Is it better to negotiate for seller concessions or price?

  1. Marc Rohde profile image71
    Marc Rohdeposted 10 years ago

    Is it better to negotiate for seller concessions or price?

    When purchasing a home is it better to negotiate for seller concessions or price reductions assuming that a buyer has an appropriate amount to cover the closing costs and down payment?

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  2. Stacie L profile image80
    Stacie Lposted 10 years ago

    I personally like the concessions. I've sold two home using seller concession and it helped the new home buyers credit wise. In a buyers market, it can be a great selling tool to attract more offers.This option is especially good if repairs are required before a mortgage is approved.
    The concessions should be discussed and in the contract so the bank will look more favorably at the purchase.

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