Do you have a San Antonio house that you need to sell? You’re in luck. Real estate experts and agents all across the United States have are talking about how easy it is to sell homes in San Antonio due to a boom in the area’s real estate market. So if you’re selling one, you should grab the opportunity and sell your San Antonio property today! You’re also in luck, because we pay cash for houses in San Antonio.
According to a statistics report released by San Antonio real estate MLS Board, SABOR, homes in San Antonio are selling like pancakes over the last few years. Local home buyers are choosing to pay for houses with cash. In fact, the trend is still growing and it’s showing no signs of slowing down.
Here are 7 reasons to sell your house for cash in San Antonio, TX:
1. The Culture
The city of San Antonio is one of the friendliest in the United States. This reason alone makes most individuals and families want to move into the neighborhood! San Antonio is home to a family-friendly culture. The location is excellent because San Antonio has so many attractions, and people can always find something to do here. Houses are spacious and well-thought out in terms of layout and design. Air pollution is kept to a minimum. The houses are warm and inviting. San Antonio is just right beside Texas Hill Country which offers leisure activities, green parks, lush environments, etc.
Employment here in San Antonio is at an all-time high. Unemployment is at a record 5.1 percent, which is way below the national average in the US. This fact is the reason why many people are turning from renters into potential home buyers- they are in it for the long haul. It’s simple- people want to work in San Antonio and stay in San Antonio. The undeniable charm, the look and the feel of San Antonio culture makes people feel welcome.
SABOR CEO and President Angela Shields has this to say about the real estate market in San Antonio- “Housing markets in San Antonio are steadily rising. We are so fortunate to be living in a vibrant city that’s supported by a booming job market and a thriving economy that keeps housing at an affordable price.”
2. San Antonio Houses Sell Quickly
It’s the classic law of supply and demand. More and more people are wanting to relocate to San Antonio, and therefore San Antonio houses are selling fast! Buyers are quick to schedule home visits because they know that your house could be sold next week. Statistics show that San Antonio homes generally sell just within 70 days of posting, which is way below the national average.
3. Rising Home Prices
San Antonio homes are enjoying a seller’s market, mainly due to several factors. There’s a real, growing demand for homes located in San Antonio. Moreover, the interest rates for properties are at an all-time low. The low entry point makes buying homes in San Antonio an attractive prospect. Almost all people dream of owning their own home, and when they see the chance, they usually go for it. The low interest rates are great for buyers but they are also advantageous for the seller! The demand goes up, and so the price of real estates go up as well. There are more people vying for the same house, which naturally results in higher offers.
SABOR Chairman of the Board Mary Jeffers explains that the Housing Forecast for homes in San Antonio are enjoying an excellent surge in pricing due to the increased demand and competition for houses. There are now more and more individuals and families opting to buy a home instead of renting one. The tight San Antonio inventory makes it a great seller’s market, while the low interest benefits the buyers who want to stretch their dollar. As such, buyers and sellers are taking advantage of the excellent real estate market balance. The average pricing for San Antonio homes are at $218,000 with a 5 percent increase, and the median climbs at a comfortable $180,000 with a 6 percent increase.
4. We’ll Buy Your House
Worried that you might not be able to sell your San Antonio home? We can help. We are cash home buying company located within the San Antonio, TX area and we can buy your home quickly for a good price. We buy houses from motivated homeowners or sellers in San Antonio no matter the condition of the property. If you are having trouble finding a buyer because the home is in a state of disrepair or needs work, come to us and we will resolve your dilemma with speed and good judgment.
5. San Antonio’s Booming Seller’s Market
Real estate prices fluctuate according to supply and demand. When the demand for one commodity rises, the prices usually rise in favor of the seller. San Antonio is experiencing a phenomenal seller’s market as of the moment. Forbes has put San Antonio as one of the best seller’s market during the last few years, with room to grow in the upcoming years. In short, more houses are being sold for good prices. It’s a win-win situation that involves both the buyer and the seller.
6. More Houses Are Being Sold
Total house sales in the San Antonio region have climbed up 5 percent from last year alone. More than 2,000 San Antonio homes are sold quickly. The facts should eliminate the doubt that you’ll have a hard time selling your property located in San Antonio. Chances are, you’ll be able to sell quickly due to the boom in the real estate market.
7. Tight Home Inventories
The high demand for San Antonio homes make the property inventory really tight. In real estate terms, supply is measured by months of inventory, or the time it takes for all homes in a certain area to be sold. If all the homes are sold within 6 months’ time, then it’s considered as a seller’s market. With this in mind, you’ll be surprised that houses in San Antonio are just at an average of 3.5 months in inventory terms! But, if you’re looking to for the days on market of selling to company like ours…we buy houses in San Antonio within 7 days in some cases. This is way below the national average which sits in at around 5 months. If you’re selling your house for cash, then now is the time to do so. The value will be much higher when you sell your San Antonio house today. You’ll enjoy better bids, views and offers.