Foreclosed Homes in San Antonio, TX
If you are looking for a bargain, a nice deal, or a home with some built-in equity, then, perhaps, buying a Foreclosed Home in San Antonio, TX is the way to go. Since interest rates are still at an all time low, buyers will be able to purchase higher priced homes, and still have low monthly payments.
Foreclosed Homes in San Antonio, TX include all your Fannie Mae, Home Path Homes, HUD Homes from FHA, Repossess VA Homes, and Bank REOs(Bank Owned Real Estate) properties. Presently, there are approximately 194 Active Homes in the San Antonio market area available to buyers, who are looking to purchase a Foreclosed Home in San Antonio, TX.
These homes range in price range from $32,000 up to $929,000. The average sales price in around $162,000 for a minimum of a 3 bedroom, 2 bath home. The square footage ranges from 1100 up to 4900. With the average cost per square foot being around $68.51, that’s a great price for many of these foreclosed homes.
These Foreclosed Homes in San Antonio, TX are located all over the city, and even in some of the most desirable neighborhoods. Yes, foreclosure can even happen in the Luxury Home neighborhoods too. Your San Antonio Real Estate Professional can assist you in the purchase of any of these foreclosed homes. If you wish to search for any of these Foreclosed Homes in San Antonio, TX, see my website at San Antonio Real Estate. Call me or text me to setup a showing with any of these homes Today.
Buying an ugly home is really not a big concern these days when you have options for making the necessary repairs on any foreclosure. My next blog will be about how to use the FHA Streamline Loans to fix up that “Diamond in the Rough” that you purchased.
Jerry, there are so many foreclosed homes here. Not all are in bad shape, many are very nice. Just like everythign else, you just gotta do a little looking and have some patience. You're the man.
Home buyers can get a good deal with the many foreclosures in and around San Antonio TX Jerry. There is a lot to know about those types of home sales but with a good Realtor® by their side, (such as you), to take them through the process, buying a foreclosure could be the best thing they have done!
Jerry, Catch them in workable condition and the seller's loss can certainly be the buyer's gain!
Hi Jerry, I like how you did this "market report." Your next post should be very informative. I hope all of you in Texsa get some rain soon.
Yes, Cathy. Bargain buyers can find some nice homes with a little patience, and some good guidance from a local San Antonio Real Estate Professional, who knows where to find foreclosures.
Yes, Brenda. Each type of foreclosure is a very different process, since they all have a certain way that they want to offers to be submitted. I have had the fortune to work with HUD, VA, and Bank REO. Even Fannie Mae's Home Path homes are a different procedure. So many good deals out there to be found.
Hi Bliz, I agree with you 100 percent. Many sellers are losing their homes for various reasons, like job loss, bad health, or divorce. Many of these homes are in good working condition, but the sellers simply couldn't afford to keep that mortgage note.
Hi Sondra, I am able to pull this data right out of the MLS since it gives me a list of all the REO, VA, and HUD homes that are for sale in our market. Then, it will give me an average sales price, average price per square foot, etc. I just have to collect all the data and write about it.
BTW, My next post will be about the benefits of using that FHA 203 Streamline Loan to fix those foreclosures.
Jerry~ You are so right there are many deals to be had out there today and options for improving them! Great information!
Thanks, Melissa. I am working this niche market for foreclosures right now, and I just want to let all the buyers know about these opportunities to get a Great Deal and to be able to fix it up too.
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