Tag Archives: home inspection repairs

Repair Credits-What You need to Know about New Non-FHA Lending Requirements

In the past, when there was an issue with a home, such as a necessary repair that was noted at the final walk through, it was common practice to simply work out credits at the closing table to take care of such matters. Today, that situation has changed and a number of lenders are now refusing to allow repair credits at the closing table. Additionally, some lenders are now requiring that repairs noted on the inspection report be completed prior to the loan being funded. The home buying process is one that can already be somewhat stressful, particularly for first-time … Continue reading

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Negotiating Repairs after the Home Inspection

Many sellers approach the idea of selling a home in Santa Clarita without giving enough consideration to the negotiations that will need to take place before the sale is concluded. Not all negotiations take place the day you sign the sales contract. Among the biggest negotiations that may need to be made will come following the home inspection. In a perfect world, the home inspection will come back completely clean and show that no repairs are necessary. We do not live in a perfect world; however, and the reality is that the inspection report may show some issues. When that … Continue reading

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