Attorney Review, Inspection, and Appraisal

Attorney review and inspection periods are typically 5 days unless otherwise notated on the contract.

The attorney will handle review, and will send extensions (as long as you keep them in the loop) to the other side of the transaction if you need them for the inspection.

The inspection should only be attended by the buyer. It needs to be scheduled as soon as a contract is signed. I suggest you talk about this at the beginning of the process so your client is prepared and has someone chosen. Set the expectation right away as to who will be scheduling. The buyer and buyers agent should attend. Don’t forget to schedule if you are the buyer!

The appraisal should only be attended by the listing agent. It is recommended you bring comps and chat with the appraiser about their comps so you may be able to point something out.