If you’re considering buying a home in this market, it’s important to note that inventory is insanely low. We already had low inventory heading into this COVID-19 situation, but now it’s even lower. As such, it’s critical to work with your agent and build a strategy for submitting an offer.
“Believe it or not, showing activity in Texas is up 15% in comparison to this time last year.”
Nowadays, it’s increasingly common to see a single property fetch five, 10, and even 20 offers if it’s priced right and in good condition. Buyers have to act fast and creatively; you could strategically adjust closing costs or date to closing, or try to influence the seller with an honest, heartfelt letter. These are all areas in which we can help you succeed if you choose to work with us.
On the other side of things, it’s a great time to sell a property. Again, supply is lower than it’s been in recent memory, but buyer activity in the market is amazing. Believe it or not, showing activity in Texas is up 15% in comparison to this time last year. All in all, San Antonio and the surrounding areas are fortunate to be enjoying these strong market conditions given the circumstances.
If you’re curious about what your home might be worth in this type of market, check out the link below this video and input your address. For buyers hoping to locate the perfect home, follow the other link to see everything that’s available on the market. As always, reach out via phone or email if you have any questions. I’m here to help. In the meantime, stay safe out there!