Name: Acuity Group
Address: 564 Dodge Ave NW, Suite A, Elk River, MN, 55330, US
Telephone: 763-633-3535
Price range: $$

Inspections and Appraisals

Most buyers will hire a licensed inspector to evaluate the property before closing. The inspection window is outlined in the Purchase Agreement. Depending on the buyer's concerns, they may bring in multiple inspectors covering specific systems such as the roof, plumbing, or HVAC separately.

If the buyer is financing the purchase, the lender will typically require a licensed appraiser to assess the property's value independently. The lender needs confirmation that the loan amount is supported by the actual market value of the property, so they will not simply accept the agreed purchase price without third-party verification.

The Closing Agent

A title company or attorney will serve as the closing agent. Their job is to examine the recorded history of the property, confirm that the title is clear of encumbrances such as unresolved mortgages, active leases, or restrictions, and certify that ownership can be cleanly transferred to the buyer by the closing date.

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What Else You Should Know

Contingencies

A contingency is a condition written into the Purchase Agreement that must be satisfied before the contract becomes legally binding. Common contingencies include the buyer securing financing, completing inspections, and reviewing all relevant disclosure and title documents.

Before the sale can close, the buyer will typically complete the following:

Securing financing and insurance
Reviewing preliminary title reports and all disclosure documents
Conducting inspections covering any combination of roof, termite and pest, chimney and fireplace, property boundary, well, septic, pool and spa, mold, lead-based paint, HVAC, and other relevant systems

When a buyer comes back with a renegotiation demand after inspections, the quality of your representation matters. We have navigated this situation across hundreds of transactions. We know how to evaluate what is reasonable, what is not, and how to protect your position while keeping the deal intact.

Loan Approval And Appraisal

We recommend giving priority to buyers who provide a formal pre-approval letter or written loan commitment from their lender. These carry more weight than a pre-qualification, which does not involve the same level of lender review. Expect the lender to send their own appraiser to verify that the purchase price is supported by the property's assessed value before they will fund the loan.

Tips For Selling Your Home

Give Your House a Deep Clean

A property that is visibly clean signals to buyers that it has been cared for. Before you list, clean thoroughly. Counters, floors, bathrooms, appliances, and windows. If you want to be certain the result holds up, bringing in a professional cleaning crew is worth the cost.

Declutter The Home

Buyers need to be able to picture themselves in the space. That is hard to do when the property is full of someone else's belongings. Clear off surfaces, organize storage areas, and remove anything that does not need to be there. Less is more at every showing.

Call a Handyman

Take care of deferred repairs before you list. Buyers notice what is broken, and a list of open maintenance items gives them leverage in negotiations. Addressing those items in advance protects your asking price and signals that the property has been well managed.