My buyer client wants to include in her initial offer a requirement that the seller repair a specific item listed in the seller’s disclosure notice as in need of repair. She also wants to request that the seller contribute to closing costs. What is the best way to prepare the offer with these terms?
Paragraph 7D(2) of the TREC contracts is the appropriate section to cover a seller’s agreement to repair a specific item of the property. General phrases that do not identify specific repairs, such as “subject to inspections,” are not appropriate.
Paragraph 12A(1)(b) should be used to show the seller’s contribution to the buyer’s closing costs. This paragraph already provides for language to limit the seller’s obligation to the amount shown in the blank space. Note that the paragraph also controls the order in which the seller’s contribution shall be applied to various buyer’s expenses.