For context we bought our 1896 Queen Anne in 2022 on an fha loan. Prior to inspection we were allowed inside to touch up paint and add handrails. Loan was approved.
Now we are selling and the new buyer is FHA funded. This is what came back: This is the exact verbiage the lender sent me “The appraisal came in Subject to:
Repairs needed, paint front porch steps, hand railing needed to attic, repair attic step, install railing in attic, paint door trim to attic, paint trim, repair exterior steps to basement and install hand railing, paint window trim where needed, paint rear door sill, paint house fascia and soffit where needed, repair and paint house fascia, the subject does not have adequate fire and carbon monoxide detectors on the first floor and basement.”
We said the house was as is. Should we make these repairs or go back on the market? Should the buyer make these repairs? What is normal here? We think bc we did when we purchased, then they should now. Is that outrageous?
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source https://www.reddit.com/r/RealEstate/comments/1ug88x7/list_of_fha_repairs_worth_it/
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