Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago on . Most recent reply

Can repair costs be taken off the sales price?
Hi,
I currently have a rental property under contract that I'm selling. We decided to offer cash instead of doing the repairs that came up in the home inspection report. Instead of giving the buyer a check at closing we would like to lower the overall sales price. This will lower the capital gains tax and agent commission costs and save the buyer money.
However our agent is saying that it's not possible and that we need to give them a check at closing.
My question is, can the repair request be countered with an offer for cash to come off the sales price? If so how should the wording look?
Thanks in advance for any help.