Your Mortgage Walkthrough Explained

Navigating the mortgage process can seem complex, but understanding the walkthrough is key to a smooth homebuying experience. This phase involves a final inspection of the property before closing to ensure everything is as agreed upon and in good working order.

The mortgage walkthrough is your last chance to identify any issues with the property, such as necessary repairs or items that were supposed to be included in the sale but are missing. It's a critical step to protect your investment and ensure seller obligations are met.

What to Expect During Your Mortgage Walkthrough

The mortgage walkthrough typically occurs 24-48 hours before your scheduled closing appointment. It's a detailed examination of the property's condition, including all major systems like plumbing, electrical, and HVAC, as well as checking for any damage that may have occurred since your last visit.

During this inspection, you'll verify that any agreed-upon repairs have been completed, that all included appliances are present and functioning, and that the property has been broom-clean. You'll also confirm that any personal property the seller agreed to leave behind is still there.

Common Issues Found During a Walkthrough

While most walkthroughs go smoothly, it's important to be prepared for potential issues. Common problems include unfinished repairs, new damage to the property, or missing fixtures and appliances that were part of the sale agreement.

If issues are discovered, such as a leaky faucet, a broken window, or an appliance not working, it's crucial to document them immediately. You'll typically need to discuss these findings with your real estate agent and the seller's agent to reach a resolution before closing, which might involve a credit at closing or a commitment to fix the issues post-closing.