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- Concessions in real estate are benefits or discounts offered by either party to help sell a home and close a deal1234. They are usually specified during negotiations and included in closing costs2. Examples of concessions include payment for closing costs, necessary repairs, or personal property like furniture that the seller offers the buyer to sweeten the deal and close the sale1. When a seller agrees to make concessions, they’re agreeing to put some of the proceeds of the sale of their home toward the buyer’s costs, effectively rolling the cost into the buyer’s mortgage5.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.In short, concessions in real estate are incentives like payment for closing costs, necessary repairs, or personal property like furniture that the seller offers the buyer to sweeten the deal and close the sale.www.homelight.com/blog/concession-real-estate/A concession is a benefit or discount offered by the buyer or seller to help sell a home and close a deal. Concessions are usually specified during negotiations and included in closing costs. Examples include covering the costs of new appliances, moving expenses, or repairs to the home.www.redfin.com/definition/concessionIn a broad sense, concessions in real estate are benefits offered by either party to help a house sell and close. Usually, though, when we think of a concession, we think of: Sellers giving money back to buyers Covering closing costsfamilydebtplanning.com/concessions-in-real-estate/In simple terms, a seller’s concession, subsidy, or assistance, is an amount of money paid by the seller to the benefit of the home buyer at closing. Depending on the loan type, offer price, and deal negotiated, a seller can pay some or all of a buyer’s closing costs.dolinskigroup.com/buy-home/sellers-concessionsWhen a seller agrees to make concessions, they’re agreeing to put some of the proceeds of the sale of their home toward the buyer’s costs, effectively rolling the cost into the buyer’s mortgage.www.bankrate.com/real-estate/seller-concessions/
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