What is Seller Concessions?

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Real Estate Broker/Owner
https://activerain.com/droplet/4yTB

What is Seller Concessions? 

Seller concessions are when a home buyer asks the home seller to pay costs on the home buyer’s behalf. These costs could include:

Title insurance, processing, origination, inspection fees and transfer taxes.

For the buyer, the more costs a seller is willing to assume, the more they’ll be able to put down on their new mortgage, allowing them to save money on their payment. For the seller, bringing money for seller concessions is a great way to get their home sold fast. And if the seller already has another home, getting rid of an extra mortgage payment can be motivation enough.

Donald Horne, Team Success Listing
Associate Broker for Coldwell Banker Shooltz Realty
Oxford Office  248-969-8065
Lapeer Office  810-338-0628
donaldhorne.realtor@gmail.com

 

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Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Seller concessions are a great incentive for buyer who's cash reserves are limited.  It is always up to the seller to grant that deduction as well as what ever price concessions they may have made.

Feb 23, 2015 09:57 PM #1
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Team Success Listing LLC
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