理解房地产市场时，最容易犯的错误之一，就是只看一个数据，然后认为它代表了整个市场。“平均成交价”尤其容易让人产生这种误解最
Don't Leave Money on the Table at Closing!
Dated: August 30 2023
Views: 140
Every six weeks or so, we take a deep dive into a critical metric that is a useful market indicator, but also a tool that can get buyers and sellers more money at closing. This metric is Seller Concessions. Usually these are paid in the form of buyer-paid seller closing costs, but they can be in other forms as well. Let’s take a look around the OKC metro at what concessions have looked like over the past 30 days.
Getting Warmer
Concession percentages have been decreasing over the past 6 weeks with fewer sellers giving benefits to buyers at closing. This is an indication that seller strength in the market is, once again, ramping up while buyers are getting less in incentives.
Concession Amounts
We see amounts ranging from about $3,000 to $6,000 around the metro as buyers continue to get 1-2% of sales price in a lot of scenarios. These amounts haven’t changed much over the past 6 weeks, we are just seeing them a little less frequently.
What it Means for You!
Make sure you know your market before you go to buy or sell. Ask your Realtor® to put together numbers for your specific area and price range. This will help you verify that you aren’t leaving money on the table at closing whether you are a buyer or a seller. We can help get you numbers today!
Destinee Smith
Hi, I’m Destinee Smith, and I help people buy and sell across the OKC metro!I got my start in real estate as the Director of Marketing for my brokerage. So when it comes to getting homes noticed....
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