Corrective Work

Definition

  • Repairs (or maintenance) that are requested by a buyer that must be completed before closing the sale.

Synonyms
repairs, quick fixes, final touches

Related Terms and Acronyms

  • Closing Definition,
    • In real estate, the delivery of a deed, the payment of the purchase price, the signing of notes, and the paying of closing costs, which completes a real estate transaction.
  • Curable Defect Definition,
    • A problem with a property that can be remedied. Peeling paint is a curable defect, but location in a crime-ridden neighbourhood is not.
  • Home Inspection Definition,
    • A thorough examination of a house's visible structural parts and systems, conducted before purchase.
  • Home Warranty Definition,
    • A policy that guarantees workmanship on construction of a home and functionality of some appliances, and which pays for repairs for a specified period.
Compare. Calculate. Apply today.
Compare Mortgage RatesMortgage CalculatorsApply for a Mortgage