No matter what your involvement is in the real estate world, you need to know what’s going on in your local market. Keep reading to learn more about what’s happening now and what the experts are predicting to happen in the months ahead!
Whether you are buying or selling a house in Oklahoma City, it’s important that you know what’s going on in the current real estate market. Below, we take a look at some of the things going on in the real estate world so you can determine your next step. As always, reach out to us if you have any questions about buying or selling real estate in Oklahoma City or the surrounding areas.
What Is Happening Today
With an uncertain economy, both buyers and sellers have apprehension about the current state of affairs. While this may seem challenging, it can actually be beneficial, as you will have less competition when buying and selling. Fewer homes on the market naturally leads to more interest in yours. And with fewer people shopping, it can be easier to earn cash from selling your houses in Oklahoma without any contention from other buyers. Both buyers and sellers are finding great opportunities, despite the virus and unstable economy. In other words, it could be a great time to cash in. With fewer people in the market, both buyers and sellers can win if they play their cards right.
Interest rates are hitting all-time lows, however, lenders are tightening up on who is eligible for a loan. Current economic conditions pose a threat to lenders if their borrowers aren’t able to repay their loans. While the interest rates may motivate more people to want to buy, it doesn’t mean they will be able to get the financing to do so.
Predictions for The Future
Nobody can say exactly what will happen with the real estate market in Oklahoma City, but many experts are predicting a recession. This can actually have benefits if you position yourself correctly, educating yourself about the real estate market in Oklahoma. For example, you may be able to buy low and sell higher at a later date. And if you want to earn cash from selling your house right now in Oklahoma City, now may be the best time to get the ball rolling before the downcycle really begins. At McKinnon Home Buyers, we will buy your property outright in only a matter of days, saving you from the impending market fluctuations that will likely affect the value of your home. There are never any costs, fees, or surprises. Just a simple and straightforward transaction that can help homeowners sell or earn cash from their houses fast in Oklahoma City.
What You Can Do As A Home Seller
If you are ready to sell your home in Oklahoma City, you’ll want to look at all of the selling options available to you. To determine what will work best, ask yourself some questions such as…
- How long are houses staying on the market in your neighborhood?
- Are home sellers in Oklahoma City getting their asking price or are they having to lower their prices to get a sale?
- What will it cost to successfully list your home on the Oklahoma City MLS after you have made repairs and fixed up the property?
- Have you factored in the agent commissions and closing costs sellers face when selling in the traditional manner?
- Do you have the time and cash to wait or would you be better off selling your house right away?
If you are trying to sell your house in Oklahoma City sooner rather than later, hiring an agent and selling in the traditional manner may not be the right choice for you. For people who want to sell without any costs or waiting, working with a direct buyer will likely prove to be the best selling option and will earn cash faster than you think. Run the numbers for your property and ask yourself the questions listed above.
What You Can Do If You Are Ready To Buy
While some sellers are reluctant to put their house on the market given the current state of the market, there are still incredible deals to be found. At McKinnon Home Buyers, we can help you find the perfect property whether you are looking to invest or find a home of your own. Our ability to help sellers close quickly and without any additional fees allows up to acquire properties at lower prices than other buyers. We, in turn, pass these deals on to those who are ready to buy.
We work with buyers and sellers, eliminating the costs or marketing, commissions, and other miscellaneous fees that drive up prices. By eliminating the middleman and buying and selling directly, everyone involved in the transaction comes out a winner! Do you want to learn more about the current real estate market in Oklahoma City? Reach out to us today to get the information you need! Call today! 405-300-5817