The Alamo and the Riverwalk is what most think about when they hear San Antonio. San Antonio is a major Texas city with a rich colonial heritage and a growing population like many other large cities in Texas. So expect the area to continue to be a seller's market in terms of real estate, but for good reason. Here are some resources for those new to the San Antonio area:
A home is one of the biggest investments for most people and, in booming markets like San Antonio, Texas, it can cause anxiety. One of the most important decisions in this process is finding a reliable home inspector. You need an inspector you can trust to perform a thorough home inspection and provide a comprehensive home inspection report.
In Texas, home inspectors are required by the state to be licensed. This means it’s important to hire a home inspector that meets, if not exceeds, the state requirements and certifications needed to inspect homes.
San Antonio inspectors are guided by a detailed Standard of Practice provided by associations like InterNACHI for Texas home inspections.
When inspecting homes, home inspectors check specific systems and requirements to ensure the safety of the home.
Over the course of 2019, San Antonio was a hot market for sellers and saw home value rise by around 5.6%. Home values are predicted to reduce during 2020 which is expected due to the effects of COVID-19, but will still remain above state and national averages. This means you should expect homes to have multiple offers and remain competitive.
San Antonio clocks in at a 65 on Redfin's Compete Score, which is similar to Dallas and Houston and far lower than the ultra-competitive Austin market.
It is as important as ever to get an inspection for any home you put an offer on. Without a home inspection there is no way to guarantee the condition of a home. In moderately competitive markets, you may not get everything you ask for but you can still ask the seller to repair major safety items.
Each home will have different demand and a seller with different circumstances, so work with your home inspector and real estate agent to make sure you feel good about what the seller credits you for or repairs!