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Seller Savvy
The right concessions can move the needle—don’t let sellers miss the memo
Splits and Caps Daily: Action for Agents
September 27, 2024
📈 Market Move:
Close With Concessions
You’ve been using seller concessions to sweeten the deal for a while now—and guess what? NAR just dropped a guide explaining the play to sellers. The gist? Concessions can help get better offers faster by making homes more appealing and cutting upfront costs for buyers.
It’s a great tool, but the key is staying sharp. Make sure you're clear with your sellers on how concessions can cover things like agent fees, but keep them distinct from compensation offers. Oh, and remember—there are limits to how much you can offer, depending on state laws and lenders. Keep an eye on how you advertise them in the MLS too—some restrictions could catch you off guard. It’s all about using this strategy smartly without overplaying your hand.
🌟Quote of the Day:
"Don’t limit your challenges, challenge your limits." – Anonymous
📊🤔 Agent Poll
When it comes to seller concessions, what’s your play? |
🎉 Fun Fact of the Day:
Buy a Castle for $1: In Italy, they’re practically giving away castles for €1. The catch? You gotta fix it up. But hey, if you ever wanted to be royalty, now’s your chance—just bring a hammer.
📚 Resource Recommendation:
Need to dial in your social media game? Say hello to Sendible—your all-in-one platform to manage, schedule, and automate your online presence like a pro. Whether you’re trying to build your brand, connect with more clients, or just stay consistent, Sendible has the tools to make it happen. From scheduling posts to tracking engagement, it's like having a personal assistant for your digital marketing. No more juggling multiple platforms or losing time on repetitive tasks. More visibility, less hassle—so you can focus on what really matters: closing deals.
Check out our Agent Bookshelf for previous recommendations and Agent Resources for other ways to improve your business!
"And that’s it for today! Keep your foot on the gas, stay relentless, and remember—success isn’t a sprint, it’s a marathon. Let’s go win the day!"
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