Inspection and Appraisal: Most buyers will have the property inspected by a licensed property inspector within the option period. If the buyer is purchasing the property with third-party financing, then the lender will have the property appraised by a licensed appraiser to determine the value of the home. 

Title: Either a title company or an attorney will be selected as a closing agent. The closing agent will hold the deposit while conducting research of the recorded history of the property to ensure that the title is free and clear. They will identify any restrictions which could prevent certain activities, such as building or parking restrictions.

Contract changes: The buyer has the right to determine the condition of your property by completing inspections, such as roof, fireplace, survey, pool, arborist, mold, termite, lead based paint, HVAC, etc. After reviewing the property the buyer can request a renegotiation of the terms of contract.