Discovering the best deal on a home in today’s real estate market begins with focusing on listings that have remained on the market for an extended period, as these often present significant opportunities for negotiation. With approximately one in five homes nationwide experiencing price reductions, buyers in every region have meaningful chances to secure better value by targeting properties with longer market times. Such homes often belong to motivated sellers who may be more receptive to concessions, including closing cost credits, repair allowances, and home warranties advantages that can translate into substantial savings on the purchase of a home. Historical data consistently shows that the longer a property sits, the more likely it is to sell below its original asking price, offering savvy buyers additional leverage. Even modest discounts can produce considerable financial benefits, particularly on median-priced homes. For those seeking the most advantageous home-buying opportunities, partnering with a knowledgeable local real estate agent is essential for identifying these undervalued listings and navigating successful negotiations.
