Navigating the real estate market in Boerne, Texas can be daunting, especially with the fluctuating trends and economic shifts. Many homeowners in the Texas Hill Country find themselves wondering if now is the right time to sell their luxury homes. If you’re considering whether to sell home in Boerne, this post will address the top three questions sellers frequently ask, helping you make informed decisions about your property.
1. Should I Wait to Sell?
It’s tempting to delay selling your home, hoping for lower interest rates for potential buyers. However, waiting might not be as beneficial as it seems. Interest rates will eventually decline, but this also signals a surge in competition equaling more homes on the market.
2. Are Buyers Still Active in the Market?
Despite some potential buyers waiting for lower rates, the market remains active. The graph below illustrates the closed sales in Boerne over the past five years, highlighting the exceptional ‘unicorn years’ of 2021 and 2022. However, when viewing the market over a longer span, current sales volumes are comparable to previous summers, indicating a steady buyer presence.
3. Can I Afford to Buy a New House?
Knowing the equity you’ve accumulated in your current home is essential. We offer a complimentary home equity report to give you a clear picture of your financial standing. According to Jessica Lautz, Deputy Chief Economist at NAR, those who’ve built equity are well-positioned in today’s market, with a significant portion of buyers making cash purchases, unaffected by interest rate fluctuations.
Other Common Questions
If you’re looking to sell home in Boerne, you likely have more questions about the process. Below are ten additional questions we often address for our clients:
- How should I prepare my home for sale to attract potential buyers?
- What are the costs associated with selling a home?
- How long will it take to sell my home?
- What is the best time of year to sell my home?
- Should I make any repairs or renovations before listing my home?
- How should I price my home to ensure a quick sale?
- What marketing strategies will be used to sell my home?
- How do I handle offers and negotiations?
- What are the legal and paperwork requirements involved in selling my home?
- How do I choose the right real estate agent to represent me?
As the best real estate agents in Boerne, we’re equipped to guide you through each step, ensuring a seamless transition. Whether you’re selling a luxury home or looking to buy in the beautiful Texas Hill Country, our expertise is just a call away.
Contact Us
Don’t let uncertainties hold you back. Contact The Gahm Real Estate Team today, and let’s discuss how we can make your real estate experience in the Texas Hill Country as rewarding as possible.
