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Updated almost 2 years ago,

User Stats

26
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13
Votes
Taylor Robertson
13
Votes |
26
Posts

Should I wait to start paying closing fees until after verifying property condition?

Taylor Robertson
Posted

I am under contract for a duplex. I viewed the vacant unit last week, which was in excellent condition. The other unit is currently occupied, and I plan on viewing it this weekend because the seller’s agent wouldn’t allow at initial viewing. My contract states that the purchase will go through contingent upon the occupied unit being in as good condition as vacant. My question is, because I do not know the condition yet, should I tell my lender & realtor to wait on appraisal and inspection fees until after confirmation of the condition? They want to get those payments from me this week. Thanks 

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