If your home has new or newer central heat and air, it is definitely going to attract more interest from buyers when you decide to resell and meanwhile you can enjoy the benefits of the new systems. I believe it is one upgrade that is worth doing to your home but you should ask a local realtor in your area what would be expected for your area. Also, certain mortgage programs require central heat at least so again, this would make your house appealing to more buyers.... more
Your agent should have requested an approval letter from the lender prior to accepting the offer. I would ask for a copy of that letter and call the lenders office direct. At this point if a loan commitment cannot be provided there should at least be a conditional loan approval. The loan approval may have outstanding conditions that still need to be cleared prior to the loan commitment being issued.
I would not panick unless a loan approval has not been issued. If thats the case the borrower has not had their income or assets approved by an Underwrite and it could equal more problems. As far as closing this week....its probably impossible at this time. Most lenders are running with a skeleton staff on the 24th if they are even open.
If you get a conditional approval in your hands you should be in good shape unless there is a laundry list of conditions that have not been satified by the borrower.
Best of luck!!
2972 NW 60th Street
Fort Lauderdale, FL 33309
Office: 954-764-7064 ext. 204... more