Inspections & Appraisals
Most buyers will have the property examined by a licensed property inspector.
Inspections and Appraisals
Most buyers will hire a licensed property inspector to verify the condition of the property and confirm that everything aligns with what is outlined in the Purchase Agreement. Some buyers bring in multiple specialists to evaluate specific systems such as the roof, plumbing, or HVAC.
If the buyer is financing the purchase, a licensed appraiser will also review the property. The lender requires this independent assessment to confirm that the agreed-upon price accurately reflects the property's value before committing their funds.
The Role of the Closing Agent
A title company or attorney will serve as the closing agent responsible for examining your property's recorded history and confirming that the title is clear of any encumbrances such as existing leases, mortgages, or restrictions. This clearance must be established before the transfer of title to the buyer can take place.
When you are ready to get started, call us at 972.672.7221 or complete this short form and one of our agents will be in touch.
What Else You Should Know
Understanding Contingencies
A contingency is a condition that must be satisfied before the purchase contract becomes legally binding. Common contingencies include the buyer securing financing, completing a satisfactory home inspection, and reviewing all disclosure documents.
Before the sale is finalized, the buyer will typically complete the following:
- Securing their financing and homeowner's insurance
- Reviewing all relevant documents including title reports and seller disclosures
- Conducting property inspections which may cover areas such as the roof, pest and termite activity, chimney, fireplace, plumbing, HVAC, mold, lead-based paint, pool or spa, and more
When a buyer requests renegotiation based on inspection findings, having an experienced agent in your corner is critical. We have navigated these situations many times before. We know how to respond objectively, strategically, and in your best interests.
Loan Approval and Appraisal
We strongly recommend accepting offers from buyers who carry a lender's pre-approval letter or written loan commitment. This provides far greater assurance than a simple pre-qualification. Expect the lender to send an appraiser to review the property and confirm that the sale price is appropriate.
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Tips for Presenting Your Home Well
Start with a Deep Clean
First impressions are everything, and they begin the moment a buyer walks through the door. Before listing, give your home a thorough cleaning. Scrub bathrooms, wipe down every surface, mop floors, and clean rugs. If needed, bring in professionals to ensure the home is in the best possible condition.
Declutter Your Space
Buyers need to see the home, not the stuff inside it. When a space is clean and organized, buyers can picture their own lives there. Clutter pulls their focus in the wrong direction. A decluttered home communicates care, and that matters.
Handle Repairs Before You List
Take care of outstanding maintenance items before your property hits the market. When buyers walk into a well-maintained home, it builds immediate trust and confidence in the condition of the property.