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Updated over 3 years ago on . Most recent reply

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Mohamed Alli
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How to make seller liable for major repairs

Mohamed Alli
Posted

I was listening to Craig Curelop's book "the house hacking strategy", he mentioned a way to make the seller of a house liable for major repairs to the property for up to one year. I'm having trouble recalling how it's done or what its called, this would definitely help with saving on some of my reserve cost  

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Marcus Auerbach
#2 Tenant Screening Contributor
  • Investor and Real Estate Agent
  • Milwaukee - Mequon, WI
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Marcus Auerbach
#2 Tenant Screening Contributor
  • Investor and Real Estate Agent
  • Milwaukee - Mequon, WI
Replied
Quote from @Mohamed Alli:

I was listening to Craig Curelop's book "the house hacking strategy", he mentioned a way to make the seller of a house liable for major repairs to the property for up to one year. I'm having trouble recalling how it's done or what its called, this would definitely help with saving on some of my reserve cost  

A real estate sale is always final, there is no seller liability beyond closing. Our world would not function, if that were allowed. Just imagine you are the seller, you could not even buy a new house until your liability has expired. You would have to hold funds in escrow just in case.
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