Redfin

JUNE 27, 2025

Seller concessions refer to closing costs or other fees that the seller agrees to pay on the buyer’s behalf. These concessions are negotiated during the offer process and help make the purchase more affordable for the buyer, without reducing the home’s sale price. What are seller concessions in real estate?

Seller concession

Housing Wire

FEBRUARY 19, 2025

Buyers agents are not just bright smiles that open doors were the guide our clients rely on to navigate the homebuying process. This is when your buyers need you the most. Thats why having a definitive homebuying checklist is an essential part of your agent toolkit. Have you spoken to a lender? What is your reason for purchasing a new home?

Closing

Redfin

FEBRUARY 20, 2025

Closing costs arent just a buyers responsibility – sellers have their own expenses to consider as well. On average, sellers can expect to pay between 6% to 10% of the sale price in closing costs , including agent commissions, transfer taxes, and title fees. These expenses add up quickly and vary widely by location.

Closing costs

Redfin

FEBRUARY 18, 2025

Closing costs can cover a wide range of things, including but not limited to and depending on whether you are the buyer or the seller: Origination fees: What the lender charges for processing and underwriting the loan. Can you roll closing costs into your mortgage? The answer is a bit of a yes and noit’s a double-edged sword.

Closing costs

Redfin

JANUARY 10, 2025

These costs can include both mandatory fees, like title insurance and transfer taxes, and negotiable fees, such as seller concessions, where the seller agrees to contribute toward the buyers costs. Deciding when to sell your home is a major decision that can be influenced by many factorsfinancial, personal, and market-driven.

Seller concession

Redfin

MARCH 18, 2025

Earnest money is a deposit you make after your offer on a home is accepted to show the seller that youre serious about buying. Think of it as a good-faith payment that tells the seller youre committed. You received seller concessions or lender credits. What is earnest money? It can cover part of your closing costs.

Closing

Redfin

JULY 1, 2025

A seller’s credit, also known as a seller concession, is a financial agreement where the home seller agrees to cover some of the buyer’s closing costs. Rather than lowering the price of the home, the seller contributes a credit at closing to help reduce the buyer’s upfront expenses. What is a seller’s credit?

Purchase and sale agreement

Redfin

JULY 24, 2025

Buying your first home is a huge accomplishment, whether you’re dreaming of a sprawling ranch-style in Dallas or a charming Victorian home in Charlotte. It’s natural to have a lot of questions, and one of the most common is, “What exactly is a down payment ? And what is the minimum down payment for a first-time home buyer?”

FHA loan

HomeLight

NOVEMBER 22, 2024

In a FSBO scenario, the seller assumes the responsibilities that would normally fall to their agent, such as pricing the home , arranging showings , and negotiating the deal. This primarily enables sellers to save on commission fees. Thus, sellers working with an agent only have to cover their listing agent’s fee, which is about 2.5%

Seller concession

Redfin

JUNE 9, 2025

In a seller’s market, buyers may waive the appraisal contingency or offer an appraisal guarantee. An appraisal gap occurs when a home’s appraisal value comes in lower than the price the buyer agreed to pay. This is a common challenge in competitive housing markets, where roughly 8% of home appraisals come in below the contract price.

Purchase and sale agreement

Rochester Real Estate

NOVEMBER 5, 2015

Top Frequently Asked Questions From Home Sellers It’s known that the home buying process comes with many frequently asked questions and the home selling process is no different. Since every home sellers situation is different, you should discuss the timing of your home sale with your Realtor.

Purchase and sale agreement

Redfin

AUGUST 4, 2025

Understand the seller’s motivation Beyond the numbers, understanding the seller’s motivation can give you a unique edge. If a seller is facing time-sensitive circumstances, they may be more willing to negotiate on price or other terms. Do your homework before you make an offer Negotiation begins long before you submit an offer.

Earnest money deposit

The Mortgage Report

JULY 1, 2025

With that price icing out many buyer candidates, sellers are more eager to negotiate lately, agreeing to lower down payments in order to close deals in a cooling market where there are now 34% more sellers than buyers. How Soon Can I Refinance? How Often Can I Refinance? It Is Worth Refinancing For 0.5%? People are stretched thin.

Loans

Redfin

JUNE 5, 2025

Sellers are realizing they’re no longer in charge, with many offering concessions. Here’s what to know about buyer’s vs seller’s markets, how to tell which market you’re in, and where each side has the most leverage right now. What is a buyer’s market vs seller’s market? It’s a sharp reversal from the pandemic-era boom.

Marketing

HomeLight

MAY 23, 2025

If youre like many residents in Maine, your home is probably your most significant financial asset. Selling it is a major decision. You may be considering moving to another state, relocating to the suburbs, or downsizing to a more practical home. How Much Is Your Maine Home Worth Now? But theyre still selling, its just taking a bit more time.

Purchase and sale agreement

Redfin

MARCH 4, 2025

One of the benefits of homeownership is building equity – the amount of the home you actually own. Home equity can be used to help you buy a new home, make improvements to your house to increase its value, or pay off debts. So, how do you calculate how much home equity you have? Home equity is the amount of your home that you actually own.

Equity

Redfin

JUNE 10, 2025

Offer seller concessions or financing: Instead of reducing the core price, you might offer seller credits toward the buyer’s closing costs. Offer seller concessions or financing: Instead of reducing the core price, you might offer seller credits toward the buyer’s closing costs.

Purchase and sale agreement

Housing Wire

JULY 30, 2024

California Regional MLS (CRMLS) has decided to remove fields listing seller concessions from its platform. Additionally, CAR’s updated RLA form does not include any references to seller concessions. One such change outlined in the settlement is the banning of offers of buyer broker compensation from the MLS.

Seller concession

Housing Wire

AUGUST 17, 2022

United Wholesale Mortgage (UWM) this week launched temporary rate buydowns, a product that allows borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment. It comes at a time in which the housing market favors buyers and seller concessions become more frequent.

Seller concession

Housing Wire

JANUARY 11, 2023

And to close deals, sellers are increasingly coming to the table with concessions and rate buydowns. . In the third quarter of 2022 and the fourth quarter of 2021, sellers gave concessions in 30% of home sales. “So, in essence, the seller helped pay for their refinance in 12 -24 months.

Seller concession

Housing Wire

JANUARY 10, 2023

With the rise in mortgage rates and inflation, concessions regained popularity, reducing the overall cost for homebuyers through money toward repairs, closing costs and mortgage-rate buydowns. The lowest concession rate of 13.4% These areas saw a surge in migration as remote workers looked to relocate to affordable and warm areas.

Seller concession

Housing Wire

JUNE 10, 2021

From staging fees, home improvements, repairs and seller concessions, there are several hidden costs involved in the selling process. To attract potential buyers, sellers have to make sure their home is aesthetically pleasing. According to HomeAdvisor , the average seller pays almost $1,500 in staging costs. Bottom Line.

Seller concession

Housing Wire

NOVEMBER 1, 2022

A 2-1 buydown can be paid for by the homebuyer or the home seller can pay for it as a seller concession. A 2-1 buydown as a seller concession can sometimes make it easier and faster for home sellers to sell their home for a good price. So what is a 2/1 rate buydown? How does a 2/1 rate buydown work?

Seller concession

Housing Wire

NOVEMBER 16, 2022

UWM is also launching a lender-paid version as an alternative to the sellers-paid product, the company announced on Wednesday. With the seller-paid version, seller concessions, which are closing costs the seller agrees to pay, are deposited as a lump sum into the buydown account. Presented by: Flagstar.

Seller concession

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. That’s a problem because mortgage LOs traditionally have not “forged as deep of inroads” with sellers’ agents.

Industrial

Housing Wire

JANUARY 17, 2024

Recently, Interested Party Contributions (or seller concessions) have been allowed with HECM for Purchase loans. This is a huge boon for the program as seller concessions have not been allowed within the FHA-insured program since its inception. Yet staggeringly few are aware of its existence.

Finance

RIS Media

JANUARY 4, 2024

One such aspect is seller credits, which can play a significant role in real estate transactions. Seller credits, or concessions, are essential for buyers and sellers to understand. We will… The post What Are Seller Concessions in Real Estate? appeared first on RISMedia.

Seller concession

Housing Wire

AUGUST 27, 2024

17 , some MLSs have allowed agents to continue indicating whether their seller is willing to consider concessions. The Bay East Association of Realtors , located in the San Francisco Bay Area, is taking things a step further by removing its “Concessions Considered: Yes/No” field, according to an announcement on Monday.

MLS

Housing Wire

NOVEMBER 5, 2024

Real estate appraisers also rely on MLS data, including information about buyer broker compensation and seller concessions, in order to accurately appraise properties for homebuyers and lenders. Going forward, Telford is expecting even more variation in seller concessions and agent compensation due to the terms of the NAR settlement.

Seller concession

Realty Biz

JUNE 22, 2021

What to Know About a Seller Concession. Many terms get bantered around in real estate that either a buyer or seller may not know the meaning of. One such term is seller’s concessions. It is not uncommon at all for a client to ask what are seller concessions. What is a seller concession?

Seller concession

Housing Wire

JULY 18, 2024

The watchdog group also recommends that both the broker and the buyer should be able to terminate the agreement at any time without a fee; that buyers should not be required to go into mediation or arbitration if there is a dispute; and that any seller concessions should go to buyers, not brokers, to use how they see fit.

Seller concession

Housing Wire

AUGUST 14, 2024

“We are changing our approach with a lot of things, and we are doing that with the collateral we put out, there is a video series we put out, and there are obviously conversation we are having with sellers on what it is they need to do, how it needs to be done and what their options are for doing it,” Harvey said.

Agents

Housing Wire

APRIL 15, 2024

The GSEs noted that this guidance was not an update to their selling guides but a clarification on the treatment of seller-paid real estate agent fees. CHLA appreciates Fannie Mae’s clarification today that seller payment of buyer realtor commissions will not be counted towards seller concession caps,” a spokesperson wrote in an email.

Agents

Housing Wire

MARCH 25, 2024

While this may be similar to how agents in some MLSs note that sellers are willing to provide concessions, Papasan made it clear that seller concessions and commissions are not the same thing. Seller concessions is money that is being given by the seller directly to the buyer,” Papasan said.

Purchase and sale agreement

Housing Wire

NOVEMBER 7, 2023

Not helping FHA, VA borrowers get off the sidelines Under current FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points. It was through seller incentives that loan originator Ryan Grant helped his FHA borrower buy down 3.5 points from the 7.5%

VA loan

Housing Wire

MARCH 13, 2024

The basis of the idea goes something like this: in today’s high-tech digital world, there exists abundant online resources whereby any buyer can review any property, compare any property value, draw an accurate opinion of any property value, and even reach out directly to sellers to negotiate a transaction.

Seller concession

Maximum Exposure Real Estate

JUNE 7, 2021

Everything You Need to Know About Seller’s Concessions Have you heard a real estate agent using the term “seller’s concessions” and wondered what it meant? The post Seller’s Concessions: What is a Seller Concession and How Do They Work appeared first on Massachusetts Real Estate Exposure.

Seller concession