Final Walk Through for Buyers
We always encourage our Buyers to walk through their new property before closing. It may have been weeks since they were last inside. What if something material has changed? Or an appliance was removed that was supposed to convey? It's always wise to lay eyes on the property one last time before taking ownership.
A walk through should only take about 20 minutes, and it's not another home inspection - just a chance to scan the visible areas for any surprises. If the seller is renting back and the home is still furnished/occupied, there won't be much to see, but you should still walk through.
“What should I look for?”
Hidden damage behind/underneath furniture. We've seen unpainted portions of walls behind beds and once found an iron-shaped carpet burn under a dresser.
Items the contract said would stay like appliances, light fixtures, TVs or furniture
Damage to hardwood flooring where rugs were
Moving boxes or seller belongings. Make sure the seller has moved out (or has at least started packing if they are renting back after closing!)
Check the ceiling for any obvious signs of new/active roof leaks
Make sure the appliances are empty (especially the dishwasher and dryer)
Make sure the attic and other hidden storage spaces are empty
Confirm the seller lefts keys to the property, mailbox, garage door openers, neighborhood amenity access fobs, etc.
Are the utilities on? The seller is responsible for maintaining utilities (and landscape/grounds maintenance) through closing.
Is the house reasonably clean? Expectations vary widely, but someone should have made an effort to sweep and wipe down cabinet shelves/drawers.
“What do I do if something is wrong at the walk through?”
Delay the closing to allow time to negotiate a solution with the seller
Request a portion of the seller’s proceeds be held in escrow by the closing attorney until it's corrected
Request a cash allowance from the seller at closing (assuming your lender will approve it).
Refuse to close (last resort if you are getting a mortgage because your interest rate lock could expire)
