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Home Selling Workshop!

Inspections, Appraisals, & Title Work

1 Inspections

The types of inspections that you’ll choose will be determined by the house that you’re buying. We’ll discuss the options to figure out which ones you want and need to get. Not only will you want inspections, our loan type may require certain ones. The most important inspection is the general home inspection. This inspector will check out pretty much everything. They will be able to spot areas of concern, recommend items that need to be fixed, and outline items that warrant further inspection.

Other common Inspections include:

  • Well & Septic
  • Radon
  • Wood Destroying Insects (Termites)

Inspections that are less common, but certainly needed in some homes, include:

  • Chimney
  • Roofing
  • Electrical
  • Plumbing
  • & Others based upon the home, the recommendations of the general inspector

2 Appraisal

An appraiser is someone that is sent by your lender to complete a value report for the property and to also check on the condition of the home to make sure that it meets the minimum guidelines for your loan type. Basically, the bank wants to know that they are giving their money for a house that is worth what we say it is and that it’s condition won’t jeopardize their investment. The report will outline their conclusions and will be included in the final review of your loan.


3 Title Work

This is the part that no one really talks about… The title company is like the “behind the scenes” person. So let’s break down their 4 basic functions. (Read more – 7 Reasons Why Every Home Buyer Needs Owner’s Title Insurance)

  • Title Search: The title person will conduct a full search on the chain of ownership, deeds, liens, and easements, prior agreements, encroachments, and so much more. The purpose of this is to ensure that you are receiving the property free and clear of “title defects”.
  • Title Insurance: There are two different types of title insurance; one that covers the lender and one that covers you. The lender’s coverage is mandatory in most cases but yours is elective. I ALWAYS recommend it! This protects you in case something is missed during the title search or if something is filed against the property but doesn’t show yet in public records. It’s rare that it’s needed, but if it ever is, you’ll be so glad that you have it!
  • Money: The title company is the one that collects and distributes all money. Once your loan is approved, they will wire the funds to the title company. If the buyer or the seller owes money at closing, it will be given to the title company. At closing, they will be the ones giving the money to the seller, real estate companies, and any other parties that are owed money from the sale.
  • Paperwork: The title company prepares all property transfer documents and reviews the loan documents. They are the ones that review them with you at closing and ensure their proper completion.

So there you have it – the BIG 3! Please feel free to contact me with any questions that you have regarding this information or anything related to buying or selling a home. I look forward to helping you throughout all of your Southern Maryland moves!

Christina Porter Wolfrum
http://www.ChristinaWolfrum.com

Christina Porter Wolfrum

Cell #: 240.587.1687

Alt office #: 410.535.6291

Email: CPWolfrum@Gmail.com

Website: http://www.ChristinaWolfrum.com

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About Christina Porter Wolfrum

Hey there! I'm Christina. I'm so glad that you've stopped by today. I'd love to talk to you about your next move. Call, text, or email me to setup a time to chat. Talk soon!

Cell #: 240.587.1687
Alt office #: 410.535.6291
Email: CPWolfrum@gmail.com
Website: www.ChristinaWolfrum.com

Client Love

Betty

She goes above and beyond to sell a house. Her knowledge of selling homes is very impressive. I would highly...

Betty

Christina Porter Wolfrum
5
2016-05-03T18:05:39-04:00

Betty

She goes above and beyond to sell a house. Her knowledge of selling homes is very impressive. I would highly recommend her as a realtor.

Jennifer

Christina stuck with us through having a failed septic she made us feel confident that we would be able to...

Jennifer

Christina Porter Wolfrum
5
2016-05-03T18:07:52-04:00

Jennifer

Christina stuck with us through having a failed septic she made us feel confident that we would be able to still sell our home in a timely manner she was very diligent during the process of selling our first home.

Marcia

Christina listened to our needs and wants and helped make our dreams reality. We will definitely use her again in...

Marcia

Christina Porter Wolfrum
5
2016-05-03T18:24:44-04:00

Marcia

Christina listened to our needs and wants and helped make our dreams reality. We will definitely use her again in the future. She is extremely knowledgeable and always keeps your best interest in mind.

Shane & Anna

Christina is a wonderful agent and possesses all the necessary qualities of someone you want on your side for the...

Shane

Christina Porter Wolfrum
5
2020-01-11T19:42:38-05:00

Shane

Christina is a wonderful agent and possesses all the necessary qualities of someone you want on your side for the big day. She comes prepared to each viewing and takes the time to learn her clients needs. This all occurs while she manages a household of 4 at home and attends  to her clients every need. Some of her flagship attributes are: patience, confidence, and most importantly, her an incredible sense of humor. I can't tell you how many times my wife and I laughed while viewing a home or talking with Christina on the phone. There were times I forgot we hired her as our agent because the relationship grew quickly from strictly business to more personal interactions. One of my favorite attributes above is her confidence. As a buyer, I wanted to know that before I placed an offer on a home, it was valued correctly. Christina was honest always. If I thought a house was overpriced and she disagreed, she told me - and vice versa. No passiveness or beating around the bush - concise and frank. Thank you Christina - if we ever decide to move from this home, you know we'll call you to be our agent.
4
Christina Porter Wolfrum
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