Redfin

MARCH 18, 2025

You received seller concessions or lender credits. If the seller agrees to pay for some of your closing costs or your lender offers credits, the amount you owe at closing might be lower than the earnest money you already paid – leading to a refund. If youre using a VA or USDA loan, you dont have to make a down payment.

Closing 43

Closing Purchase and sale agreement Earnest money deposit Seller concession 43

Realty Biz

APRIL 20, 2022

Let’s look at the most common contingencies in an offer and what they mean to buyers and sellers. Common Contingencies Found in an Offer to Purchase. Home Inspection Contingency. One of the most common terms in an offer is the home inspection contingency clause. Mortgage Financing Clause.

Purchase and sale agreement 104

Purchase and sale agreement Home sale contingency Earnest money deposit Inspection contingency 104

HomeLight

MARCH 31, 2021

While researching the home sales process, you’ve likely come across the term “seller credit.” A seller credit is a type of seller concession where the seller offers the buyer money at closing to sweeten the deal. Kauffman confirms that seller credits are an important building block of the negotiation process.

Closing 105

Closing Seller concession Sales Closing costs 105

HomeLight

APRIL 29, 2021

Seller concessions. Sellers may owe money at closing for financing concessions they agreed to pay for during the negotiation process to help close the sale. Examples of concessions include cash to cover closing costs, repairs, and home warranties. One of the most common seller concessions is repair credits.

Closing costs 85

Closing costs Closing Seller concession Homeowner’s association 85

Windemere Buying

JUNE 22, 2022

You’ve applied for financing , worked with your agent to search for available listings, put in time attending open houses, and have found the place you’re ready to call home. Getting the home inspected allows you to ask the seller that certain repairs be made, request seller concessions, and renegotiate your offer.

Purchase and sale agreement 52

Purchase and sale agreement Inspection contingency Backup offer Seller concession 52

The Close

FEBRUARY 6, 2024

The less your buyers need to finance, the less likely the deal will fall through. They only had to finance a small part of the home loan (less than $100,000) after they offered to pay 80% of the list price in cash. That showed the sellers that my clients were more invested and serious about purchasing the home.

Pre-approval 76

Pre-approval Earnest money deposit Inspection Inspection contingency 76

HomeLight

MARCH 23, 2022

Once you decide to buy a home, looking into your financing options should be one of the first steps. A preapproval isn’t a guarantee that you’ll ultimately be able to get a mortgage — this is why buyers typically include a financing contingency in an offer, so they’re protected in case financing falls through at a later stage.

Pre-approval 105

Pre-approval Marketing Inspection Finance 105