It's difficult to find a bank that will approve the sellers concession thse days. It looks like the buyer does not have the money to purchase if they are asking for it. Banks are more cautious than ever. The buyer should have a substantial down payment and good credit in order to make sure this deal doesn't fall apart. As far as an appraisal, the value must be there in order for the loan to happen. Banks are hesitant to give loans to properties with a sellers concession. That means the actual value is less than the loan. I would recommend no seller's concession. Good luck. - Tue May 20 2008, 06:55
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