We see way too many Oklahoma buyers and sellers either miss out on a home purchase or sale and/or leave money on the table at closing. There are two critical tools you can use to make sure you are savvy during the process.

Hot Dogs and Popcorn

No, not those kinds of concessions. When we talk about seller concessions, we are usually referring to seller-paid buyer closing costs. In a normal market here in Oklahoma, we would see about a 2% average in concessions paid. You can see across the metro how different these numbers are right now. Not knowing this number for your area and price range could have you leaving thousands of dollars on the table at closing.

Sale!

Buyers are always asking us, what is the normal amount a seller will come off of the list price. Well there is no real “normal.” Every seller is different, but you should know the averages for your area and price range. Why? Because you know what you are competing with most likely. This will help you make a better offer and not miss out on the home or pay too much. It is also crucial for sellers to know this number so they can properly evaluate offers.

What it means for you!

Buying and selling real estate is a high stakes challenge. When mistakes are made, people are losing thousands of dollars or dream homes. You want to make sure you have a solid game plan when you go into the market. Get a real estate professional that can make sure you are prepared with the knowledge it takes!