Real Estate Word of the Day: Walkthrough

A walkthrough is a final inspection of a property by the buyer before closing the deal. It typically occurs shortly before the closing date, often within 24 to 48 hours. The primary purpose of a walkthrough is to ensure that the property is in the agreed-upon condition, all requested repairs have been made, and no new issues have arisen since the last time the buyer viewed the property.

During the negotiation phase, the buyer and seller may agree on certain repairs or improvements that the seller needs to complete before closing. The walkthrough allows the buyer to confirm that these repairs have been satisfactorily completed. Additionally, it ensures that the property is in the same condition as when the buyer last saw it, with no new damage or problems. The walkthrough ensures that the seller has removed all personal belongings from the property, unless otherwise agreed upon. This includes checking that any fixtures or appliances that were supposed to stay with the property are still there. Buyers should take this opportunity to test major systems and appliances. Turn on lights, run the water, flush toilets, and test the heating and air conditioning systems. This ensures everything is in working order before you take possession. Perhaps most importantly, the walkthrough provides peace of mind. It confirms that the property you’re about to purchase is in the condition you expected, and it reassures you that there are no last-minute surprises.

Looking to buy or sell your home on Staten Island? For all your real estate needs, look no further than Tom Crimmins Realty! Give us a call at (718) 370-3200, and we can provide you with professionally-trained agents who are flexible to all that you’re looking for!

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