FAQ

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Answers for San Antonio Buyers and Sellers

Your Home Buying & Selling FAQ Guide

Welcome to our comprehensive FAQ guide for home buyers and sellers in San Antonio! Whether you're buying your first home, selling your current property, or both, navigating the real estate market can be challenging. That’s why we’ve compiled answers to some of the most common questions we hear from clients just like you. From understanding credit score requirements to preparing your home for sale, this page is designed to provide clear, practical information to help you make informed decisions every step of the way. If you need more detailed insights, simply click on the highlighted links to explore our in-depth blog posts and resources. Let's make your real estate journey as smooth and successful as possible!

What is the required credit score to buy a house in Texas?

The minimum credit score typically starts around 620 for conventional loans, but it can be lower for FHA loans (as low as 580) or VA loans. Higher scores often lead to better mortgage rates.

What is the required down payment? The down payment can vary:

✅ Conventional loans: 3% - 20%

✅ FHA loans: 3.5%

✅ VA and USDA loans: 0% (for those who qualify)

What are some other costs other than the down payment?

Additional costs include closing costs (2% - 5% of the loan), home inspections, appraisals, homeowner’s insurance, and property taxes. You might also consider setting aside funds for moving expenses or repairs.

What is the role of a realtor?

A realtor helps you navigate the buying process, from finding the right property to negotiating offers, handling paperwork, and guiding you through closing. They make sure your best interests are represented every step of the way.

Can I buy a new home and sell my old one at the same time?

Yes, you can. There are options like contingency sales, bridge loans, and home equity lines of credit that can help you manage both transactions simultaneously.

Is a home inspection necessary?

Yes, it’s highly recommended. An inspection can uncover potential issues, ensuring that you are aware of the condition of the property before finalizing the purchase.

How long does closing take?

Closing typically takes about 30-45 days from the acceptance of the offer. The timeline can vary depending on the type of loan, appraisal, and other factors.

Can I back out of the buying plan?

Yes, but it depends on the stage of the process. You may lose your earnest money if you back out after the inspection or option period without a valid reason.

When will the home keys be handed over?

You'll receive the keys after closing, once all documents are signed and the funds are transferred. This usually happens on the same day as closing.

What's the first step of the home-buying process?

The first step is to get pre-approved for a mortgage. This will help you understand your budget and make your offer more competitive.

Do I need a realtor?

While it’s not a requirement, having a realtor can make the process smoother, help avoid costly mistakes, and ensure your interests are protected.

What do I need to know about mortgage rates?

Mortgage rates fluctuate based on market conditions, your credit score, and the type of loan. It’s essential to shop around and lock in a rate when it’s favorable.

What about insurance?

You’ll need homeowners insurance, which protects your investment against damage and liability. If you’re in a flood-prone area, you may also need flood insurance.

When is a good time to sell?

Typically, spring and summer are peak selling seasons. However, in a hot market like San Antonio, homes can sell year-round. It’s best to list when your property is in top shape and you’re ready to move.

What is my home worth?

The value of your home depends on factors like location, size, condition, and the current market. We can provide a Comparative Market Analysis (CMA) to help you determine its worth.

How do I determine the right listing price?

We’ll analyze recent sales of comparable properties, current market trends, and the unique features of your home to determine a competitive and attractive listing price.

How long will it take to sell my home?

The time varies, but in a balanced market, homes may take 30-60 days to sell. Proper pricing, marketing, and the current market conditions will affect this timeline.

How much will I pay in commissions?

Commissions usually range around 5%-6% of the sale price, split between the buyer’s and seller’s agents. This fee covers marketing, negotiation, and other services.

What do I need to do to get my home ready for sale?

Declutter, deep clean, make necessary repairs, and enhance curb appeal. Staging your home can also help buyers envision living there.

How will the showing process work?

We’ll schedule showings at convenient times and give you advance notice. Open houses and virtual tours may also be used to maximize exposure.

What marketing will you do to sell my home?

We’ll create a tailored marketing plan, including online listings, social media promotion, professional photography, and video tours to attract more buyers.

What do I need to disclose?

In Texas, sellers are required to disclose any known material defects that could affect the property’s value or safety. This includes structural issues, past flooding, or other problems.

What happens if my home doesn’t appraise above the contract price?

If the home doesn’t appraise, the buyer may negotiate a lower price, ask you to cover the difference, or back out if the contract allows. We’ll work to find a solution that benefits you.

How do you negotiate multiple offers?

We’ll guide you through evaluating each offer, considering not just the price but other terms like financing, contingencies, and closing timelines to choose the best option.

What are the benefits of listing my home with a full-service Realtor?

A full-service realtor handles everything: marketing, showings, paperwork, and negotiations. You get expert advice and save time while maximizing your home’s value.

Will I save money selling my home without a real estate agent?

Possibly, but it can be risky. Without a realtor, you might underprice your home or face legal issues, costing more in the long run. An agent brings expertise that can help you net more.

If I price my home higher, will I get more for it?

Overpricing can lead to fewer showings and a longer time on the market. It’s best to price it right from the start to attract serious buyers and avoid price reductions.

What is MLS?

MLS (Multiple Listing Service) is a database where realtors list homes for sale. It’s a tool that helps get your property in front of other agents and potential buyers quickly.

Are real estate commissions negotiable?

Yes, commissions are negotiable, but it’s important to remember that lower commissions may mean fewer services. We’ll discuss what’s included and agree on a fair fee for our services.