Buying a home is one of the most significant purchases a person will make in their lifetime. As a result, this decision can become incredibly stressful, and most homebuyers are eager to learn tips and tricks that can make the purchase process proceed smoothly. Learning as much as possible about purchasing a home in San Antonio can ensure homebuyers make a wise investment. Home buyers in VIDA, Southside San Antonio’s new home community adjacent to Texas A&M University San Antonio, will choose from entry-level homes and move-up homes in this fast-selling new home market.
One question many potential homeowners ask is, “When is the best time to purchase a home in San Antonio?” The answer is – it depends. Depending on what is most important to you, there are different months that are ideal to purchase a new home in San Antonio. When determining the right time to begin your home search, take into consideration your budget, the current market, and nearby employment opportunities, as well as some characteristics unique to the Southside of San Antonio.
January Has the Lowest Listing Prices in San Antonio
While we’ve seen a few atypical years, the price of houses in San Antonio often drops in the winter, particularly during the month of January. For buyers looking to score a deal, January is often the best time to buy a home. With fewer people buying homes in January, sellers may be more motivated to make a deal. While the price difference from the hotter housing months of April through October may not be as significant as it is in colder climates, those willing to brave the chill may be able to find better pricing available in January.
April Features the Best Variety of Homes in San Antonio
April is a great month to buy a new home in San Antonio because it is the most popular month to put a home on the market. With more homes to choose from, buyers have a greater chance of finding the home that is perfect for them. In addition, more houses on the market can mean fewer buyers looking at each individual home, so buyers may expect less competition. April is also the ideal time to make an offer on a San Antonio home—since some homes may have been on the market prior to the beginning of the high-volume season, sellers may be more motivated to accept an offer.
December Has the Lowest Mortgage Rates in San Antonio
On average, the month of December features the lowest mortgage rates in San Antonio, making it an ideal time to apply for a loan. Lower interest rates can save homebuyers significant money in the long run, creating a huge incentive to buy a home in December. Finding a lender to secure financing in December is not difficult, making it a convenient time to explore financing options.
The Best Time to Buy a Home in San Antonio is Now
For individuals looking to purchase real estate in San Antonio, the ideal time to buy is always right now. While some months may be more favorable than others due to the factors listed above, the cost of real estate in San Antonio is generally on the rise. The sooner the home purchase process begins, the better deal the buyer will get in the long-term—and the more equity they will build in the home.
Most of all, choose a home based on your desired lifestyle and location. Choosing a new home in a vibrant masterplanned community in San Antonio like VIDA offers buyers walkability, activities and amenities beyond the home they purchase. If you’re looking to move, VIDA at Texas A&M is offering homes by builders Perry, Highland and Lennar, adjacent to the dynamic A&M – San Antonio and Palo Alto College campuses, the Zócalo (a vibrant events plaza), and adjacent to the planned University Health acute-care hospital. Contact VIDA today to learn more.