San Antonio Texas Housing Market Trends
According to REALTOR MAGAZINE, prices for real estate in 2015 began to surge around April of 2015. Their Daily Real Estate News section they quoted Lawrence Yun, NAR chief economist, “The spring selling season is in full swing.
San Antonio, United States – March 24, 2016 /PressCable/ —
According to REALTOR MAGAZINE, prices for real estate in 2015 began to surge around April of 2015. Their Daily Real Estate News section they quoted Lawrence Yun, NAR chief economist, “The spring selling season is in full swing. Here’s a breakdown of what clients need to know about the state of the housing market. Yun continues, “Insufficient supply appears to be hampering prospective buyers in several areas of the country and is hiking prices to near unsuitable levels.”
As a professional home buyer Mitch Stephen noticed the same trend in San Antonio, TX. Normally, San Antonio home investors could find a fair share of inventory in the MLS system, but that all ended in early 2015. San Antonio properties in MLS that even smell like an investment grade opportunity get hit with multiple contracts within minutes. Many of the offers will be for over the asking price and are all cash offers. Once bought and renovated, the house just flies off the shelf, but for San Antonio investors, finding a real estate deal to meet strict guidelines for profitability has clearly gotten tougher.
The San Antonio investors that survive are being forced off the beaten path. The days of thumbing through the classifieds and finding a house to buy are over. When home sellers see postcards and handwritten envelopes containing letters of interest in the property, don’t be surprised, the investor probably found the property at the courthouse perusing the public information for people possibly interested in selling a house fast.
If a homeowner is in foreclosure, behind on taxes, or in bankruptcy, an increase in the amount of interest concerning the properties owned will be there. Companies offering “Cash For Houses” know that a lot of chaos can be solved by liquidating real estate assets and the real estate investor increases their odds for success by reaching out to property owners that may be in a jam.
The trick is, to find a professional house buyer that actually has the funds (or access to funds) and can close quickly. Just because someone advertises “We Pay Cash For Houses” doesn’t mean the investor has the money. Entire brokerages are centered on flipping the purchase contracts they write. Yes, this is correct. Some investors will tell a homeowner that the investor can sell house fast, and then the supposed investor doesn’t even have the money to buy it. The investor will simply tie up the property by putting it under contract, and then flip the contract for an “Assignment Fee” to a true real estate investor such as Mitch Stephen. As a San Antonio homeowner cut out the middle man and go straight to a professional home investor with the cash in hand to make a real all cash offer.
Companies that have been around for decades, like Cash4houses, actually contract and close with real funds. Don’t get duped. If a home owner truly wants or needs to sell their home fast, do a little research. Ask around. The cream rises to the top really quickly.
For more information about us, please visit http://www.cash4houses.net/
Contact Info:
Name: Mitch Stephen
Email: Mitch@Cash4Houses.NET
Organization: Cash 4 Houses
Address: 4035 Naco Perrin #104, San Antonio, TX 78217
Phone: (210) 960-8174
Release ID: 108277