Seller Concession

Seller Concession

A specific amount / percentage that a seller is willing to pay on behalf of the buyer to assist in the buyer’s closing costs.

  • Example : Dorothy agrees to purchase Peter’s property for $200,00.  Dorothy offers $205,000 with a $10,000 seller concession at closing, reducing the total closing costs Dorothy needs from $10,000 (5% closing cost at $200,000) to $5,250 (that’s 5% of $205,000, minus the $5,000 concession).
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