How Homebuyers Can Get The Best Deal on a Home in 2023
28 Mar 2023 · 1 min
0:43
In this brief market commentary, Austin Klar highlights that seller concessions appeared in nearly 46% of home transactions during the three‑month period ending February 2023—a 31% year‑over‑year increase and the highest rate since the pandemic began. He also notes that 13% of sales closed below the original list price after a price cut that included a concession. Klar interprets these trends as strong negotiation leverage for buyers, emphasizing that sellers often have personal circumstances (divorce, job changes, relocation, family loss) that compel them to sell, creating opportunities for buyers to secure favorable deals. He concludes by inviting viewers to follow him for more home‑buying tips.
