Today, I’m diving into an important topic that could make a big difference in the amount of money you net from your home sale.
Is San Antonio still in a SELLER’S Market?
Absolutely YES! Even with the recent uptick with mortgage interest rates, there are still not nearly enough homes to meet the demand of buyers. Although home values will not continue to have huge increases, they will maintain their values and continue to build equity for homeowners in San Antonio. Just not at the rapid rates that we have seen over these past 2 years.
San Antonio housing market is still HOT!
The market is hot. There are more buyers who need houses than houses for sale. That means your home is in demand and it’s not even listed yet! That sounds like great news for you and it is!
As a result of this, I know potential sellers are thinking… Hmm maybe we should just put a sign up in the front yard and see what happens.
The truth is, the worst thing you can do as a seller in a hot market is to do it alone. So before you head to Lowe’s or Home Depot for that “For Sale By Owner” sign, keep reading.
I know you’re doing the math and figuring out how much selling your home on your own could potentially save you… but I wanted to shed some light on a few important things to consider before you decide to go that route.
How accurate are home values online?
If you’re looking to the internet to determine what price to list your home at, you could be losing a significant amount of money. Online home values aren’t always entirely accurate which means basing your list price on what the internet is saying could result in you leaving money on the table.
Most of the websites that offer home valuation calculators are not using the most accurate comparable sales data to get these numbers. They are not taking into account any updates, upgrades, modifications, etc. that you have done to the home. You need an actual liver person (Real Estate PRO, here!) to find a true market value of your home.
How are you with legally binding contracts?
Contracts and Negotiations can feel like a foreign language if you’re not a real estate professional (or real estate attorney). Real estate contracts are legally binding documents. Not understanding how to navigate these or have someone work in your best interest could result in sticky situations and money lost.
Housing supply & demand
Demand – when you’re in a hot market, one of the greatest benefits to the seller is that they’re typically in the driver’s seat. When there are more buyers than listings for sale, your house can spark a bidding war when it hits the market. However, without an agent helping you prep your home for the market, price it strategically, market it with modern methods and really get it out there, you’re missing out on that demand. You might have a buyer or two but that isn’t going to drive the price up like it would if you had someone working for you.
Don’t do it alone
My best advice I can give to someone thinking about selling your home in San Antonio is this – Before you make the decision to do it alone, do some research and find a San Antonio listing agent who has good reviews, comes highly recommended and who you can learn something about before reaching out. What does their experience look like? What are their clients saying? Then schedule a consultation with them to see how they can help you net the most money possible from your home sale.
Successful home selling is rooted in doing your research and making smart decisions that are going to position you in the best place possible when your house hits the market!