Concessions in Real Estate
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Concessions in Real Estate
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In “What Are Concessions in Real Estate?” I explain how negotiated concessions may help cover certain closing costs, prepaid expenses, repairs, or an eligible mortgage rate buydown.
We also discuss:
• How concessions differ from a price reduction
• Why the permitted amount varies by loan program
• How concessions may affect a buyer’s cash requirement
• Why lenders and real estate agents should coordinate before the offer is written
The strongest transaction may not always have the lowest sales price. It may be the one with the most effective combination of price, financing, and negotiated terms.
Always here to help,
Watch or listen here:
https://bit.ly/MMGPodcast
Mark Zachary
Broker/Owner | Certified Mortgage AdvisorNMLS# 201166
Mark@NextStepHomeLoans.com
Next Step Home Loans, LLC
832-504-9014
Company NMLS# 1746763
#SellerConcessions #MortgageEducation #TexasRealEstate #MortgageProfessionals #HomebuyingStrategy #MarksMortgageGuide #NextStepHomeLoans