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In this tutorial, Sherry Roberts discusses creating an addendum to a contract, particularly in the context of home inspections revealing necessary repairs. Instead of asking the seller to make the repairs, which can complicate the process with receipts and varied repair quality, she recommends negotiating for the seller to credit the buyer towards their closing costs. For instance, if the closing costs total $10,000, the buyer would only need to bring $7,000 to the table, resulting in more money retained in their pockets. Sherry then demonstrates how to prepare the addendum by adding the necessary forms and specifying the details of the contract update.
