Seller concessions instead of lower purchase price

[Preston Dean]

If you are a first time investor or home buyer I strongly recommend asking for seller concessions instead of asking for a lower purchase price 

Why? 

When you receive seller concessions you can have the interest rate bought down 3% for conventional & 6% for FHA buyers. 

EXAMPLE DEAL:

List price: $300K

Offer price: $300K

Seller Concessions: $20K

To a seller there is not a difference if you ask for seller concessions or if you ask for a lower purchase price. $20K is still coming out of their bottom line. HOWEVER for a buyer $20K concessions vs $20K lower purchase price is significantly different. With $20K seller concession you could have all of your closing costs paid for + a lower interest rate. 

Those of you who are conventional (with a loan) investors what are your thoughts on this?  

Have you thought of this strategy before or seen success with it?

P.s 

If you are a cash buyer this won't apply to you as much for obvious reasons