Offer a credit - never agree to make repairs yourself. Repairs you commission are subject to buyer approval, scope creep, and disputes over quality. A fixed-dollar closing credit gives the buyer the economic benefit while eliminating your liability for execution. It also avoids delaying closing for contractor scheduling. The credit amount should match documented contractor quotes, not the buyer's inflated estimate.
This article provides general educational information only. It is not legal, tax, financial, insurance, compliance, housing, brokerage, or professional advice. Rules, tax rates, obligations, enforcement practices, and market conditions vary by property, building, contract, municipality, and jurisdiction, and they change. Sellers should consult a qualified attorney, CPA, or other appropriate professional before making decisions based on their specific situation.
From the seller playbook: The Inspection Negotiation
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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