As far as lenders are concerned, ALLOWANCES in offers is unacceptable. If there is a problem with a property, the problem must be corrected by closing. Giving a borrower $1,000 allowance at closing is not going to work for a secondary market loan. Just giving a buyer $ at closing will not work. Why: If it's a sever problem like an electrical or structural problem, a borrower could get a credit at closing and not fix the problem. Unfortunately most loans will not allow escrows for anything. Sometimes, weather-related items are permitted, but otherwise, all repairs need to be completed prior to closing.
If it's not a structural problem or safety issue, just reduce the sale price as you will not be able to just give a buyer a credit on the closing statement. Once a loan is closed, there's no guarantee it's going to be completed, and the reason they don't allow escrows is costs can always change and there may not be sufficient funds to complete the repair.
If you keep in mind that all repairs must be completed by closing, you won't have any problems.
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