What is a seller concession?
A seller concession is an agreed seller credit that may be applied toward eligible buyer closing costs. It reduces the seller's proceeds and can reduce the buyer's cash requirement, subject to the purchase contract and financing rules.
Use this as a planning check
Enter the concession as a percentage of the purchase price, a fixed amount, or both. The calculator compares the credit with the buyer's estimated closing costs and shows the remaining buyer costs and adjusted seller proceeds.