Escrow Inspections and
Appraisals
Understanding Home Inspections
Home inspections are a pivotal part of the buying process. They uncover hidden issues such as structural defects, plumbing concerns, or mold presence. Armed with this knowledge, you can negotiate repairs with the seller or determine whether to proceed with the purchase.
Grasping Appraisals
Appraisals establish the home’s fair market value. Lenders require appraisals to ensure they’re not extending more funds than the property’s worth. If the appraisal falls below the agreed-upon price, renegotiation or securing additional financing may be necessary.