#seller-concessions

#seller-concessions

A 2-1 buydown can be a useful option for buyers who want lower mortgage payments in the first years of homeownership-especially in today's higher-rate market. Whether you're buying a house in Austin, TX or searching for a home in Denver, CO , this temporary rate-reduction option can make the early years of a mortgage more affordable.

Concessions aren't a sign of desperation, said Deborah Morton, managing partner of The Agency Atlanta, who says concessions are common in her region. They're a sign that you know how to get deals done. The most successful agents and sellers are using them smartly, tailoring each deal to fit buyers' needs while protecting sellers' bottom line. That's what it takes to win right now.

Selling a home often involves negotiation. One tool that can help you attract buyers, smooth out deal hiccups, and close faster is the seller concession. Instead of cutting your asking price, you can offer to cover certain costs or provide credits that reduce the buyer's upfront expenses Whether you're selling a home in , , or , this Redfin guide will walk you through seller concession examples, why they matter, and how to know when offering them makes sense.