What other solutions exist in this industry that you have found particularly useful or innovative?

You need your documentation to be thorough and concise so that you have solutions laid out for you in case problems arise.Lastly, I want to stress the important difference between PRICE and COST.

Half of my buyers come to me for financing ideas and solutions and I love that part of the job.  

Will your lender work with you to come up with a solution, or will they just say, “We made a deal to lend you a certain amount, for a specific scope of work, and it’s your problem, not ours.”

However, based on our recent discoveries we would have decided to walk away from the deal if the sellers won't budge and work with us on the repairs or come up with a mutually agreeable solution.

Finding creative solutions to unexpected problems and making budget sacrifices in other areas to fix a quality issue would also come in to play.

Also he is "hoping to have a solution by Friday."

I represent a real estate lawyer that is interested in getting into convertible living solutions in chicago.

Escrowing the money is the only solution, but you don't have to use the cash for the repairs......you can use your credit cards or whatever, and the escrowed money gets released to you upon satisfactory inspection.

Hi @Brian Gibbons, thanks for sharing this alternative solution.