San Antonio, Texas, currently ranked the 8th largest city in the United States, is visited by 20 million tourists each year. It is famous for its Riverwalk, the Alamo, the Tower of The Americas, and the three-time NBA Champion Spurs basketball team. SBC Communications, Tesoro Petroleum Corp, and Clear Channel Communications are all headquartered in San Antonio, providing many residents with jobs.
Sellers and buyers both need to get an accurate San Antonio home value. The home value will help determine the market value of the home.
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| Population 1,144,646 | Median Age 31.7 yrs | Household Size: 2.77 |
| Avg Home Value: $68,800 | July High: 94.6°F | January Low: 39.0°F |
San Antonio Home Value
Some buyers make the mistake of trying to sell their home without a real estate agent and end up overpricing their home. In a competitive market like San Antonio, the key to selling a home quickly and for a fair price is to determine the home’s value. Homeowners can receive either a home evaluation or appraisal to estimate the value of a San Antonio home.
A home evaluation is performed by a realty professional. Most agents will perform the evaluation at no cost to the owner. In this process, the agent will examine the market’s current trends, amenities of the home, number of bedrooms and bathrooms, community prestige and the prices of similar homes that have sold recently. Some buyers will receive multiple evaluations so they can accurately gauge their home’s worth.
A home appraisal is performed by a professional appraiser. An appraisal will be necessary if you plan on being pre-approved for another loan before you sell your house. This process is more through than the home evaluation and examines the structural soundness of the home as well as any problems the foundation, heating, pipes, or vents might have.
If you plan on selling your home, have a real estate professional help you determine an accurate San Antonio home value for you.
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A REALTOR® is a real estate professional who is a member of the National Association of REALTORS®