Finance
In South Carolina, 'seller concessions' at closing refer to:
APrice reductions negotiated before contract
BAmounts the seller agrees to pay toward the buyer's closing costs✓ Correct
CRepairs the seller makes before closing
DProperty included in the sale at no extra cost
Explanation
Seller concessions are amounts the seller agrees to contribute toward the buyer's closing costs. They can help buyers with limited cash but lenders often limit the percentage of concessions allowed, and they may affect the appraised value if adjusted for.
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