Inspections & Appraisals

Contingencies

A contingency is a condition that must be satisfied before a real estate contract becomes legally binding and the transaction can move forward. Buyers commonly include contingencies related to financing approval, property inspections, and insurance requirements to protect their interests during the purchase process.

Before finalizing the purchase of your property, buyers will typically complete several important steps, including:

• Securing financing and obtaining homeowner’s insurance
• Reviewing important documents such as preliminary title reports, disclosures, and other transaction-related paperwork
• Conducting inspections of the property

Buyers have the right to investigate the condition of the property through a variety of inspections, which may include evaluations of the roof, termite or pest activity, chimney and fireplace systems, property boundaries, wells, septic systems, pools or spas, trees and landscaping, mold, lead-based paint, HVAC systems, and more.

In some situations, inspection findings or financing conditions may lead the buyer to request repairs, credits, or renegotiated terms. Responding objectively and strategically while protecting your best interests is where an experienced listing agent becomes especially valuable. With extensive experience handling a wide range of property transactions, we are committed to guiding our clients through negotiations professionally and effectively to help achieve the best possible outcome.

Loan Approval and Appraisal

We strongly recommend considering buyers who provide a lender’s pre-approval letter, loan commitment, or formal approval documentation. These documents offer greater assurance of financing approval than a simple pre-qualification or verbal confirmation from a lender.

As part of the financing process, the buyer’s lender will typically require a licensed appraiser to evaluate the property and confirm that the agreed-upon sales price accurately reflects the home’s market value.