Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated almost 11 years ago on . Most recent reply

Contracted Repairs After Closing???
So, I am looking at a house that the owners know needs some work. In tune of $12k. That said, neither the sellers nor myself have that kind of money on hand currently. What I wondered is if anyone had any experience working the repairs into the sale so that they would happened after the house closed? The seller owns it outright, so once they have the cash, they could easily write a check for the work.
Has anyone done anything similar to this? Is there another route that might work? I'd do the repairs myself as long as I had the cash for the materials. Can you write an offer where the seller gifts you cash after closing? I'm trying to get creative to make this work.
Thanks,
Joe