When you are buying or selling a house, and there are notes written into the contract regarding repairs – keep this in mind…
The buyer’s loan underwriter will see the repair notes in the contract, and he or she will make these repairs a condition of the loan.
The underwriter will request that the appraiser go back out to the property to verify the repairs are complete.
This can cause delays in closing.
If you do have repairs written into the contract try to make sure they get done as soon as possible.
This way there will be time to send the appraiser back out to verify the work has been done. …and still close on time!
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
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