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Inspections & Appraisals

Important Tips to Keep in Mind During the Process.

The Process

Initial Agreement and Deposit

An effective agreement is a legal arrangement between a potential purchaser and the property’s seller. Some important tips to keep in mind to streamline the process:

  • Keep written records of everything. This includes verbal agreements, counter-offers, and addendums. We can assist drafting all written records and provide copies for each party.
  • Keep up with the schedule. You and the seller will be given a timeline to seal every stage of the real estate closing contract.

The Closing Agent

Once both parties have agreed upon a contract and signed all documents, either a title company or an attorney will act as the escrow, or closing agent, and you will put down your deposit. The escrow is a neutral third party that will hold, receive, and distribute all funds associated with your transaction until the closing date of the property. They will research the complete history of the property to ensure that the title is clear of encumbrances by the date of closing and that new encumbrances are added correctly to the title. Before escrow can be closed and you can officially purchase the property, all contingencies agreed upon in the Purchase Agreement must be met.

Find out how we can help you reach your real estate goals by completing the form .

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Areas We Serve

  • Spokane
  • Spokane Valley
  • Post Falls
  • Coeur d'Alene
  • Cheney
  • Medical Lake
  • Liberty Lake
  • Mead
  • Airway Heights
  • Colbert

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