Seller concessions can help buyers reduce the amount of cash needed at closing while helping sellers attract more buyers and keep transactions moving forward. In this video, Monika Hosko explains how seller concessions work, when they are commonly used, and why they can be a valuable negotiation tool in today's real estate market.
In this video, you'll learn:
• What seller concessions are
• How seller concessions can help reduce closing costs
• When sellers may offer concessions
• Why a fixed dollar amount is often better than a percentage
• How different loan programs may affect seller contributions
Have questions about buying or selling a home, closing costs, or seller concessions? Complete the form below and Monika will be happy to answer your questions and discuss your specific situation.