How To Find the Best Deals in Today’s Housing Market

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If you’re wondering how to score the best deals in today’s housing market, here’s the insider secret:Look at homes that have been sitting on the market the longest.

When a listing lingers, most sellers start to get realistic, and more open to negotiation. That’s exactly where smart buyers are finding opportunities other shoppers overlook.

How Buyers Are Finding the Best Deals in Today’s Housing Market

According to Realtor.com, about 1 in 5 homes (20.2%) have had at least one price reduction this year. That trend is happening almost everywhere, which means:

➡️ No matter where you live, there’s a chance to save, if you know where to look.

Your agent can identify which listings have been on the market the longest. These properties often come with motivated sellers who are tired of waiting and more willing to negotiate.

Less Competition = More Negotiating Power

When fewer buyers are interested in a home, you gain leverage. As Realtor.com explains:

“Less competition means fewer bidding wars and more power to negotiate the extras that add up: closing cost credits, home warranties, even repair concessions.”

Those “extras” can easily trim thousands of dollars off your total cost.

Bankrate also highlights that fall and winter bring even more room to negotiate since buyer activity slows down:

“During the quieter fall and winter months… home sellers may be more willing to lower their prices, or offer concessions, to attract prospective buyers who are still looking.”

Translation?If you’re shopping right now, you’re in a stronger position than you may think.

Even Small Discounts Make a Big Difference

Paying just 94% of the original list price might not sound huge at first, but on a median-priced home, that can mean saving around $24,000.

And as Zillow puts it:

“If you’re a buyer hoping to strike a deal, look for homes that have been on the market for a while… You may find a motivated seller who is more willing to negotiate.”

Bottom Line: Look Where Other Buyers Aren’t

If your goal is to find one of the best deals in today’s housing market, the smartest place to start is with homes that have been sitting for a bit.

With price cuts rising and sellers becoming more flexible, these properties could offer your biggest opportunity to save, and potentially lock in a great home before competition heats up again

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Ready To Find the Best Deals in Our Local Market?

If you want help identifying motivated sellers, price-reduced homes, or properties that have been sitting longer than average, I can guide you through the best opportunities available right now.

Let’s talk, your next great deal might already be on the market.

📩 Contact me at TessMarquez.com | (626) 712-5156 or call/text anytime!

By Tess Marquez, Realtor & Probate Specialist | TessMarquez.com