Updated about 5 years ago on . Most recent reply
Negotiating repairs with buyer
We're selling our rental and the buyer is asking us to complete a bunch of repairs. Some of the repairs are legit while others are just nice to have. I was thinking about offering them a lower contracted price OR a credit toward closing. Since my buyer is using a FHA loan I am curious if there's any repairs that would need to be completed by the seller prior to closing? Can I offer them a credit/lower sales price now and then take it back if it's determined that repairs need to be done prior to closing by FHA appraiser?