The final walk through is what you do right before you close on your home. It is the last chance you have to see the home you bough before you close.it is also the time to check and make sure that everything in you Buyers Inspection has been completed.
After your offer has been accepted on a home, you do your 10day inspection. If you are lucky enough in today's market and you home is not a Foreclosure or a Short Sale, and you bought a Resale Home you can ask for repairs in you home inspection. In Arizona we use a Buyers Inspection Notice Sellers Respond Addendum. This is where you would request your repairs. Those repairs should be completed before you close on the HOME! This is where your final walk through comes into play.
A lot can happen in a month while you are waiting for the home to close.
I myself sold a home about 4 yrs ago. I painted, carpeted and got the home ready to sell, the day before closing the property, the buyer went back to the home to do the final walk through with there Realtor and the home was broken into...I could of died...Someone took a hammer to the walls and slopped paint all over the interior of the home. I did have insurance on the home to cover the repairs.. This is why it is good to do a Final Walk Through with your agent the day before close or even the morning before you go sign your docs.
The walk Through is very important, it protects the Buyer and you get to look once more at what you are buying before CLOSE. Ask your Realtor about your Final Walk Through
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