Buying or Selling Affordable Homes in San Antonio, TX
I looked at some comparable sales in an area of San Antonio, TX yesterday for a buyer who told me that they were going to offer $80,000 on a home listed for $105,000 because it was a Buyers Market. This buyer told me that they had been Searching for Affordable Homes on the internet and since they had been a REALTOR in the past knew how to assess the value of a home.
I completed my analysis of homes for sale in San Antonio, TX and when I gave the buyer the data they immediately understood that their perception of the market was wrong. The market is viewed as a buyers market if there are more than 6 months of inventory and a sellers market if it is less than 6 months. Now that only tells part of the story since each area of San Antonio, TX has it's own story and the values can be compared to many different sources. Most real estate professionals and appraisers look at just the MLS to determine if a home will sell for a particular dollar amount. However, when Buying or Selling Affordable Homes the Bexar County Appraisal District has all of the sales history from the MLS, For Sale By Owners (FSBO), and new home sales up to about 6 months ago.
When buying or selling affordable homes, using BCAD information about homes that have sold in the immediate area can tell you more about that area than just the MLS. In fact, When I discussed my findings with the buyer and explained that in the last 30 days there had been 3 sales with the values of those homes at -6%, 1% and 9% of the BCAD assessed value, the buyer realized that offering $80,000 for a listing at $105,000 was wasting everybodies time who would be involved in negotiating the transaction of that home.
Understand that when Buying or Selling Affordable Homes anywhere in San Antonio, TX it pays to hire a professional who understands the market and puts your interests above theirs. So I offer these services to:
* You or someone you know who is interested in Buying Affordable Homes and would like to have a specific Multiple Listing Service search created. Please select “I Want A Personal Buyer Needs Analysis” and I will make time to create the search for your unique situation.
* You or someone you know who is interested in Selling Affordable Homes and would like to have a specific market analysis created. Please select “I Want A Market Analysis” and I will send you information about the market specific to your home and area.