A final inspection, often referred to as a "final walkthrough," is a critical final step in a real estate transaction, whether for residential or commercial properties. It serves as the buyer's last opportunity to ensure the property is in the agreed-upon condition before ownership is legally transferred at closing.

The final walkthrough typically occurs within 24 hours of the closing date. This specific timing ensures that the property's condition hasn't changed since the initial inspections and that the seller has vacated as per the agreement.

Buyers should approach the final inspection with a detailed checklist to ensure nothing is overlooked during this final "look-through".

• Verify Agreed Repairs: Confirm that all repairs requested after the initial home inspection have been completed professionally.
• Check Property Systems: Test major systems including electrical (lights, outlets), plumbing (faucets, toilets), and HVAC (heating and cooling).
• Assess Condition: Ensure the property is in the same condition as when the offer was accepted, with no new damage from the seller's move-out.
• Confirm Included Items: Verify that all fixtures and personal property included in the contract (e.g., appliances, window treatments) are still on the premises.
• Inspect Exterior: Check the grounds, garage, and any outbuildings for debris or unexpected changes.

For sellers, preparing for the final inspection is about honoring the contract and ensuring a smooth transition.

• Complete Maintenance: All agreed-upon repairs or renovations must be finished prior to this stage to avoid closing delays.
• Cleanliness: While standards vary, the property should generally be "broom clean" and free of all personal belongings and trash.
• Provide Documentation: Have manuals for appliances, warranties for recent repairs, and a list of service providers ready for the buyer.
• Keys and Codes: Gather all sets of keys, garage door openers, and provide any necessary security codes.

Issues found during the final walkthrough can impact the moving timeline and closing. If significant problems are discovered, such as incomplete repairs or new damage, the buyer may require the seller to address these before signing the final documents. In some cases, funds may be held in escrow to cover the cost of repairs after closing to keep the transaction on track.