A Home Buyer's Guide to the Final Walkthrough | New American Funding

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You've made an offer, you've done the inspection and you're looking forward to closing. The only step left before you buy your dream home is the final walkthrough - your chance to fix last-minute issues and decide if this is truly the house you want.

New American Funding has years of experience helping people afford the right house for them. Our guide to the final walkthrough gives you a checklist of things to keep an eye out for.

Published in: Economy & Finance, Business
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A Home Buyer's Guide to the Final Walkthrough | New American Funding

  1. 1. The Final Walkthrough First, it’s important to realize that your final walkthrough is NOT an inspection. Hopefully you’ve already had your inspection, and your walkthrough is the last step before you prepare for Closing. The final walkthrough is your last chance to ensure your new home is truly the home of your dreams. Learn how to make the most of your walkthrough to identify any last-minute problems you may find.
  2. 2. Get Hands On The most important part of a final walkthrough is to check everything in the house to ensure things are in working order. Here are the most important things you’ll want to check. • Test all major appliances that will remain in the home • Oven/Range, Refrigerator, Dishwasher, Washer/Dryer, Garbage Disposal • Turn on lights and fans in each room, including the bathroom • Don’t forget exterior lights, garage door and the doorbell • Make sure all doors and windows seal and lock • Run the heat, air conditioning and exhaust fans • Check on agreed-upon repairs
  3. 3. Get Hands On In addition to the big appliances, there are a few areas that you should focus extensively on that may not have been noticed during an inspection. Plumbing • Make sure all sinks, baths and drains fill and drain quickly. • Check sink and bathtub overflows • Check for leaks beneath faucets and sinks, as well as in the basement Electrical • Make sure outlets and switches have covers • Check for GFCI outlets in the kitchen and bathroom • Make sure all circuits are labeled in the circuit breaker Outdoor • Check sprinklers • Make sure outdoor storage is clean and pest free Final Walkthrough Checklist
  4. 4. How to Handle a Problem If you uncover a real problem during your final walkthrough, you have a few options for dealing with it. Each should be considered carefully. Taking Action • Postpone Closing – Depending on your previous negotiations, you can request the seller fixes any problem before Closing • Fix It Yourself – Sometimes it’s easier to make a minor repair yourself to avoid any delays in your home purchase, but make sure it’s a repair you can easily tackle. • Walk Away – This should be a last resort, but if you discover a dealbreaker, it can be best to walk away from a sale.
  5. 5. Proceed to Closing You found your home, got pre-approved for a mortgage and made an offer – the final walkthrough was your last obstacle to owning a home! Now you’re just a few signed papers away from taking ownership of your new home!
  6. 6. A Buyer’s Guide to the Final Walkthrough Learn more about your home loan options at www.NewAmericanFunding.com

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