Conducting a final walkthrough before closing on your new home is important. As a real estate attorney in New Jersey, I advise my clients that this crucial step ensures that the property is in the agreed-upon condition and that any negotiated repairs or improvements have been completed. Here is why you should never skip this essential part of the home-buying process:
Ensuring Agreed-Upon Repairs
During the negotiation phase, it is common for buyers and sellers to agree on certain repairs or modifications. A final walkthrough allows buyers to confirm that these repairs have been completed to satisfaction. This step can prevent future disputes and ensures you are getting exactly what you agreed to.
Checking for Damage or Changes
After the offer is accepted, the property may still be occupied or undergoing repairs. A final walkthrough helps ensure no new damage has occurred. Whether it is a broken window, a leaky faucet, or unauthorized changes to the property, this is your last chance to address these issues before closing.
Verifying Included Fixtures and Appliances
During the sale, certain fixtures and appliances are often included in the deal. The final walkthrough ensures these items are present and in working order. Imagine discovering after closing that the washer and dryer you were promised are missing or broken—this step can save you from such unpleasant surprises.
Confirming Property Condition
A final walkthrough is not just about the big stuff. It is also an opportunity to make sure the property is clean and free of unwanted items. Ensuring the property is in move-in ready condition can save time and hassle on your big day.
Preventing Legal Disputes
From a legal standpoint, a final walkthrough can help prevent potential disputes. If issues are found, they can be addressed before closing, reducing the risk of post-closing litigation. It is a proactive step that provides peace of mind to both buyers and sellers.
Conducting a Thorough Walkthrough
When conducting your final walkthrough, take your time and be thorough. Bring a checklist, test all appliances, inspect all rooms, and verify that all agreed-upon repairs are completed. If any issues arise, communicate them promptly to your real estate attorney or agent to determine the best course of action.
In conclusion, the final walkthrough is a critical step in the home-buying process. It ensures that your new home is in the condition you expect and that all agreements have been honored. Do not rush this step; your future comfort and satisfaction depend on it. If you are considering buying or selling a home in New Jersey, contact Joseph DiPiazza, Esq. today. I'll provide you with expert legal guidance to protect your interests and ensure your transaction goes smoothly from start to finish.
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