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Updated almost 9 years ago,

User Stats

25
Posts
5
Votes
Frank Lewis
  • Investor
  • Lancaster, CA
5
Votes |
25
Posts

Reluctant Seller?

Frank Lewis
  • Investor
  • Lancaster, CA
Posted

Hello BP,

I am attempting to acquire my first property and I would like to get some opinions on the situation at hand. I will be using an FHA loan to finance this deal. We are currently in escrow, and have had the property inspected. Based on the inspection there are several items that we are requesting to be fixed (roof certification, a/c replaced, pool resurfaced). The seller does not want to agree to the terms of our repair request and has verbally stated that she will only make the repairs required to pass FHA approval. Should this be a red flag? It would be my guess that the FHA appraisal will come up with the same repair requests. So is it likely that she will back out once I have the appraisal done? The seller/owner is also the selling agent. Any thoughts would be appreciated. Thanks!

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