Should I insert a term in the purchase contract allowing a walkthrough 24 hours before possession?

Yes, you could. However, title is most often transferred in advance of the keys being handed over at noon on Completion Day. So, unless the condition of the property has been altered significantly from the time the offer was accepted, the contract is binding. If appliances are switched or a carpet stained is discovered, litigation is the normal recourse (talk to your REALTOR first, they may be able to mediate) The condition of the property could also change within 24 hours, rendering the “walkthrough” meaningless anyway.

Note: One of my past clients had a beautiful home. She received an offer VERY close to list price. Upon moving out, they moved the armoire in the living room that housed their TV. The stain from the wood had transferred over to the carpet. The owners had no knowledge of this stain before and it wasn’t apparent until move out it was there. The buyers wanted new carpet. Cost: $900 to replace the carpet on the main floor.

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