Blog Archives
Spring Home Buyer and Home Seller Guides Available
Our latest home buyer and home seller guides provide the most current information that can make buying a home or selling a house a confident decision for your family.
To get insight into the current real estate market that will help you make an informed decision to take the next steps simply request your free home buyer or home seller guide through the links below.
Whether you are ready to buy or sell a home right now, or thinking about when would be the right time for you to make a move, there are a lot of things to consider. Our Guide to Buying a Home and Guide to Selling a Home offer insight into what’s happening in the housing market today, what you need to know before you buy or sell a home, what to expect and how to reach your real estate goals.
If you are a home owner curious about whether this could be the best time for you to sell your home and what you need to know about selling in this current market this Home Seller Guide will provide you with valuable insights to help you make an informed decision and take the next steps. Request your Free Guide to Selling Your Home with information on the real estate market today at http://SanAntonioHomeSeller.info
Whether this is your first time buying a home or you want to learn more about the home buying process, the home Buyer guide will offer you valuable insights into successfully buying a home in today’s market. Request your Free Home Buyer Guide at http://SanAntonioHomeBuyer.info
If you are thinking of buying or selling a home in the San Antonio metropolitan area, and want to learn more about to safely buy or sell home at this time and work with a trusted San Antonio REALTOR® throughout the process, contact Trudy Edwards of KELLER WILLIAMS Realty Heritage, at (210) 595-9801, or by email at TrueSARealEstate@gmail.com.
Don’t Wait To Sell Your House
We’re in the ultimate sellers’ market right now. If you’re a homeowner thinking about selling, you have a huge advantage in today’s housing market.
High buyer demand paired with very few houses for sale makes this the optimal time to sell for those who are ready to do so. Whatever the move you want to make looks like, here’s an overview of what’s creating the prime opportunity to sell this summer.
High Buyer Demand
Demand is strong, and buyers are actively searching for homes to purchase. In the Realtors Confidence Index Survey published monthly by the National Association of Realtors (NAR), buyer traffic is considered “very strong” in almost every state. Homebuyers aren’t just great in number right now – they’re also determined to find their dream home. NAR shows the average home for sale today receives five offers from hopeful buyers. These increasingly frequent bidding wars can drive up the price of your house, which is why high demand from competitive homebuyers is such a win for this summer’s sellers.
Low Inventory of Houses for Sale
Purchaser demand is so high, the market is running out of available homes for sale. Danielle Hale, Chief Economist at realtor.com, explains:
“For most sellers listing sooner rather than later could really pay off with less competition from other sellers and potentially a higher sales price… They’ll also avoid some big unknowns lurking later in the year, namely another possible surge in COVID cases, rising interest rates and the potential for more sellers to enter the market.”
NAR also reveals that unsold inventory sits at a 2.4-months’ supply at the current sales pace. This is far lower than the historical norm of a 6.0-months’ supply. Homes are essentially selling as fast as they’re hitting the market. Below is a graph of the existing inventory of single-family homes for sale:At the same time, homebuilders are increasing construction this year, but they can’t keep up with the growing demand. While reporting on the inventory of newly constructed homes, the U.S. Census Bureau notes:
“The seasonally‐adjusted estimate of new houses for sale at the end of April was 316,000. This represents a supply of 4.4 months at the current sales rate.”
What Does This Mean for You?
If you’re thinking of putting your house on the market, don’t wait. A seller will always negotiate the best deal when demand is high and supply is low. That’s exactly what’s happening in the real estate market today.
Bottom Line
As vaccine rollouts progress and we continue to see the economy recover, more houses will come to the market. Don’t wait for the competition in your neighborhood to increase. If you’re ready to make a move, now is the time to sell. Let’s connect today to get your house listed at this optimal moment in time.
New Program Solves the Problem of How to Buy a House Before Selling Your Current House
Many homeowners want to sell their home and buy a new home but wish that they could buy their new home and move in first prior to putting their home on the market.
If your home no longer meets your needs and you have asked the question of how to buy a house before selling your current house, a new program available in limited markets across the country and just introduced in the San Antonio area may be the solution you are looking for.
Unlike traditional home sales where sellers can miss out on their dream home while waiting for their current home to sell, with the Knock Home Swap™ eligible homeowners can buy and move into their new home before selling their existing home. Knock Home Swap helps reduce the stress sometimes experienced when selling a house and buying a house at the same time because approved homeowners can make a strong, non-contingent offer on the new house and experience less uncertainty throughout the process.
One of the challenges typically experienced by homeowners who are selling a house and buying a house at the same time is that once they have a contract on their home they may not have a lot of time to choose and buy their new home. When they are under contract their agents will have to carefully coordinate and pay attention to the closing and occupancy timelines as a delay with one buyer will affect the other. The Knock Home Swap program removes that stress because the homeowners will have plenty of time to locate, buy and move into their new home before listing their current home for sale.
Another benefit of the Knock Home Swap program is that it provides eligible homeowners up to $25,000 in funds to prepare their current home for sale to help it attract more buyers, attract higher offers and sell quickly. Working with a Knock certified agent and the Knock concierge team the homeowners will select contractors from Knock’s network of prescreened contractors or choose their own to complete the improvements prior to listing the home for sale with their Knock certified agent. Knock will advance up to $25,000 to pay the contractors for the home improvements which will be repaid to Knock once the home has sold.
One element of the program that makes it perfect for today’s market is that because homeowners will be able to put their home on the market their home after they have moved out they won’t have to worry about having people coming through their home for preparation or showings while they are still living there. This means that the risks of exposure to COVID-19 through the home sale process are reduced for the homeowners.
The Knock Home Swap program adds additional convenience for the homeowners in that the entire lending, buying, and selling process is streamlined and the homeowners will only have one mortgage to pay while they are living in their new home and selling their old home.
If you are a homeowner in the San Antonio area and have been seeking answers as to how to buy a house while selling your own home, the Knock Home Swap program could have the answers you have been looking for.
To learn more and see if you and your home qualify for the Knock Home Swap program contact, Knock certified agent, Trudy Edwards, REALTOR with Keller Williams Heritage or click here to learn more
San Antonio Real Estate info 