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Updated almost 5 years ago,
Add renovation costs to hud-1 form at sale or not?
Hi,
I'm about to close as the seller on a house that needed about $13k in repairs. It's selling to FHA buyer for $85k.
My agent fronted the funds, but isn’t sure if it should be listed on the final docs at closing? Will this cause any red flags as a closing cost?
We agreed to some repairs to the seller, but did significant additional work prior to listing it- it was a former rental in pretty bad shape.
thanks all!