Final Lender Approval - The Next Step After Appraisal
After the appraisal confirms your home’s value, the next step is final lender approval . This process ensures the buyer’s financing is fully approved before closing. The lender reviews the buyer’s financials—income, assets, credit, and employment—and uses the appraisal to validate the home’s value against the loan amount. For sellers, final lender approval is critical because it guarantees the buyer has the funds to complete the purchase, keeping the closing on track. Delays or issues at this stage, such as changes in the buyer’s financial situation, can jeopardize the sale and disrupt your timeline. At SRG, we ensure your protection by thoroughly vetting buyers’ pre-approvals and staying in constant communication with the buyer’s agent and lender. If any issues arise, we’ll guide you through your options to keep the sale moving forward. Once the lender issues a “clear to close,” the buyer is fully approved, and the final steps—like the buyer’s walkthrough and closing—can proceed. With SRG’s expertise, you can feel confident that every detail is managed as you move toward a successful closing.
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