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

  • Now that there are more homes for sale, buyers have more options. And sellers need to be more flexible to close the deal.
  • That's why almost half of homeowners are making some type of concession. This can include covering closing costs, paying for repairs, or dropping the price.
  • Not sure which concessions to offer? Connect with a local agent so you know what’s working for sellers in your market.

    In today’s Will County market, flexibility is key. Nearly half of sellers are offering concessions — whether that’s covering closing costs, handling repairs, or adjusting the price — to attract buyers and keep deals moving forward. If you’re planning to sell in Joliet or Plainfield, let’s connect about which concessions make the most sense in your neighborhood and how to protect your bottom line.

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