I'm curious as to how this played out over the last few weeks. YOU should't be able to do anything, you don't own the place. If the place needs to be dewinterized for the appraisal, you should be requesting that the seller dewinterize for appraisal. It should be up to the seller whether or not they want to. They should know the condition of the house, whether the plumbing froze or not, and if so, they should deny your request. Certainly if the heat is not working, they will not agree to dewinterize. I know here that the banks don't let any buyer do any winterizing or dewinterizing or repairs of any kind.... more
Most lenders today are looking for a credit score of 620 to qualify to purchase a home. There are some special programs I have heard of recently that may still go down to 580 which was the minimum before. There are other considerations that the lenders take into account as well such as how much do you make and how many bills do you have going out each month. Sometimes your ratios are too tight even though your credit scores would qualify. It is sometimes harder to purchase a property that is under $50,000 due to bank guidelines. And condos are case by case if they are FHA approved so the lenders can work with them. If you need a lender to consult with about your particular financing situation don't hesitate to contact me and I will refer you to the best lender for your situation.
Robert McGuire ASR
Your Castle Real Estate
Direct - 303-669-1246
Yes, i agree with Brian. Weird question. Sounds like you are having appraisal issues??? FHA has requirements to "pass" the property as Brian mentioned. If the vitals are missing then they will need to be in place/fixed prior to closing. The question then becomes "how" and "who" makes sure they are in place to proceed. Talk with your agent about this! If you don't have a agent this is the reason "why" you need one. This has nothing to do with your closing costs as other agents have mentioned. These are personal property issues. Also, what kind of financing do you have? Many variables to consider, talk with your agent to get the best guidance since they are familiar with the transaction.... more