Walkthrough
In real estate, a walkthrough, also known as a final walkthrough or a pre-closing inspection, is a crucial step in the homebuying process that occurs shortly before the closing date. It involves the buyer visiting the property to ensure that it is in the agreed-upon condition and that any negotiated repairs or improvements have been completed satisfactorily.
During the walkthrough, the buyer typically inspects the property to verify that all fixtures, appliances, and systems included in the sale are present and in working order. They may also check for any new damages or issues that have arisen since their last visit, as well as ensure that any repairs requested during the home inspection have been addressed appropriately.
The walkthrough provides the buyer with an opportunity to confirm that the property meets their expectations and that there are no unexpected surprises before finalizing the purchase. If any issues are identified during the walkthrough, the buyer can work with their real estate agent to address them with the seller before the closing.
Overall, the walkthrough is an important final step in the homebuying process that helps ensure a smooth and successful transaction by allowing the buyer to verify the condition of the property and address any concerns before taking ownership.