Buyers may be caught off guard when first speaking to their Lender and learning the associated closing costs involved in buying a home. They must prepare by saving enough money for not only a down payment but also to take care of the closing costs and an earnest money deposit too. Without the Seller Concession Buyers may have to wait and save more in order to purchase a home.The Seller Concession allows the Buyer to finance their closing costs into the mortgage by requesting approximately 3% for closing costs from the Seller.
Buyers have many hurdles to get over in becoming pre-approved through a Lender. The Seller Concessions allows more Buyers to purchase, turning potential non- prospects into strong and able Buyers!!