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18
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2
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Daniel Vieyra
  • St. John, IN
2
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18
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Price reduction or credit at closing?

Daniel Vieyra
  • St. John, IN
Posted
If minor issues are discovered under the home inspection/city inspection, what is better: a price reduction in the sales price or asking for a credit at closing?

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498
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199
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Paul Defngin
  • Lender
  • Rockville, MD
199
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498
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Paul Defngin
  • Lender
  • Rockville, MD
Replied

Depends on what's important to you @Daniel Vieyra.  Getting a credit will reduce your cash outlay at settlement.  Reducing the price will lower your loan financing and lower your monthly payment - if you are financing.  This should give you a slightly better cash-flow.  Hope this helps.

  • Paul Defngin
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