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Reply to "House listed as 4 bedrooms but only 3 are legal "
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[quote=Anonymous][quote=Anonymous]We are in a crazy situation. We are closing in 2 weeks and the seller informed us that the 4 bedroom we put an offer on only has 3 legal bedrooms. The window in the 4th room doesn't meet egress requirements and the seller won't be able to turn into a "legal" room within the next 2 weeks. They have an open permit for it. Personally that's not a reason for us to walk away. We like the house and the neighborhood and the price was great. Our realtor is useless. How much discount can we ask for? And could this affect our loan? We already have the CTC. Anyways we will bring to our LO. [/quote] This could affect your appraisal, which could affect the amount you are approved for. Do you have the cash to make up the difference if that happens? [/quote]
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