Why should I agree to pay closing costs, escrows (sellers concessions) for a prospective buyer of my home?
By agreeing to pay for prospective buyers closing costs, the seller makes their home available to more buyers. Many buyers do not have the cash necessary to purchase a home under conventional standards ie: down payment and all closing costs and escrows. It is legal to have the sellers pay concessions to facilitate mortgage financing. It is the net amount after concessions that should concern the seller.
