UPDATED: Mar 28, 2024
Closing on a new home is an exciting experience. After house hunting, touring and making offers, you’re finally about to finish the process. And one of the last steps you’ll complete before the house is officially yours is the final walk-through.
If this is your first time buying a home, you may be wondering how a final walk-through works or what you should expect during a walk-through. We’ll break all of that down in this article to make sure you’re prepared for the final stretch of the home buying process.
Often confused with a home inspection, a final walk-through is a home buyer’s last chance to inspect a house before closing day. Buyers and their real estate agent travel from room to room to ensure the home is in the agreed-upon condition.
When buying a house, the final walk-through protects you and ensures you’re getting exactly what you’re paying for.
Anyone who has built a home will be familiar with the phrase “blue tape walk-through.” The name comes from the blue tape builders use to mark off areas that need additional attention in the final steps of the building process. During the walk-through, you can point out any spots that need additional work or weren’t completed as promised by the builder.
So what’s the difference between a final walk-through and a blue tape walk-through? With a blue tape walk-through, you’re checking to make sure the builder has completed everything they’re supposed to, and the house is in the condition they promised. It happens several weeks before you officially move into the new home.
A final walk-through happens just before closing – often on the same day. Like the blue tape walk-through, you're confirming the home is in the condition you were promised – either what you saw on the closing day or what it should be after the seller makes any repairs you requested.
In most cases, the buyer and their real estate agent attend the final walk-through. You shouldn’t complete the process without your agent since it’s their job to be familiar with the process and the home and to advocate on your behalf. If you find any issues during the final walk-through, your agent will contact the seller’s agent to get them straightened out.
The seller and their agent don’t generally attend the final walk-through. Participating in the walk-through without them gives you more freedom to inspect the home and discuss any issues with your agent.
The final walk-through is usually scheduled the day before closing or on closing day. You should schedule it as close to closing as possible to ensure the home will be in the same condition when you get the keys and to avoid any problems at closing.
It’s important to schedule the final walk-through after the homeowner has moved out. If the seller is still in the home, something can change or get damaged – and you wouldn’t know about it until after closing.
A final walk-through generally takes an hour or more to complete. How long it takes will depend on the size of the property, the number of repairs to verify and how many issues are discovered during the walk-through. Take your time and be thorough. If there are any flaws or breaches of contract, you don’t want to overlook them.
As you prepare for your final walk-through, you must be aware of what to look for. Here’s a starter checklist to use on the big day:
Don’t keep quiet about any issues you notice – immediately point them out to your real estate agent. If you don’t report them before closing, it may be too late to have the seller take care of it or take care of it in time for closing. Don’t close on the home until the issue(s) is resolved. Depending on how soon the closing is, there may be time to make any necessary repairs. In some cases, you can delay the closing, or hold back funds in an escrow account after closing until the issue is resolved.
In some cases, you may need to renegotiate the terms of the purchase agreement because you discovered a significant and likely expensive problem during the final walk-through. If the seller won’t budge, you’ll have to decide the best course of action. Some buyers would eat the cost, while other buyers would walk away from the deal.
If you back out of buying the house, work with your agent – and possibly an attorney – to help you recover your earnest money. Since the sale fell through because of the seller’s actions (or inaction), you should be able to get your money back.
There’s a lot to consider when preparing for your final walk-through. We’ll answer some of your frequently asked questions.
The final walk-through usually happens 24 hours before closing. But it can also take place on the same day. Avoid scheduling the final walk-through too far ahead of closing.
The final walk-through is the last opportunity before closing for buyers to inspect the home and decide that it meets their expectations. Bring anything to the seller’s attention that isn’t as promised in the purchase agreement. Ask the seller to address any damage to the home since you made the offer and complete any pending repairs.
Ideally, the house should be empty during the final walk-through. If the sellers haven’t removed their belongings, it may be more difficult to thoroughly inspect the home, and you may miss any damage hidden by furniture.
It’s essential to keep some questions in mind so you don’t forget anything. As you’re touring the home for the last time, ask yourself:
When buying a home, the final walk-through is one of the most important steps. You’re in the home stretch, and you’re finally getting to see your home as it will be when you get the keys – so you must be prepared before the walk-through.
If you’re ready to start searching for your dream home, connect with an expert agent today.
Home Buying - 4-Minute Read
Miranda Crace - Apr 21, 2023
Wondering what goes into a blue tape walkthrough as a home buyer? Read our guide on what you should know when making your blue tape inspection checklist.
Home Buying - 4-Minute Read
Miranda Crace - Jun 17, 2024
Home Selling - 8-Minute Read
Carey Chesney - Dec 29, 2023
Nervous about selling your house quickly? Find out what inspectors look for, and learn more about the things that might fail a home inspection.