concessions frustrations
It seems generally that many view concessions as a net good for many buyers. because why would having more cash after closing not be a good thing?
but as i see it your are effectively financing a small loan for 30 years at a non inconsequential (edit: double negative) a serious rate(currently at least)
is there ever a situation where you would look at someone financing 10k-15k(or more in some scenarios) for 30 years at 6.25% and consider that a wise financial move?
obviously agents like it, keeps prices up and commissions sweet. and neighbor hoods like it be cause it strengthens their own values.
but for sellers it seems to be a wash for the most part.
for buyers, while i understand having some liquidity after a large purchase sounds great, the financing of that cash is not cheap. and arguably predatory. sure people down play $50-$100 less on your monthly, but i think that is more valuable than many give it credit for. particularly in the big picture. on top of that gives the seller leverage to deny other concession request for undisclosed repairs after inspection further hurting buyers power.
sorry for the rant, just some frustrations around what feels like a silly song and dance in the whole process.