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5 Places Where Most Home Sellers Are Giving Concessions to Buyers

By Chris Kissell of Money Talks News | Slide 1 of 6: A large number of home sellers are offering concessions in hopes of successfully wooing homebuyers, according to a new Redfin analysis. Redfin says 42.9% of home sales in the three months that ended in April involved concessions, meaning the sellers offered the buyers perks like money for repairs, closing costs or mortgage-rate buy-downs. The percentage of sellers offering such gifts was just shy of the record high of 45.6% in February. In some metro areas, the concessions rate was especially high. Following are the markets that had an especially high percentage of sales involving concessions in the three months ending in April. It’s not the usual blah, blah, blah. Click here to sign up for our free newsletter. Sponsored: Add $1.7 million to your retirement A recent Vanguard study revealed a self-managed $500,000 investment grows into an average $1.7 million in 25 years. But under the care of a pro, the average is $3.4 million. That’s an extra $1.7 million! Maybe that’s why the wealthy use investment pros and why you should too. How? With SmartAsset’s free financial adviser matching tool. In five minutes you’ll have up to three qualified local pros, each legally required to act in your best interests. Most offer free first consultations. What have you got to lose? Click here to check it out right now. Advertising Disclosure: When you buy something by clicking links on our site, we may earn a small commission, but it never affects the products or services we recommend.

5 Places Where Most Home Sellers Are Giving Concessions to Buyers

A large number of home sellers are offering concessions in hopes of successfully wooing homebuyers, according to a new Redfin analysis.

Redfin says 42.9% of home sales in the three months that ended in April involved concessions, meaning the sellers offered the buyers perks like money for repairs, closing costs or mortgage-rate buy-downs.

The percentage of sellers offering such gifts was just shy of the record high of 45.6% in February.

In some metro areas, the concessions rate was especially high. Following are the markets that had an especially high percentage of sales involving concessions in the three months ending in April.

It’s not the usual blah, blah, blah. Click here to sign up for our free newsletter.

Sponsored: Add $1.7 million to your retirement

A recent Vanguard study revealed a self-managed $500,000 investment grows into an average $1.7 million in 25 years. But under the care of a pro, the average is $3.4 million. That’s an extra $1.7 million!

Maybe that’s why the wealthy use investment pros and why you should too. How? With SmartAsset’s free financial adviser matching tool. In five minutes you’ll have up to three qualified local pros, each legally required to act in your best interests. Most offer free first consultations. What have you got to lose? Click here to check it out right now.

Advertising Disclosure: When you buy something by clicking links on our site, we may earn a small commission, but it never affects the products or services we recommend.

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