What Are Seller Concessions? Here’s Why They’re a ‘Win-Win for Both Sides’ MABA Massachusetts RealEstate FirstTimeHomeBuyers

In a real estate transaction, both the buyer and the seller are looking to maximize their bottom line. This means navigating the highs and lows of the real estate market and strategizing ways to improve the terms of the deal on the table.

One type of incentive that buyers—and sellers—can use is called seller concessions.

Seller concessions occur when a seller agrees to cover the cost of things the buyer usually pays for, such as closing costs, title searches, property appraisals, and other fees. Sellers can also offer to pay for repairs should the home inspection reveal that they’re necessary.

Read on for a primer on seller concessions, how they work, and how both buyers and sellers can use them to their advantage under current market conditions.

How do seller concessions work?

Seller concessions can be introduced at any point in the homebuying process.

“Seller concessions typically surface during negotiations, but they can also be advertised directly on the listing before the property even goes under contract,” says Doug Greene of Signature Properties Philly.

In many cases, seller concessions don’t………………………….

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FIRST TIME HOMEBUYERS