02/21/2026
đ Real Estate Term of the Week!
Some words in real estate can feel like a foreign language. Iâm here to make them simple and show you why they actually matter when buying or selling a home.
In real estate, concessions are a way for sellers to help buyers cover certain expenses related to purchasing a home. This might include contributing toward closing costs, paying for specific repairs, or offering credits at closing. Concessions are negotiated as part of the offer and can vary from deal to deal.
For buyers, concessions can make a big difference by reducing out-of-pocket expenses at closing. For sellers, offering concessions can help attract more buyers and keep a deal moving forward.
If you have any questions, contact me at (816) 868-9698.