Walkthrough

Definition

The final tour of a home before closing where you discover all the things that broke between the inspection and now. It's supposed to be a formality but often turns into a horror movie.

Example Usage

"During the walkthrough I found the seller took the dishwasher, all the light fixtures, and somehow the front porch railing. They left behind a note that said 'good luck.'" - A walkthrough survivor

Related Terms

Advanced

lis pendens

A public notice that legal action affecting a property's title has been filed, essentially a warning sign that there's drama ahead. Latin for 'suit pending' and headaches imminent.

🏠 Real Estate

Intermediate

proforma

A financial forecast showing what a property could theoretically earn under perfect conditions with perfect tenants in a perfect world. The real estate equivalent of a dating profile.

🏠 Real Estate

Intermediate

broker price opinion

An estimate of a property's value provided by a licensed broker rather than a certified appraiser, often used by lenders for less critical valuations. It's the fast-food version of an appraisal—quicker, cheaper, and potentially less reliable.

🏠 Real Estate

Advanced

highest and best use

The most profitable legal use of a property that's physically possible and financially feasible. It's why your residential lot might be worth more to a developer than your emotional attachment suggests.

🏠 Real Estate

Advanced

Foreclosure

When the bank decides it wants its house back, like a toddler reclaiming a toy it forgot about until someone else started playing with it. One person's financial tragedy is another person's "investment opportunity."

🏠 Real Estate

Beginner

Cozy

Real estate code for a space so small that your bed IS the living room. If the listing says cozy, pack a magnifying glass for the viewing. Your furniture will need to audition for a spot, and not everyone is making the cast.

🏠 Real Estate

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