Many things could have happened to the home since the last visit. Especially if the property was vacant. Or if the sellers moved out of the property prior to closing.

Why Do You Do a Final Walk-Through Prior To Home Closing?

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A home inspection final walk-through is not a negotiations matter nor is it a contingency. Most final walk-through prior to home closing is normally done the same day or the day prior to closing.

For the majority of home inspection final walk-throughs prior to home closing, there are no issues. 95% of the time is just a formality to make sure there are no damages sustained on the subject property.

What Happens at The Final Walk-Through Prior To Home Closing?

It is to reassure buyers the property is in the same condition that it was when the home buyer first saw it when they entered into a real estate purchase sales contract.

If there were items on the purchase contract that the home sellers needed to make, it is during the final walk-through prior to closing home inspection. This is the stage where the home buyers will check whether or not the items were repaired.  A final-walk through prior to home closing is very highly recommended.

Things To Check On Final Walk-Through Prior To Home Closing

Some home buyers hire a home inspector again to redo the home inspection during the final walk-through stage in the event the home has no damages. There are items buyers should check for on a final walk-through prior to the home closing inspection. In the event, that there are items that were damaged since the home purchase contract make sure that it has been completed. If not done, then the chances of getting it repaired prior to closing are not likely.

Do Sellers and Builders Clean The House Before Closing?

The money for repairs needs to be held by the title company in an escrow account until the repairs have been done. Or cash back for repairs needs to be agreed upon prior to closing. The items listed below should be thoroughly checked during the final walk-through prior to a home closing.

What Do Homebuyers Look For at Final Walk-Through Prior To Home Closing?

Make sure that all light fixtures are in working order by checking every light fixture. Check all plumbing fixtures by turning on the water and letting it run and look under sinks for any leakage. Check and test all household appliances to see if they all work and are functioning. Make sure the garage door works.

What Slows Down or Delays a House Closing

Check if every garage door openers are functional. Check all doors and make sure the doors are aligned and in working order. Make sure that all toilets are in working order. Flush them and make sure that the water stops once the tank is full.

Do a visual inspection of the walls, floors, and ceilings of the home. Make sure there are no drywall cracks. Check to see that the kitchen garbage disposal, trash compactor, and exhaust fans are in proper working order.

What Do Lenders Do Right Before Closing?

Make sure to test that the heating and air conditioning systems are clean and in working order. Check on all the windows in the house. Open and close them and make sure they slide up and down smoothly. Make sure that all debris and furniture are out of the home. Any debris that you do not want is out of the house and the property is clean of any waste and debris.

Debris removal can get quite costly. Not all garbage left by the driveway will be picked up by the regular garbage man. Make sure the basement does not show any signs of flooding. If you have any questions about the final walk-through prior to home closing or any other topics, please contact us at Gustan Cho Associates at 262-716-8151 or text us for a faster response. Or email us at gcho@gustancho.com. The team at Gustan Cho Associates is available 7 days a week, evenings, weekends, and holidays.

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