10/14/2026
Seller concessions are becoming more common in today’s real estate market, giving buyers another way to save money when purchasing a home. 🏡 Knowing what to ask for and how to negotiate it can make a difference at closing.
In Lancaster, Palmdale, and surrounding areas, more sellers are offering concessions to make their homes more appealing to buyers. These can include help with closing costs, repair credits for items like termite work, or contributions toward lowering a buyer’s mortgage rate. 🔑 Depending on the terms of the deal, these credits can help buyers manage upfront expenses without necessarily reducing the sale price.
There are rules to keep in mind, too. Seller concessions must meet lending guidelines and can generally be applied to eligible closing costs, prepaid expenses, and approved rate buydowns, but not toward a buyer’s down payment.
Every sale is different, and knowing what’s negotiable can make a difference for both buyers and sellers.
Knowing what seller concessions can cover may help make the buying process a little easier. 😊