Posted on: 08th Jul, 2010 08:21 am
What if the property needs repairing, where does the money come from?
Hi Guest!
Welcome to forums!
If the property needs repairing, then the buyer can pay for it. In certain cases, the buyer and the seller can contribute equal amount of financing for home improvement.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If the property needs repairing, then the buyer can pay for it. In certain cases, the buyer and the seller can contribute equal amount of financing for home improvement.
Feel free to ask if you've further queries.
Sussane
The money for the repairs depends on the negotiations you have with the seller/lender. They may be willing to pay for them in order to get the property off their books. You may choose to pay for them in exchange for a reduced selling price.
I think your last sentence capsulizes this, Lisa. Owners who are selling properties in disrepair aren't the most likely candidates for funds with which to do repairs. Else, why didn't they do those repairs themselves.
I think your last sentence capsulizes this, Lisa. Owners who are selling properties in disrepair aren't the most likely candidates for funds with which to do repairs. Else, why didn't they do those repairs themselves.