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Updated over 9 years ago, 08/14/2015
How can I give buyer money without freaking out bank?
I have decided it is time to sell a rental property. It is totall remodeled and quite nice, but because it was purchased as a rental the kitchen countertop is "recyled" off white Corian. i am envisioning the countertop being the easier of two "objections" to the property. (One cannot be fixed as it is messy neighbors across the street.)
Can I fix the countertop objection with giving the buyer money for a new countertop at closing?
This is an entry level house. Buyers will be tapped out at closing. But the other comps at my sales target have granite...doesn't everyone nowdays? I hate to go through the hassel and expense of replacing the Corian unless I have to....and if the house doesn't bring what I want I will rent again.
Can I escrow money for a countertop...or what? I have often wondered why the 203 loans used instead of buyers negotiating a higher price and getting a repair/change what I don't like escrow account...appraisals are just not that accurate...5% give or take...From what I can see of sales prices.