Secrets to Seller’s Concessions: An Easy, Important Introduction

February 22, 2020

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When buying a home, you will have closing costs. How you attempt to pay for your closing costs during your purchase can have a large impact on your overall home buying journey. In this video, we cover what are seller concessions in real estate as well as how they can change the competitiveness of an offer. We also give an example of how a seller concession works and how it relates to a mortgage and home appraisal, including what can happen if the appraisal is lower than the purchase price for the home. Lastly, for buyers, we provide some home buying tips that may help to increase the quality of an offer when you have a seller concession while on the seller side we discuss how to handle offers that contain seller concessions for your home.

MORE VIDEOS: To learn more about closing costs, WATCH HERE: https://youtu.be/hadLUIeQMTI For Pre-Approval: 5 Reasons It Can Make You Happy, WATCH HERE: https://youtu.be/l15fNtUlbjs To learn about short sales, WATCH HERE: https://youtu.be/UZVT_MufqNA

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PROFESSIONAL EQUITY ASSESSMENT REPORT: If you would like to receive a professional equity assessment report in order to know your home’s current market value, you can visit www.homepricebronx.com.

WEBSITE: You can also visit my website at: www.justinsimmonsbronxhomes.com to search for Bronx real estate and other homes for sale in New York City (and beyond) and to find additional content regarding how to sell a home.

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