Searching for your perfect home can be fun and exciting, until you see the asking price. Sometimes it can be hard to understand why homes are listed for the prices they are – especially here in San Antonio. Before completely writing off a house, take into consideration the factors that affect a home’s price.
Real estate is local
The current real estate market plays a huge role in how a home is priced. During low inventory times, often referred to as a “seller’s market,” homes may be priced very aggressively. During a “buyer’s market,” when a surplus of homes is available, homes may be priced more modestly. It’s important to remember that not all markets are the same. What may be selling fast in one part of town doesn’t mean the same rules apply to another.
Location of the home
Looking at homes in different areas can be disheartening. What may sell for much less in one area may not be the same in your ideal area. That is why the exact location of a home is a contributing factor to the home’s asking price. If the home is located in a desirable neighborhood, close to great schools, or if it is in a cul de sac could play a part in that home’s price.
What the home has to offer
Is the home brand new, does it have high-end upgrades, does it have an impressive back yard? All of these features influence what a home is worth. When looking at homes it’s crucial to remember that each feature you love plays a part in why the home was listed for its specific price.
The condition of the home
Remember that even if you are looking at an older home in a great area you can still expect to see a large price tag. A home’s location – regardless of the age – will factor into a price. On the flip side, if a home has not been well taken care of, it is common to see that reflected on the price tag, too.
The best way to know if a home is properly priced is to work with a certified Realtor like me! I can provide you with comparable prices for the home you’re interested in and help guide you through the entire process.
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I have the listing for 339 East Sunset Dr. in the Sunset Villas complex near Broadway (featured in the photo above). Drive through the private gate at Sunset Villas and you’ll feel as though you’ve entered an exclusive Mediterranean enclave. Neatly situated around a landscaped courtyard, these 15 Davis Custom Homes are rarely available.
No. 339 features an open floor plan, top-of-the-line appliances and beautiful hardwood floors. Master with en suite bath and large walk-in closet and second bedroom/bath are on the first floor. Guest suite with bath is upstairs. Ample storage. Small, easy to maintain yard and deck. Looks, feels and smells brand new. Well-managed HOA. Ideally located in the Alamo Heights Independent School District. In walking distance to shops and restaurants. Convenient access to The Quarry and I-410 Loop. I’d love to show it to you.
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