TIP OF THE DAY

TIP OF THE DAY:
IF there are repairs you’re wanting the seller to do, or something you want replaced, I would HIGHLY recommend, rather than ask someone who is selling a property to repair something, ask them for a SELLER CONTRIBUTION to your closing costs instead. It’s in paragraph 12 of the contract. First, if it’s going to be YOUR property, YOU should be the one who decides WHO is going to repair it and to what standard and by whom you want it repaired. Second, a SELLER CONTRIBUTION comes directly off of your bottom line, $ for $. If you reduce the sales price, it only slightly reduces what you bring to closing BUT if you get a seller contribution, whatever the amount of that contribution is, you get to bring that much LESS to the title company for closing. It makes NO difference to the seller, but it makes a lot of difference to you.