When you are purchasing a house, you should not confuse a final walk-through with a house inspection. It is not a time to recommence negotiations with the vendor about additional repairs other than the ones which have already been agreed on. It is meant to ensure that the home is in exactly the same state as when you reached an agreement with the seller to purchase the property and that nothing has gone seriously wrong from the previous time that you checked it. It is also an opportunity to ensure that repairs agreed upon have been done to your satisfaction. It's normally conducted just prior to the closing, where you will sign the contract. You will most likely have a lot of things on your mind, but don't ever be tempted to forego the final walk-through.
The house may well be unoccupied since the seller has moved out in anticipation of the sale. In this case, the final walk-through will become much more important since things can go wrong even if the home is empty for a brief time period. For example, the termite company may have well covered the drain with paper while letting the shower run. In case the inspector forgets to take away the paper when he leaves, just a little drip from the shower can cause a flooded bathroom. You'll naturally want this to be fixed before you close the deal.
Take the case of a final walk-through just prior to closing for a home in which the home inspector had given the home a clear inspection because he had seen nothing that required repairs. The brand new homeowners arrived for the final inspection and to do the sensible precautions of turning the lights on and off, running water from all of the faucets and showers and making sure that the flushing system on the toilets worked. When they flushed the toilet in a particular bathroom, they discovered to their amazement that a foul smelling spray of water had erupted within the garden. The sewer pipes had been damaged and blocked by tree roots and the estimated cost for repair works was $7,000. The final walk-through allowed them to delay payment to the seller till the issue had been sorted out.
Sometimes, the seller won't transfer out of the house till the final day. With this case, you must do the final walk-through with the presence of the vendor and make the most of the opportunity to get additional info. The seller is going to be aware of all of the little issues in the home and will have the ability to answer any queries that you have. You can also use the final walk-through to ask the vendor what sort of house improvements he had planned but did not carry out.
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