Asked by Homebuy'nfools, 53703 • Tue Apr 27, 2010
My husband and I are in the final stages of buying our first home and an issue has come up during the appraisal. The home was listed as a 2/3 bedroom; the seller had converted the 3rd bedroom into a dining room by partially knocking down a wall and making a pass through window. When we first saw the house, we realized the listing was a bit misleading, buy fell in love with it. Our buyers agent said not to worry that it is listed this way because we could put an egress window in the basement and create another "3rd" bedroom. We are finishing with the loan process and the appraisal listed it as a "3-bedroom" house; even though it is really only a 2-bedroom. After speaking with our lender we were told that it shouldn't be a problem that we need to worry about. Is it?
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