Finance
A Michigan home inspector's report noting 'deferred maintenance' on a property most likely means:
AThe property is in excellent condition
BNeeded repairs have been postponed, potentially affecting property value and loan approval✓ Correct
CThe seller has agreed to make repairs
DThe property failed minimum property standards for FHA
Explanation
Deferred maintenance refers to repairs or maintenance that should have been done but were postponed. It can affect property condition, value, and may cause lenders (particularly FHA/VA) to require repairs before approving the loan.
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