Posted by River City on April 09, 2004 at 06:57:20:
Your real estate contract should indicate the maximum amount that you as the seller are willing to pay towards repairs of the property. Hopefully, yours didn’t leave this part open.
As far as the contingency on selling your current residence with the mortgage company, as long as you can qualify without selling the home, you should be ok. I processed mortgage loans for many years and sometimes the terms of a loan application would change almost on a daily basis.
Also, were you planning on using the funds from the sale of your current residence to close on the new residence? If so, it appears you won’t have any funds to use, therefore, making you not qualify for the loan.
It sounds to me that you have a real estate agent that is not looking out for you. For this reason, I would quit telling the realtor everything. Deal directly with the mortgage company. Tell the realtor that you feel like you are being screwed by him, and until he changes his attitude, you will deal directly with the mortgage company, and that you will call him when you have something for him to do.