Before purchasing anything, we make sure that it is in good shape to get our money’s worth. If it is clothes, we want to be certain that they fit with no damages. This goes the same for home purchases. We want to be certain that it is in the best shape. We check the house even before making an offer and taking notes of the changes we want to have.
Note taking is essential especially if you are considering the house. This way, you can include the changes you want once the purchase contract is drawn. Indicate in the contract the damages you want to be repaired, the changes you want at home, the items you want removed as well as those you want to stay. You can also use such information to negotiate with the seller. He might agree to sell the property at a discounted value if he will not do the repairs.
Once that is laid out, you need to do the final walkthrough. Why is it so important, you might ask? This is essential for the following things:
1. Ensure that the repairs are done properly. This gives you the chance to check on the agreed repairs and ensure that it is done properly. If not, then have them do it again. The final walkthrough enables you to d this. If the desired changes are not made, you can renegotiate everything or opt out from the transaction. This will all depend on your purchase contract though.
2.Check the items you agreed to stay are still there. Giving away freebies are one of the strategies adapted by sellers to attract buyers. If they agreed to leave their couch or chandeliers in the house, then it has better to be there during the final walkthrough. This is why it is important that you have the list of conditions you have with you, or the copy of the contract.
3.Ensure that the items you agreed gone are gone. Likewise, if you have asked certain items to be removed, then make sure that they are not present there. You do not want to deal with its removal when you move to the new house.
4.Occupants should have left the property. You should not deal with the eviction of the tenants. Make sure that the sellers have dealt with this. This is among the common problems of buyers who skip the final walkthrough because they have to deal with the tenants or occupants who failed to leave before the closing.
5.Address all issues that you and the seller have not agreed on. If there are things that you have not agreed on with the seller, now is the best time to discuss things with them. This way, you can be certain that you will have a smooth sailing closing.
The final walkthrough is the last chance you will have to check the property before making a purchase. Do not miss it or else, you will be allowing yourself to purchase a house you do not deserve.