Mortgage financing in Canada

what is a seller concession

What Is A Seller Concession: Guide For Canadian Buyers

Navigating real estate transactions often involves unexpected expenses, but seller concessions offer a practical solution. These arrangements allow buyers to reduce upfront costs by having the seller cover portions of closing fees, taxes, or even mortgage discount points. For example, a 3% concession on a $300,000 property could save buyers $9,000 at closing—a significant boost for budgeting. In...

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