Thanksgiving 2008 thoughts: It is good to be in San Antonio!

Submitted by - Reagan Greer, Broker
As Thanksgiving 2008 approaches, we at Bradfield Properties, Inc. would like to thank all of our clients and customers for trusting us with your real estate needs. Our Company and our top team of professional Realtors appreciate your time on our web site and pledge to continue to stay a step ahead by providing you with useful as well as updated information.

2008 has been an unusual year for the real estate market. Economic uncertainty has had an impact on our local market, but as a whole, San Antonio and the surrounding areas have done much better than other parts of the Country. We continue to find ourselves in a buyers market (more than 6 months of inventory) with over an 8 month supply of inventory of homes available today. Interest rates remain favorable, between 5.75 and 6.25%, with many options for consumers to consider. Getting pre-approved for a loan is important, as credit and your ability to pay need to be settled up front prior to venturing out in market. Housing appreciation in San Antonio remains in the positive / plus column and your agent can provide specific information on the subdivision you are interested in for more clarity. The overall outlook for the local area remains good via unemployment rate is down, job growth rate is up and interest in new people moving here remains on the rise proven by our population increases. It is a great time to consider moving up or down in home size plus buying verses renting with these factors in mind.

Sellers need to be aggressive in marketing their home in coordination with their Realtor. Getting the property exposed on the internet, in print and in the real estate community is very important. The property should be in good condition inside and outside, priced competitively to sale quickly and the seller should be proactive with the feedback they receive on the home. Houses are selling, however the days on the market may be a little longer, so look at the facts in your neighborhood up front to have a clear expectation. Ask your agent to provide this for your review in the process of listing.

Real estate is a big part of Thanksgiving celebrations, as homes around the Country are filled with family and friends this holiday season. We at Bradfield Properties stand ready to assist you with your real estate needs today and in the days ahead.

Happy Thanksgiving to you and yours!