Thank you in advance for any information that you anyone is able to provide.
I am beginning to believe that our real estate agent led us up a dead end road.
We are confused and hoping to either know if this is a dead end opportunity or if this house is still a viable opportunity.
The home we are in contract for recently was appraised. It is of slab construction. The appraiser noted that if the exterior grade is not fixed than the house entire house (to my understanding) classifies as a basement with no livable area. He stated that under the condition of the exterior grade being fixed that the mortgage value would be $216k, as long as the work (in his estimation is $15k) is done by a licensed contractor or engineer.
Our real estate agent said we are pretty much at the mercy of the sellers at this point. If they choose to make the necessary changes and meet the new price than we can proceed. But in her opinion they will more than likely walk.
I will include appraisal photos in the comments. Should we stop holding out hope? Is there still hope? Is there another possible Avenue to closing this house which closing date is supposed to be September 3rd.
Honestly thank you for any information that can be provided.