What is a final inspection?

The final inspection, also known as the pre-settlement inspection, is a pivotal moment in a vendor’s real estate journey and marks the last opportunity for the purchaser to assess the property before they approve settlement to proceed.  It serves as their ultimate opportunity to verify that the property aligns with the conditions outlined in the contract.

As a vendor, meticulous preparation is essential for a seamless and successful inspection. In this guide, we’ll explore the key steps to ensure your home is ready for inspection and how to handle any issues that may arise post-inspection.

Purchasers may request for you be in attendance to ask questions, or to show them the operation of specific devices at the property. If the purchaser requests your attendance, please try an accommodate them as best as possible. Purchasers are just trying to make their transition into your home as easy as possible. 

Preparing the home for inspection 

1. Clean and Presentable Condition: Before the final pre-settlement inspection, invest time in thoroughly cleaning the property. Presenting the home in its best condition not only leaves a positive impression but also allows the purchaser to envision themselves in a well-maintained space. 

2. Empty and Ready: If the property is meant to be vacant by the final inspection, ensure it is empty and all personal belongings are removed. This creates a clear canvas for the purchaser to inspect every aspect of the property without any distractions. 

3. Utilities and Services: Confirm that all utilities and services, including water, electricity, and gas, are connected and in working order. Ensure any storage hot water system is operational and at temperature. This ensures the purchaser can test appliances and systems during the inspection, leaving them confident in the property’s functionality. 

4. Repairs and Maintenance: Address any outstanding repairs or maintenance issues before the inspection. Attend to minor damages, paint touch ups, and fix any leaking taps. Ensure all light fitting are in working order, both inside and out.

5. Documentation and Manuals: Provide the purchaser with relevant documentation and manuals for appliances, heating/cooling systems, and other features of the property. This information equips them with the knowledge needed to maintain the home effectively. 

During the inspection

Please have all available keys on hand together with any remote controllers to enable a smooth process. 

During the inspection the agent will guide the purchaser through the property to do their checks room by room. Once a room is completed, they will move onto the next room until all are completed. They will then proceed outside to do the same. 

If you are present during the inspection, please let the agent and purchaser conduct the inspection and do not be alarmed by the purchaser making notes as they go. Be available to answer any questions they may have or to demonstrate any appliances/devices if required. It’s all about creating a positive and informative experience. 

Handling issues after inspection 

1. Open Communication: If issues are identified during the final inspection, maintain transparent communication with the purchaser. The purchaser will provide a written list of their concerns. Discuss concerns openly and be prepared to negotiate on potential solutions to ensure a fair and satisfactory resolution. 

2. Agreeing on Repairs: The settlement agent will determine which repairs are the responsibility of the vendor before settlement. This might involve agreeing on a timeline for completing repairs or negotiating a reduction in the sale price to accommodate the cost of necessary fixes. 

3. Professional Assistance: Engage qualified professionals to address major concerns. Hiring licensed contractors for electrical, plumbing, or structural issues not only ensures quality repairs but also provides documentation and receipts for added credibility. 

4. Reinspection: Offer the purchaser an opportunity for a reinspection once repairs are completed. This demonstrates your commitment to resolving issues and assures the purchaser that agreed-upon fixes have been carried out satisfactorily. 

5. Legal Advice: In complex situations, seeking legal advice can provide guidance on the best course of action. A real estate lawyer can ensure that all parties are meeting their obligations and help navigate any legal complexities that may arise. 

Mastering the final pre-settlement inspection requires meticulous preparation and a proactive approach to issue resolution. By presenting your property in its best condition, addressing repairs promptly, and engaging in open communication, you can ensure a smooth and successful real estate transaction that leaves both parties satisfied. 😀 

Final Inspection Guide