San Antonio Home Buyer's Guide Part 1

The San Antonio Home Buyer’s Guide from Kuper Sotheby’s International Realty includes very helpful information for anyone going through the home buying process.

The following steps are taken from a section in the Home Buyer’s Guide titled Steps To Buying A Home In San Antonio.

san antonio home buyers guideFIND A BUYER’S AGENT
Ask family and friends for a recommendation for a good buyer’s agent. Having a professional real estate agent represent you is very important. They will help you through the home buying process and assist you with negotiations and other issues.

NOTE: Some people believe that working directly with the listing agent can get you the best deal. This is not the case and will be covered in the Why You Need A Buyer’s Agent section.

OBTAIN PRE-APPROVAL

It is important to gain pre-approval for a home loan before you even start looking at properties. The lender will carefully review your financial situation, including your credit, income, assets and other information. You will be provided with a pre-approval letter stating your borrowing power, or how much home you can afford.

The pre-approval process helps you set a definite and realistic price range for your home search and also proves to sellers that you will be able to follow through with the purchase. If there are several bids on a home the seller is most likely to choose the one that is not only the best price but also has a buyer with strong financial status attached to it. They would not want to select an offer that may fall through.

NOTE: You are not required to use the lender where you get the pre-approval letter and can still shop around for the best interest rates.

san antonio home buyers guideTHE HOME SEARCH
It should be a fun process searching for your new home. There are several websites online where you can view homes that are available.  Also, create a list of features you are looking for in a home and give it to your buyer’s agent.  This could include number of beds/baths, square footage, location, pool, etc.

Your agent will have access to the Multiple Listing Service (MLS) and will be able to send you all the homes that fall under your search criteria.  They will also have knowledge of quiet listings that are not advertised on MLS or other websites.  It is important to look at several homes to get an idea of what you can get for your set budget.

SUBMIT AN OFFER
Work with your agent to come up with an offer that reflects the condition of the property and is a fair market price.  Your agent will be able to research the comparable homes and help you come up with a smart offer.  They may even suggest to put in an offer at full price if the home is priced well and competition is anticipated.

NEGOTIATION & ACCEPTANCE
After you submit your offer the seller will have the option to accept, counter or invite to resubmit.  This process can be stressful if there are a lot of counter offers back and forth, but trust that your agent will be there to help you every step of the way.  Usually with time and patience an agreement on the purchase price and other terms will be made. Once an offer is accepted you will pay earnest money that will be put into an escrow account. This is a good faith deposit towards the purchase of the home and shows that you intend to follow through with the transaction.

Click here to download a full version of the San Antonio Home Buyer’s Guide!

san antonio home buyers guide

Kuper Sotheby’s International Realty specializes in San Antonio Real Estate but can also connect you with properties world wide. Search homes for sale in San Antonio Tx on KuperRealty.com .  Browse our extensive list of San Antonio real estate agents and San Antonio realtors who can aid in the purchase of a new home or help sell your current one.

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