not sure how the buyer is paying for the home, so I am not sure what the lender's limitations could be.
It looks to me that the buyer is not asking for a new roof just for money to repair the roof, as the seller
if it is just a repair you may want to do the repair yourself, and go from there.
I am not sure how and when the buyer is asking for closing costs.....
Usually if and when the buyer wants the Seller to pay up to 6 % of the buyer's closing costs, those
6 % will be put on top of the initially agreed upon sale price, so that the buyer basically includes the
closing costs in his mortgage, for the seller it is almost the same, he gets more for the house, but pays
the buyers part of the closing costs....
I am not sure whether you are working with a Realtor, i.e. is your home listed with a real estate Brokerage if so you should discuss this request with your listing agent..... If you are selling by owner and do not have a listing agent of your own, then you may want to talk to a real estate attorney, who can then formulate the contract in a legal fashion.... But since we here do not know what the exact situation is, what the current offer or contract says, hard to tell you.... Get advice from the professionals who can see the current offer or contract... hopefully you are within the negotiations, and
can make adjustments that will work for both sides and will be acceptable to the lender and title company.
Good Luck to you
Edith YourRealtor4Life & Chicago, North Shore & Northern Illinois Expert
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