What is the primary purpose of pre-closing walkthrough inspections?

The primary purpose of pre-closing walkthrough inspections is to verify that the property is ready for occupancy. This final inspection allows buyers to assess the condition of the property before the transaction is finalized. During this walkthrough, buyers can check for any issues that may have arisen since their last visit, ensure that any agreed-upon repairs have been completed, and confirm that the property is in the expected condition.

This step is crucial as it helps prevent any unpleasant surprises on moving day, ensuring that everything is in order and meets the buyer's expectations. In essence, it acts as a safeguard for the buyer, confirming that they are making a sound investment in a property that is ready for them to move into without significant work or repairs needed.

Conducting an appraisal of the property focuses more on determining its value, which is not the aim of a pre-closing walkthrough. Confirming the seller's occupancy is not a primary concern during this inspection, as the main focus is on the condition of the property rather than who resides there. Ensuring financing options are available is a separate process that occurs earlier in the purchasing journey, not at the point of final inspection before closing.