STEP SIX:  Inspections and Appraisal

Escrow began when you accepted a buyer's purchase offer and earnest money deposit. What will follow is the inspection, loan process and appraisal of your home.

1.)    TITLE: The title company’s job is to examine and ensure clear title to real estate transfer. After researching the complete recorded history of your property, they'll certify that your title is free and clear of encumbrances (e.g. mortgages, leases, or restrictions) by the date of closing. All new encumbrances are duly included in the title and a preliminary report which will be drawn at the end of the process.

2.)    A contingency is a condition that must be met before a contract becomes legally binding. Before completing his or her purchase of your property the buyer review every aspect of the property, as provided for by purchase agreements.  This also includes:
 

• Obtaining financing and insurance
• Reviewing all pertinent documents, such as preliminary title reports and disclosure documents
• The buyer has the right to perform a 3^rd party property inspection to determine the condition of your property by subjecting it to a wide range of inspections, such as roof, termite/pest, chimney/fireplace, property boundary survey, well, septic, pool/spa, arborist or mold.

Depending on the outcome of these inspections, a couple of obstacles may happen after reviewing the property and all documents. The buyer may request to renegotiate the terms of contract and sometimes price to reflect the outcome. This situation could become emotional for any seller and the response is crucial in keeping the negotiations in your favor. This is when a skilled listing agent can make a real difference in orchestrating a positive outcome of the transaction. Having experience and overcoming all types of turbulence in various property sales situations, we are proficient and entirely committed to every important client.

3.)    TITLE: The title company’s job is to examine and ensure clear title to real estate transfer. After researching the complete recorded history of your property, they'll certify that your title is free and clear of encumbrances (e.g. mortgages, leases, or restrictions) by the date of closing. All new encumbrances are duly included in the title and a preliminary report which will be drawn at the end of the process.

4.)    A contingency is a condition that must be met before a contract becomes legally binding. Before completing his or her purchase of your property the buyer review every aspect of the property, as provided for by purchase agreements.  This also includes:

Are you ready to go?  Your almost there! But don't pack your bags just yet; you never know when something unexpected might happen. The buyer's offer may fail to push through, or the new buyers come by to visit right when your house is in chaos. There's a proper time to start preparations for moving, and given our previous experience with these transactions, we'll help you determine when that time will be.
  
 

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