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Old 09-12-2017, 06:28 PM
 
Location: Lake Elsinore, CA
22 posts, read 8,838 times
Reputation: 36

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My husband and I are relocating to AZ from Southern California. Our realtor has suggested cutting down two dead trees and putting down sod or drought tolerant landscaping in the front and back yard. Right now our cash flow is very tight and we don't want to get a loan or use our credit cards to pay for all the work. Can we pay a landscape contractor from the proceeds of our home sale in escrow?
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Old 09-12-2017, 06:58 PM
 
Location: Georgia, USA
18,121 posts, read 22,290,483 times
Reputation: 20514
Quote:
Originally Posted by CEBMurray View Post
My husband and I are relocating to AZ from Southern California. Our realtor has suggested cutting down two dead trees and putting down sod or drought tolerant landscaping in the front and back yard. Right now our cash flow is very tight and we don't want to get a loan or use our credit cards to pay for all the work. Can we pay a landscape contractor from the proceeds of our home sale in escrow?
That would depend on whether the landscaper would be willing to wait for his money until after closing is complete. Either use a credit card and pay it off as soon as possible or just spruce up the landscaping as best you can and price the house right.
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Old 09-12-2017, 07:12 PM
 
13,647 posts, read 13,479,615 times
Reputation: 18318
Credit card or pay cash then pay yourself back from the sale. Most tree guys want oayment when the jobs done not three weeks from when they finish.

Best thing is to give a credit back if the buyers say anything. If they don't they don't. I know when I bought I had to cut down four trees. It cost me 3k. If I ever buy again and the trees are overgrown I'm calling MY tree trimmer to get a price then tell the seller.
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Old 09-12-2017, 08:19 PM
 
541 posts, read 956,358 times
Reputation: 923
If your credit is good, there are plenty of credit card deals with Zero % interest for 18 months.

Put the cost on one of these credit cards - UNLESS, of course, that will harm your chances of getting a mortgage on the new property.

As far as asking the landscaper to wait until you sell your home - you have two chances - slim and none, (and slim just left town).

Would you perform a service for someone and then wait what could be several months to get paid?
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Old 09-12-2017, 10:39 PM
Status: "Celebrating 55 plus..." (set 9 days ago)
 
Location: Out there somewhere...
37,170 posts, read 40,255,895 times
Reputation: 99176
What if the real estate sale falls through. Tree man holding the bag. No way, find a way to pay him. If he does the work and you refuse to pay him immediately, he could put a lien on your ppty and then more headaches for you.
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Old Yesterday, 02:47 PM
 
Location: North State (California)
2,780 posts, read 501,608 times
Reputation: 2830
Ask if they will wait to be paid out of escrow, someone will. Do some phone calls.
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Old Today, 07:27 AM
 
Location: Grosse Ile Michigan
20,737 posts, read 53,614,658 times
Reputation: 19769
Offer them an extra $500 to wait and you may get some takers.
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