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Inspections & Appraisals

Most buyers will have the property examined by a licensed property inspector.

Inspections and Appraisals: Essential Steps in Selling Your Property

When selling your property, inspections and appraisals play a critical role in ensuring a smooth and successful transaction. Scott Martin guides you through these essential steps to ensure all requirements are met with ease.

Property Inspections

Most buyers will hire a licensed property inspector to verify that the condition of your property aligns with the terms of the Purchase Agreement. The inspection timeline is outlined in the agreement, and buyers may choose to bring in specialized inspectors for areas like the roof, plumbing, or HVAC systems. We’ll help you prepare for these inspections to ensure your property is ready for review.

Property Appraisals

If the buyer is securing a loan, a licensed appraiser will likely assess your property to confirm its market value. Lenders require this appraisal to verify their investment is accurate, as the sale is contingent on financing approval. We’ll help you understand this process and ensure your property is positioned for a favorable appraisal.

The Role of the Closing Agent

Our attorney will act as the closing agent. Their primary job is to examine and certify a clear title to your property. After conducting a thorough review of your property’s recorded history, they will ensure it is free of encumbrances—such as leases, mortgages, or restrictions—by the closing date, enabling the seamless transfer of ownership to the buyer.

Ready to sell your property with expert guidance? Call Scott Martin at 781.532.8250 or complete the form. At Martin Property Management, we’re here to simplify the selling process and ensure your transaction is stress-free and successful.

What else you should know...

Contingencies

A contingency is a condition that must be met before a contract becomes legally binding. For instance, buyers will typically include contingencies upon home inspections or securing their financing.

Before completing his or her purchase of your property, the buyer will complete the necessary steps. These include:

  • Securing financing and insurance;
  • Reviewing all pertinent documents, such as preliminary title reports and disclosure documents; and
  • Inspecting the property. The buyer has the right to pursue details on the condition of your property through a wide range of inspections, such as roof, termite/pest, chimney/fireplace, property boundary survey, well, septic, pool/spa, arborist, mold, lead based paint, HVAC, etc.

How do you respond objectively and fairly to the buyer when a renegotiation is demanded, while acting in your best interests?

This is when a professional listing agent can make a real difference in the outcome of the transaction. Having dealt with various property sales in the past, we guarantee our expertise and total commitment to every customer, no matter what their situation is.

Loan Approval and Appraisal

We suggest that you accept buyers who have a lender’s pre-approval, approval letter, or written loan commitment, which is a better guarantee of loan approval than a pre-qualification or no documentation from a lending institute. Expect an appraiser from the lender’s company to review your property and verify that the sales price is appropriate.

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Curious What Your Home Is Worth

In The Current Housing Market?

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  • Waltham
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