Inspections & Appraisals

Contingencies

A contingency is a condition that must be satisfied before the Purchase Agreement becomes binding. Common contingencies include the buyer securing financing, completing inspections to their satisfaction, and reviewing all required disclosure documents.

Before the sale is finalized, the buyer will typically complete the following:

• Securing financing and homeowner’s insurance
• Reviewing all pertinent documents, including preliminary title reports and seller disclosures
• Inspecting the property, which may include assessments for roof condition, termite or pest activity, chimney and fireplace integrity, property boundaries, well and septic systems, pool or spa equipment, mold, lead-based paint, HVAC systems, and more

When a buyer comes back with renegotiation demands after inspections, having an experienced agent in your corner is what separates a deal that closes from one that falls apart. We have navigated these moments many times and know how to respond firmly, fairly, and in your best interest.

Loan Approval and Appraisal

When evaluating offers, we recommend favoring buyers who come with a lender’s pre-approval letter or written loan commitment over those with only a pre-qualification or no documentation at all. A pre-approval reflects a more thorough vetting process and signals a more reliable buyer. The lender will also send an appraiser to confirm that the sale price aligns with the property’s market value.