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

FEBRUARY 18, 2025

Home inspection fees: The cost to professionally check the property is up-to-code and in good, habitable condition. Higher monthly payments: While your upfront costs are lower, your monthly payments will be slightly higher because of the larger loan amount. VA loans A VA loan is a mortgage loan guaranteed by the U.S.

Closing costs

Redfin

FEBRUARY 20, 2025

However, there are some costs associated with selling your home, like repairs, staging, and pre-listing inspections, that may also need to be paid before closing. How much are closing costs for sellers? On average, sellers typically pay between 6% and 10% of the homes sale price in total closing costs.

Closing costs

Redfin

MARCH 18, 2025

This is more common with VA loans or USDA loans, which require no down payment. If youre using a VA or USDA loan, you dont have to make a down payment. You received seller concessions or lender credits. You may receive a refund. That means youll receive $1,000 of earnest money back.

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.

Purchase and sale agreement

Realty Biz

JANUARY 19, 2024

Research different types of mortgages available, such as conventional, FHA, or VA loans. Navigating the Home Inspection and Negotiation Process Once you have put a house under contract, the next step will be the home inspection. Navigating the home inspection and negotiation process is a critical step in buying a house.

Debt-to-income ratio