{"id":295188,"date":"2024-12-11T01:23:03","date_gmt":"2024-12-11T06:23:03","guid":{"rendered":"https:\/\/www.houzeo.com\/blog\/?p=295188"},"modified":"2024-12-11T04:03:31","modified_gmt":"2024-12-11T09:03:31","slug":"seller-concessions","status":"publish","type":"post","link":"https:\/\/www.houzeo.com\/blog\/seller-concessions\/","title":{"rendered":"Seller Concessions: A to Z Guide for Home Sellers"},"content":{"rendered":"\n<p class=\"highlight\">In the current market, where sales have declined by<a href=\"https:\/\/www.reuters.com\/markets\/us\/us-new-home-sales-fall-august-median-house-price-drops-2024-09-25\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"> 4.7%<\/a>, seller concessions can be a powerful strategy. Over <a href=\"https:\/\/www.redfin.com\/news\/seller-concessions-october-2023\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">one-third<\/a> of homeowners offered seller concessions in 2023!<\/p>\n\n\n\n<p>Seller concessions are a portion of the buyer&#8217;s<a href=\"https:\/\/www.houzeo.com\/blog\/who-pays-closing-costs\/\" target=\"_blank\" rel=\"noreferrer noopener\"> closing costs<\/a> that a seller agrees to pay while selling a house. These concessions sweeten the deal for both buyers and sellers. They help you sell your house fast by providing the buyer with an appealing bait.<\/p>\n\n\n\t<div style=\"display: block ;\" class=\"home-page-quick-listing-wrapper  content-ql-new-ui \" main-title=\"Hassle-Free Selling Starts Here \u2014 List Now! \ud83d\udcf1\" list-title=\"List FSBO on MLS\" list-item-1=\"Save thousands in commissions\" list-item-2=\"100% online platform\" list-item-3=\"5-star customer service\" ql-button=\"\" minimize=\"true\" sidebar=\"\" contact-title=\"\" contact-content=\"\" siteurl_qlb=\"https:\/\/www.houzeo.com\" cash-ql=\"false\"><\/div>\n\t<script>\t\t\n\n\t\tdocument.addEventListener(\"DOMContentLoaded\", function () {\n\t\t\tconst isMobile = window.screen.width <= 768;\n\n\t\t\t\/\/ Global flags to prevent multiple loads\n\t\t\twindow.quickListingCssLoaded = window.quickListingCssLoaded || false;\n\t\t\twindow.quickListingJsLoaded = window.quickListingJsLoaded || false;\n\n\t\t\tconst cssURL = 'https:\/\/www.houzeo.com\/css\/quick-listing-block-v3.css?v=9.8';\n\t\t\tconst jsURL  = 'https:\/\/www.houzeo.com\/js\/quick-listing-block-v3.js?v=9.8';\n\n\t\t\t\/\/ \u2705 Load CSS immediately on mobile only\n\t\t\tif (isMobile && !window.quickListingCssLoaded) {\n\t\t\t\twindow.quickListingCssLoaded = true;\n\t\t\t\tloadCSS(cssURL);\n\t\t\t}\n\n\t\t\t\/\/ \u2705 Define JS loader (and CSS for desktop)\n\t\t\twindow.quickListingJsLoadfn = function () {\n\t\t\t\tif (!window.quickListingJsLoaded) {\n\t\t\t\t\twindow.quickListingJsLoaded = true;\n\n\t\t\t\t\t\/\/ On desktop: load CSS here (lazy), since it wasn't loaded initially\n\t\t\t\t\tif (!isMobile && !window.quickListingCssLoaded) {\n\t\t\t\t\t\twindow.quickListingCssLoaded = true;\n\t\t\t\t\t\tloadCSS(cssURL);\n\t\t\t\t\t}\n\n\t\t\t\t\tloadScript(jsURL);\n\n\t\t\t\t\t\/\/ Remove listener after load\n\t\t\t\t\tdocument.removeEventListener(isMobile ? 'touchstart' : 'mousemove', window.quickListingJsLoadfn);\n\t\t\t\t}\n\t\t\t};\n\n\t\t\t\/\/ \u2705 Add the correct event listener\n\t\t\tconst quickListingEvents = isMobile ? ['touchstart'] : ['mousemove', 'scroll'];\n\n\t\t\tquickListingEvents.forEach((eventName) => {\n\t\t\t\tdocument.addEventListener(eventName, window.quickListingJsLoadfn, {\n\t\t\t\t\tpassive: true,\n\t\t\t\t\tonce: true,\n\t\t\t\t});\n\t\t\t});\n\t\t\t\n\n\t\t\t\/\/ \u2705 Helpers\n\t\t\tfunction loadCSS(href) {\n\t\t\t\tconst link = document.createElement('link');\n\t\t\t\tlink.rel = 'stylesheet';\n\t\t\t\tlink.href = href;\n\t\t\t\tdocument.head.appendChild(link);\n\t\t\t}\n\n\t\t\tfunction loadScript(src) {\n\t\t\t\tconst script = document.createElement('script');\n\t\t\t\tscript.src = src;\n\t\t\t\tscript.async = true;\n\t\t\t\tdocument.head.appendChild(script);\n\t\t\t}\n\t\t});\n\t<\/script>\n\t\n\n\n\n<h2 class=\"margin-top-28 wp-block-heading\" id=\"what-is-a-sales-concession\"><strong>What are Seller Concessions?<\/strong><\/h2>\n\n\n\n<p>Seller concessions in real estate are transactions where the seller agrees to contribute towards a portion of the <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-are-closing-costs-for-buyer\/\" target=\"_blank\" rel=\"noreferrer noopener\">buyer&#8217;s closing costs<\/a>. <\/p>\n\n\n\n<p><strong>These costs may include:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Assistance with buyer&#8217;s closing costs like loans, fees, or appraisal costs.<\/li><li>Repair credits \u2014 so the buyer can handle repairs after the sale.<\/li><li><a href=\"https:\/\/www.houzeo.com\/blog\/buydown-mortgage\/\" target=\"_blank\" rel=\"noreferrer noopener\">Mortgage buydowns<\/a> to reduce the buyer\u2019s interest rate.<\/li><li>A one-year home warranty to cover major systems and appliances.<\/li><\/ul>\n\n\n\n<h3 class=\"margin-top-15 wp-block-heading\" id=\"why-would-a-seller-pay-closing-costs\">Why Would a Seller Pay Closing Costs? <\/h3>\n\n\n\n<p>For numerous reasons! With seller concessions, you can make your property more appealing to buyers. You can also close the deal faster. <\/p>\n\n\n\n<p>Usually, it is the buyer who pays the closing costs. However, this isn&#8217;t set in stone. As a seller, you can offer to pay a part of the closing cost to lock in a deal that favors you. <\/p>\n\n\n    <div class=\"newClosingCostBox calculatorModal viewClosingCost\">\n\t    <p class=\"ClosingTitle\">Closing Cost Calculator <\/p>\t\n\t    <div class=\"newCloseValueBox calculatorFormModal\">\t\n\t\t\t<div class=\"newCloseInputBox\">\t\n\t\t\t\t<span class=\"newCloseDollar\">\n                    <img decoding=\"async\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/newBlog\/dollar-vector.svg\" alt=\"dollar\">\n                <\/span>\n                <input id=\"number-separator\" type=\"text\" placeholder=\"Enter Your Home Price\" oninput=\"this.value = this.value.replace(\/[^0-9.]\/g, '').replace(\/(\\..*)\\.\/g, '$1');\" value=\"500,000\" min=\"10000\" step=\"10000\" class=\"homePrice number-separator form-control\">\t\t\t\t\t\n                <span class=\"errorMsg ClosingCostError\" style=\"display: none;\">Please enter your home price<\/span>\t\n\t\t\t<\/div>\n\t\t\t<div class=\"newCloseInputBox newSecClose outlineNone\">\n\t\t\t\t<span class=\"newCloseMap newselectMap\">\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.houzeo.com\/blog\/wp-content\/themes\/houzeo-new-design\/images\/hou-map.svg\" alt=\"\">\n\t\t\t\t<\/span>\n\t\t\t\t<select aria-label=\"State selection dropdown\" class=\"exist-option-only form-control\" style=\"width: 100%;\">\n                 <option value=\"alabama\" >Alabama<\/option><option value=\"alaska\" >Alaska<\/option><option value=\"arizona\" >Arizona<\/option><option value=\"arkansas\" >Arkansas<\/option><option value=\"california\" >California<\/option><option value=\"colorado\" >Colorado<\/option><option value=\"connecticut\" >Connecticut<\/option><option value=\"delaware\" >Delaware<\/option><option value=\"florida\" >Florida<\/option><option value=\"georgia\" >Georgia<\/option><option value=\"hawaii\" >Hawaii<\/option><option value=\"idaho\" >Idaho<\/option><option value=\"illinois\" >Illinois<\/option><option value=\"indiana\" >Indiana<\/option><option value=\"iowa\" >Iowa<\/option><option value=\"kansas\" >Kansas<\/option><option value=\"kentucky\" >Kentucky<\/option><option value=\"louisiana\" >Louisiana<\/option><option value=\"maine\" >Maine<\/option><option value=\"maryland\" >Maryland<\/option><option value=\"massachusetts\" >Massachusetts<\/option><option value=\"michigan\" >Michigan<\/option><option value=\"minnesota\" >Minnesota<\/option><option value=\"mississippi\" >Mississippi<\/option><option value=\"missouri\" >Missouri<\/option><option value=\"montana\" >Montana<\/option><option value=\"nebraska\" >Nebraska<\/option><option value=\"nevada\" >Nevada<\/option><option value=\"new-hampshire\" >New Hampshire<\/option><option value=\"new-jersey\" >New Jersey<\/option><option value=\"new-mexico\" >New Mexico<\/option><option value=\"new-york\" >New York<\/option><option value=\"north-carolina\" >North Carolina<\/option><option value=\"north-dakota\" >North Dakota<\/option><option value=\"ohio\" >Ohio<\/option><option value=\"oklahoma\" >Oklahoma<\/option><option value=\"oregon\" >Oregon<\/option><option value=\"pennsylvania\" >Pennsylvania<\/option><option value=\"rhode-island\" >Rhode Island<\/option><option value=\"south-carolina\" >South Carolina<\/option><option value=\"south-dakota\" >South Dakota<\/option><option value=\"tennessee\" >Tennessee<\/option><option value=\"texas\" >Texas<\/option><option value=\"utah\" >Utah<\/option><option value=\"vermont\" >Vermont<\/option><option value=\"virginia\" >Virginia<\/option><option value=\"washington\" >Washington<\/option><option value=\"west-virginia\" >West Virginia<\/option><option value=\"wisconsin\" >Wisconsin<\/option><option value=\"wyoming\" >Wyoming<\/option><option value=\"district-of-columbia\" >District of Columbia<\/option>                <\/select>\n                <div id=\"myModal\"><\/div>\n\t\t\t<\/div>\t\n\t\t<\/div>\n\t\t<div class=\"newCloseBox\">\n\t\t\t<div class=\"newRoleSelect\">\t\n\t\t\t\t<p class=\"newRoleTitle\">Select Your Role<\/p>\n\t\t\t\t\t<div class=\"newRoleRadioBox\">\n                        <div class=\"customRadio\">\n                            <label for=\"radio-6a3d6688ae142\">\n                                <input id=\"radio-6a3d6688ae142\" type=\"radio\" value=\"3\" name=\"radio-group-6a3d6688ae144\" checked> <span class=\"checkmark\"> <label for=\"radio-6a3d6688ae142\" class=\"checkmarkLabel\"><\/label>Seller<\/span>\n                            <\/label>\n                        <\/div>\t\n\t\t\t\t\t\t<div class=\"customRadio\">\n                            <label for=\"radio-6a3d6688ae143\">\n                                <input id=\"radio-6a3d6688ae143\" type=\"radio\" value=\"4\" name=\"radio-group-6a3d6688ae144\" > <span class=\"checkmark\"> <label for=\"radio-6a3d6688ae143\" class=\"checkmarkLabel\"><\/label> Buyer <\/span><\/div>\n                            <\/label>\n                        <\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"newRoleButtonBox listingNewRole\">\n                        <a target=\"_blank\" class=\"newRoleButton listingNowBtn\" rel=\"noopener\" data-wpel-link=\"internal\">View My Closing Costs<\/a>\n\t\t\t\t\t<\/div>\n                   \n\t\t<\/div>\t\n\t<\/div>  \n\n<script>\ndocument.querySelectorAll(\".listingNowBtn\").forEach(function(button) {\n    button.addEventListener(\"click\", function(e) {\n        e.preventDefault();\n\n        var calculatorContainer = button.closest(\".newClosingCostBox\"); \/\/ Find the parent container\n        var propertyPriceInput = calculatorContainer.querySelector(\".homePrice\");\n        var propertyPrice = propertyPriceInput.value.replace(\/,\/g, ''); \/\/ Get price\n\n        if (propertyPrice == \"\" || propertyPrice == \"0\") {\n            calculatorContainer.querySelector(\".errorMsg\").style.display = \"block\";\n            return;\n        } else {\n            calculatorContainer.querySelector(\".errorMsg\").style.display = \"none\";\n        }\n\n        var sellerRadio = calculatorContainer.querySelector(\"input[type='radio'][value='3']\");\n        var buyerRadio = calculatorContainer.querySelector(\"input[type='radio'][value='4']\");\n        var state = calculatorContainer.querySelector(\".exist-option-only\").value;\n\n        var sellerOrBuyer = sellerRadio.checked ? \"seller-closing-costs\" : \"buyer-closing-costs\";\n\n        window.open(\"https:\/\/www.houzeo.com\/\" + sellerOrBuyer + \"\/\" + state + \"?price=\" + propertyPrice, \"_blank\");\n    });\n});\n<\/script>\n<script>\n    document.addEventListener('DOMContentLoaded', function () {\n        loadCSS('https:\/\/cdn.jsdelivr.net\/npm\/select2@4.0.12\/dist\/css\/select2.min.css?version=1.0.0');\n        loadScript('https:\/\/cdn.jsdelivr.net\/npm\/select2@4.0.12\/dist\/js\/select2.min.js?version=1.0.0', function(){\n\n            jQuery(\"select.exist-option-only\").select2({\n                dropdownParent: jQuery('#myModal')\n            })\n        });\n    });\n<\/script>\n\n\n\n\n<h2 class=\"margin-top-28 wp-block-heading\" id=\"How-Much-Do-Sellers-Pay-in-Closing-Costs\"><strong>How Much Do Sellers Pay in Closing Costs?<\/strong><\/h2>\n\n\n\n<p>Typically<span style=\"margin: 0px; padding: 0px;\">, a seller pays <a href=\"https:\/\/www.newsobserver.com\/news\/business\/real-estate-news\/article289408456.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">8% to 10%<\/a> of the sale price. The&nbsp;<a href=\"https:\/\/www.houzeo.com\/blog\/closing-costs-for-sellers\/\" target=\"_blank\" rel=\"noopener\">closing cost for sellers<\/a>&nbsp;depends on several factors, such as the house&#8217;s location, lender costs, terms of sale, and buyer-seller<\/span> negotiations.<\/p>\n\n\n\n<p>The expenses involved in the seller&#8217;s closing costs are:<\/p>\n\n\n\n<ul class=\"wp-block-list\" id=\"selling-a-house\"><li><strong>Agent Commissions:<\/strong> Costs between 4% and 6% of the sale. However, you can work with a <a href=\"https:\/\/www.houzeo.com\/blog\/discount-real-estate-brokers\/\" target=\"_blank\" rel=\"noreferrer noopener\">discount broker<\/a> and pay a low commission of up to 2%.<\/li><li><strong>Transfer Tax:<\/strong> The amount of transfer tax depends on the state in which you are&nbsp;<a href=\"https:\/\/www.houzeo.com\/blog\/selling-a-house\/\" target=\"_blank\" rel=\"noopener\">selling a house<\/a>.<\/li><li><strong>Title Insurance:<\/strong> The <a href=\"https:\/\/www.houzeo.com\/blog\/how-much-is-title-insurance\/\" target=\"_blank\" rel=\"noreferrer noopener\">cost of title insurance<\/a> ranges between 0.5% to 1% of the sale price. It protects new homeowners&#8217; rights from any future disputes. <\/li><li><strong>Escrow Fees:<\/strong> <a href=\"https:\/\/www.houzeo.com\/pros\/escrow-companies-near-me\" target=\"_blank\" rel=\"noreferrer noopener\">Escrow companies<\/a> charge either a flat fee or around 1% of the home sale price. They manage the real estate transactions up to closing. <\/li><li><strong>Prorated Property Taxes: <\/strong>These are the taxes you owe for the period you stay in your house during the year of sale. <\/li><\/ul>\n\n\n\n<h2 class=\"margin-top-28 wp-block-heading\" id=\"pros-and-cons\"><strong>What Are the Pros and Cons<\/strong> <strong>of Seller Concessions? <\/strong><\/h2>\n\n\n\n<p>Consider the following factors before you choose to offer seller credit:<\/p>\n\n\n\n<h3 class=\"margin-top-15 wp-block-heading\"><strong>Pros<\/strong><\/h3>\n\n\n\n<ul class=\"margin-top-15 wp-block-list\"><li><strong>Attract More Buyers:<\/strong> Seller assist can help you broaden the pool of potential buyers. This is because it reduces their financial burden.<\/li><li><strong>Make a Quick Sale:<\/strong> Seller concessions cover the gap when the buyer struggles to pay closing costs; this can expedite the home sale process. <\/li><\/ul>\n\n\n\n<h3 class=\"margin-top-15 wp-block-heading\" id=\"disadvantages\"><strong>Cons<\/strong><\/h3>\n\n\n\n<ul class=\"margin-top-15 wp-block-list\"><li><strong>Reduced Net Profits:<\/strong> Seller credits can negatively impact your net sales profit. The concession amount could impact your financial planning.<\/li><li><strong>Negative Perception:<\/strong> Concessions can imply that the property has some issues and you are desperate to sell it fast. This perception can make the house sit on the market unsold for a longer time.<\/li><li><strong>Higher Costs:<\/strong> Seller concessions may mean you cannot set a high selling price. Since closing costs are a percentage of the sale price, a higher selling price will mean higher closing costs for you.<\/li><\/ul>\n\n\n\n<h2 class=\"margin-top-28 wp-block-heading\" id=\"seller-contribution-limits\"><strong>Are There Limits on Seller Concessions?<\/strong><\/h2>\n\n\n\n<p>Yes. The sale price or the appraised home value dictates the seller&#8217;s concession. It also depends on lender guidelines and market conditions.<\/p>\n\n\n\n<h3 class=\"margin-top-15 wp-block-heading\" id=\"limits-on-loans\"><strong>Loans with Limits on Seller Concessions<\/strong><\/h3>\n\n\n\n<p>The limit on the seller&#8217;s credit varies depending on the type of loan. Generally, <a href=\"https:\/\/www.houzeo.com\/blog\/conventional-loan\/\" target=\"_blank\" rel=\"noreferrer noopener\">conventional loans<\/a> have stricter limits than government-backed loans. <\/p>\n\n\n\n<h4 class=\"margin-top-15 wp-block-heading\" id=\"conventional-max-seller-concessions\"><strong>Conventional Loans<\/strong><\/h4>\n\n\n\n<p>The maximum concessions allowed for this type of loan is 2% to 9%. The exact limit depends on the buyer&#8217;s down payment amount.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\" id=\"conventional-max-seller-concessions\"><img decoding=\"async\" loading=\"lazy\" width=\"840px\" height=\"450px\" src=\"https:\/\/www.houzeo.com\/blog\/wp-content\/uploads\/2024\/12\/Seller-Concessions-A-to-Z-Guide-for-Sellers-1-1024x576.webp\" alt=\"Seller concessions limit on conventional loan \" class=\"wp-image-642883\" title=\"Seller Concessions Limit on Conventional Loan \" srcset=\"https:\/\/www.houzeo.com\/blog\/wp-content\/uploads\/2024\/12\/Seller-Concessions-A-to-Z-Guide-for-Sellers-1-1024x576.webp 1024w, https:\/\/www.houzeo.com\/blog\/wp-content\/uploads\/2024\/12\/Seller-Concessions-A-to-Z-Guide-for-Sellers-1-300x169.webp 300w, https:\/\/www.houzeo.com\/blog\/wp-content\/uploads\/2024\/12\/Seller-Concessions-A-to-Z-Guide-for-Sellers-1-768x432.webp 768w, https:\/\/www.houzeo.com\/blog\/wp-content\/uploads\/2024\/12\/Seller-Concessions-A-to-Z-Guide-for-Sellers-1-1536x864.webp 1536w, https:\/\/www.houzeo.com\/blog\/wp-content\/uploads\/2024\/12\/Seller-Concessions-A-to-Z-Guide-for-Sellers-1.webp 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h4 class=\"margin-top-28 wp-block-heading\" id=\"are-there-limits-on-seller-concessions-on-fha-loan\"><strong>FHA Loans<\/strong><\/h4>\n\n\n\n<p>You are allowed to contribute up to 6% for <a href=\"https:\/\/www.houzeo.com\/blog\/fha-loans\/\" target=\"_blank\" rel=\"noreferrer noopener\">FHA loans<\/a>. This percentage is calculated based on the agreed-upon sale price or the appraised value, whichever is lower.<\/p>\n\n\n\n<h4 class=\"margin-top-15 wp-block-heading\" id=\"va-seller-concessions\"><strong>VA Loans<\/strong><\/h4>\n\n\n\n<p><a href=\"https:\/\/www.houzeo.com\/blog\/what-is-va-loan\/\" target=\"_blank\" rel=\"noreferrer noopener\">VA loans<\/a> permit seller concessions up to 4%. However, these concessions <strong>must not<\/strong> include the buyer\u2019s normal closing costs like appraisal fees, credit report fees, etc.<\/p>\n\n\n\n<h4 class=\"margin-top-15 wp-block-heading\" id=\"usda-loans\"><strong>USDA Loans<\/strong><\/h4>\n\n\n\n<p>You can pay up to 6% of the home&#8217;s purchase price in <a href=\"https:\/\/www.houzeo.com\/blog\/usda-loans\/\" target=\"_blank\" rel=\"noreferrer noopener\">USDA loans<\/a>. However, these guidelines and limits are subject to change over time.<\/p>\n\n\n\n<h2 class=\"margin-top-28 wp-block-heading\" id=\"Consider-Seller-Concessions\"><strong>Should You Consider Seller Concessions? <\/strong><\/h2>\n\n\n\n<p>Yes! Seller concessions can be a win-win solution in today\u2019s real estate market, where buyers face rising costs. You can contribute to these costs to make a speedy sale. <\/p>\n\n\n\n<p>If you choose to offer concessions, consider going FSBO to make your sale even smoother. List on the MLS for a flat fee to reach more buyers and save on commissions!<\/p>\n\n\n\t<div style=\"display: block ;\" class=\"home-page-quick-listing-wrapper  content-ql-new-ui \" main-title=\"Hassle-Free Selling Starts Here \u2014 List Now! \ud83d\udcf1\" list-title=\"List FSBO on MLS\" list-item-1=\"Save thousands in commissions\" list-item-2=\"100% online platform\" list-item-3=\"5-star customer service\" ql-button=\"\" minimize=\"true\" sidebar=\"\" contact-title=\"\" contact-content=\"\" siteurl_qlb=\"https:\/\/www.houzeo.com\" cash-ql=\"false\"><\/div>\n\t<script>\t\t\n\n\t\tdocument.addEventListener(\"DOMContentLoaded\", function () {\n\t\t\tconst isMobile = window.screen.width <= 768;\n\n\t\t\t\/\/ Global flags to prevent multiple loads\n\t\t\twindow.quickListingCssLoaded = window.quickListingCssLoaded || false;\n\t\t\twindow.quickListingJsLoaded = window.quickListingJsLoaded || false;\n\n\t\t\tconst cssURL = 'https:\/\/www.houzeo.com\/css\/quick-listing-block-v3.css?v=9.8';\n\t\t\tconst jsURL  = 'https:\/\/www.houzeo.com\/js\/quick-listing-block-v3.js?v=9.8';\n\n\t\t\t\/\/ \u2705 Load CSS immediately on mobile only\n\t\t\tif (isMobile && !window.quickListingCssLoaded) {\n\t\t\t\twindow.quickListingCssLoaded = true;\n\t\t\t\tloadCSS(cssURL);\n\t\t\t}\n\n\t\t\t\/\/ \u2705 Define JS loader (and CSS for desktop)\n\t\t\twindow.quickListingJsLoadfn = function () {\n\t\t\t\tif (!window.quickListingJsLoaded) {\n\t\t\t\t\twindow.quickListingJsLoaded = true;\n\n\t\t\t\t\t\/\/ On desktop: load CSS here (lazy), since it wasn't loaded initially\n\t\t\t\t\tif (!isMobile && !window.quickListingCssLoaded) {\n\t\t\t\t\t\twindow.quickListingCssLoaded = true;\n\t\t\t\t\t\tloadCSS(cssURL);\n\t\t\t\t\t}\n\n\t\t\t\t\tloadScript(jsURL);\n\n\t\t\t\t\t\/\/ Remove listener after load\n\t\t\t\t\tdocument.removeEventListener(isMobile ? 'touchstart' : 'mousemove', window.quickListingJsLoadfn);\n\t\t\t\t}\n\t\t\t};\n\n\t\t\t\/\/ \u2705 Add the correct event listener\n\t\t\tconst quickListingEvents = isMobile ? ['touchstart'] : ['mousemove', 'scroll'];\n\n\t\t\tquickListingEvents.forEach((eventName) => {\n\t\t\t\tdocument.addEventListener(eventName, window.quickListingJsLoadfn, {\n\t\t\t\t\tpassive: true,\n\t\t\t\t\tonce: true,\n\t\t\t\t});\n\t\t\t});\n\t\t\t\n\n\t\t\t\/\/ \u2705 Helpers\n\t\t\tfunction loadCSS(href) {\n\t\t\t\tconst link = document.createElement('link');\n\t\t\t\tlink.rel = 'stylesheet';\n\t\t\t\tlink.href = href;\n\t\t\t\tdocument.head.appendChild(link);\n\t\t\t}\n\n\t\t\tfunction loadScript(src) {\n\t\t\t\tconst script = document.createElement('script');\n\t\t\t\tscript.src = src;\n\t\t\t\tscript.async = true;\n\t\t\t\tdocument.head.appendChild(script);\n\t\t\t}\n\t\t});\n\t<\/script>\n\t\n\n\n\n<h2 class=\"margin-top-28 wp-block-heading\" id=\"faqs\"><strong>Frequently Asked Questions <\/strong><\/h2>\n\n\n\t\t<div class=\"wp-faq-schema-wrap wp-faq-schema-accordion\">\n\t\t\t\t\t\t<div class=\"wp-faq-schema-items\">\n\t\t\t\t\t\t\t\t\t<p class=\"ui-accordion-header\">\n\t\t\t\t\t\tWhat is a seller credit in real estate?\t\t\t\t\t\t<span class=\"ui-accordion-header-icon ui-icon ui-icon-triangle-1-s\"><\/span>\n\t\t\t\t\t<\/p>\n\t\t\t\t\t<div class=\"ui-accordion-content\">\n\t\t\t\t\t\t<p><a href=\"#what-is-a-sales-concession\">Seller concessions<\/a> or credits are the portion of the buyer's closing costs that the seller agrees to contribute. It is a negotiation tactic to attract buyers and make a quick sale.<\/p>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<p class=\"ui-accordion-header\">\n\t\t\t\t\t\tWhat is the most a seller can pay in closing costs?\t\t\t\t\t\t<span class=\"ui-accordion-header-icon ui-icon ui-icon-triangle-1-s\"><\/span>\n\t\t\t\t\t<\/p>\n\t\t\t\t\t<div class=\"ui-accordion-content\">\n\t\t\t\t\t\t<p><a href=\"#How-Much-Do-Sellers-Pay-in-Closing-Costs\">Seller's closing costs<\/a> typically range from 8% to 10% of the sale price. However, this depends on the loan type and lender rules. <\/p>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<p class=\"ui-accordion-header\">\n\t\t\t\t\t\tAre seller concessions to buyer tax deductible?\t\t\t\t\t\t<span class=\"ui-accordion-header-icon ui-icon ui-icon-triangle-1-s\"><\/span>\n\t\t\t\t\t<\/p>\n\t\t\t\t\t<div class=\"ui-accordion-content\">\n\t\t\t\t\t\t<p>Yes. Seller concession is a sales expense the home seller encounters when <a href=\"https:\/\/www.houzeo.com\/blog\/selling-a-house\/\" target=\"_blank\">selling a house<\/a>. So, it is tax-deductible.<\/p>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\n","protected":false},"excerpt":{"rendered":"<div class=\"new-excerpt\"><p class=\"small-desc\">Seller concessions are transactions where the seller offers to pay a portion of the buyer's closing costs.. Home sellers use seller credit as a negotiation...<\/p><\/div><div class=\"reading_date\"><span class=\"readtime\">5 mins read<\/span><span class=\"date\">Dec 11, 2024<\/span><\/div>","protected":false},"author":218,"featured_media":638000,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46226],"tags":[24573,42725,40234,24676,24682,42816,24678,42815,24677,42726],"class_list":["post-295188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-seller","tag-how-do-seller-credits-work","tag-max-seller-concessions-conventional","tag-max-seller-concessions-fha","tag-max-seller-concessions-va-loans","tag-max-seller-credit-on-conventional-loans","tag-seller-concession-meaning","tag-seller-concessions-fha","tag-seller-willing-to-consider-buyer-concessions-if-required-in-offer","tag-sellers-credit","tag-what-are-concessions-in-real-estate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Seller Concessions: A to Z Guide for Home Sellers<\/title>\n<meta name=\"description\" content=\"Seller concessions are a portion of the buyer closing costs that the seller agrees to pay. It&#039;s usually 8% to 10% of the sale price.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.houzeo.com\/blog\/seller-concessions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Seller Concessions: A to Z Guide for Home Sellers\" \/>\n<meta property=\"og:description\" content=\"Seller concessions are a portion of the buyer closing costs that the seller agrees to pay. It&#039;s usually 8% to 10% of the sale price.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.houzeo.com\/blog\/seller-concessions\/\" \/>\n<meta property=\"og:site_name\" content=\"Houzeo Blog\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-11T06:23:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-11T09:03:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.houzeo.com\/blog\/wp-content\/uploads\/2024\/11\/Seller-Concessions.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Bhagyesh Behere\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bhagyesh Behere\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Seller Concessions: A to Z Guide for Home Sellers","description":"Seller concessions are a portion of the buyer closing costs that the seller agrees to pay. 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