Inspections & Appraisals

The Process

Initial Agreement and Deposit

A written purchase agreement establishes the timeline and responsibilities for both buyer and seller. Keep clear written records of all offers, counter-offers, and addenda—your agent will help document every step.

The Closing Agent

A neutral closing agent (title company or attorney) holds funds in escrow, verifies title history, and ensures all contractual contingencies are met before closing.

How to Hold Title

There are several ways to hold titles, each with tax and transfer implications. Consult an attorney or tax advisor to choose the best option for your circumstances. We can introduce trusted local professionals if needed.

Inspections

Schedule licensed inspectors within the contractual timeframe. Specialists (roof, plumbing, environmental) may be necessary for certain properties. Inspection findings can prompt renegotiation or repairs before contingencies are removed.

Appraisals and Lending

Keep in regular contact with your lender for required documents. If financing is a condition, a third-party appraisal will confirm the property’s value. Confirm loan approval two weeks before closing to prevent delays.

Association Approval

If the property requires association approval, request rules and submission deadlines from the seller. Provide any required documents within the agreed timeframe so approval can be recorded with the deed at closing.

Property Insurance

Lenders typically require insurance. Choose appropriate coverage—homeowners insurance for owner-occupied homes or landlord insurance for rental properties—to protect against fire, theft, and covered weather events.