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2% concessions Considering selling or buying a property, but unsure about its condition? Read this. (1 minute) So I toured a property recently that was advertising a closing cost concession of 2% of purchase price towards buyer’s closing costs. 🤑 What does that mean? Basically, they’re letting us know up front they’re willing to negotiate. Their reasoning? They are likely pragmatic and understand that the home could use some updates or has some deferred maintenance, and they’d like their proper

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