08/27/2026
🏡 Terms That Matter Thursday: Seller Credit / Closing Cost Credit
Did you know negotiating a lower purchase price isn't always the only way to save money when buying a home?
A seller credit is when the seller agrees to contribute toward certain allowable buyer closing costs. Instead of receiving cash, the credit is applied at closing—potentially reducing the amount of money the buyer needs to bring to the table.
For buyers, this can mean:
✅ Less cash needed at closing
✅ More money left in your savings
✅ Potential help with eligible closing costs or a mortgage-rate buydown
For sellers, offering a credit can be a powerful negotiating tool that may help attract buyers and get a deal together without simply reducing the price.
Seller credits are subject to loan and lender requirements, so the amount and how it can be used will vary.
📲 Whether you're buying or selling, the terms you negotiate can be just as important as the price. Before you make or accept an offer, call me. Let's put together a strategy that protects your money and helps you get the strongest possible terms.
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📲 773.255.8643
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Rose Alvarez | Real Estate Broker | Compass Chicago