MINNESOTA HOMEBUYER PLANNING GUIDE
Before You Ask for a Price Reduction, See What a Seller Credit Could Do Instead
A lower price is not always the most effective way to reduce the cost of buying a home.
Depending on your financing, seller concessions may help you:
Reduce the cash you need at closing
Lower your interest rate and monthly payment
Fund a temporary payment reduction
Cover eligible closing costs and prepaid expenses
Preserve more of your savings after the purchase
Using Seller Concessions to Lower the Cost of Buying a Home explains how these strategies work, when each one may make sense, and which questions to ask before writing an offer.
Inside the guide, you will learn how to:
Compare a seller credit with a price reduction
Evaluate permanent and temporary rate buydowns
Understand conventional, FHA, VA, and USDA limits
Avoid requesting more credit than you can actually use
Coordinate the concession with your lender and purchase offer
Use a practical worksheet to evaluate your options
The guide includes Minnesota-specific considerations and straightforward examples designed to help you make a more informed financing decision.
You will receive immediate access to the report after submitting the form. There is no obligation.
Prepared by Matt Tabrizi, REALTOR® | eXp Realty
Helping Minnesota buyers make more informed real estate decisions with over 25 years of residential real estate experience.
Disclaimer: Matt Tabrizi is not a licensed mortgage broker or financial advisor. All information provided is strictly for educational and informational purposes only. Mortgage products, rates, and guidelines change frequently and vary based on your individual situation. Please consult a qualified mortgage professional or financial advisor regarding your specific financing needs.
