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What Buyers Should Know: Eric Sanders, Chicago Attorney, Shares Tips for Walk-Throughs Before Closing

The final walk-through is one of the most important steps in the homebuying process, yet it’s often overlooked or rushed. This crucial step gives buyers a chance to ensure that the property is in the agreed-upon condition before closing the deal. Eric Sanders, a seasoned Chicago attorney specializing in real estate, emphasizes the importance of a thorough walk-through and offers practical tips to make the most of it. Here’s what buyers need to know.

What Is a Final Walk-Through?

A final walk-through typically occurs a day or two before closing on a property. It’s not a formal home inspection but rather an opportunity for buyers to verify that the property’s condition aligns with the terms of the purchase agreement. This step ensures that:

  • Agreed-upon repairs have been completed.
  • No new damage has occurred since the inspection.
  • The property is vacant and ready for move-in.

Skipping this step or treating it as a formality could lead to costly surprises after the purchase is complete.

Why Is the Final Walk-Through Important?

Eric Sanders stresses that the walk-through is a buyer’s last chance to address issues before closing. After signing the closing documents, resolving disputes becomes more challenging and often requires legal intervention. Ensuring that everything is in order can save buyers from unexpected expenses and stress.

Tips for a Successful Walk-Through

To make the most of your final walk-through, consider the following tips:

1. Bring the Necessary Tools

Before heading to the property, gather the tools you’ll need, including:

  • A copy of the purchase agreement.
  • A checklist of items to inspect.
  • Your smartphone or camera for documenting issues.
  • A flashlight for checking dark areas like basements and attics.
  • Any receipts or documentation related to agreed-upon repairs.

2. Inspect Repairs Thoroughly

If the seller agreed to make specific repairs, verify that they’ve been completed to your satisfaction. Eric Sanders advises buyers to:

  • Request copies of repair receipts.
  • Check that repairs were done by licensed professionals.
  • Test the functionality of repaired items, such as HVAC systems or plumbing fixtures.

3. Test Utilities and Appliances

Ensure that all utilities are functioning correctly and that appliances included in the sale are in working order. Test the following:

  • Lights and electrical outlets.
  • Water faucets, showers, and toilets.
  • Heating and air conditioning systems.
  • Kitchen appliances like stoves, refrigerators, and dishwashers.

4. Check for New Damage

The property should be in the same condition as when you made the offer, minus normal wear and tear. Look for new damage, such as:

  • Scratches or dents in walls and floors.
  • Broken windows or doors.
  • Leaks or water damage.

5. Verify Cleanliness and Vacant Possession

The home should be broom-clean and free of the seller’s belongings. Walk through each room to ensure that:

  • Trash has been removed.
  • Personal items are no longer on the property.
  • The garage, basement, and attic are empty.

6. Test Safety Features

Safety should never be overlooked. Check:

  • Smoke and carbon monoxide detectors.
  • Door and window locks.
  • Security systems, if included in the sale.

7. Document Any Issues

If you find problems during the walk-through, document them with photos or videos. Share this evidence with your real estate agent or attorney immediately. Depending on the severity of the issues, you may need to negotiate a resolution with the seller before closing.

What to Do If Issues Arise

If the walk-through reveals problems, Eric Sanders suggests these steps:

  • Communicate Promptly: Inform your real estate agent or attorney immediately.
  • Negotiate a Solution: This could involve the seller fixing the issue, offering a credit at closing, or placing funds in escrow until repairs are completed.
  • Delay Closing if Necessary: In some cases, delaying the closing may be the best option to ensure the issue is resolved.

Common Mistakes to Avoid

  • Rushing the Walk-Through: Take your time to inspect everything thoroughly.
  • Failing to Bring Documentation: Having the purchase agreement and repair receipts on hand is essential.
  • Overlooking Minor Issues: Even small problems can escalate into costly repairs if left unaddressed.

The final walk-through is a critical step in the homebuying process, offering peace of mind before closing the deal. By following these tips and working closely with experienced professionals like Eric Sanders, buyers can ensure that their new home meets expectations and is ready for move-in.

Don’t underestimate the importance of this final check. With a little preparation and attention to detail, you can avoid potential headaches and confidently close on your dream home.

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