Final Walk-Through Checklist- What to Expect in the Days Leading Up to Closing
How Many Days Before Closing is the Final Walk Through?
The final walk-through is a critical step in the home buying process, allowing buyers to inspect the property one last time before the sale is finalized. This inspection ensures that the home is in the same condition as it was when the contract was signed and that any agreed-upon repairs have been completed. But how many days before closing should the final walk-through take place? Let’s explore this important question.
Understanding the Final Walk-Through
The final walk-through is typically scheduled by the buyer’s agent and is a meeting between the buyer, seller, their agents, and any other relevant parties. During this walk-through, the buyer has the opportunity to verify that the property is in the agreed-upon condition and that any repairs or changes made by the seller have been completed.
Standard Timeline for the Final Walk-Through
While the specific timeline for the final walk-through can vary depending on the circumstances of the transaction, a common practice is to schedule it one to three days before the closing date. This allows enough time for any necessary repairs to be made and for the buyer to address any concerns before the sale is finalized.
Why Schedule It Early?
Scheduling the final walk-through a few days before closing is beneficial for several reasons. First, it gives the seller ample time to complete any agreed-upon repairs, ensuring that the buyer is satisfied with the condition of the property. Second, it allows the buyer to inspect the property without the pressure of the closing date looming over them. Lastly, it provides a buffer period in case any unforeseen issues arise during the inspection.
Exceptions to the Rule
While the one-to-three-day timeline is standard, there are exceptions. In some cases, the final walk-through may be scheduled closer to the closing date, especially if the property is occupied by the seller. In such situations, the buyer’s agent may negotiate a time that works for both parties, ensuring that the seller has enough time to vacate the property before the closing.
Conclusion
In conclusion, the final walk-through is an essential part of the home buying process, providing buyers with the opportunity to verify the condition of the property and ensure that any agreed-upon repairs have been completed. While a common practice is to schedule the final walk-through one to three days before closing, this timeline can be adjusted based on the specific circumstances of the transaction. By planning ahead and communicating effectively with all parties involved, buyers can ensure a smooth and successful closing.