Sramsdell, Home Owner in Fort Myers, FL

whas does " no concessions" mean?

Asked by Sramsdell, Fort Myers, FL Sat Feb 5, 2011

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Marc Comisar, Agent, Bonita Springs, FL
Sat Feb 5, 2011
Already answered......but it means no money will be given to the buyer towards closing costs or other pre-paid items.
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Mark Washburn, Agent, Cape Coral, FL
Sat Feb 5, 2011
Looks like I am late to this one, lots of good answers below.....especially the hot dog stand response!!

Good luck out there in the market!
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Sarah Garrett, Agent, Fort Myers, FL
Sat Feb 5, 2011
Hi there,
Generally it means that they do not want any deviations from the actual contract inclusions. Do not add things that are not included and do not take away things that are included. In some cases it also means they do not want to have the contract contingent on financing, seller will not pay any of the buyer's normal costs or expenses either. Hope that helps you. I am happy to help you as your buyer's agent if you like. The seller pays the commissions and I can also offer you a MLS site that gives you up to date information on properties available on the Florida Gulf Coast (see link below). Best of luck.

Sarah Garrett, Realtor
"Chosen Best in Client Satisfaction 2006-2010" by Gulf Shore Life Magazine
CELL: 239-464-8620
0 votes
Bill Eckler, Agent, Venice, FL
Sat Feb 5, 2011

No concessions.....the hotdog stand is closed!

Seriously, the property is being sold without repairs or improvements...."AS IS"
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Christopher…, Agent, Tarrytown, NY
Sat Feb 5, 2011
Hi, This typically means the property is sold "as is" and the bank or seller isnt going to concede to any repairs, financial requests, etc.

Christopher Pagli
Licensed Associate Broker
Accredited Buyer Representative
GREEN Designated Agent
William Raveis Legends Realty Group
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Terry McCarl…, Agent, Cape Coral, FL
Sat Feb 5, 2011
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, REALTOR®, CDPE
Jones & Co Realty
cell: 239-707-4575
0 votes
Phil Rotondo, Agent, Melbourne, FL
Sat Feb 5, 2011
Like mentioned it usually means the seller is not paying any of the buyers costs. But, like everything, it's negotiable. If you were to make a fantastic offer I'm sure the owner will consider concessions. So give it a try....
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Antonio Vega…, Agent, Saint Cloud, FL
Sat Feb 5, 2011
Means don't ask seller for any financial assistance with the purchase (no money towards escrows, pre-paids or closing cost). There are some seller fees that are customary in Florida to be paid by the seller, ex. buyer's title policy. Talk to your agent and verify you are at least getting those. Also you may be able to get them to pay for a home warranty.

Tony Vega
Charles Rutenberg Realty
0 votes
Ray And Karen…, Agent, Mount Dora, FL
Sat Feb 5, 2011
Seller won't help with closing costs or other fees.
0 votes
Vicki DAmore, Agent, Fort Myers, FL
Sat Feb 5, 2011
Usually indicates seller is not offering to pay any of buyers costs in the transaction -typically closing costs.
Bob Ekdahl Broker
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