I wanted to tell you about my USDA repair escrow program.
Most repair escrows (when they are allowed at all) max out at around 3k to 5k.
My USDA program goes up to $10,000 dollars for USDA purchase homes!
Here’s how it works…
The home has to be able to meet the guideline of being livable at the time of closing.
However, many things can be done while the house is occupied. Carpets can’t be upgraded, but if they are damaged it is possible to install new carpet while the home is occupied.
Here are some examples of what may be considered subject to circumstances:
· Roof – 20+ years old needs to be replaced. It can be replaced while the house is being lived in. A hole in roof would not qualify.
· HVAC – A/C unit stolen – it can be replaced while house is being lived in. The same for heater if not winter.
· Gutters and downspouts – can be repaired or replaced while house is being lived in.
· Appliances – stolen or vandalized – can be replaced while living in house.
So if you have a house you would like to buy, but it needs a little bit of work contact me about this program!