The pre-closing inspection is the buyer’s opportunity to ensure that the house they are buying is in the same condition it was in when they first inspected it (prior to signing contracts).
Protecting Your Interests
The pre-closing inspection, also referred to as "the final walk-through" is a critical step in the home buying process, but many home buyers fail to take it seriously. As a buyer, you need to conduct a thorough inspection prior to closing on the house. Why? Because in most states, once the closing is completed, the seller has no further obligations to you.
How to Conduct Your Inspection
When you are doing the final inspection, start with the basics. Examine the windows and doors and make sure all of them open, close and lock. Double-check that the windows are not cracked or broken and that all screens are present.
Make sure there are no signs of flooding, leaking or water damage of any kind. Look on the ceilings and floors for evidence of this. If you see anything that seems awkward, make sure you speak to your agent about it.
Check that all appliances are working. That includes turning the oven on and ensuring it gets hot. Turn on the burners on the stove to make sure all of them light. Actually open the refrigerator and freezer to make sure they are working. Run the dishwasher, turn on the washing machine and the dryer.
Though you may feel awkward doing all of this, it will save you money and time down the road.
You should also turn all lights on and off to make sure they work. You might even check all the electrical plugs to ensure they work. Make sure none of the walls were damaged by movers or anyone else. Verity that any pools, hot tubs, saunas or other items are all operational and able to be tested.
Check on Repair Items
If the seller was required to do any work in the home, inspect the work carefully. Ask if there are any copies of work orders and warranties / guarantees by the vendors who performed the work.
It's usually a good idea to have your agent present when conducting your inspection. That way, you can speak to him or her about any concerns you have along the way. Your agent can negotiate any agreements that need to be made based on any of your findings.
Don't Be Shy
This is not the time to be shy or feel awkward. You are about to make what will probably be the largest investment of your life. Make sure you protect your investment by spending ample time during the pre-closing inspection.
Sometimes boxes and other obstructions make it difficult or impossible to do a complete inspection. In that case, make sure you voice that concern to your agent and / or attorney so an arrangement can be made to give you a chance to complete your inspection before all funds are released to the seller.
The pre-closing inspection usually takes place right before the closing (within 24 hours in most cases). Because of this, many buyers are anxious and exited, and therefore fail to do a thorough inspection. Slow down, keep a cool head, and give your future home a thorough pre-closing inspection.
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