When it comes to navigating San Antonio’s real estate market this summer, preparation is truly the key to success.
After a stellar year for real estate in 2017, all signs point to another hot housing market.
The year-to-date numbers show an increase in almost every statistic, including median sold price and closed sales, according to the San Antonio Board of Realtors (SABOR). The one statistic that hasn’t gone up, however, is inventory.
These numbers have experts predicting another strong year for real estate with buyers competing to make the right offer on a home. This will be especially true during the busy summer season.
The thought of buying and selling a home in this kind of market can seem daunting, but can be an incredibly smooth experience when you properly prepare.
If you’re planning on selling your home this summer to take advantage of the moving season, use your spring cleaning mindset to make your home buyer-friendly. Starting now will help ensure that your house can hit the market as soon as you’re ready, allowing you to focus on the sale of your home and finding and purchasing your new home, rather than making updates to your house.
This stage of preparation is incredibly important, and can take up more time than you may realize.
Here are a few ways you can start preparing your home now:
Amp up your home’s curb appeal. Not only do you want the façade of your house looking good behind the “for sale” sign in your yard, an exterior photo will most likely be the first image anybody sees when looking online. Make sure your landscaping and your home’s exterior both look polished.Declutter and depersonalize. A potential buyer should be able to envision themselves living in your home, and you can accomplish that by showing the big picture, but leaving the details up to their imagination. Minimize the amount of photos and unnecessary items, such as décor and small appliances, that are visible. You should also organize your closets and storage areas as much as possible. Take care of repairs. Fix anything that you’re able to do on your own. Small repairs like patching and painting walls, fixing a leaky faucet, and replacing light bulbs make a big difference and can attract better offers.
Planning to buy a house this summer? You, too, can prepare this spring.
San Antonio has a high housing demand and low inventory, so it’s important to move fast and make an offer as soon as possible once you find a home that you love. The competition against other buyers will most likely be fierce this summer, so getting your finances in order early is in your best interest.
Start by consulting with your mortgage loan officer. With their assistance, you can begin to position yourself in the best way possible.
At this stage, your loan officer can assist you with:
Planning for the funds you’ll need to cover all of the costs associated with buying and selling (especially if you’re trying to do both!)Calculating your homebuying budget so you can avoid looking at homes that are beyond your price rangeDiscussing loan program options and which one fits best with your situationSecuring a pre-approval letter
With all of the proper preparations, you can navigate the buying and selling process with ease during the craziness of the market. You’ll be positioned to quickly sell your home and you’ll be ready to jump on the opportunity to buy your dream house.
Click here to download a free e-book for tips on getting your home ready to sell.
SWBC Mortgage Corporation has been providing mortgage services since 1988. They are a full-service mortgage lender headquartered in San Antonio, with in-house underwriting, processing, and funding for superior, responsive service, and timely closings. SWBC Mortgage is a wholly owned subsidiary of SWBC, a diversified financial services company.
Equal Housing Lender. Loans are subject to credit and property approval. SWBC Mortgage Corporation. Corporate office located at 9311 San Pedro Avenue, Suite 100, San Antonio, TX 78216. NMLS # 9741 (www.nmlsconsumeraccess.org)
Dave Kuebler joined SWBC Mortgage in 2009 after years as a Texas mortgage banker. At SWBC Mortgage, Dave has served as branch manager, assistant regional manager, regional manager, and now, regional vice president. He has held numerous positions with realtors’ and builders’ associations in Temple and Killeen, Texas.