When pricing a home to sell, what is considered a seller's credit?

Study for the Alabama Real Estate Post-License Exam. Engage with flashcards and multiple-choice questions, with hints and explanations for each question. Get ready to excel on your exam!

A seller's credit is a concession offered by the seller to cover some of the buyer's costs associated with the purchase of a home, typically at closing. This is seen as an incentive to make the property more appealing to buyers and facilitate the sale. When considering items paid for in advance, this aligns with the concept of a seller's credit because it represents costs that would otherwise be the buyer's responsibility, which the seller agrees to cover, effectively reducing the financial burden on the buyer at the time of closing.

In the context of the other options, while repairs needed after an inspection or future maintenance expenses might impact the overall negotiations during a real estate transaction, they do not directly represent a seller's credit. Similarly, closing costs waived might imply a reduction in fees but does not specifically involve the seller providing direct financial support to the buyer in the form of a credit.

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