Repairs before closing on Freddie Mac First Look, #appraisal, #owneroccupy
Hi all,
I have a Freddie Mac First Look property under contract to owner occupy. My question is in regards to the appraisal. The back deck is sagging on the left side. Is this something the appraiser may require to be rectified before the loan can process? If so, the contract states I can not alter the property before closing, so what gives? Can I escrow money for this repair and ask the listing agent to get it fixed?
PS. I can submit a picture if need be.