Real Estate Conversations with Brenda: Starting the Home Search Too Early-San Antonio TX Home Buying Tips

Starting the Home Search Too Early-San Antonio TX Home Buying Tips

Starting the Home Search Too Early-San Antonio TX Home Buying Tips


I am writing this post because of an experience I just had as the listing agent with one of my listings for sale. The home is really getting a lot of attention which is just what the owner likes to see...as well as the Home Searchlisting agent...(moi).

Anyhoo...one potential buyers just loved the home...but...they cannot get out of their lease until the end of July which is 5 months away.  No, my client isn't willing to wait that long to close on the home and we do not plan on having the listing on the market that long...(as I said, it's a great home and getting a ton of attention).  

So this post is for those San Antonio TX home buyers out there who may be wanting to start their search for homes.  Starting your San Antonio TX home search too soon may cause you some heartache and if you are not ABLE to buy a home for many months, you may want to just hold off for a little while.

I know you want to see what's out there for you and I get it, but what may inevitably happen is that you will find the home that you really, really want and you won't be able to get it.  Now this is only for those buyers who are NOT able to purchase or have a time contingency such as a lease you cannot afford to get out of.  

When you start your home search for the Greater San Antonio TX area, you should be prepared to take action on the home that you want immediately.  The San Antonio TX Real Estate Market is shifting a bit towards the sellers market and inventory is getting low...additionally, you as the home buyer have a ton of competition out there right now as there are a ton of buyers looking.  

So, what do you need to do?  First, and foremost, find a Realtor® in San Antonio TX to help you through the home buying process.  

Get (Pre) Approved with a lender to see how much home you qualify for.

And then, you can start the San Antonio TX area home search by looking online or having your Realtor® set up a home search for you in the MLS.  This will give you an idea of what you are going to be looking for and you can save favorites and watch the market.  

Now..if you are ready to buy, then by all means, go house hunting.  However, if you know that you will definitely NOT be buying for 5 months or longer, then you may want to back plan with your Realtor® on when the best time to search will be.  I typically will have my buyers wait maybe 90 days out....that may even be a bit soon.  Home loans take about 30-45 days from contract (when you place an offer and get it accepted) to closing, (when you sign the paperwork and money changes hands and you own the home).  

If you are leasing a home or an apartment and your lease ends further out, then you may be able to talk to your property manager about getting out of the lease earlier.  Sometimes this will cost you some upfront rent money, but it could be worth it if you absolutely know that you have found the San Antonio TX area home of your dreams.  

Truly, finding your home in San Antonio TX is a matter of timing.  When you hit the market looking for a home, you really need to be ready and able to buy and it's ok if you need to wait for a couple of months.  I promise, we will find your San Antonio TX home at just the right time!

Brenda Mullen – San Antonio Texas Real Estate Professional

Brenda Mullen Your San Antonio TX Real Estate Agent
 
Selling a San Antonio Texas area home involves many steps and having an experienced  San Antonio  Texas Real Estate Agent by your side will make the transaction run a lot smoother. I would love to be your San Antonio Texas Area Real Estate Professional! I assist both buyers and sellers in the San Antonio Texas area with either the purchase and or sale of residential real estate.
 
As an Accredited Buyer’s Agent, I have received special training to guide and educate you through the entire home buying process. From start to finish, I listen to your needs and desires in what you would like and take the information you give me to find you home.
 
As your San Antonio Texas listing agent I am well versed on the local San Antonio Texas area Real Estate Market. You can expect personalized service that includes a detailed consultation on how to best position your home to be competitive in today’s market with an in depth comparative market analysis, and advice on staging. I use the latest and most up-to-date marketing methods to get your home in front of as many buyers as possible. Being your San Antonio Texas area Realtor® not only involves just finding the home or selling the home, but being your guide, negotiator, advisor and advocate and making sure that your needs and goals are met. Being your San Antonio Texas area Realtor® is one of my truest passions, and “Helping You Find Home” is my number one priority.
 
 
Map of San Antonio, Texas
View Larger Map


-- 

SpongeB 

Subcribe by clicking the Sponge!!   

Protected by Copyscape Online Copyright Protection

 

Search for Homes

 

 

 

Follow Me at These Cool Places

Facebook     Google Me     Twitter

Brenda Mullen
Broker-Associate/Realtor®, ALHS®, MRP®, ABR®, ePro®

Team Leader The Mullen Group with RE/MAX Access - Helping You Find Home
19115 FM 2252 STE 15

 

Comment balloon 15 commentsBrenda Mullen • February 16 2013 08:46AM

Comments

I can relate Brenda.  I have a couple under contract that didn't want to close for over 2 months.  Ummm... not happening.  After explaining to them how the seller would not go for that (making more house payments and taking the house off the market while waiting)  they finally agreed and made the offer we are to close the end of this month.

Posted by John McCormack, CRS, Honesty, Integrity, Results, Experienced. HIRE Me! (Albuquerque Homes Realty) almost 7 years ago

Brenda, don't ya just want to scream!!!! Recently I had a couple from the Atlants area who came to Naples 3 times to have me show them properties.  of course they went to a new development without me but i found out that they were not ready to make a move for ONE FRICKEN year.  I feel bad for all those people who had to clean up their home for our showings.

Posted by Chris and Dick Dovorany, Broker/Associate at Premiere Plus Realty ( Homes for Sale in Naples, Bonita Springs and Estero, Florida) almost 7 years ago

Well stated Brenda, just had a phone call from a buyer asking if the seller would take less than list price. When I probed deeper, she was not even preapproved, nor did she have any money for a down payment!

Posted by Kathy Stoltman, Ventura County Real Estate Consultant 805-746-1793 (Rockwood Realty) almost 7 years ago

Some times people aren't honest with us and so I can't always blame the other agent, but I can if they haven't asked the questions at all.  And what a foolish agent wanting your seller to wait 5 months in a hot market. 

Posted by Tammy Lankford,, Broker GA Lake Sinclair/Eatonton/Milledgeville (Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668) almost 7 years ago

It's a heartbreaking situation....but what is the agent on the other side doing?  To ask for your sellers to hang out is a bit nutty.  If they're into it that much, they can close and handle two payments for a couple of months.

Posted by Scott Nowling, Prudential Starck (Prudential Starck) almost 7 years ago

Hi Brenda,

It's all about timing and looking too early can be heartbreaking if you find the right home! Buyers can't expect a seller to wait 5 months to close on their home. Be willing to bite the bullet and pay rent and a mortgage payment or stay home and keep looking on the internet!

Posted by Dorie Dillard CRS GRI ABR, Serving Buyers & Sellers in NW Austin Real Estate (Coldwell Banker United Realtors® ~ 512.750.6899) almost 7 years ago

Brenda  Oh, the polite hostility...you are a pro!  Here's hoping you made your usual 'best' impression on them and they will be back in a few months, preapproval in hand!  You rock!

Posted by John G. Johnston, An Exclusive Buyer's Agent ~ Westcliffe, CO (John G. Johnston & Associates, LLC) almost 7 years ago

Brenda,

I have a client right now that wants to move in late june/july and I have told them it is way too early to start looking at resales. inventory of resales right now in katy in most neighborhoods is low. Your blog has excellent advice.

Posted by Robert Bob Gilbert, Your Katy TX ( West of Houston) Real Estate Expert (Berkshire Hathaway HomeServices Anderson Properties) almost 7 years ago

Brenda when that happens no other home that they find in the future will ever seem to be as good as that one to them, even future homes are better.  That is a big mistake that especially first time buyers make.  The other is looking for homes out of your price range thinking that Sellers are just going to give them away.  Big wast of time for everybody.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) almost 7 years ago

Brenda, If the buyer isn't ready to buy, I won't show them. The market is constantly changing and there is no sense in getting their hopes up when it can't happen.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) almost 7 years ago

Hi All.  Thanks for your comments.  I am moving this weekend so all is a bit hectic.  I promise to get back to you all :)!

Posted by Brenda Mullen, Your San Antonio TX Real Estate Agent!! (RE/MAX Access) almost 7 years ago

How exciting you're moving!  I know where!!  You're new home!  In the meantime, great post about buyers not being able to get into the home they want to call home due to a lease obligation.  This is something they need to be discussing with their buyers agent.  You're correct, a home on the open market, and in this climate, will more then likely not be available in July.  Perhaps, getting out of the lease might be a way for them to go?  I've had clients talk to the rental company/landlord and they worked out a win/win for all.

Posted by Carla Muss-Jacobs, RETIRED (RETIRED / State License is Inactive) almost 7 years ago

Great post, Brenda! I have been talking about these points to several buyers. It's exciting to start the home search, but it gets frustrating quickly for buyer and seller when no further action can be taken for months!

Hope your own move went smoothly! May all the unpacking elves do their magic and get you unpacked quickly! :)

Posted by Nina Rogoff, Sells Real Estate! (RE/MAX Executive Realty) almost 7 years ago

Very well said Brenda.  Buyers need to follow the advice of their agent for best results. 

Posted by Jim Patton, Realtor - Stanislaus ,Merced, San Joaquin Counties ( Aspire Home Real Estate 209-404-0816) almost 7 years ago
Brenda-Your time frames are right on the money from what I'm seeing too. No need to get the Sellers excited about a transaction that has little chance of getting completed.
Posted by Wayne Johnson, San Antonio REALTOR, San Antonio Homes For Sale (Coldwell Banker D'Ann Harper REALTORS®) almost 7 years ago

This blog does not allow anonymous comments