We are right at the cusp of the spring market where buyers are going to begin flooding open houses and new listings. Interest rates continue to drop which is further putting pressure on the extra low inventory we have here in the Oklahoma City metro. So how do you find the best deal before time runs out?

Days on Market

In general, as a home sits on the market for a longer period of time there is more leverage for the buyer in any negotiation for the sale. You will want to keep in mind that there are many strategies real estate professionals use to try to hide or “reset” the says on market so make sure your agent is checking to see if the number displayed is accurate. This is also a great time to mention to sellers that this is one of the critical reasons for pricing your home correctly from the initial listing.

Identifying Target AreasAs you can see in the map above, there are certain areas and neighborhoods that are more prone to a price reduction at any given time. This can be due to a number of factors including a lot of new construction or any external factors like construction or changes in zoning. Make sure your Realtor® is advising on any of these specific opportunities that may exist in your area as you look.

What Does It Mean For You?

There are a ton of reasons to use a Realtor® when conducting a home search. One of the big ones is to ensure you don’t miss out on potential opportunities in your market that you may not see without the assistance of a professional. There is not much time left before the deals start to disappear in this market for the near future, so find you a Realtor® and get started now!