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FDR
 
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"George" wrote in message
...
FDR wrote:


It really defies all logic. The buyer is getting a good deal on a house
that is probably 40% less than a new house and can perform whatever
modifications they want when they can afford them.



I'm sure that if it's priced right then it will sell. OTOH, if it isn't
you can make the modifications which measn the buyer has less leverage
against you and you can try for a higher price.



The price isn't the issue. The lender's "house inspector" produces a huge
list of items that are based on the house complying with all current codes
as of the date of inspection. If not done the lender will not grant the
loan.


Can't you find a different lender?


Unfortunately the lists they produce are quite extensive and it would make
no economic sense to do them.