Seller concessions are any incentive that a Seller may give to a Buyer to purchase a house.   

For example, the Seller may pay for all or a portion of the Buyer’s closing costs and prepaid items.     If a Buyer offers $200,000 with Seller to pay up to 3% in closing costs and or prepaids that would equal $6,000 in Seller concessions.  A Seller concession must be clearly stated in your purchase contract.