Inspections & Appraisals

The Process

Initial Agreement and Deposit

A signed purchase agreement creates a legal commitment between buyer and seller. Keep written records of counter-offers, addendums, and timelines. We assist with documentation and ensure schedules are met.

The Closing Agent

A title company or attorney acts as escrow, holding and distributing funds until closing. They research title history to confirm it’s clear of encumbrances. All purchase-agreement contingencies must be satisfied before escrow closes.

How to Hold Title

Ownership can be held in several ways with different implications for transfer, financing, and taxes. Consult an attorney or tax advisor—and we can introduce trusted professionals—to choose the best method for your situation.

Inspections

Schedule a licensed inspector within the agreed timeframe. Inspectors identify conditions and may recommend specialty inspections (roof, plumbing, environmental) for commercial or older properties. If issues arise, you can renegotiate terms or request repairs before removing contingencies.

Appraisals and Lending

Stay in close contact with your lender and provide documents promptly. If financing is required, a third-party appraiser will verify the property’s value. Confirm loan approval with your lender at least two weeks before closing.

Association Approval

If the property is under an association, obtain rules and required documents from the seller and submit approval paperwork within the agreed timeframe. Your closing agent will record the approval with the deed at closing.

Property Insurance

Most lenders require insurance. Obtain homeowners insurance for owner-occupied homes or landlord insurance for rental properties to protect against fire, theft, and covered weather events.