Interesting San Antonio Home Selling & Buying Survey

Here's a recent San Antonio home selling and buying survey with a very interesting outcome.

It’s from Credit Suisse, a leading world wide financial services company specializing in advising clients about all aspects of finance, including real estate.

Each month, Credit Suisse surveys leading Realtors ® across the Nation to determine conditions in their market areas.

Here are the October 2010 survey results for San Antonio - the 7th largest realty market in the United States:

■Buyer traffic is below expectations for the season.

■Resale home owners are lowering their prices and offering creative buyer incentives. Home builders are offering more incentives.

■The length of time to sell a home is increasing. That’s usually an indication of continuing price declines in coming months.

Credit Suisse reports these interesting comments from real estate agents:

■“The terrible economy combined with tighter lending practices have discouraged people from buying”

■“Buyers only become seriously interested if sellers are willing to cut prices.”

Is this truly a a doom and gloom scenario for San Antonio real estate?  Absolutely not!

San Antonio homes are still being listed and sold at a slower but steady pace. A home seller who is willing to set a realistic listing price and make improvements to put the best face on the property is most likely to quickly find a buyer willing to take advantage of lower prices and fantastically low mortgage interest rates.

In this market, proper preparation on the part of both sellers and buyers pays off.

If you’re looking for the most reliable advice about how to go about selling or buying a San Antonio home, call us.

We’re Stephanie and Randy Kelley, Realtors® at Keller Williams Legacy, San Antonio, Texas. If you have questions, need San Antonio realty or mortgage loan advice or assistance, or just want to chat a bit about the wonderful Alamo City, please call us at (210) 863-2661 or (210) 867-8743, or E-mail us at swkrealtor@aol.com or kelleybus@aol.com. Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.

We solicit your positive and negative comments about this interesting San Antonio home selling & buying survey.