Here in the San Antonio, TX market, we’ve seen a lot of different scenarios where buyers get different results. We know what works in local real estate, and we want your real estate strategy to be as successful as possible. Here are some common guidelines for making the most of a real estate purchase.
Look For Pre-approval or Secure Sources of Funding
If you’re going to be buying any type of property and financing a portion of that value, you’ll want to pursue lending preapproval. As with any asset, you don’t want to be shopping without knowing if you’ll be able to afford what you ultimately choose to buy. Pre-approval can be pretty simple, so raise the issue with lenders before you go shopping.
Get Confident with Property Inspections
The property inspection is a key piece of the process for a reason.
Yes, agents know how to value a property based on its square footage, beds and baths, amenities, neighborhood and general market context. But then, the overall value of the property is also impacted by any malfunctioning appliances, poorly performing systems or environmental hazards that may occur in the building. That’s where the inspection comes in handy. To the extent that you know more about the inspection process, you can anticipate any changes to your real estate value that come up during routine inspection.
Unify Your Communications
Here’s another great tip that many of our clients have used to succeed in the world of real estate – unify your communications and universalize the ways that you work with your stakeholders. That means knowing whether you’re going to call or email your agent. It means understanding the timeline for communicating with your counterparty, the buyer or seller. Many of these details can be tightened up, and this will help you to make your real estate process much easier as you work toward the settlement table.
Know Your Neighborhoods
We can’t stress enough that it’s important to know your local neighborhoods when you’re going shopping for a property.
Property values and contexts differ from block to block. At Dillingham & Toone Real Estate, we have some very helpful tools for you to do this kind of research and form a better picture of the neighborhoods that you’re interested in. Take a look on the web site and use our next-gen online tools to get the insight that you need into San Antonio TX markets. We pride ourselves on adding value to the real estate research process, and being here for our audience.