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Nearly Half of Home Sellers Are Now Giving Concessions to Buyers to Close the Sale

The tables have turned in the housing market and buyers have more bargaining power.

American Homebuyers Gain Leverage as Record Share of Sellers Slash House Prices: Redfin

Redfin: Nearly Half Of Home Sellers Are Making Concessions

Redfin: Nearly Half Of Home Sellers Are Making Concessions
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Higher mortgage rates spur record number of concessions

Home sellers are offering to pay for closing costs, mortgage rate buydowns and property repairs in order to attract buyers, Redfin found.

45% Of Homesellers Offered Concessions Coming Into 2023: Redfin | Inman

As the market shifts, so are homesellers' tactics. Nearly half of sellers offered concessions or price cuts during the beginning of the year, a reverse of years of bidding wars.

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