RIS Media

FEBRUARY 29, 2024

In real estate transactions, buyers and sellers often negotiate various aspects of the deal. One element that frequently arises during these negotiations is referred to as seller concessions or repair credits. Negotiations can include the purchase price, closing costs and contingencies.

Seller concession 119

Seller concession Closing costs Closing As-is 119

HomeLight

JANUARY 29, 2021

Other than that, you’re on the hook for the same closing costs as any other seller. Additional closing costs may include any seller concessions, attorney fees, and the buyer’s agent’s commission. Additional closing costs may include any seller concessions, attorney fees, and the buyer’s agent’s commission.

Closing costs 98

Closing costs Closing Seller concession Title search 98

HomeLight

MARCH 31, 2021

While researching the home sales process, you’ve likely come across the term “seller credit.” A seller credit is a type of seller concession where the seller offers the buyer money at closing to sweeten the deal. Seller credits are money the seller gives the buyer at closing.

Closing 82

Closing Seller concession Sales Closing costs 82

Realty Biz

JULY 31, 2023

Consider a secured credit card (which holds a little cash as collateral), or a “credit builder loan” (essentially a loan to yourself, held in escrow by the “lender,” who reports your monthly payments as if they’re for a regular loan). One point is equal to 1% of your total loan amount.

Seller concession 80

Seller concession Closing costs Renovation Equity 80