Posted by Randy Kelley on January 3, 2009
Article Take Away: It’s January - the best month to buy a San Antonio home.
Hey, buyer! Are you sitting on the fence, waiting out the market, looking for the bottom? You’re not alone. Hundreds of prospective San Antonio home buyers are holding back, waiting for home prices to stabilize, and hoping to jump in and buy just when prices start to rise again.
Your logic’s good and here are some facts to make it even better:
First, San Antonio’s realty market tends to be exceptionally stable. It’s not prone to experience drastically depreciating home values and rapidly falling sale prices. In fact, the value of the average San Antonio area home has appreciated every year for decades.
Second, real estate prices are very localized and there will always be a neighborhood where, for a variety of reasons, home values and prices are depreciating. If you are interesting in finding out what’s really happening with a neighborhood’s home values, ask a real estate professional to do a highly reliable comparative market analysis for you. Or you can visit web sites like Trulia where you might get a fairly reliable ballpark estimate.
Third, and most important, every year, San Antonio’s average residential list price fluctuates according to a predictable seasonable demand cycle. List prices are lowest in the fall and winter, rise in the early spring, peak in mid-to-late summer, then slide back in early fall. You’re most likely to negotiate a good deal in November and January and least likely to get a good deal in May and June.
January has consistently been the very best month for San Antonio home buyers.
Don’t let the opportunity go by. Go buy!
No comments:
Post a Comment