What You Need To Know About Concessions
Some Highlights
- Now that there are more homes for sale, buyers have more options. And sellers need to be more flexible to close the deal.
- That's why almost half of homeowners are making some type of concession. This can include covering closing costs, paying for repairs, or dropping the price.
- Not sure which concessions to offer? Connect with a local agent so you know what’s working for sellers in your market.
Mortgage rates have been the monster under the bed for a while. Every time they tick up, people flinch and say, “Maybe I’ll wait.” But here’s the twist. Waiting for that perfect 5-point-something rate could end up haunting your wallet later.
A few years ago, inventory hit a record low. Just about anything sold – and fast. But now, there are far more homes on the market.
