Updated over 5 years ago on . Most recent reply
What's better? Credit or reduction?
I just completed negotiations with a seller and wanted some advice on a situation I've encountered on back to back purchases now.
After negotiating, the seller has given me a $3,500 credit towards repairs. Is it better to have the purchase price reduced by $3,500 or to have a $3,500 credit towards closing?
My initial thought was to have the purchase price reduced which would result in a small reduction in property taxes for the entire length of time I hold the property. I realize this may not be much money at first glance, but if I hold the property for 10+ years then it starts adding up. I would appreciate any feedback.