what are concessions in real estate

Best answer

In short,concessionsin 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.

People also ask

  • What is a concession when buying a house?

  • 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. What is a seller concession? What Are Seller Concessions?

  • What are seller concessions on a VA loan?

  • Seller concessions on VA loans may include payments toward a buyer judgments and debts, as well as VA funding fees. Seller concessions are closing costs the seller agrees to pay. They can make a home more affordable for the buyer, and they can help the seller close the deal.

  • What does’concession’mean in real estate?

  • What Does Concession Mean in Real Estate? If a seller or landlord is offering concessions, it’s a safe bet that the economy is hurting and he’s desperate to sell or rent his property. Concessions are anything that sweetens the pot in a real estate deal.

  • What are some examples of sales concessions?

  • Some examples of sales concessions include: Provide a decorating allowance, a sum of money for the buyer to put towards a desired renovation or furniture. Include furniture or other loose home items, such as window coverings, appliances, or a pool table with the sale.

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