• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Accessibility Statement

Follow Us on FacebookFollow Us on TwitterFollow Us on InstagramFollow Us on YouTubeRSS Feed

Kimberly Howell Properties

San Antonio Real Estate

office@kimberlyhowell.com
(210) 493-6888
  • Blog
  • About Us
  • Agents
  • Buyers
    • Neighborhoods
    • Relocation Information
  • Sellers
  • Listings
    • Available Rentals
    • Homes for Sale
    • McNair Custom Homes
    • Open Houses
  • Contact
  • Rental SearchHomes for Rent
  • REALTORS®Find an Agent
  • McNair Custom HomesNew Construction
  • Property SearchHomes for Sale
You are here: Home / Buying a Home / Is Now a Great Time to Buy Real Estate?

Is Now a Great Time to Buy Real Estate?

May 14, 2012 by khproperties Leave a Comment

Is Now a GReat Time to Buy? - Puzzle Pieces

You’ve seen the ads before or heard the news: “Now is a great time to buy!” You’ve probably heard it more over the last few years than ever before, even a few weeks after the mortgage meltdown. The news has come from your REALTOR®, your lender, people on TV, your friends and family, and the National Association of REALTORS®. The phrase “now is a great time to buy” is everywhere. But is it?

Here in San Antonio our real estate market has certainly picked up. Homes for sale are selling faster and for more money. I’ve seen several multiple offer situations. All of these are good indicators that the people do indeed think it’s a great time to buy. Interest rates are low, we have a good selection of homes on the market to choose from, and sellers are eager to get their home sold after months of slower activity.

While all those factors make for great headlines and a definite upside to buying a home, when I’m asked this question, I always ask one in return; “Is now a great time to buy…for you? Although you always want to try and time your purchases to save the most, a home is a necessity in life…it’s shelter, one of the three main ingredients for survival. If you need to buy or want to buy a home, you need to look at the factors in your life and make the decision that now is a great time for you to make the move.

The largest of the deciding factors you need to consider is whether or not you have your financial house in order. Is your credit looking good? Do you have enough income? Do you have an American Hartford Gold IRA to save for retirement? Will you be able to sustain a mortgage payment for the long term? By knowing that your finances are ready, you’ve made the biggest part of the decision. Easiest way to do this? Have your REALTOR® recommend a few good lenders to you and sit and talk with them. They can help you understand what price range you’re capable of buying and help show you anything you might need to fix before applying for a loan.

All the other factors are much smaller in scope, but should help you determine whether it’s a great time to buy for you. Is your family ready? Do you need more space? Do you need less space? Is your job stable? Are the types of homes you desire out there? What are current interest rates and is your credit good enough that you can lock them in, or will you be forced to pay a higher rate than what you see advertised? Ask yourself these questions and know your answers and you’ll be able to determine whether or not now is a great time to buy. The media will almost always tell you it’s a great time, but unless they can see into your mind, they’ll never know that it’s the perfect time for you.

image courtesy of olgaberrios

Related Posts

  • Million Dollar Real Estate in and Around San AntonioMillion Dollar Real Estate in and Around San Antonio
  • Congratulations to our Platinum Top 50 Winners!Congratulations to our Platinum Top 50 Winners!
  • How much do you need to earn to buy a house in San Antonio?How much do you need to earn to buy a house in San Antonio?
  • Top Real Estate Blog in San AntonioTop Real Estate Blog in San Antonio
  • Why do real estate agents blog?Why do real estate agents blog?

Filed Under: Buying a Home Tagged With: real estate, san antonio, buy a home, great time to buy

Quick Search

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

McNair Custom Homes Video

Recently, we had the pleasure of working with McNair Custom Homes and The IMG Studio to put together a video about McNair Custom Homes and their building philosophy. We love the way it turned out. We hope you … [Read More...] about McNair Custom Homes Video

Confused About The Housing Market?

Confused About The Housing Market? Lean On Your Realtor

If you’re thinking about buying or selling a home, you probably want to know what’s really happening with home prices, mortgage rates, housing supply, and more. That’s not an easy task considering how … [Read More...] about Confused About The Housing Market? Lean On Your Realtor

Homeownership Is An Investment In Your Future

Homeownership: An Investment In Your Future

There are many people thinking about buying a home, but with everything affecting the economy, some are wondering if it’s a smart decision to buy now or if it makes more sense to wait it out. As Bob Broeksmit, … [Read More...] about Homeownership: An Investment In Your Future

Ready for Homeownership?

What You Need To Know If You’re Ready For Homeownership

If you’re a young adult, you may be thinking about your goals and priorities for the months and years ahead. And if homeownership ranks high on your goal sheet, you’re in good company. Many of your peers are … [Read More...] about What You Need To Know If You’re Ready For Homeownership

Prioritizing Your Wants and Needs

Prioritizing Your Wants And Needs As A Homebuyer

There’s no denying mortgage rates are higher now than they were last year. And if you’re thinking about buying a home, this may be top of mind for you. That’s because those higher rates impact how much it costs … [Read More...] about Prioritizing Your Wants And Needs As A Homebuyer

Search Our Site

Real Estate Topics

  • Buying a Home
  • Homeowner Tips
  • KHP News
  • Local Events
  • Local Laws
  • Miscellaneous
  • Mortgages and Financing
  • Open Houses
  • Real Estate
  • Real Estate Market
  • Renters and Landlords
  • San Antonio Places
  • Sell Your Home
  • Technology
Our real estate agents can help you with properties anywhere in Texas. If you need assistance finding agents in other parts of the country, please contact us.

Search Homes

Explore Cities

  • Alamo Heights 36 Listings
  • Bandera 383 Listings
  • Blanco 192 Listings
  • Boerne 709 Listings
  • Bulverde 421 Listings
  • Canyon Lake 472 Listings
  • Castle Hills 22 Listings
  • Castroville 92 Listings
  • Cibolo 374 Listings
  • Comfort 59 Listings
  • Converse 688 Listings
  • Fair Oaks Ranch 52 Listings
  • Floresville 241 Listings
  • Garden Ridge 11 Listings
  • Helotes 146 Listings
  • Hill Country Village 4 Listings
  • La Vernia 170 Listings
  • Lakehills 140 Listings
  • Leon Valley 23 Listings
  • Live Oak 81 Listings
  • Mico 123 Listings
  • New Braunfels 1547 Listings
  • Olmos Park 9 Listings
  • San Antonio 10807 Listings
  • Schertz 295 Listings
  • Seguin 642 Listings
  • Selma 76 Listings
  • Shavano Park 14 Listings
  • Spring Branch 426 Listings
  • Terrell Hills 16 Listings
  • Universal City 94 Listings
  • Windcrest 32 Listings
  • Hollywood Pk 2 Listings

Stay up to date with the latest from Kimberly Howell Properties.

San Antonio real estate and property information provided by Kimberly Howell Properties. Kimberly Howell Properties does not assume any liability or responsibility for the operation or content of any of the linked resources, nor for any of the interpretations, comments, graphics, or opinions contained therein. All information deemed reliable, but not guaranteed.

KJH Properties, Inc. is a licensed real estate brokerage in the State of Texas, Equal Opportunity Employer, and supporter of the Fair Housing Act.

TREC Information About Brokerage Services | TREC Consumer Protection Notice | Privacy Policy

All content © 2009-2023 Kimberly Howell Properties, unless otherwise noted.