Snagging in real estate is the process of inspecting a property for damages that were not disclosed before the inspection was conducted. Sometimes the words punch-listing or walk-through are used as synonyms. The snagging inspection is also referred to as handover inspection.
Regardless of the name, the process stays the same: An inspector will walk through the inspected property and conduct tests.He’ll document all damages found and take pictures. These findings are collected in a thorough report for the client and the developer if applicable. The selling party has to rectify the damages found. Usually there’s a second inspection afterwards, to make sure, the damages have been repaired.
It’s important to get the snagging inspection done before signing a contract or handover document. With damages discovered after signing a contract, there could be liability issues.