Esquire Realty Ciaramella & Co.

The word “concession” makes it sound like the seller is giving something up… but that’s completely misleading. 𝗔 𝘀𝗲𝗹𝗹𝗲𝗿’𝘀 𝗰𝗼𝗻𝗰𝗲𝘀𝘀𝗶𝗼𝗻 𝗱𝗼𝗲𝘀𝗻’𝘁 𝗰𝗼𝘀𝘁 𝘁𝗵𝗲 𝘀𝗲𝗹𝗹𝗲𝗿 𝗮𝗻𝘆𝘁𝗵𝗶𝗻𝗴. It simply lets the buyer borrow a little extra in their mortgage so they can cover their own closing costs. 💵✨Your bottom line as the seller stays exactly the same, and 𝘁𝗵𝗲 𝗳𝗶𝗻𝗮𝗹 𝘀𝗲𝘁𝘁𝗹𝗲𝗺𝗲𝗻𝘁 𝗻𝘂𝗺𝗯𝗲𝗿𝘀 𝗮𝗿𝗲 𝗮𝗱𝗷𝘂𝘀𝘁𝗲𝗱 𝘀𝗼 𝘆𝗼𝘂 𝗻𝗲𝘃𝗲𝗿 𝗰𝗼𝗺𝗲 𝗼𝘂𝘁 𝗼𝗳 𝗽𝗼𝗰𝗸𝗲𝘁, not even for the tiny increase in transfer tax that comes with the higher contract price. ✔️A concession still needs to be supported by the appraisal, of course. 𝗛𝗲𝗿𝗲’𝘀 𝘄𝗵𝗲𝗿𝗲 𝗮 𝘀𝗺𝗮𝗿𝘁 𝘀𝗲𝗹𝗹𝗲𝗿’𝘀 𝗮𝘁𝘁𝗼𝗿𝗻𝗲𝘆 𝗽𝗿𝗼𝘁𝗲𝗰𝘁𝘀 𝘆𝗼𝘂: 𝘀𝘁𝗿𝗼𝗻𝗴 𝗰𝗼𝗻𝘁𝗿𝗮𝗰𝘁 𝗹𝗮𝗻𝗴𝘂𝗮𝗴𝗲 𝘄𝗶𝗹𝗹 𝗿𝗲𝗾𝘂𝗶𝗿𝗲 𝘁𝗵𝗲 𝗯𝘂𝘆𝗲𝗿 𝘁𝗼 𝗵𝗮𝘃𝗲 𝗲𝗻𝗼𝘂𝗴𝗵 𝗳𝘂𝗻𝗱𝘀 𝘁𝗼 𝗰𝗹𝗼𝘀𝗲 𝗲𝘃𝗲𝗻 𝗶𝗳 𝘁𝗵𝗲 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗱𝗼𝗲𝘀𝗻’𝘁 𝗮𝗽𝗽𝗿𝗮𝗶𝘀𝗲 𝗵𝗶𝗴𝗵 𝗲𝗻𝗼𝘂𝗴𝗵 𝘁𝗼 𝗿𝗼𝗹𝗹 𝘁𝗵𝗲 𝗰𝗼𝗻𝗰𝗲𝘀𝘀𝗶𝗼𝗻 𝗶𝗻𝘁𝗼 𝘁𝗵𝗲 𝗹𝗼𝗮𝗻. 🛡️📄𝗦𝗲𝗹𝗹𝗲𝗿’𝘀 𝗰𝗼𝗻𝗰𝗲𝘀𝘀𝗶𝗼𝗻𝘀 𝗮𝗹𝘀𝗼 𝗺𝗮𝗸𝗲 𝘆𝗼𝘂𝗿 𝗵𝗼𝗺𝗲 𝗮𝘁𝘁𝗿𝗮𝗰𝘁𝗶𝘃𝗲 to more buyers, especially if the property needs some TLC. Buyers get to keep more cash available for renovations, repairs, and updates, which often leads to a faster offer and a smoother deal overall. 🔧🏠💛