Appraisal came back with fixes to be done

[Giovanni Branch]

FHA Appraisal came back with a few minor fixes needed to be done before closing. Owner/seller states not having funds to do repairs.

Estimate of Repairs less than $800.

What can be done to get property fixed and ready for re-inspection?

Minor fixes are: Paint, Handrail & broken/cracked window.

[Corey Hawkinson]

@Giovanni Branch Similar thing happened to me, but even more minor. I completed the repairs myself prior to closing. If the property is worth it to you that could be the route to take. It ended up VERY well for me. If it’s a good deal don’t kill it over $800.

You could also negotiate $800 off the purchase if you complete the repairs.