Kayes RRG Buyers Magazine | Page 15

Seller Concessions: A Win-Win for Both Buyers and Sellers! AS A HOME BUYER, YOU SHOULD KNOW ABOUT SELLER CONCESSIONS, ALSO CALLED SELLER CONTRIBUTIONS.* HERE’S HOW THEY WORK: An agreement can be made between you and the seller where the seller pays for certain financing costs on your behalf at closing. In addition to benefiting buyers by helping to pay for closing costs, concessions can be a good way for sellers to sell their home faster. Seller concessions can pay for closing costs including: • Appraisal fees • Attorney’s fees • Loan processing fees • Title insurance • And more! *Seller co