March 2nd, 2020
March 2nd, 2020
Getting A Seller Credit In Lieu Of Repairs
It is very common for a buyer and seller to negotiate a seller credit in lieu of repairs after a buyer does a home inspection. Most sellers do not want to bother with doing a small amount of repairs. And some sellers may not have the money until after they go to settlement. So they negotiate a credit and offer to pay some money at settlement for these repairs. The problem comes when the Realtors word this incorrectly in the contract and end up causing last minute problems.
