How does a rehab credit work?

[Justin Ake]

On tonight's webinar, Brandon mentioned that he likes to provide sellers with options when he makes an offer. One of those options was to offer full price with a rehab credit that would be held in escrow to make repairs to the property. Can anyone explain how that works? Do you simply pay the contractors out of that credit? What if you do the majority of the repairs yourself? Do you give yourself the credit? Never heard of this before so I'm confused on how this would make sense to a seller. Thanks for any help.