What should a buyer conduct prior to closing the sale?

A final walkthrough is an essential step for a buyer to conduct prior to closing the sale. This serves as an opportunity for the buyer to ensure that the property is in the condition that was agreed upon in the contract. During this walkthrough, the buyer checks for any repairs that were supposed to be completed, ensures that all agreed-upon fixtures and appliances are still included, and verifies that the property is free from any new damages that might have occurred since the last visit.

This step is crucial because it allows the buyer to address any issues before the closing. It acts as a final confirmation that everything is as expected and that they are satisfied with the property's condition before taking on ownership. Making sure that the property meets their expectations can prevent potential disputes or disappointments once the sale is final.

Although conducting an appraisal, an inspection, or a survey can be important steps in the real estate process, they typically take place earlier on in the transaction. An appraisal is usually required by lenders to confirm the property's value before approving a loan, while inspections help identify any structural issues that need attention. A survey is essential for determining property boundaries, but these activities do not replace the critical importance of the final walkthrough as a last check before closing.