South Dakota Buyer's Final Walk Through Inspection Form

State:
Multi-State
Control #:
US-02736BG
Format:
Word; 
Rich Text
Instant download

Description

A final walk through is an inspection performed by the buyer anywhere from a few hours to five days before closing. Its main purpose is to ensure that the property is in the agreed-upon condition in which purchaser expects to receive the property, i.e., that all agreed-upon repairs have been made and no problems have arisen since the buyer last saw the house. The final walk through can take place without the seller being present and often does. However, it is a good idea for the seller to be on the premises at the time.
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FAQ

A final walkthrough is just like it soundsit's a walk through the house you're about to buy. It's an opportunity for you and your real estate agent to spend a few hours looking over the placeroom by room, inside and outto check that everything works as it should.

Schedule the walk-through immediately before the closing In most cases, the final walk-through is scheduled within 24 hours prior to the closing date. Your real estate agent can help you set a time with the seller's agent when you can be sure the property will be accessible and (hopefully) vacant.

The final walk through is not required by law - however, as a buyer, you should be highly motivated to complete this. You want to make sure everything is in working order as expected, and that nothing has gone wrong as a result of the former owner vacating the property (if indeed they are no longer there).

This form is used by a buyer's agent when the buyer conducts a final walk-through inspection at the time for closing escrow and observes that requested repairs have not been completed, to make a demand on the seller to complete the repairs.

Follow this checklist to ensure you don't overlook any steps.Turn on and off every light fixture.Run water and check for leaks under sinks.Test all appliances.Check garage door openers.Open and close all doors.Flush toilets.Inspect ceilings, walls, and floors.Run the garbage disposal and exhaust fans.More items...

There's no rule or legal requirement that homebuyers must participate in a final walk-through inspection right before closing. But those who skip it could be making a costly mistake. Problems at walk-through don't crop up often.

A: Inspections are done by professionals who look for serious structural issues like bad foundations, wiring, or plumbing. A walk-through, on the other hand, comes late in the game, typically just before closing, to make sure that you get what you're paying for.

Providing your clients with a final walk-through checklist will help keep them focused during the homestretch of the buying process. The final walkthrough is your client's last chance to review the home and property from front to back and ensure they are satisfied before closing on the deal.

Walkthrough FormThis form is created to be filled out by an administrator, peer observer or a coach. This form yields itself to be printed, and copies can be made for the administrator to keep and file, and also to provide a copy for the teacher to keep for his/her personal records.

The buyer and the agent will do the final walk-through, typically 24 hours before closing. They will note any issues that arise. The seller addresses the buyer's concerns. If any problems arise in the final walk-through, the seller is allowed to address them in a timely manner.

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South Dakota Buyer's Final Walk Through Inspection Form