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Updated about 5 years ago on .

User Stats

58
Posts
19
Votes
Rebecca Graziano
  • Rental Property Investor
  • Dallas, TX
19
Votes |
58
Posts

Add renovation costs to hud-1 form at sale or not?

Rebecca Graziano
  • Rental Property Investor
  • Dallas, TX
Posted

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!