🏠 Realtor & Real EstateModerate
Seller Concession: A seller concession is a financial credit offered…
Definition
A seller concession is a financial credit offered to the buyer instead of completing repairs before closing, typically in response to inspection findings.
Also known as: Closing cost credit, Price reduction, Repair credit
Common Questions
Real-World Example
A seller offers a $6,500 concession instead of completing repairs, and the buyer uses that credit to hire CRM Services after closing.
Why It Matters
Seller concessions often delay but don't eliminate repair work.
Related Services
Related Terms
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Home Inspection Findings
🏠Home inspection findings are the documented issues identified by a licensed inspector during a prope...
Buyer Repair Request
🏠A buyer repair request is a formal written request asking the seller to fix specific items identifie...
As-is Sale
An as-is sale means the seller is listing the property in its current condition without making repai...