Concessions are an important part of the home buying transaction. They act as an additional item on the purchase contract to ensure the deal is acceptable to both parties. Though it is more common to see a seller concession, there are times when a buyer concession is also appropriate. Every transaction is different. Key Takeaways […]
What is Seller Concessions?
What is Seller Concessions? Seller concessions are when a home buyer asks the home seller to pay costs on the home buyer’s behalf. These costs could include: Title insurance, processing, origination, inspection fees and transfer taxes. For the buyer, the more costs a seller is willing to assume, the more they’ll be able to put […]