Is Now the Time to Buy?

With so many conflicting opinions on today’s real estate market, many are confused about the current situation. As the national economy sinks with each passing day, you are probably wondering about the real estate world. Is now the time to buy San Antonio real estate?

Despite what the media might have you believe, the current economic climate is working in your favor if you are shopping for a new home. In fact, banks and builders are offering dozens of incentives to new buyers.

At this point, some home builders have been sitting on empty homes for months. Each passing day is eating away at their bank account, so they are eager to unload the home on a willing buyer. Some builders offer incentives within the home itself. They might offer a customization package, where they install cabinets, flooring, or appliances that the buyer chooses.

They might offer to paint the interior or throw in some free landscaping services to close the deal. Some builders are even offering to help new home buyers pay down the interest rates on their mortgages. You might be surprised by what a builder will offer you if the house has been empty for a few months too long.

With free upgrades and various incentives thrown into the mix, buying a home in today’s market is a wise investment. Don’t be afraid to talk with the builder about incentives. Ask for the builder to change the kitchen to the look you really want. Ask for those stainless steel appliances or granite countertops. Some builders are even willing to pay your utility bills for a few months in exchange for the sell.

When you negotiate incentives with a builder, keep in mind the ultimate resale value of your home. If you get free upgrades and customizations, choose to focus on the kitchen or bathrooms. Small changes in these areas can make a critical difference in the overall resale value of your home.

While short term incentives such as paid utility bills might seem tempting, opt for incentives that will pay you back in the long run. Ceramic tile, stainless steel appliances, and large garden tubs are going to give you a good return in the future.

Despite what you might have heard, now is a great time to buy a home in San Antonio. Explore your options and don’t throw away your money on rent. Invest in a new home that has been sitting empty for awhile. Ask for the incentives you want and watch as builders cater to your needs.

Ask lots of questions and compare incentives between builders before you make a final decision. Enlist the help of a good real estate agent to guide you through the process of finding your dream home. The market is ripe for new buyers in San Antonio, so start searching for your new home today.