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When You Give the Seller "The Right to Cure..."
. In Wisconsin, we have an option of writing an offer to purchase that gives the Seller "the right to cure"....or it does not. The right to cure can be specified in the amendment describing the issues that need "curing."
The shingles that blew off...the double tapped breakers, mudjacking the sidewalk, replacing deck boards...etc. When a seller has "the right to cure" the Buyer needs to send an amendment with whatever is documented on the report by a licensed inspector that requires replacement or repair. It can't be a wish list of ...replace the appliances with shiny new ones...forget the deck boards, replace the deck with synthetic material, etc. It also cannot be...unless the Seller would agree...a random "closing cost credit"...a/k/a "Realtor-eze" for fixing boo boos money. The right to cure is exactly that...Cure...not credit.
You Mr., Ms, Mr. & Mrs. Buyer don't get to ask for money ...you made your choice to cure...and you need to explain what it is that needs curing..not have your hand out to do as you please with the money you are requesting. If you are working with a Buyer's agent...he/she should have explained what your agreement means and what that obligates you to do and ... more
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