Talk to both your realtor and attorney. If another buyer comes to the house with the same type of mortage, they will have the same concerns. You made an offer and contract on the house with the knowledge of the condition of the roof. Now the bank is stating a concern. A reasonable solution would be a shared cost in replacing the roof. The seller will close on the property and you will have the use of the new roof during your ownership of the house. If it was in poor condition at the time of the home inspection, you may have already thought about replacing the roof after you close on the home. That expense can be shared so it is a fair deal for both you and the seller. This is why it is important to have a good agent working with you in the transaction.... more
Brian,
We do escrow repair loans on our conventional loans, so YES, this can be done! IF you need additional renovations, we have a host of other products which may be helpful for you. Depending on your and your homes circumstances, I would be glad to recommend the one that best fits your needs.
b... more
Pat, I'd be happy to give you that information. As a realtor I can search for sold homes and sort by agency and realtor. If you'd like to pursue this information you can call or email me with the addresses you're curious about.
Lynn Pisani GRI, CBR, PSC
Lic. Associate Broker
Lic. Property Staging Consultant
Prudential Douglas Elliman Real Estate
email: lynn.pisani@elliman.com
www.lynnpisani.listingbook.com
Cell. 516-547-1356... more