06/02/2026
🏡 One of the most overlooked home-buying strategies I discuss with buyers...
Let's start with a term many people have never heard before:
💡 What are seller concessions?
Seller concessions are funds the seller agrees to contribute toward a buyer's closing costs and other allowable expenses. Instead of reducing the purchase price, the seller helps cover some of the upfront costs associated with buying the home.
Here's an example:
Let's say a home was originally listed at $365,000 but has recently been reduced to $350,000.
Most buyers think:
"I should offer less than $350,000."
But sometimes a better strategy is to offer closer to the original asking price and negotiate seller concessions.
📊 Example:
Current List Price: $350,000
Offer Price: $365,000
Seller Concessions: $15,000
That $15,000 could potentially be used toward:
✅ Closing Costs
✅ Interest Rate Buydowns
✅ Prepaid Taxes & Insurance
(Subject to lender and loan program guidelines.)
The result?
You may bring significantly less money to closing while still purchasing the same home.
One of the biggest myths I hear is:
❌ "I need 20% down."
❌ "I need perfect credit."
❌ "I need tens of thousands of dollars saved."
The reality is that many buyers have more options than they realize.
Financing programs such as USDA, VA, FHA, and conventional loans all have different requirements, and when seller concessions are negotiated properly, they can make a huge difference in your upfront costs.
That's why having a buyer's agent matters. Sometimes the best deal isn't simply the lowest purchase price—it's the strategy that puts you in the strongest financial position.
If you've been sitting on the sidelines because you think you don't have enough money saved to buy a home, let's talk. You may be closer to homeownership than you think!
📞 573.761.3405
📧 [email protected]
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🏡 | Kim Idel, Your Home Girl Team