When it Comes to Meeting Purchase Agreement Contingencies Prior to Home Closings, Marcia Goodman and Samson Properties in Virginia Ensure Success.
Prior to a home closing, all the contingencies of the purchase agreement must be met and approved. Whether it’s the approval of the seller’s property disclosure statement, the preliminary title report, appraisals and even pest inspections. It is your Realtor’s and real estate broker’s job to walk you through the process to make sure that that your responsibilities and the sellers responsibilities have been met.
Below Marcia Goodman has provided some quick pointers to consider when you are buying a home that has some purchase agreement contingencies that need to be met. Marcia can serve as your guide. Typical contingencies you will find are:
• Approval of the Seller’s Property Disclosure Statement.
• Approval of the preliminary title report for the home.
• Loan approval which includes the appraisal of the home property.
• Home pest inspections and other home inspections.
• Acquisition of homeowner’s insurance