Blog Post 29: Seller Concessions
Blog Post 29: Seller Concession
Asking for a seller concession is back now that the market has slowed down..
Closing costs are around 2-5% of the purchase price + your down payment. This includes title fees & lending fees.
In this market, we’re able to ask for seller concessions again! Which seeks up to 3% of the sale price to go toward buyers closing costs and prepaids.
If the seller agrees, on a $400k home, for example, this would save the buyer up to $12,000 🤑