Paragraph 10 of the Regional Sales Contract addresses "Seller Subsidy"......

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Home Inspector with VA HOME INSPECT, LLC

Paragraph 10 of the Regional Sales Contract addresses  "Seller Subsidy" and may limit such subsidy agreed to by the seller to the actual charges incurred by the purchaser and/or allowed by the lender. 

You may wish to include the following language in Paragraph 34 of the contract (or in a contract addendum) as a way to maximize the benefit of the "seller subsidy" that might otherwise be limited: " Should the purchasers charges not exceed the amount of the agreed to seller subsidy, or lender prohibit any portion of this credit, then the difference - or balance shall be subtracted from the Sale Price.

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Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

That's fine Najm, but I can usually manage to use the money to discount the interest rate.  Love those discount points. 

You're right of course, and that's a great way to treat the money.  Now that we are actually getting seller contributions. 

May 01, 2007 11:28 AM #1
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Joseph Najm

Master Home Inspector in Northern Virginia
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