However, the buyer's bank could fund repairs in an escrow account based on a loan for a higher amount. This type of loan is called a 203(k) under FHA, when the repairs are larger than $5,000. They can allow up to $35,000 in repairs. Not many banks like these loans because they are more work for them and the fees are higher.
Conventional lenders can offer a renovation loan, which is similar to the 203(k) type. Before you decide to make an offer, check with your lender and confirm that they do offer these loans. The loan amount is for more than you're buying the house for and the money for repairs are held in a repair escrow account. After closing as the repairs are completed, the invoices are paid from the escrow account, and an inspection is normally required by the bank to assure compliance.
Before you do anything, find a lender you can work with, then visit the home to see what all is apparent that needs fixing. Then get an inspector or contractor to go with you to gauge the amount of money needed. Small repairs under $5,000 can be rolled into a 203(b) loan, unless the repairs affect the structural integrity of the house or otherwise make the house not suitable for occupancy.
There is very little that you can get off of pictures. The best way to evaluate a home is to see it in person. If you would like to take a look at this property, let me know. If you have a real estate agent, then you should ask him/her these questions and set up a viewing if you are interested.
Hope that helps,
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Keller Williams Elite