Sellers should CASH OUT in the San Antonio Market before it's too late
Selling your house sucks! You must take the pictures off the wall, lug heavy boxes around, clean everything, declutter, and make your house look like it’s straight from HGTV. Plus, there is the added stress of navigating the real estate market. When you sell your house, the goal is to juice out as much equity as possible. When you take out that equity, you can use it for whatever the hell you want. My goal is to make sure that you milk out every cent of that equity to maximize your sale. The things I’m telling you here are things you can do to not make the selling process so sucky and things you should consider when selling your home. What is your House Worth? Once you’re ready for your house to go on the market, you then must find out what you can realistically sell your house for. It is never just one price, but it should be a range of prices within $20,000-$40,000 of each other because the market changes every day. If four houses on your street pop up for sale, then that’s going to decrease your value and vice versa because if no houses are for sale, then it’s going to increase the demand in your neighborhood. Upgrades?? Aside from the traditional moving out routine, people also consider upgrading certain features of their house. The secret is to see what your neighbor’s house sold for (with what upgrades), see what the average price of homes in your neighborhood sells for, and adjust your house accordingly. For example, if all the houses on your street have marble countertops, then you should consider installing marble countertops to increase the value. An appraiser is going to ding you for conditions if you don’t have what’s typical in that neighborhood. On the other hand, if everyone has Formica countertops, but the neighborhood is super-hot and really close to some amenity, then I wouldn’t suggest changing to a nicer countertop. Another example is if other houses have sold for a higher price with carpet, then it would not be necessary to install beautiful, tile floors. This will just waste your time and money. To maximize your value, the house’s value must be the average of what the highest comparables are. When I recommend upgrades, I want to see at least a 150% return. So, if I suggest doing $10,000 worth of upgrades then that’s typically going to get you $15,000 in return. Otherwise, it is not worth the risk and your time. What Price Should You List? The most important thing to know, when you decide to sell your house, is what price you want to enter the market at. Zillow, Trulia, Realtor, and Redfin have algorithms to see which people are clicking on certain houses so they can filter and send similar homes to people’s emails. Knowing that, you want to price your house favorably. Price Low Tactic If there’s 10 houses for sale and only 100 houses in the neighborhood, I would price the home lower, so you get potential buyers interested in the house. That initial interest is where we would capture people’s information to follow up and see if they want the house. Even if they are no longer interested in the house, at least we get some feedback. So, entering that market will be better because we get people in the door, we get to talk with them, and see how the house can fit their needs. If there’s no inventory in your neighborhood, then the best thing to do is create a bidding war. In this case, we may get into the market a little bit higher while still being competitively priced. The hack is that you don’t have to accept an offer that is your listing price. Believe it or not, you can still say no to an offer that’s your listing price and negotiate the fees in the purchase agreement to net you more money. Price High Tactic The third way to enter the market is to price the house too high. There’s pros and cons to this because you may get an offer that’s higher, but you also won’t get as much interest because the algorithms are going to feed information in a general aspect. The information is only as good as what the realtors put in so you're going to have this “spit out number”, calculated by the algorithms, that estimates what the house is worth. If it’s lower than what the website’s estimated price, then people are going to think it’s overpriced. Therefore, it can create more hard days on the market, which is not good. These are the best steps on how to sell your house effectively and suck out all the equity you can.
MASSIVE Price Drops in San Antonio - Housing Crash
MASSIVE Price Drops in San Antonio - Housing Crash San Antonio landed at Number 6 among the nation's 50 largest metro markets. Recently, San Antonio was named as one of the most overvalued housing markets in the U.S., with homes on average being overvalued by 30%, according to a report by Florida Atlantic University. We make the national list of biggest price drops in the NATION. What does that mean for people in San Antonio? This video explains the price decrease and ways to get good deals before the market goes back up. If you're looking to move around San Antonio, shoot us a quick email. We were awarded San Antonio's Platinum Top 50 Realtors and our team would love to help! READ THE FULL ARTICLE HERE
DON’T Live in these San Antonio Suburbs until you watch this
Suburbs have different vibes. Some areas are GREAT some are not so great. There sooo many differences in the different San Antonio Counties and towns, this video will explain all the differences. The San Antonio "Suburbs" is classified as the Greater San Antonio Area or San Antonio New Braunfels Metro Area area which is comprised of 8 Counties! Atascosa County, Bandera County, Bexar County, Comal County, Guadalupe County, Kendall County, Medina County and Wilson County. These counties are all in the San Antonio area and all are in different locations with different ammenities for each counties. Check out my video below which will break down the different areas to see which area will be perfect for your lifestyle! If you are looking to move around the San Antonio Area, we'd love to help!
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