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What Are Seller Concessions?

Seller concessions are items that the seller agrees to pay for on behalf of the buyer. These can include covering closing costs, or a stipend for a major expense, like a carpet replacement.

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Peter Bately
Peter Bately
Apr 11, 2023

Concessions can only be utilized to lower the closing costs for the buyer. These cannot be applied to the down payment for the buyer's purchase or any other expenses related to the house, such as those for new windows or appliances.

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