How Seller Concessions Can Save You Thousands

Buying a home is one of the biggest financial decisions you’ll ever make—and while it’s exciting, it also comes with a lot of upfront costs. Between the down payment, closing costs, inspections, and moving expenses, many buyers find themselves stretched thin.

That’s where seller concessions come in—and if you know how to use them, they can save you thousands of dollars at the closing table.

As a mortgage professional, I’ve helped countless buyers use seller concessions to keep more cash in their pockets while still securing the home they love. Let’s break down how it works.

What Exactly Are Seller Concessions?

Seller concessions are contributions from the seller toward your closing costs. Instead of paying everything out-of-pocket, you can negotiate with the seller to cover expenses like:

• Closing costs (lender fees, title fees, recording fees)

• Prepaid items (taxes, insurance, interest)

• Discount points (to lower your interest rate)

• Certain inspection-related repairs

Think of it this way: seller concessions reduce your upfront cash burden and make buying a home more affordable today—not years from now.

Why Would a Seller Pay Your Costs?

It might sound too good to be true, but sellers often agree to concessions because:

• It helps their home sell faster

• It keeps the deal together if buyers are tight on cash

• It makes their property more attractive in a competitive market

The key is how you negotiate—and that’s where having the right team on your side makes all the difference.

How Much Can You Get?

The amount of seller concessions allowed depends on your loan type:

• Conventional loans: 3–9% of the purchase price

• FHA loans: Up to 6%

• VA loans: Up to 4%

• USDA loans: Up to 6%

That means on a $350,000 home, you could potentially get the seller to cover $10,500–$21,000 in costs. Imagine what you could do with that savings!

The Bottom Line

Seller concessions aren’t just a nice bonus—they can be the difference between getting into your dream home now versus waiting another year to save more cash.

If you’re thinking about buying a home, let’s talk about how we can structure your offer to take advantage of seller concessions. I’ll guide you through the process, negotiate strategically with your agent, and make sure you’re walking into your new home with confidence—and extra cash in your pocket.

📞 Ready to see how much you could save with seller concessions? Let’s connect today and get you pre-approved.