When is the "Final Walk-Through" typically conducted?

Study for the Texas Promulgated Contracts Exam. Gain understanding with detailed explanations and various question formats. Prepare effectively and ace your test!

The "Final Walk-Through" is typically conducted a few days before closing to ensure that the property is in the agreed-upon condition and that any repairs or contingencies have been addressed as per the contract terms. This is an important step for the buyer to verify that they are receiving the home as expected and to check for any last-minute issues that may need to be resolved before finalizing the purchase.

Conducting the walk-through right before closing allows the buyer to confirm that all aspects of the property are satisfactory—ensuring appliances function, personal property or items included in the sale are present, and any negotiated repairs have been completed. It serves as a final quality check, giving the buyer peace of mind before making such a significant financial commitment.

The other options do not align with standard real estate practices. For instance, conducting a walk-through immediately after closing would not provide an opportunity for the buyer to address any issues before finalizing the transaction. A walk-through a week before listing the property is irrelevant to the buyer's process in acquiring the home. Similarly, conducting it right after the buyer submits an offer does not allow for the necessary checks, as the buyer would not have completed the necessary inspections or contingencies at that point.

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