by admin on September 27, 2010
San Antonio Market
Broker David Bowan reports on recent market conditions in San Antonio, Tx. While residential sales have increased “about 10% over last year,” it is still a buyer’s market. Home owners looking to sell are still not out of the woods as new homes sales are increasing relative to homes for resale. However, according to Realty Times, a variety of employment opportunities and a strong local economy should continue to attract new buyers making it a little easier for home sellers.
Housing Market
While according to Wall street the recession is officially over, CNN suggests that the housing market might not be so stable. New home sales are down 15% and unemployment and high foreclosure rates continue to delay potential home buyers. Experts predict the housing market won’t improve until inventory is down, a trend unlikely to occur while foreclosures are continuously added to the throng ofI homes for sale. Writer Paul R. La Monica also suggests that because the home buyer credit is over, there are even less credible buyers in the market for a home.
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Another advantage of selling to an investor is that they’ll deal with complexities that might surround the close. “Sometimes there’s complex title issues. Like someone died without a will, or there are multiple wills. Retail buyers won’t stick around for that. But because I’m not actually going to live in the house, I don’t care. I’ll wait for nine months, and the sellers will have the advantage of a sure close. I can then offer my services as a sophisticated buyer to kind of shepherd the closing process.”
“I’d say the three major benefits an investor offers is speed, convenience, and risk reduction. I can structure a deal that’s beneficial for them time wise. Sometimes they don’t want a two week close, so I can work with different time frames. I’m also available to do the dirty work- I’ve had times where I’ve had to hall the trash my self from a property- I’ve even worked with estate liquidators. I’d say pretty much any investor, given the right property, would do a lot for the seller. I almost always handle the clean up for the properties I buy.”
More on Selling Your House
