The house does not appraise for the value of the contract. Then the buyer can ask for their deposit back and void the contract or they can ask you to lower the purchase price netting you less money in proceeds at closing. The home inspector finds pages and pages of repairs that must be met for the lender to make the loan or for the buyer to be satisfied with the condition of the home for them to go through with the purchase. Usually, the buyer will ask for repairs to be made on what is called a…See More