Final walk-throughs are not a home inspection. It’s not a time to begin negotiations with the seller to do repairs, nor is it a contingency. A final walk-through is an inspection performed anywhere from a few hours to five days before closing, and its primary purpose is to make certain that the property is in the condition you agreed to buy — that agreed-upon repairs, if any, were made and nothing has gone wrong with the home since you last looked at it. Buyers are often pressed for time as the day draws near for closing, which means buyers can be tempted to pass on the final walk-through. It is never a good idea to forgo the final walk-through.
Sellers often move out before closing. Ever watch HGTV’s House Huntersand try to guess which home the buyers will choose? Well, I’ll let you in on a secret. It’s the vacant house! Trust me, nine times out of 10, it’s the vacant one. That’s because they film the show backwards, starting with the house the buyer purchased, just before it closes escrow.
Now, in situations where the seller has already moved out, it is even more imperative that buyers conduct a final walk-through. Problems arise when homes sit vacant for any period of time. For example, when termite companies test showers, they plug the shower drain and let the water run. Guess what happens if the termite inspector forgets to remove all the paper over the drain and doesn’t completely turn off the shower handle? A small drip, drip, drip can turn into a flooded bathroom. You don’t want to find out your home is flooded after you buy it.
http://homebuying.about.com/od/homeshopping/qt/Walkthrough.htm
For more example and tips goto http://www.redfin.com/home-buying-guide/final-walk-through
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