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The importance of a thorough final walkthrough - almost learned the hard way!

Had my final walkthrough on my new condo at 9:30am today before a closing at 11. I’ve been in escrow for three weeks (fast close!) Me to my agent: sure, an hour should be plenty of time! How much could go wrong in three weeks in a 1br condo?

Well, I walked in and was doing all the usual things, checking lights, running the appliances, etc...then, a light brown stain on the living room ceiling caught my eye. Having been through this rodeo a number of times in my last condo I immediately speculated it was water damage. Upstairs after some scrounging around my agent and I found water in the water heater pan and dampness nearby. 🙃

The property is an estate sale and part of my offer included an inspection for info purposes only, but no contingency/power to negotiate fixes (this was also in the winning offer when I sold my condo last month, except the buyer never did any inspection at all.) But my inspection showed no issues with water damage or the water heater so I was on pretty solid footing as far as this being a new issue.

My agent had some back and forth with seller’s agent but we settled on $4K in escrow to identify issue and eventually repair ceiling (which will have to be cut open later this week by plumber - it’s likely a clogged drain that is backing up into the water heater pan.) Hopefully it won’t actually be extensive enough to require $4K in work but wanted to cover the bases just in case.

Only closed about 90 minutes late but definitely added A LOT of extra anxiety to the day. Will be a pain to deal with but feeling relieved I caught the issue in advance.

TL; DR do a thorough walkthrough close to closing...but maybe leave yourself a little time in case there are any major issues.

submitted by /u/newseller1023
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source https://www.reddit.com/r/RealEstate/comments/ikb8p1/the_importance_of_a_thorough_final_walkthrough/
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