The Final Inspection Walk Through with Your Builder. Before you go to settlement on a new home, you and your builder will âwalk throughâ the house to conduct a final inspection. The walk-through provides an opportunity for you to learn how your new home works and to spot items that need to be corrected or adjusted. The operation of the houseâs components.
A special warranty deed, on the other hand, limits the seller's promise -- or warranty -- to title problems that come up while the seller owned the property, but gives no warranty for propblems prior to that point. For example, builders often give special warranty deeds.
Ownership of a property is transferred from the seller to the buyer with certain guarantees against future problems or claims, which protect the buyer against fraud. The difference between a Warranty Deed and Special Warranty Deed is the extent of the coverage of the warranty. Both types of Warranty Deeds (Special and General) guarantee the buyer: That the seller owns the title. That the seller is legally allowed to sell the property.