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Is a Seller Concession or a Price Reduction Better When Selling?

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Real Estate Agent with Coldwell Banker Sea Coast Advantage 209100
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If you've had your home listed for sale and still haven't received an offer, you're likely considering your next course of action to entice buyers. The two most popular options are a seller concession (credits) and a price reduction. Which is the better choice for home sellers? Realtor Melanie Cameron addresses that in this video.

Thinking about selling but not sure what you can get for your home? Schedule a Comparative Market Analysis with Melanie. Fill out our form and she'll be in touch.

Would you like more insight into the selling process? Download our Seller Guide or reach out to Melanie at one of the phone numbers below. We look forward to helping you with all your real estate needs!

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And if you're thinking about selling or buying, 📞 us at (910) 233-2840.

We look forward to helping you with all your real estate needs!

Comments(6)

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Roy Kelley
Retired - Gaithersburg, MD

Good Tuesday morning, Melanie. A price reduction is often the best move.

Have a great day and a very productive week.

Jun 13, 2023 07:34 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great post!  Thanks for sharing and enjoy your day!

Jun 13, 2023 07:55 AM
George Souto
George Souto NMLS #65149 - Middletown, CT
Your Connecticut Mortgage Expert

Melanie Cameron from a Loan Originator's prospective, seller concession  are a far better option.  At todays interest rates every $1,000 price reduction is only about a $7 reduction in the monthly payment, where as every $1,000 seller concession can make a big difference in the closing costs.

Jun 13, 2023 08:42 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Melanie, in Denver with the higher rates, sometimes a seller concession is better to buy down the rate.

Jun 13, 2023 12:08 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

I totally agree with George Souto . Buyers are shown a concession can help them get more mileage and more bang for the buck given.

Jun 13, 2023 07:30 PM
Richard Weeks
Dallas, TX
REALTOR®, Broker
Great information, thanks for sharing.  I hope you have a great day.
Jun 20, 2023 02:03 AM
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