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About Buyers Concession |
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Dear Edith, Can you explain what Buyer's Concession means? My son is buying his first home from someone without using an agent. A mortgage broker said something about a buyer's concession. We approached the man about selling his house without a broker but the buyer's concession is something on top of that. |
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The term "concessions" often refers to an agreement that the seller will pay some of the buyer's closing costs. |
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Edith
Originally published on May 22, 2005 |
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