|
|
|
"Paid at Closing" is a developing network of contractors that provide services to a seller wanting to update or repair their home to better stage it for sale on the market , but desire or need to the ability to pay for the project(s) through escrow at closing.
Selling your home usually requires some type of updated maintenance and even possibly repair to your home for the best staged presentation possible. However, getting your current home prepared to sell, getting packed, and the costs of getting into your new home all take money. Sometimes that money is not liquid, but rather is only available as equity in your current home. This is where " Paid at Closing " can be a benefit and a stress reliever.
As the seller of the home needing the work, you enter into a contract agreement with a Paid at Closing Contractor who has agreed to complete the required work, including providing any needed materials, with no money down and the agreement to be paid at closing of the sale of your home, or within an agreed to time frame, whichever comes first. Escrow will be directed to pay the contractor directly from the seller's proceeds at closing. |
|
|
© 2003-2008. Coldwell Banker® is a licensed trademark of Coldwell Banker Real Estate Corporation. Each Office Is Independently Owned and Operated. Coldwell Banker Danforth & Associates. Equal Housing Opportunity.  |
|
|
|