What is a concession in a #realestate deal?

The Short Term ShopApr 15, 20240m 23s914 viewsScore 75
Getting Started
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Market Research
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Summary

AI-generated

Concessions in real estate refer to what sellers concede in a negotiation, such as reducing the purchase price, paying closing costs, or agreeing to fix issues found during inspection, or providing funds to the buyer to fix them.

Key insights

  • Concessions can involve reducing the purchase price of the property.

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial