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Updated almost 8 years ago on . Most recent reply

Marci Stein's profile image
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Marci Stein
  • Rental Property Investor
  • from New York, NY
  • Member since Jun 10, 2011
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Marci Stein's profile image
Marci Stein's profile image
Marci Stein
  • Rental Property Investor
  • from New York, NY
  • Member since Jun 10, 2011
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Marci Stein
  • Rental Property Investor
  • New York, NY
501
Votes |
942
Posts
Buying & Selling Real Estate

Help me understand something

Marci Stein
  • Rental Property Investor
  • New York, NY
Posted

so I have a buyer for my house at 58,5000. They want a seller concession but not sure what that changes for me?

Buyers agent sent me a message ( thru my agent) which says"buyers will roll maximum 6 percent into loan for seller concession, adding on the 2,500 to our loan amount while sellers met remains 58,5000. "

Am I missing something? Should I care about how the loan is , as long as I get my amount? Any tax repercussions? Thanks!

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