Do I Need to Offer Buyer Concessions When Selling a Home on Long Island?

Buyer concessions come up often once offers start coming in. You may wonder whether offering credits or covering certain costs is expected — or whether it weakens your position. On Long Island, concessions are situational, and understanding when they help (and when they don’t) keeps negotiations working in your favor.

What Are Buyer Concessions?

Buyer concessions are credits or payments a seller agrees to provide to help the buyer close the deal.

Common concessions include:

• Closing cost credits

• Repair credits after inspection

• Rate buydown contributions

• HOA or condo fee adjustments

They’re negotiated as part of the offer or during contract negotiations.

Eric Berman REALTOR® helps sellers evaluate concessions in context — not in isolation.

When Buyer Concessions Make Sense on Long Island

Concessions can be strategic when:

• The buyer is well-qualified but needs flexibility

• The appraisal supports the price, but cash is tight

• Inspection items are reasonable but not worth fixing

• Market conditions favor buyers in your price range

In these cases, concessions can preserve price while keeping the deal intact.

When Concessions May Not Be Necessary

You may not need to offer concessions if:

• Demand is strong and inventory is limited

• Multiple offers are competing

• The home is priced correctly and shows well

• The buyer’s request is excessive or unsupported

Eric helps sellers distinguish between strategic requests and unnecessary giveaways.

Concessions vs. Price Reductions

Credits and price cuts are not the same.

A concession:

• Helps the buyer’s cash flow

• Preserves the headline sale price

A price reduction:

• Lowers the appraised value target

• Impacts future comps

Eric often uses concessions as a negotiation tool to protect long-term value.

How Concessions Affect Appraisals and Financing

Lenders review concessions closely.

Important considerations include:

• Loan program limits on concessions

• How credits are reflected on the closing statement

• Whether the appraisal supports the net price

Eric coordinates with attorneys and lenders to ensure concessions are structured correctly.

Final Thoughts

Buyer concessions aren’t a sign of weakness — they’re a negotiation tool. Used thoughtfully, they can keep deals moving while protecting your goals. The key is knowing when they add value and when to say no.

Eric Berman REALTOR® helps Long Island sellers navigate concessions with clarity and confidence.

FAQs

Are buyer concessions common when selling on Long Island?

They depend on market conditions and price point. Get local insight 👉 https://www.theericbermanteam.com/contact-us

Do concessions reduce my sale price?

Not always — credits can preserve price. Review options 👉 https://www.theericbermanteam.com/contact-us

Can concessions cause appraisal issues?

They can if structured poorly. Eric helps avoid problems 👉 https://www.theericbermanteam.com/contact-us

Should I offer concessions upfront or wait?

Timing matters. Discuss strategy 👉 https://www.theericbermanteam.com/contact-us

Are concessions better than making repairs?

Sometimes. It depends on cost and buyer preference. Talk it through 👉 https://www.theericbermanteam.com/contact-us

Eric Berman, REALTOR®
Compass Greater NY
917-225-8596
eric@ericbermanre.com
www.theericbermanteam.com