Seller concessions are contributions a seller makes to help cover buyer costs, such as closing costs, repairs, or interest rate buydowns.

Concessions are more common when buyers have leverage, especially on homes that have been on the market longer or are priced aggressively.

Asking for concessions can reduce out-of-pocket expenses, but it must be done strategically. In competitive situations, strong concession requests may weaken an offer.

Understanding when concessions make sense depends on neighborhood demand and current market conditions.

The Patton Group helps buyers and sellers determine when concessions are realistic in Houston and Montgomery County markets.

Written by The Patton Group, Houston & Montgomery County real estate specialists.