How do you incorporate the final walk-through and utility transfer into your buyer consultation and timeline?

1 What is the final walk-through?

The final walk-through is a chance for you and your agent to inspect the property before closing and make sure that everything is in the same condition as when you made the offer. It is also an opportunity to verify that the seller has completed any agreed-upon repairs, removed all personal belongings, and left behind any items that were included in the contract. The final walk-through usually takes place a few days or hours before closing, depending on your contract and local customs.

2 What is the utility transfer?

The utility transfer is the process of switching the utilities from the seller's name to yours. This includes electricity, gas, water, sewer, trash, phone, internet, cable, and any other services that you need or want in your new home. The utility transfer ensures that you have access to these services when you move in and that you are not paying for the seller's usage. The utility transfer usually takes place on or around the closing date, depending on your contract and local laws.

3 Why are they important?

The final walk-through and utility transfer are important because they can help you avoid potential problems and disputes that could delay or jeopardiate your closing. For example, if you find any damage, defects, or missing items during the final walk-through, you can ask the seller to fix them, compensate you, or renegotiate the terms of the contract. If you don't do the final walk-through, you may lose your leverage and have to deal with these issues after closing. Similarly, if you don't do the utility transfer, you may face service interruptions, billing errors, or liability issues if something goes wrong with the utilities in the property. If you do the utility transfer, you can also save money by choosing the providers and plans that suit your needs and budget.

4 How to incorporate them into your buyer consultation and timeline?

If you want to ensure a smooth and stress-free home buying experience, it is important to plan ahead and communicate with your agent, the seller, and the utility companies regarding the final walk-through and utility transfer. Start by asking your agent to include the clauses in your contract and explain them to you. Then, schedule the final walk-through with your agent and the seller at least a week before closing and confirm it a few days before. Prepare a checklist of items to inspect during the walk-through and bring a copy of your contract, inspection report, and repair receipts. Notify the utility companies of your move-in date and request a service transfer or a new account. Compare the rates and options available and choose the ones that work for you. Keep track of your utility account numbers, confirmation numbers, and contact information for future reference. Lastly, follow up with your agent, the seller, and the utility companies if you encounter any issues or questions during or after the final walk-through and utility transfer.

5 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?