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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