SELLER ASSIST - EXPLAINED!
What is it?
A financial kick-back from the seller to the buyer at closing.
Why is it needed?
It helps the buyers either to offset closing costs or help save their on-hand cash for repairs or moving expenses.
Can everyone get it?
It depends on the type of loan the buyers have.
Can a buyer request ANY amount?
Nope! Depending on the loan, seller assist usually maxes out at 6% of the purchase price.
This video explains some more!
Seller Assist Video