What is a seller concession?
A seller concession is when the seller agrees to put money toward your closing costs at closing. It's negotiated in the offer and capped by your loan type, and it's a common way to reduce the cash a buyer needs.
A seller concession is money the seller agrees to credit toward your closing costs as part of the deal. It doesn't lower the price on paper, but it lowers the cash you have to bring to the table.
Each loan program limits how much a seller can contribute, and concessions are easiest to negotiate when a home has been on the market a while or in a buyer-friendly market. It's one of my favorite tools for helping buyers stretch their cash — and knowing when and how to ask is where having an experienced agent really pays off.
This answer is general education, not legal, tax, or financial advice. Your situation is unique — let's talk through the specifics together.