Why Buyers Are Getting More Concessions Right Now

If you’re buying a home in Minnesota this season, you’re in a stronger position than you might think. Many Twin Cities sellers are offering concessions—more than we’ve seen in years.

And for buyers, that can translate into major savings.

What Are Seller Concessions?

Seller concessions are benefits offered by the seller to make the deal more attractive to the buyer. These might include:

• Covering part (or all) of your closing costs
• Paying for a home warranty
• Offering a mortgage rate buydown
• Covering HOA fees or repair credits
  
  

These perks can significantly reduce your upfront costs or ongoing expenses—helping you buy smarter in a competitive market.

Why Are Sellers Offering Concessions Now?

While home prices remain high, the Twin Cities real estate market is shifting. Inventory is rising, and homes that don’t sell immediately are facing more competition. Rather than lowering list prices, many sellers are using concessions to keep their pricing strong while still appealing to buyers.

This is especially common in:

• Homes that have been on the market 3+ weeks
• Price points with more competition
• Homes that need minor updates or repairs
  
  

Real Buyer Wins: What We’re Seeing on the Ground

“We’re seeing buyers walk away with up to 3% in seller-paid closing costs right now,” says one of our experienced agents. “If you’re pre-approved and have a smart agent negotiating on your behalf, now is the time to ask for more.”

This can mean thousands of dollars in savings at closing—or getting into a home that previously felt out of reach.

Act Fast—This Buyer Advantage May Not Last

While these opportunities are real, they’re not guaranteed to stick around. As buyer demand builds and homes move faster in summer, seller flexibility may tighten.

That’s why having a strong pre-approval, a strategy tailored to your goals, and an agent who understands the local market is more important than ever.

Let’s Find You the Right Home—and the Best Deal

If you’re ready to buy a home in the Twin Cities area, we’ll help you negotiate with confidence and maximize your savings.

📞 Call 763-634-0073 or Connect with our expert real estate team today.

Kerby & Cristina Real Estate Experts | RE/MAX Results | Serving Minneapolis, St. Paul & the Greater Twin Cities Metro | 763-634-0073