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What Are Seller Credits in Real Estate: The Assistance Buyers Need

RIS Media

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.

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Selling FSBO? Tally Your Closing Costs Without a Realtor

HomeLight

Additional closing costs may include any seller concessions, attorney fees, and the buyer’s agent’s commission. Beyond these closing costs, FSBO sellers cover expenses normally included in a listing agent’s commission, such as marketing costs. Seller concessions. Pre-listing home inspection. Property survey.

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4 Scenarios Where Sellers Can Use Seller Credits to Close the Sale

HomeLight

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. Kauffman confirms that seller credits are an important building block of the negotiation process.

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10 Ways to Reduce the Cash You Need to Buy a Rental Property

Realty Biz

Cosmetic updates make a great first place to start, but once you get into structural or trade repairs like rewiring an old house, you start needing to pull permits from the local housing authority, suffer through inspections, and coordinate repairs with multiple specialist contractors rather than one single crew.