It is help resolve issues.
Common issues and possible solutions:
Issue |
Possible Solutions |
| Home inspection reveals repair or replacement |
Don't overreact. Go through the entire list of repairs and something serious is uncovered, such as joist rot, so you might as well deal with it now. |
|
House Appraises Low If your home is priced correctly, this is a |
Don't overreact. The buyer will have just heard from their lender . Also, the buyer will be just as |
|
Buyer is rejected for their mortgage rejection should be a rare occurrence |
Don't overreact. The buyer is probably just as disappointed as you are. lender prior to moving forward with the contract. |
|
Termite inspection shows active infestation |
Generally, the contract calls for the seller to pay for treatment. Just pay for it and supply the lender and escrow officer with evidence that you have had the treatment done. |
|
Termite inspection shows prior insect damage |
This is damage to wood areas caused by prior wood boring insect infestation. Usually the lender will require quotes before you have the work done. |
|
Survey shows encroachments |
Your title/closing attorney/agent will direct you in a solution |
|
Title search reveals problems |
Your title/closing attorney/agent will direct you in a solution. |