Tag Archive for: home repairs

Appraisals: Cosmetic vs. Structural Issues; Why Appraisers Often Don’t Call Out Cosmetic Issues

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We recently had a purchase involving an older property and the buyers were concerned because the appraiser did not call out a broken window pane and some torn floor coverings. […]Read More

Condition/Foundation Issues – How To Handle?

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If lenders/underwriters are made aware of significant condition issues (like foundation problems), they will require full inspection reports and that any necessary repairs be completed and verified prior to close.Read More

How To Buy Before Selling Current House

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Many buyers want to purchase a new home before selling their current one. Options include bridge loans, equity lines, FHA financing with a later refinance, or using rental income to offset debt ratios. Each has pros, cons, and qualification rules to consider.Read More

Seller & Lender Credits: Rules and Limits

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Seller and lender credits can help cover buyer closing costs, but they can’t exceed actual expenses. Learn how repair credits and credit rules work to keep transactions smooth.Read More