Seller concessions in real estate refer to costs the seller agrees to cover to help complete a home sale. Many buyers ask what are seller credits, and these usually include seller paid closing costs such as title fees, loan charges, or inspection expenses. A seller contribution to mortgage costs can also help buyers reduce their upfront cash needs.
These closing cost concessions are usually discussed during offer talks and finalized through concession negotiation tips from an agent or attorney. While sellers may offer seller incentives to buyers verbally, those promises are not binding unless written into the contract. If concessions are missing from the agreement, buyers may lose the benefit later.
To avoid confusion, buyers should confirm that all concessions are clearly listed in the purchase contract. A buyer consultation with a real estate agent or legal advisor helps ensure every agreed term is properly documented. Clear contracts protect both sides and help prevent disputes near closing.
In short, seller concessions can be valuable, but they must be written into the contract to be enforceable and effective.