Is Now A Good Time To Buy A Home In San Antonio?

By
Real Estate Agent with RE/MAX North - San Antonio

question button

Lately, there has been a question that I have been hearing a lot from my buyers.

Is now a good time to buy a home in San Antonio?

My Answer:  Maybe...

The answer to this question can only be answered by each individual buyer.  Is it a good time for them to purchase a home in San Antonio?  This depends on many factors such as:

  • financial situation
  • employment status
  • credit score
  • personal situation
  • location of home
  • condition of home
  • price-range
  • how long are you planning to keep it

house

Let's face it, in most areas of San Antonio we are in a buyer's market.  There are currently over 11,500 properties listed for sale in the San Antonio MLS.  Are there some deals to be had?  Absolutely!  Are all of these homes a good deal?  NO  Are the sellers realistic and motivated?  Some are... some aren't.   Are foreclosures and short sales a good deal?  Some are... some aren't.   Do you think the market has hit bottom?   I don't know, the only way we will know for sure is when we can see the bottom of the market from our rear view mirror...

These are the things I do Know.

  1. Interest Rates are at historic lows.
  2. There is a $8,000 tax credit available for first time buyers.
  3. New home builders are offering generous incentives to encourage buyers to purchase new homes.
  4. San Antonio home prices in most areas are relatively flat.

So let's get back to the question...  Is it a good time for you to buy a home in San Antonio?   It depends.  The first step would be for you to consult with a real estate professional and a mortgage professional to determine what would be right for you and your family.

Comments (4)

Kristin Moran
Owner - RE/MAX Access - KristinMoran@Remax.net - San Antonio, TX
San Antonio,TX - Real Estate - 210-313-7397

Zilkia - This post was right up my alley.  I agree with what you have written & think the most important thing is to consult with a REaltor...doesn't cost you anything! KM

Mar 15, 2009 12:41 PM
Dale Baker
Baker Energy Audits and Commercial Properties Inspections - Claremont, NH
New Hampshire Relocation Real Estate Information

Howdy there Zilkia

You are so right, it is up to each Home Buyer. Were ever they may be look for a home to buy, as to if it's the right time to buy.

God Bless America

Mar 15, 2009 01:27 PM
Shirley Parks
Sands Realty 210-414-0966 - San Antonio, TX
Broker, 210-414-0966, San Antonio TX Real Estate

This is a great post, Zilkia.  I am tempted to re-blog it :-)  Yes, consulting your REaltor for the answers to all your home buying questions is the best way to get started.  ~Have a great week.

Mar 15, 2009 02:20 PM
Paula Christo
Keller Williams Heritage - Luxury Homes Division - San Antonio, TX
Exceeding Your Expectations

Great article! I agree. Turn off the TV news and call your realtor in San Antonio!

Mar 16, 2009 05:40 AM