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Updated over 8 years ago on . Most recent reply

User Stats

226
Posts
159
Votes
Shaun R.
  • Real Estate Agent
  • Denham Springs, LA
159
Votes |
226
Posts

Allowances from bank

Shaun R.
  • Real Estate Agent
  • Denham Springs, LA
Posted

I spent a little time as a real estate agent years ago, and I saw over and over again that during the inspection period the buyer would ask the seller to replace some flooring.  They would usually end up with the seller giving an allowance to pay for the new flooring instead of actually having it done themselves.  When buying a foreclosure, have you ever seen a bank do this?  If you go back and ask for something to be replaced, would they consider giving an allowance?

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