https://youtube.com/shorts/InIZKKiw5pA?si=z-y6doOObZydQuLX
If you are asking for a seller credit, here's what it actually means and how it affects both the buyer and the seller. In the purchase agreement, it's actually called a seller concession, but most people just say seller credit. Either way, it's money the seller gives the buyer at closing. When I explain this to buyers, I say, "It's money the seller gives to cover your closing costs, things like your first year's homeowner's insurance, your side of the title fees, and your lending fees. Just remember that money is coming from the seller, so it directly affects what they walk away with. For example, if you offer $200,0000 and ask for a $4,000 concession, the seller will really be looking at that like a $196,000 offer. So, when an offer includes a seller concession, the seller and I look at the full picture, price, terms, and net proceeds. And many times, a concession helps the transaction work for everyone involved. If you want help navigating that, send me a message.
