What are “Concessions” in real estate?

What are concessions in real estate?

Concessions are expenses paid by the sellers that are typically paid by the buyer. Concessions reduce the amount needed to purchase without lowering the price. Part of my job is helping you get the best deal possible, so I always try to work in concessions when I'm helping you purchase. Sometimes this is requested upfront in our offer, and other times it can be negotiated from inspection concerns.