Walk Through
A final inspection of the property conducted by the buyer, typically within 24-48 hours before closing. This allows the buyer to verify that the property's condition hasn't changed since the initial inspection and that any agreed-upon repairs have been completed.
Example
“During the final walk-through, the buyers discovered that the sellers had removed the expensive light fixtures that were supposed to convey with the property.”
Memory Tip
You literally walk through the house - it's exactly what it sounds like!
Why It Matters
The walk-through protects buyers from surprises at closing and ensures sellers have fulfilled their contractual obligations regarding property condition and agreed-upon repairs.
Common Misconception
A walk-through is not the time to renegotiate the purchase agreement or bring up new issues that were visible during the original inspection.
In Practice
During a walk-through, a buyer discovers that the seller removed light fixtures that were supposed to stay with the house, allowing them to address this issue before closing rather than after taking ownership.
Etymology
A compound term from 'walk' and 'through,' literally describing the action of walking through a property to inspect it before closing.
Common Misspellings
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