Closing credits are almost always preferable to price reductions. They satisfy the buyer's economic need while preserving your recorded contract price - critical for co-ops with board price floors and for protecting building comps. Never agree to an arbitrary credit amount; demand formal contractor quotes proving the exact repair cost so the concession is mathematically justified, not opportunistic.
From the seller playbook: Avoiding Post-Contract Renegotiation
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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