Revealing the Mysteries of the Final Walkthrough

What Is the Final Walkthrough?

The final walkthrough is your last opportunity to inspect your new home before it becomes yours. It’s a final check to ensure everything is in order.

Important Details

The term “final walkthrough” is also known as the Final Verification of Condition. Review your purchase agreement to understand everyone’s responsibilities. Since I’m in California, I’ll discuss the rules here, but remember that guidelines might differ elsewhere.

Who Attends the Final Walkthrough?

Typically, it’s just you and your real estate agent. This final check is important but not overly formal. Your agent will help you know what to look for and what’s not important. This isn’t the time to make a new list of minor issues.

Final Walkthrough Tips for Home Sellers

I like using checklists because they keep me organized. If you do, too, you’ll appreciate making a checklist for the final walkthrough. This helps you remember everything and avoid last-minute stress.

Checklist for Sellers:

• Complete any repairs you agreed to.
• Gather essential documents like appliance manuals and warranties.
• Collect any HOA (homeowners association) documents, like rules and contact info.
• Provide contact info for service providers (e.g., yard maintenance, cleaning services).
• Ensure all keys and remotes (front door, pool, mailbox) are available.
• Leave useful maintenance supplies (like extra tiles or flooring). Check with your agent to see what the buyer wants.
• Remove all personal belongings and trash.

How Clean Should It Be?

In California, the house should be “broom swept,” meaning tidy but not spotless. However, leaving a clean house is a nice gesture that new owners will appreciate. Hiring a cleaning service after you move out can make things easier for you and the new owners.

Final Walkthrough Tips for Homebuyers

During the final walkthrough, your task is to ensure the house is in the same condition as when you agreed to buy it. This includes checking the yard, verifying repairs, and ensuring any agreed-upon items (like appliances) remain.

Checklist for Buyers:

• Verify that all agreed-upon repairs are done. Bring a list of these repairs.
• Ensure appliances work correctly.
• Use your senses to detect issues like gas leaks, mold, or pet odors.
• Inspect each room:
  • Living, Family, and Dining Rooms: Test the heating and cooling systems, and check the light fixtures.
  • Kitchen: Run the dishwasher and garbage disposal and check water pressure. Make sure the oven and all kitchen appliances work properly.
  • Bathrooms: Test toilets, sinks, showers, and tubs. Check water pressure and that all windows lock and function correctly.
  • Bedrooms: Check closets for any left-behind personal items.
  • Garage and Yard: Look for leftover tools, chemicals, and extras like flooring or tile. Test the washing machine, dryer, and garage door opener. Check the shed and get any service provider details.

What the Final Walkthrough Isn’t

The final walkthrough isn’t the time to create a new list of repairs. Its purpose is to ensure the home is in the agreed-upon condition. Any issues found should be resolved between the buyer and seller without delaying the closing.

What If There’s Damage?

If you find damage, you and the seller must negotiate it. If the contract doesn’t specify how to handle it, you’ll need to agree on a solution. Sometimes, you might need to consult an attorney.

Can the Closing Be Delayed?

Check your agreement to see if the closing can be delayed. Think about the potential consequences, like rescheduling movers, utility transfers, and school arrangements for children. Also, consider financial implications like the expiration of your mortgage interest rate lock.

Can You Renegotiate the Contract?

Renegotiating depends on what your original contract says. If there’s no mention of renegotiation, you might need to talk with an attorney, which can be costly and time-consuming.

What About an Escrow Holdback?

It’s too late to request an escrow holdback at the final walkthrough stage. This should be discussed at the beginning of the negotiation process. Late-stage agreements on holdbacks are unlikely.

Conclusion

The final walkthrough is a crucial step in the home-buying process. It ensures the property is in the agreed-upon condition before closing. With guidance from your real estate agent, focus on confirming repairs and checking for major issues. Sellers should use a checklist to complete all tasks and leave the house clean and ready for the new owners. Proper preparation and clear communication are key to a smooth transition of ownership.

Are you thinking about making a move? I love real estate and would be happy to chat with you about it! I serve real estate sales in Kern County cities and towns. If you have questions or need help, contact me at scottmiller@epique.me or call 760-264-3501. Let’s make your real estate journey smooth and successful!