Inspections & Appraisals
Most buyers will have the property examined by a licensed property inspector.
The Buyer's Property Inspection
Most buyers will have the property examined by a licensed property inspector to ensure everything in the contract is accurate. Inspection time frames will be laid out in the Purchase Agreement. Some buyers will choose to have seperate inspectors look at different areas of the property (ie. roof, plumbing, or HVAC inspectors).
If the buyer is receiving a loan, a licensed appraiser will most likely examine your property as well. Since the agreement is contingent upon financing, the lending institute will require confirmation that their investment in your home is accurate. Therefore, they will require a third party appraiser to determine the value of your property.
The Closing Agent
Either a title company or an attorney will be chosen as the closing agent, or escrow, whose job is to examine and insure clear title to real estate. After reviewing the recorded history of your property, they will certify that your title is clear of encumbrances (ie. leases, mortgages, or restrictions) by the date of closing to allow the transfer of title to the buyer.
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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 commitment.
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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Tips For Selling Your Property
Give your property a deep clean
First impressions mean everything. Before you decide to list your property, make sure it has been deep cleaned. This means cleaning offices, bathrooms, surfaces, floors, rugs - we recommend using professionals to ensure your property presents well.
Declutter the property
When a multifamily property is clean and clutter-free, buyers and investors can focus on the asset’s performance and condition rather than deferred maintenance, disorganized common areas, or unnecessary distractions. Decluttering and organizing your space will go a long way in appealing to potential buyers.
Call a handyman
When selling a property, you should make sure everything that needs to be fixed has been taken care of before listing.
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. Get rid of any bright, outdated paint colors and go with a neutral palette throughout the property.
Increase Your Curb Appeal
The outside aesthetic of your property is just as important as the inside. Give buyers a good feeling before they even enter the property. Landscaping, mulch, flowers, pressure washing the roadways and exterior of the property are all simple ways to increase the value.
Stage Your Property
Staged model units help investors envision what the property would look like through the eyes of a tenant - consider a professional staging company.
Curious What Your Property Is Worth
In The Current Market?
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Areas We Serve
Proudly managing properties across the Pacific Northwest
Washington
- Vancouver
- Seattle
- Tacoma
- Olympia
- Puyallup
- Tri-Cities
- Everett
- Spokane
- Yakima
- Bellingham
Oregon
- Portland
- Salem
- Bend
- Medford
- Klamath Falls
- Roseburg
- Newport
- LaGrande
- Florence
- Astoria