What type repairs will bank hold up mortgage.
We are doing a FSBO. We have had 2 showings and am expecting the 2nd offer in the next two days. We had 3 realtors come in and give us a market analysis...total of $30k difference from the lowest range to highest range so we picked the middle. There is not much inventory in my area so I believe it's helping. My question is. We have about 1 foot of rot wood on the front door frame. This has been disclosed to both buyers. We had a window/door company come in to evaluate and provide an estimate to fix. We are debating if we should include in the offer that the seller take over the responsibilty of fixing the door. What I don't want is to agree on a price with the door being the buyer's responsibilty and then the bank not approve their loan due to the repair needed. Is this something that a bank/lender can do?