Tag Archive for: repairs

7 Reminders For Seller Credits And Repairs

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Seller Credits For Repairs Many homebuyers can get credits for closing costs in lieu of credits for repairs. Sellers are often unwilling to credit anything in hot markets, but sometimes […]Read More

What Is An Escrow Holdback?

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We recently had a deal on a cute condo with a loft area. The issue was there was no railing on the area of the loft adjacent to the stairwell, […]Read More

Seller Credits: When? How Much? Do They Slow Down Transactions?

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Many buyers get credits for closing costs in lieu of credits for repairs, as most people know. If credits are for repairs, underwriters will require that they be completed prior […]Read More

Motorcycle Falls Off Wall; Fixing Houses; Appraisal Fails

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When I was in college my roommate and I hung a motorcycle on a wall b/c we loved motorcycles and b/c we thought it was “artful” and amusing. My two […]Read More

Escrow Holdbacks/Post Closing Repairs OK At Some Lenders

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We recently had a transaction with an entire bathroom incomplete and under construction. Our investor funded the deal before the work was done with the following conditions in place: (1) […]Read More

Missing Floor Coverings & Issues In Foreclosed Property

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We have a borrower trying to buy a foreclosure with condition issues that include missing floor coverings, missing cabinet doors, and a missing stove. Whether or not repairs have to […]Read More