It’s Not Just the Temperature
By: San Antonio Board of REALTORS®
The housing market in San Antonio and surrounding areas is hotter than ever with both buyers and sellers jumping in and realizing their goals. This area is home to some of the best prime real estate in the state. While prices have continued to rise year after year, the area still remains more affordable than other major metros in the state and around the country.
In the San Antonio-New Braunfels metropolitan statistical area (MSA), the median sold price of a home was $220,685, in June, while the median in the Austin-Round Rock MSA was $314,000. Across Texas, the median price was $235,000. At the same time, the number of homes sold continues to rise throughout the San Antonio-New Braunfels MSA – up 4.6 percent from the same first six months last year.
With prices remaining affordable in many areas and new listings coming on the market every day, buying and selling property can be exciting as you prepare for a new stage of life or simply want a change of scenery. Yet while you might feel prepared for this giant step, there’s a lot of planning and prep work that goes into the process. Some basic tips can be crucial to success.
Getting Prepared for Moving
Whether you are buying or selling, among the first things to think about are the costs associated with moving. For buyers, getting pre-approved for a mortgage will save time because you’ll know exactly what homes are in your budget and will show sellers that you are a serious buyer. Sellers will want to talk to their REALTOR® about which home repairs and improvements may net more money in the sale and should be considered. The key for both buyers and sellers is to stay realistic. Think long-term and know there is no such thing as a perfect sale.
Buyers and sellers should also determine their priorities. For a seller, do you need to sell your home quickly because you are moving out of town or already have a new home and don’t want to pay two mortgages? Buyers will want to consider their timelines, as well. For example, they may want time for the kids to settle in before the new school year begins. Buyers will also want to think through the type of neighborhood, location and amenities that are “must haves” in a new home and would be deal breakers if the home or community doesn’t have them. Be sure to share your priorities with your REALTOR® so he or she can help you stay on track.
Selling in South Texas
When selling, curb appeal is vital because it is the first impression potential buyers get of your home. Spruce up the landscaping and even consider painting the front door and decluttering the porch. In South Texas, yards can fall victim to dead grass as the summer heats up. So pay attention to this detail; you may want to consider hiring a landscaper to help keep your grass looking green.
Inside, think about properly cleaning the air conditioner vents and ensuring the unit is running properly. In the hot Texas summer season, the last thing you want is for potential buyers to be uncomfortable in your house or even skip it because it is too hot inside.
To show off your house to its best advantage, you’ll want to pare down clutter and pack up your least-used items, such as large blenders and kitchen tools, out-of-season clothes, toys and seasonal items.
Getting Expert Advice
Home buying and selling can be overwhelming at times. An expert REALTOR® can guide you through the process and answer questions about the necessary legal forms, insurance and mortgage, and can provide buyers with local community information on utilities, zoning, schools, and more. REALTORS® are your best resource for finding the right home for you and helping you stick to your priorities, budget and timeline. Search for property and a REALTOR® at sabor.com.