What You Need To Know About Concessions

by Tony Ciancanelli – eXp Realty & KCM Crew

Red house standing out among white houses on blue background – real estate blog header image

Infographic showing seller concessions rising, with nearly half of homeowners covering closing costs, reducing prices, or offering repairs.

Pro tip: Seller concessions are tools, not tradeoffs, including covering closing costs, price reductions, or repairs.

Some Highlights

With more homes on the market, buyers have more options — and that’s why concessions are becoming more common. Here in Will County, Illinois — including Joliet, Plainfield, and surrounding areas — sellers who stay flexible and use the right strategy are still getting their homes sold.

If you’re planning to sell, the key is knowing when (and how) to use concessions to your advantage — without giving away more than you need to.

To make the right decisions for your situation, start with these two steps:

Source: Keeping Current Matters (KCM). Local insights by Tony Ciancanelli, REALTOR® – eXp Realty, Joliet & Will County Illinios.