Seller Concessions Explained | How to Save THOUSANDS at Closing 💸

Seller concessions (also called seller credits) are one of the most powerful negotiating tools home buyers have...but most people don't even know they can ask for them! In this video, I explain exactly what seller concessions are, how they work, and how you can use them to save thousands of dollars at closing when buying a home in Northeast Ohio.
🏡 WHAT YOU'LL LEARN:
✅ What seller concessions actually are (seller credit toward closing costs)
✅ How much you can ask for based on your loan type (3-6% of purchase price)
✅ How seller concessions reduce your cash needed at closing
✅ How to structure an offer with seller concessions so everyone wins
✅ When sellers are most likely to agree to concessions
✅ Why asking for concessions is smart strategy (not desperation)
✅ How to use concessions instead of repair requests after inspections
⏱️ TIMESTAMPS:
0:00 - What are seller concessions?
0:45 - How much can you ask for? (Loan type limits)
1:30 - How seller concessions work in real numbers
2:15 - Structuring the offer so sellers don't lose money
3:00 - When to ask for seller concessions
3:45 - Why this is smart strategy, not desperation
💡 KEY TAKEAWAYS:

Seller concessions help cover your closing costs (title, appraisal, lender fees, etc.)
Conventional loans allow up to 3%, FHA up to 6%, VA up to 4%
You typically "pay for it" in the purchase price, so the seller nets the same amount
Keeps more cash in your pocket for moving, furniture, repairs after closing
Works great in slower markets or when inspection issues arise
Asking for concessions is strategic, not weak

📊 EXAMPLE:
House listed at $200,000
You offer $206,000 with $6,000 in seller concessions
Seller nets $200,000 (what they wanted)
You save $6,000 in cash at closing
Win-win! 🙌
Whether you're buying your first home or your next home in Cuyahoga Falls, Akron, Hudson, Fairlawn, or anywhere in Summit County, understanding seller concessions will help you negotiate smarter and keep more money in your pocket.
📞 READY TO BUY A HOME IN NORTHEAST OHIO?
Contact The Realize Team:
📱 234-200-6477
📧 realizeteamoh@gmail.com
🌐 www.RealizeTeam.com
We're your family in real estate with 25+ years of combined experience. Let us help you negotiate the best deal possible!
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