Well, you want to sell and you want the buyer to get the loan to buy so far so good?
Now the lender / its underwriter can make certain requirements, do you have to accept them,
may be not, could you lose the buyer because the underwriter will not give the buyer the loan,
I so hope that you are working with a Real Estate Attorney who can then discuss based on these
requirements and changes --- changes with the buyer....
There are certain ways, you can agree i.e. Seller with buyer, to split the costs for the painting,
or you can agree, you can disagree and you can tell the buyer that if they want to still buy the
property that they will have to give YOU a credit at the closing table for the painting required by'
the buyers lender, but do this with your real estate attorney so that it will be done correctly, with
lender and buyer and underwriter agreement, otherwise there will be problems or might be problems
at the closing table....
And as far as the lender can require repairs or..... potentially yes....
Edith YourRealtor4Life & Chicago and Northern Illinois Expert
Working always in the very BEST interest of her clients, Buyers, Sellers and Investors alike....
And always with a SMILE ïŠ
Covering for @Properties the city of Chicago, all N and NW suburbs, the fine homes on the
North Shore, and many of the W and SW suburbs, and with her trusted Partner Agents all of
the US and worldwide properties. Edith speaks French, German, some Spanish and other.....
@Properties Brokerage, 30 Green Bay Road, Winnetka, Illinois 60093
Check out my website at htttp://tinyurl.com/YourRealtor4Life
HAVE THE MOST WONDERFUL DAY :)