What Homeowners Need To Know About Concessions...
- Therese “T” Augusta
- Oct 10
- 2 min read
As inventory levels increase with more homes now available for sale, sellers may need to be more flexible on their transaction terms in order to successfully close on their home. Today’s buyers have more options to choose from and are trying to get the best deal possible in an effort to help offset elevated housing costs, such as high mortgage interest rates.
What Is A Seller Concession?
A seller concession is something homeowners offer buyers to make their home standout amongst the local competition. Seller concessions are a great strategy to leverage in a shifting housing market as they unlock new possibilities - WITHOUT REDUCING the seller's bottom line! Currently many homeowners are offering buyers some sort of closing concession, such as, covering a portion of their closing costs or including a “HOME WARRANTY” for a mutually agreed upon period of time - like one year post-closing date. There’s a myriad of creative options sellers can implement nowadays. With more homes now available for sale and as inventory levels rise, implementing this strategy might be well worth it.
What Concessions Should You Offer?
Let's connect to discuss what’s presently working for consumers in our area. Every homes selling strategy is as unique & individualistic as your home itself. ❄️ Just like a snowflake - no two are alike, nor should your home selling strategy plan be.
🙋 Curious to learn more? Let’s chat. 💬 And download my NEW Keller Williams Realty App! It’s your all-in-one simplified solution for a streamlined BUYING & SELLING experience - whatever stage you’re at in your housing journey. Available to Download for FREE in the app store.
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