In south central Texas, much of the homes here are historic pieces of San Antonio's roots. From Monte Vista to The Dominion, these areas show off a sense of where the urban west was formed and how Bexar County has grown in the past decade. With the flux of housing markets, some properties have been placed on short sales listings in this area. These properties are made available by lenders who want to sell quickly. Much of these homes are pristine residences, but buying a short sale is a little bit complicated without a knowledgeable agent. Those who can speak with lenders, investigate titles and find out owed amounts can easily create a better offer for these short sales. Read More
There are a variety of homes currently on short sale lists. Some have incredible value but they are tied up in lender's red tape. Other homes may have less value but banks try to trick buyers into paying more for a property that's worth less. San Antonio has its share of gorgeous properties in foreclosure just like any market, but the way to truly find a valuable home in this area is to know someone with experience. These are people who can work with banks around Bexar County who have short sale properties and negotiate an even lower price on a great home. Currently, there are over a dozen properties that are waiting to be sold, and they have incredible features like granite counter tops, fully loaded kitchens, big bathrooms and two living areas, even a game room.
How to Go About Buying a Short Sale
One of the first things to understand is that sellers don't hold the cards, but they want to. Working with a real estate agent can get you the best price on current short sales listings. In order for a short sale to be expected, the lender has to accept a reasonable offer and the seller must have no equity left. If the seller is unable to pay between your offer and the existing loan, most likely the short sale will be accepted. There are easy ways to get pre-approved for home buying loans in San Antonio, so short sales are a relatively common practice.
Cities in San Antonio Area with the Most Short Sale Listings
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the San Antonio Board of Realtors®, and is updated as of February 20th, 2018 at 3:43am CST (date/time).
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.