Any funds put into an escrow account would also accompany an addendum that reflects what the money is to be used for, and how much the amount is for your repairs; signed by the buyers and the sellers. For example; if you have an agreement for an escrow amount of $5,000 you can use the entire amount, as long as it specifies $5,000 being a credit to you in the addendum from the sellers for these repairs. So, your entitled to use the entire amount, as well as select whoever you want to do the repairs.
Keller Williams Realty
Vienna, VA 22182... more