#1
Inspections & Appraisals
The majority of buyers opt to have a licensed property inspector assess the property to confirm contract accuracy. The designated inspection periods are delineated in the Purchase Agreement. Some buyers may even opt for distinct inspectors to evaluate specific property facets (e.g., roof, plumbing, or HVAC inspectors).
Should the buyer be securing a loan, it's probable that a licensed appraiser will assess your property. Given the financing contingency of the agreement, the lending institution seeks validation of the accuracy of their investment in your property. Hence, a third-party appraiser will be mandated to ascertain the property's value.
The Closing AgentA closing representative, will be designated—either a title company or an attorney. Their responsibility entails scrutinizing and ensuring the unblemished title to the real estate. After assessing your property's documented history, they will validate the absence of any encumbrances (such as leases, mortgages, or restrictions) by the closing date, thereby facilitating the smooth transfer of title to the buyer.
When you are ready to get started, call us at (719) 884-0777 or complete this short form one of our agents will be in touch.
Free Rental Analysis
Buyer or Seller?
What else you should know...
ContingenciesContingencies refer to conditions that must be fulfilled before a contract becomes legally binding. For instance, buyers often stipulate contingencies based on home inspections or securing financing.
Prior to finalizing their purchase of your property, the buyer will undertake necessary procedures, including:
These include:
- Securing financing and insurance.
- Reviewing pertinent documents such as preliminary title reports and disclosure documents.
- Conducting property inspections. Buyers possess the right to pursue comprehensive property condition evaluations through various inspections, covering aspects like roof, termite/pest, chimney/fireplace, property boundary survey, well, septic, pool/spa, arborist, mold, lead-based paint, HVAC, and more.
Managing renegotiations objectively and equitably when the buyer requests adjustments, all while safeguarding your interests, can significantly impact the transaction's outcome. This is precisely where the expertise of a professional listing agent becomes invaluable. With a track record of handling diverse property sales, we assure our proficiency and unwavering commitment to every client, regardless of their circumstances.
Loan Approval and AppraisalIt is advisable to consider buyers who can provide a lender's pre-approval, approval letter, or a written loan commitment. These documents offer a stronger assurance of loan approval compared to a mere pre-qualification or insufficient documentation from a lending institution. Additionally, anticipate an appraiser from the lender's company to evaluate your property, confirming that the sales price aligns appropriately with the market value.
Tips For Selling
Give your house a deep clean
First impressions mean everything. Before you decide to list your home, give it a deep clean. This means cleaning toilets, wiping down surfaces, mopping floors, cleaning rugs and scrubbing bathrooms - and even consider calling in the professionals to ensure that your home is in the best condition it can possibly be.
Declutter the home
When a home is clutter-free, buyers are able to focus on the actual home instead of on the piles of mail, laundry, and general mess in your home. Potential buyers want to envision their items on your counter versus resisting the urge to clean up your mess. Decluttering and organizing your space will go a long way in appealing to potential buyers.
Call a handyman
When selling a house, you should make sure everything that needs to be fixed has been taken care of before listing a home. Potential buyers will come into your home knowing you took care of it, giving them more peace of mind.
Paint the walls
Not only is painting a great way to clean up the walls but making the overall color scheme neutral will increase the appeal to potential buyers, making it easier for them to envision their belongings in the house - get rid of any bright, outdated paint colors and go with a neutral palette throughout the house.
Staged homes tend to fill quickly because they feel homier - if you have neutral furniture that you can leave in the home, do it, otherwise consider a professional staging company.
Depersonalize your homeYou want to leave a few nice, framed photos around the house to make the home appear inviting and lived in, but in general, removing your very personal items, such as family photos will let the potential buyers see their photos in those places, versus yours.
