FHA appaiser requiring roof replaced and electrical panel replaced before they will appraise it.

Is that right that we should be out of that cash before it is even appaised? Both are in the contract to be completed by close date. I also was just sent the form that if it doesn’t appraise they get earnest money back 8 days after the contract was signed. Shouldn’t that of been in the initial contract? I know values have dropped in my town so I’m kinda worried and don’t think the buyer has the extra funds to make up the difference.

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Is that right that we should be out of that cash before it is even appaised? Both are in the contract to be completed by close date. I also was just sent the form that if it doesn’t appraise they get earnest money back 8 days after the contract was signed. Shouldn’t that of been in the initial contract? I know values have dropped in my town so I’m kinda worried and don’t think the buyer has the extra funds to make up the difference. submitted by /u/fordracing19 [link] [comments]

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