Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago,

User Stats

4
Posts
0
Votes
Nicole Gardner
0
Votes |
4
Posts

Buyer Paying for Repairs Addendum Language

Nicole Gardner
Posted

Hello,

I'm currently buying an investment property.  I can't close on the property until some very minor repairs are done and the seller is refusing to make these repairs.  I am willing to make these repairs myself before closing (partly because I was planning on making them anyways) but I want to have contract language that protects me if I'm still not able to close on the house for any reason.  Namely, I want it stated that I am making and paying for the repairs in anticipation of getting loan approval and the title transferring to my name.  If I don't get the house I would like the contract to say that I will be reimbursed for the materials. My thinking is that this will allow me to place a lien on the property in case the seller uses my labor, materials, and money to improve his house before placing it back on the market for the next buyer.  How do I go about doing this? My reality agency say they can not provide this language for me.

Thank you.

Loading replies...