What are seller concessions? It’s money a seller agrees to put toward the buyer’s costs, like closing costs or buying down their interest rate. You may also hear it called a seller credit.

Why offer them? When buyers are stretched, a credit can help them afford your home without you lowering the price as much.

They’re negotiable. You can offer them up front, or wait to see what a buyer asks for.

Watch your bottom line. A credit and a price reduction can cost you about the same, but one may bring in more buyers.

Ask your REALTOR® which makes more sense in today’s market.

See also: How Much Does It Cost to Sell a House in Tacoma, Washington?