Final walkthrough before the closing, and we're doing it in the largest home of America,
Biltmore Estate.
Just kidding.
Elena Kovrigin: Hi, my name is Elena Kovrigin.
I am a local realtor in Asheville, North Carolina, and in this video, I'm going to tell you what
a final walkthrough before closing is, when you do it, and why, but most importantly,
why you do it.
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Elena Kovrigin: What is a final walkthrough before closing?
A final walkthrough is the time that typically your realtor schedules that allows you take
one last look at a property before signing your life away.
Excuse me, before closing on your house.
Final walkthrough is not a time to inspect the property or try to negotiate one last
item with a seller.
Typically, a final walkthrough happens as far out as a week before the closing, or it
can happen the night before the closing, the day before the closing, or the morning of
the closing.
Elena Kovrigin: Why is it so important to do a final walkthrough before you close on
the house, before you make one of the largest purchases of your life?
One of the reasons is to make sure the property looks exactly like you read upon in the contract
when you signed your offer to purchase.
Also, you want to make sure that nothing happened to the house right before the closing, and
what can possibly happen to the property?
This list comes from real-life people, so pay attention.
It's not made up.
It came from real experiences that happened to real buyers.
Elena Kovrigin: Now, let's imagine there was a thunderstorm right before the closing and
the tree fell and cracked through the roof.
It's wintertime and the pipe burst and now the property is flooded.
There was a fire and it damaged the house or it even burned down the house.
Sellers don't even look like they're moving out.
There are no boxes inside.
U-Haul is not in the driveway.
Everything is still there.
You get the idea?
You want to catch all of those issues before you close on the house and it becomes your
big problem.
Any damage that occurred to the house right before the closing, even if it's just a few
hours before the closing, should not be your problem, Mr. And Mrs. Buyer.
It should be on the sellers, and you have all the right to ask them to take care of
those issues before you sign all your documents.
Elena Kovrigin: Now, a bonus tip about new construction walkthrough.
When it comes to new construction, I like to do two walkthroughs with my clients.
The first one occurs maybe a week or a few days before the closing, and that's when me
and my clients go in, make sure that all of the items from the inspection report were
taken care of, and not only that but I give them a roll of blue painter's tape so that
they can mark very little imperfection that's in the house.
I'm talking about scuff marks on the walls.
Everything that they think that doesn't look brand new because, hey, new construction is
supposed to be brand new, right?
They mark everything, and then the second final walkthrough happens either the night
before or the day of the closing, and that's where we go and make sure that the builder
actually took care of those items that we marked with blue tape.
Elena Kovrigin: I hope you found this information useful and I hope you now see why it's so
important to do a final walkthrough before you close on the house.
If you did find this information useful, put a thumbs up, say so in the comments, and I
will see you next time.