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Why You Should Do A Final Walk-Through Before Closing Escrow?

By
Real Estate Agent with RE/MAX Estate Properties BRE#00922882

Loan walk through

Palos Verdes homes owners should know how important the Final Walk-Through is on your newly purchased property. Loan America just put out an article which reflects the positive decision that homeowners need to make when completing their home purchase. Most real estate companies require that their agents make the Verification of Property Condition as their final disclosure documents. This is done to protect the buyer from any legal issues at a later date.

Loan America states in their article that after you’ve put alot of effort into finding the right house, you need to make sure that you do a final walk through to make sure that no changes have taken place on the property. This is not the time that you request new repairs, instead is just the time to make sure the condition of the home hasn’t changed since your last visit. The last thing you would want is to see any unexpected or unwanted changes made to the property.

When doing this final inspection you want to make sure that the sellers do not have any new property damage that could have taken place during the move out. That all furnishings have been taken out, and items that sere supposed to remain such as appliances, light fixtures or blinds haven’t been removed.

You can take this final walk through just a few days or a few hours before closing. Make sure that you bring any documentation with you that references everything that is to stay, and verify any repairs that were to have taken place. Remember, this is your last chance to give the property a once over before it legally becomes yours.

If you have any questions about the real estate market, or if you are interested in selling or purchasing residential or commercial property please feel free to contact me.

Originally posted to Tuba Ghannadi's real estate blog Aboutpv.com.
Photo courtesy of Loan America.

Denise Copeland
Home Sales Palm Beach - Jupiter, FL
Jupiter Abacoa Sales & Beach Front Luxury Homes

I had a situation on a short sale where the buyer swapped out a ratty stove for another ratty stove. Due to the condition of the original stove, I was able to calm the buyer down and ask if she was intending to install new appliances. Thankfully the answer was yes. But I have had instances where we've had to hold money in escrow to ensure issues were corrected in order to close in a timely manner.

Feb 01, 2018 02:55 PM
Joyce Marsh
Joyce Marsh Real Estate LLC - Daytona Beach, FL
Joyce Marsh Homes

A final walk thru is very important to make sure the property is in the same condition and all items that are being conveyed are there on the property. Good information to share for buyers 

Feb 02, 2018 05:41 AM