I did this video and was going to post it earlier in August about being a home buyer in August or September as a great time in Oklahoma City not to pay too much. We have had a summer where multiple bids were the norm and prices went up because of low supply. Now with Labor Day coming the market has slowed and homes that could have sold earlier because of getting in by the start of school have lost that advantage. Some Oklahoma City home owners take their homes off the market if it is not important to get a contract, but if a home is still being listed this should look like opportunity for you. If you are the only offer on a home then your chances of getting a fair price goes way up, and maybe even doing better than that. Just make sure your lender has already qualified you, close when the seller needs to close if possible, and make the contract as clean as possible. With the recent sell off in the stock market as it corrects itself, the chances of the Fed raising interest rates looks to be farther out but it still could happen. If you want to buy a home to live in or for investment I would not hesitate so start looking, be conservative, but if the house is right, go for it. To get together with our buyers specialist agents, please contact me at joe@joepryor.com.
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