Principal Sales Seller concession 
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. What are closing costs for sellers?
The Mortgage Report
JULY 1, 2025
of mortgaged home sales in April, up from 14.2% of mortgaged home sales, their highest April level marked since 2020. Buyers are stretched thin, so they’re toward cheaper homes or loans that let them put less down upfront – like FHA and VA mortgages ,” says Steven Glick , director of mortgage sales for HomeAbroad.
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Redfin
JUNE 10, 2025
Limited comparable sales (comps): Appraisers rely on recent sales of similar homes in the area. Their work includes a thorough examination of the property, detailed analysis of comparable sales , and consideration of property condition and features.
Housing Wire
JANUARY 11, 2023
In the third quarter of 2022 and the fourth quarter of 2021, sellers gave concessions in 30% of home sales. With a mortgage rate buydown, the seller’s concessions are put in an escrow account, used monthly to make up the difference in interest due between the bought-down interest rate and the permanent fixed interest rate.
Housing Wire
JANUARY 17, 2024
For real estate professionals, this option presents an opportunity to capture more sales. But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance.
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. The Department of Veterans Affairs (VA) rules prohibit VA borrowers from paying real estate commissions.
Housing Wire
SEPTEMBER 16, 2022
UWM announced that its temporary rate buydowns – fueled by seller concessions – would reduce borrowers’ interest rates by up to 2% for the first two years of a mortgage. Rocket said that a homebuyer with a $400,000, 30-year fixed rate mortgage with 5.75% interest would generally pay about $2,334 in principal and interest.
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