What do you check in a final walk through?

What do you check in a final walk through?

What To Check During a Final Walkthrough

  1. Turn on and off every light fixture.
  2. Run water and check for leaks under sinks.
  3. Test all appliances.
  4. Check garage door openers.
  5. Open and close all doors.
  6. Flush toilets.
  7. Inspect ceilings, walls, and floors.
  8. Run the garbage disposal and exhaust fans.

What happens if you don’t do a final walk through?

Depending on the sales contract, a buyer may have to forfeit this earnest money to the seller if they back out. Some contracts can make the penalties even more severe, making buyers responsible for covering fees like home inspections and appraisals, even if the sale is canceled before closing.

Is final walk through the same day as closing?

Final walkthroughs take place as close to closing as possible, typically a day or two before. During the walkthrough, a buyer and their real estate agent will go through the property. Not only are you about to make a huge purchase, but you’re also about to be legally and financially responsible for this property.

Do you get keys at final walk through?

The parties must do a final walk-through and sign the legal documents. Then, money must be distributed and the deed to the property recorded. When these things are completed, the homebuyers get the keys — unless they contracted to receive them earlier or later.

Does the seller attend the walk through?

Know who attends the final walk-through Typically, the final walk-through is attended by the buyer and the buyer’s agent, without the seller or seller’s agent. This gives the buyer the freedom to inspect the property at their leisure, without feeling pressure from the seller.

What happens a week before closing?

1 week out: Gather and prepare all the documentation, paperwork, and funds you’ll need for your loan closing. You’ll need to bring the funds to cover your down payment , closing costs and escrow items, typically in the form of a certified/cashier’s check or a wire transfer.

Do sellers have to clean the house?

Unless otherwise specified in the contract, the seller is under no obligation to have the property professionally cleaned for settlement and it is surprising how few buyers ask that such a condition be included.