Inspections & Appraisals

Contingencies

A contingency is simply a condition that has to be satisfied before a contract becomes binding. Buyers commonly attach contingencies around home inspections or locking in financing.

Before the sale closes, your buyer will need to work through a few key steps:

• Securing financing and insurance
• Reviewing every relevant document — preliminary title reports, disclosures, all of it
• Inspecting the property, which can include roof, termite/pest, chimney/fireplace, boundary survey, well, septic, pool/spa, arborist, mold, lead-based paint, HVAC, and more

So what happens when a buyer comes back demanding a renegotiation? How do you respond fairly while still protecting your bottom line? This is exactly where an experienced listing agent earns their keep. We've handled property sales in every situation imaginable, and we bring that same level of commitment to every client, no exceptions.

Loan Approval and Appraisal

Our advice: favor buyers who come with a lender’s pre-approval, approval letter, or written loan commitment. These carry far more weight than a simple pre-qualification or no documentation at all. Once that’s in place, expect an appraiser from the lender’s side to inspect your property and confirm the sale price is on target.