It has certainly become more common than it has been in the past. I would caution you that there are two sellers in the market right now. The seller that prices the home with room to negotiate and the seller that prices or under prices the home to sell. You should have your buyer's agent identify the audience that you are dealing with because you easily lose a deal asking for concessions. Best
It really depends on many factors, 1st and most important is the home priced fairly and is there demand for it? 2 are there multi offers? 3 Are any or none of them asking for concessions like closing costs? 4 Would they sell for less without concessions? 5 Can you buy a home without concessions?
So as you can see it is not a simple yes or no answer.
In my market you have a better chance of winning the lottery.
I just ran a report for Methuen MA and 25% of the closed deals in the past 6 months had seller paid closing costs.
Thank you for the question! There are two angles of looking at the seller's concession: it is common to request the seller(s) to assist the buyer(s) with the closing cost, and the seller's concession will help the buyer(s) on saving additional fund to use towards repair works of their property after passing papers. It will also help the buyer(s) to save some money in the short term. That being said, the buyer(s) will have to borrow additional amount in addition to their principal balance of the loan, and the long term payments plus interest rate would cost more to the buyer(s), especially the term of the loan is fixed for 15 or 30 years. However, with the current interest rates are at historically low, there might not be a big of the effect in the long run.
Hope that helps,