What could be a result of a seller's concession for a buyer?

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A seller's concession refers to a situation where the seller agrees to pay certain closing costs on behalf of the buyer. This can be beneficial to the buyer as it directly impacts the financial burden associated with the purchase of a home. By having the seller cover specific closing costs, the buyer can effectively lower their immediate out-of-pocket expenses when closing on the property.

Lowering closing costs can make the home more affordable, allowing the buyer to allocate their funds toward other aspects of the purchase or their moving expenses. This financial relief is particularly valuable for first-time homebuyers or those with limited cash reserves.

In contrast, the other options present scenarios that do not align with the typical benefits of a seller's concession. For instance, requiring higher down payments, increasing loan interest rates, or reducing property size options do not directly relate to the positive outcome associated with receiving concessions from the seller. Therefore, the context and financial advantages of seller concessions prominently favor the reduction of closing costs for the buyer.

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