Updated over 3 years ago on . Most recent reply
Questions on Seller Concessions
So I've been researching seller concessions, either closing costs, or paid points.
It appears at 10% down, max seller can do is 3% on Fanny Freddy loans.
I am curious if there would be any creative work arounds? Is it the full amount a seller can comp, or is that just the closing costs limit and seller can do other things?
Ie say I want a home backup generator, or central air installed and offer is contingent on that. I would imagine most sellers would just comp the value. Does that eat into the max the seller could do?