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Homebuyers are sometimes caught off guard by how much money they need to bring to closing. In addition to the down payment, you’ll need to pay a long list of closing costs — including an origination fee, title insurance, and more — before you can receive those house keys.

Seller concessions, also referred to as seller assist, make these expenses less burdensome for you.

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Here’s what you need to know about seller concessions:

 

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