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What Are Seller Concessions? Here’s Why They’re a ‘Win-Win for Both Sides’

Realtor.com

One type of incentive that buyers—and sellers—can use is called seller concessions. Seller concessions occur when a seller agrees to cover the cost of things the buyer usually pays for, such as closing costs , title searches, property appraisals, and other fees. How do seller concessions work?

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Closing Costs for Sellers: A Breakdown of How Much You’ll Pay

Redfin

Closing costs arent just a buyers responsibility – sellers have their own expenses to consider as well. On average, sellers can expect to pay between 6% to 10% of the sale price in closing costs , including agent commissions, transfer taxes, and title fees. These expenses add up quickly and vary widely by location.

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What Is the Average Cost to Sell a House in California?

HomeLight

While the market in California is still hot for sellers, there has been a decrease in the number of homes sold. You can probably expect to run into these common expenses for home sellers in California: Prepping your house for sale. Seller concessions. Housing trends in California. It is an important data point for buyers.

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Selling FSBO? Tally Your Closing Costs Without a Realtor

HomeLight

Other than that, you’re on the hook for the same closing costs as any other seller. Additional closing costs may include any seller concessions, attorney fees, and the buyer’s agent’s commission. Additional closing costs may include any seller concessions, attorney fees, and the buyer’s agent’s commission.

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What Is the Cost to Sell a House in Seattle?

HomeLight

If you sell your home for $885,100 — the median home value in Seattle — your seller costs might be around $108,084, based on the averages for each of the common expenses we’ll review below. If you’re like most people in Seattle, your house is the single most expensive asset you own. When you decide to sell, it’s a big deal.

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How Much Should I Budget to Sell My House? Here’s the Average Cost

HomeLight

Sample seller expenses for a $453,300 house. Cost to seller. Seller concessions. Discover what sellers in your area typically pay by looking up your city using HomeLight’s agent commission calculator. Sellers in San Francisco, for example, pay 5.04% on average. Seller concession.

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What Are Closing Costs?

HomeLight

However, many sellers are still offering to cover this cost as a way to attract buyers. Title insurance for the buyer: A policy that protects the buyer against claims on the propertys title. The buyer is usually responsible for paying these extra fees, but the seller may contribute. Get Started What are closing costs?