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

Redfin

MARCH 18, 2025

But what actually happens to that money once the deal closes? Or does the seller keep it? This Redfin article will break down exactly what happens to your earnest money at closing, and what to expect in different scenarios. What happens to earnest money at closing? It can cover part of your closing costs.

Closing

Redfin

JANUARY 10, 2025

Closing costs Closing costs refer to the fees and expenses associated with finalizing the sale of a home, typically paid at the closing of the transaction. Other closing costs will vary by state but often include title insurance, transfer taxes, escrow fees, attorney fees, and seller concessions.

Seller concession

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.

Purchase and sale agreement

HomeLight

NOVEMBER 22, 2024

We provide a comprehensive overview of the full process of preparing , marketing , and closing on your home without the assistance of a real estate agent. Plus, when a seller isn’t working with an agent, the buyer’s agent may end up carrying more of the weight to get the deal to the finish line.

Seller concession

Redfin

JULY 24, 2025

Many states and local governments offer generous grants and low-interest loans specifically designed to help first-time homebuyers cover down payments and even closing costs. These can be a game-changer, as grants often don’t need to be repaid.

FHA loan

Rochester Real Estate

NOVEMBER 5, 2015

The average days on market can indicate to a seller how quickly homes are selling when listed for sale. A top Realtor should be able to suggest a list price that ends up being very close to the final sale price. A well priced home will sell quickly and will sell for close to the listing price. What are seller concessions?

Purchase and sale agreement

Redfin

JUNE 9, 2025

Homes close to highly rated schools, parks, grocery stores, and walkable streets tend to appraise higher. For example, if the gap is $10,000, you might ask the seller to reduce the price by $5,000 while you cover the remaining $5,000. You can also ask for other concessions, such as closing cost credits, to help bridge the gap.

Purchase and sale agreement

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. Buyers across the country are bringing smaller checks to the closing table,” he says.

Loans

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. While less common, seller financing, where you act as the lender for a portion of the loan, could also be an option to bridge the gap. “Who pays for the appraisal?”

Purchase and sale agreement

Redfin

MARCH 4, 2025

Ideally, you would have enough equity to cover commissions, any liens, and closing costs. You can usually get a reverse mortgage once youve paid off – or are close to paying off – your mortgage, but you need to be 62 years of age. If youre considering selling your home, its also a good idea to know how much equity you have.

Equity

Redfin

JUNE 5, 2025

What buyers should do in a buyer’s and seller’s market In a buyer’s market : This is the ideal time for buyers to make a move, if they can afford to. Home prices may decline, listings stay on the market longer, and sellers are more likely to negotiate.

Marketing

HomeLight

MAY 23, 2025

As you plan your next move, understanding the costs associated with selling a home in Maine is critical to avoiding surprises at the closing table. Whether you pay on the higher or lower end of this estimate largely depends on your choices regarding home preparations, agent commissions, and any seller concessions offered to the buyer.

Purchase and sale agreement

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. . Loan officers saw an increase in mortgage demand during the first week of 2023 as mortgage rates ticked down.

Seller concession

Housing Wire

JANUARY 10, 2023

In Q4 of 2022, 22% of Redfin’s home sales included a concession and lower listing price, while 19% included both a concession and a listing-price cut while the home was on the market. When the 30-year mortgage rate was around 3%, there was a higher demand for homes and such deals were not as popular.

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. Seller Concessions. A concession is when the seller agrees to pay part of a buyer’s closing costs. Naturally, the price a buyer will ask a seller to pay will vary.

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. How does a 2/1 rate buydown work? What are the pros and cons?

Seller concession

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. Assisting homebuyers and their agents adds more to an LO’s plate.

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. stares down the barrel of a considerable economic downturn.

Finance

Housing Wire

NOVEMBER 16, 2022

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. The temporarily lower rate is made possible by a lump sum that is deposited into a buydown account. Presented by: Flagstar. primary home purchases.

Seller concession

RIS Media

JANUARY 4, 2024

Seller credits, or concessions, are essential for buyers and sellers to understand. They are financial incentives homesellers offer buyers as part of the closing process. We will… The post What Are Seller Concessions in Real Estate? appeared first on RISMedia.

Seller concession

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

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. “But agent commissions have never been a closing cost from a buyer perspective. Grant said.

VA loan

The Mortgage Report

JULY 31, 2020

A seller concession is an agreement where the home seller pays the buyer's closing costs. Learn how seller concessions work here.

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

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

Realtor.com

NOVEMBER 15, 2022

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. How do seller concessions work?

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? Buying a home can stretch your finances to the limit, with closing costs that could be as much as 5% of the purchase price.

Seller concession

RIS Media

MARCH 1, 2024

A new Bright MLS survey of 450-plus agents indicated that seller concessions have increased in the Mid-Atlantic housing market. Those interviewed consisted of agents who have worked with sellers in the past six months across the Bright footprint.

Seller concession

Housing Wire

OCTOBER 21, 2022

In times as tough as these, mortgage lenders must be proactive in borrower outreach and find consumers’ home finance needs if they’re going to close a deal, a new report by mortgage relationship data company Sales Boomerang concludes. Rocket launched a similar product in September.

Seller concession

Housing Wire

FEBRUARY 9, 2021

Ask for seller concessions to make up for the increased price. Change your closing date to a more convenient one for the seller. Your real estate agent can help if you decide to go this route. You can also: Offer to split the difference. Offer free lease-back, letting them stay in the home while they find their new place.

Earnest money deposit

Broke Agent Media

MARCH 16, 2023

BAM Key Details: A new Redfin report shows over 45% of sellers giving concessions to incentivize buyers, with a record 13% of sales involving both price cuts and concessions. Pandemic boomtowns, led by Seattle, have seen the biggest increases in seller concessions, which are most common in Las Vegas at 51.6%

Seller concession

Housing Wire

MAY 20, 2024

The National Association of Realtors (NAR) proposed settlement of litigation, recently given preliminary approval by the Court, has raised questions about whether buyers with limited resources, especially first-time home buyers , can afford closing costs. This proposal would also require little change in forms.

Purchase and sale agreement

Housing Wire

AUGUST 14, 2024

While Saphire can’t completely step away from discussions of buyer broker commissions, especially since he operates in MLS PIN, which did not opt into NAR’s settlement and is still allowing offers of cooperative compensation on its site, he is doing his best to make sure his sellers are fully in the driver’s seat when it comes to commissions.

Agents

Maximum Exposure Real Estate

JANUARY 4, 2023

Everything You Need to Know About Seller’s Concessions Have you heard a real estate agent using the term “seller’s concessions” or “selling concessions” and wondered what it meant? This can make […].

Seller concession