This information is intended to explain to home buyers & Real Estate Agents all the possible solutions for appraisal required repairs. Every ones situation is different so don’t hesitate to call and run the scenario buy us. Most of the time we can find a way to make it work and get the transaction closed. There shouldn’t be any transaction that fall’s apart because the lender cant accommodate the repair situation. So, lets address our options on these homes deemed un-financeable by other agents and lenders.
This is the preferred option because it typically costs the buyer little to no money, repairs are done prior to closing, and the property is re-inspected prior to closing. For bank owned homes (foreclosures) often the bank will not do any work to the property. It can’t hurt to ask, however if the bank will not complete the repairs there are other options.
With this option repairs are done after closing. Here’s how it works: More Details
With a renovation loan you can finance in both the appraiser required repairs and may other things you want to do to the home.
WOOOHOOO! I’m so happy to hear Realtors are back to work!!! Do you miss our Lunch & Learn events?
Well, so do we and with the current situation, communication with you, our business associate, has never been more important.
That is why we would like to introduce you to SHOP TALK!Visit Jeremy's Blog