Repair credit best for fixing home defects

REThink Real Estate

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Luxury Connect | Oct. 16-18 | Beverly Hills

Q: I decided that this was a good time to buy, and found this really great house at a great price. It’s an older home, and very charming, but there is about $10,000 worth of various electrical and termite repairs that the inspectors have found that need to be done. I know that’s not that much compared to the $300,000 I’m paying for the place, but I’m going to be pretty house-poor after escrow closes. I’m afraid I’m going to lose my dream house over these issues. What should I do?