I think seller concessions or seller contributions is an awful term, as it is so misleading. We all know there is nothing free in life! At least not free in a home sale/buy transaction. Seller concessions are essentially buyer financed closing costs/prepaid items. They are used when a borrower either does not have enough money to pay for their closing costs out of pocket or when they would rather keep their cash on hand and finance the closing costs into their loan. I am seeing seller concessions used … (6 comments)
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