Concessions occur when a seller agrees to pay the buyer at closing some agreed-upon amount for a specific item, usually instead of making repairs. They’re different than a general contribution towards closing costs, because they’re attributable to specific items.

For seller concessions to be paid at closing, they must be specifically approved by the lender. Simply provide to us a copy of any invoice or estimate detailing the work done or to be done, and we will submit it to the lender for their approval.

Please understand that not every lender allows seller concessions, and many prohibit them outright.