It is unlikely that the seller will be able to modify the purchase price because you already have a contract. However, the seller is not legally obligated to pay the lender-required repairs. Your agent will have to "ask" or "request" in a Request for Repairs for all of the lender-required repairs. If you really want this specific property, you may have to pay for some of the lender-required repairs yourself prior to closing escrow. Consult a reputable local Broker, or seek advice from your agent.... more
If the offer is accepted, then you get a ggod deal.. It is when the house appraises lower than your offer that it becomes a problem. Then you offered to much and the bank will have problems with the loan. Appraising higher is a good thing.