Minneapolis, MN — May 2025 — In an ever-changing real estate market, understanding the finer points of a transaction can make all the difference—especially when it comes to seller concessions. Kal Mansour, seasoned real estate investor and broker/owner of Real Estate Corners, breaks down what seller concessions are and how they can help both buyers and sellers close deals faster and smarter.
“Seller concessions are essentially financial incentives where the seller agrees to cover certain costs on behalf of the buyer—usually related to closing,” says Mansour, who leads one of Minnesota’s top-performing real estate brokerages. “It’s a win-win strategy: buyers get help with upfront expenses, and sellers can make their property more attractive in a competitive market.”
These concessions can cover a variety of expenses, including loan origination fees, inspection costs, title services, and even prepaid items like taxes and insurance. For many buyers—especially first-time homeowners—this can reduce the amount of cash needed at closing by thousands of dollars.
In Minnesota's current housing landscape, where affordability is top of mind and interest rates remain a factor, seller concessions are emerging as a smart negotiation tool.
“Whether it’s a starter home in Minneapolis/St. Paul or an investment property in the suburbs, knowing how and when to leverage concessions can be a game-changer,” Mansour adds. “At Real Estate Corners, we coach our clients on how to use every available tool to their advantage—and concessions are one of the most effective.”
It’s important to note that there are limits based on loan types, and the exact terms must meet lender guidelines. That’s why working with an experienced brokerage like Real Estate Corners ensures buyers and sellers stay compliant while maximizing their financial benefits.
About Real Estate Corners
Founded and led by Kal Mansour, Real Estate Corners is a Minnesota-based real estate brokerage ranked among the top 10% in the state. With over 20 years of experience in residential, commercial, and investment real estate, the firm is known for its client-first approach and deep market insight. Whether buying, selling, or investing, Real Estate Corners delivers results-driven solutions across the Twin Cities and beyond.
Media Contact:
Kal Mansour
Broker/Owner, Real Estate Corners
Phone: (612) 483-1230
Email: [email protected]
Website: https://www.realestatecorners.com