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Updated over 7 years ago on . Most recent reply

User Stats

18
Posts
2
Votes
Daniel Vieyra
  • St. John, IN
2
Votes |
18
Posts

Price reduction or credit at closing?

Daniel Vieyra
  • St. John, IN
Posted
If minor issues are discovered under the home inspection/city inspection, what is better: a price reduction in the sales price or asking for a credit at closing?

Most Popular Reply

User Stats

498
Posts
198
Votes
Paul Defngin
  • Lender
  • Rockville, MD
198
Votes |
498
Posts
Paul Defngin
  • Lender
  • Rockville, MD
Replied

Depends on what's important to you @Daniel Vieyra.  Getting a credit will reduce your cash outlay at settlement.  Reducing the price will lower your loan financing and lower your monthly payment - if you are financing.  This should give you a slightly better cash-flow.  Hope this helps.

  • Paul Defngin
  • Loading replies...