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Updated over 4 years ago,
Closing credit to buyer
I’m pretty unfamiliar with this and have not found a lot of information on it but we are in the middle of closing on a duplex and the buyers wanted some work done prior to closing. We decided we weren’t going to perform the work they wanted. Our selling price is 172k and the amount of work wanted sums up to about 6k+ (laminate flooring in kitchen and bathroom, new plumbing, new appliances). Would giving the buyer a credit at closing mean a drop of purchase price or out of pocket money at closing in the total for estimated work needed?