As the others have said, it means the seller will not contribute towards your closing cost. For example: say you wanted to purchase a home for $100,000 and you had your down payment but needed an extra $3,000 to cover your closing costs and prepaid expenses the seller is saying he/she won't pay that. You can often get around that by offering above asking price such as $103,000 with the seller contributing $3,000 towards your closing costs. Everything is negotiable so you just need to work with an agent that can properly structure your offer.
Terry McCarley, REALTORÂ®, CDPE
Jones & Co Realty