Scott P. Rogers
Funkhouser Real Estate Group
540-578-0102  •  email
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Monday, June 25, 2018
Seller Concessions

Almost half of sellers (43.3%) pay some portion of a buyer's closing costs in the form of a credit at closing.  Over the past five years, the number of sellers providing a "concession" of this sort to buyers have stayed between 40% and 50%.

Seller Concessions

Of interest -- sellers have paid more and more of a buyer's closing costs over the past five years, but that has edged back down during 2018.  Why would sellers be paying more of a buyer's closing costs?  It's hard to say exactly -- buyers might be asking for more money, sellers might be agreeing to provide a larger credit, or perhaps the total amount of closing costs that a buyer has to pay is increasing as well?

Seller Concessions

If, as a seller, you are paying part of a buyer's closing costs, you are most likely to be paying between $4K and $6K --- or between $2K and $4K.

And again, as a seller, if you pay part of the buyer's closing costs -- you are not alone -- 43% or so of sellers do so!