It won't come as a shock to learn that San Antonio is a city on the rise and is the third fastest-growing city in the US.
The family-friendly feel, beautiful neighborhoods, the appeal of affordability, and an excellent job market enchant those looking for a new place to call home.
If that ticks lots of your boxes for a home move, read on to learn our top five home buying tips.
1. Discover Your Favorite Neighborhoods
A home search is faster and more effective when you narrow your locations. Start by researching your favorite neighborhoods in San Antonio.
You can find trendy places like the Pearl District and Alamo Heights. Or, if you are local, why not drive around and explore different places?
Your final step in your neighborhood research is to look at average prices for the size of home you need. You don't want to fall in love with a place outside your price range.
2. Find Out About the Real Estate Market
Market trends and the economic climate have a significant impact on property values. But those trends aren't always reflected in asking prices. It's worth doing your research.
If the market is in decline, it puts you in a stronger negotiating position if you find a home you love.
However, it's also worth remembering that a property is an investment for you. So check market trends in San Antonio to ensure you make a wise financial decision.
3. Secure a Competitive Mortgage Loan
Secure a mortgage as soon as possible. It's a smart move when house hunting. It puts you in a stronger negotiating position.
A seller will perceive your offer as serious, and a pre-approved mortgage means you are ready to move fast.
Always research to find the most competitive mortgage rates for what you borrow. And check your borrowing rate against average house prices in San Antonio. It's essential to be realistic about what you can afford for your budget.
4. Don't Forget to Calculate Taxes and Other Fees
Remember when working out home affordability to add on all the extra costs of buying a home.
You will have property taxes you need to pay, plus moving costs and closing costs. If you purchase a home in an HOA, you will also need to cover fees.
Ensure you know the details of these costs so you don't find yourself short of money when ready to finalize your house purchase.
5. Do a Thorough Inspection
Before buying a home, make sure you do a thorough inspection to uncover potential issues. Some of this might not be visible to the average person, so you may want to hire a professional.
Things like structural issues can be costly to resolve. So, if you find a significant problem but still like the house, use it as a negotiation tactic.
Home Buying Tips for Your Dream Home
Finding the perfect home isn't down to luck. It's about having a strategy. Use these home buying tips to prepare your search for your dream home in San Antonio.
If you want to begin your search immediately, you are in the right place. PMI Navigate has some of the best selection of properties to suit every budget. Browse our listings here.
