I would strongly suggest you taking a trip down to SA within 90 days of your projected move date. If you have some direct question, feel free to contact us at 512.663.9519 for a hassle free approach to real estate.
Narrowing the search to Location, Schools, proximity to work/traffic patterns, and price are key. Being preapproved by your lender gives you a great place to begin the price point search. Time factor is dependant on your situation. Can you continue in New York, while someone moves down here and completes the transaction? Then start now and get a contract, the interest rates are low now, but who is to say in 5 months what they will be, and remember being qualified at a rate now, does not mean that will be the rate in June.
You have a plan. That is the key. Ask questions and then ask more questions. Then, make a decision to choose one agent to work for you.
Great to hear we are going to grow Texas by one more family!
RE/MAX REALTY ADVANTAGE 281
Here is my number one suggestion.
COME SOON AND EXPLORE THE CITY.
AN INFORMED BUYER IS A CONFIDENT AND SUCCESFUL BUYER.
San Antonio is a sprawling city made up of many smaller communities. Each of these communities is very different. You need to try and decide on the neighborhood before buying a home. There are many good values in different parts of the city. To make a confident and correct choice, come learn more about San Antonio.
I would happy to give you a free tour of the city without obligation on your next trip in. I find that people who know the city make excellent informed and confident buyers. Invest in the time to understand this beautiful place to live.
Don C. Reser
You can make an offer anytime you choose... you are a New Yorker aren't you? NYC guys don't let someone else tell them what they can or can't do, they just do it! Forgettaboutit! A little humor for you.
Seriously, a few of my past military clients relocating here to San Antonio were serious as a heart attack about getting into the home the exact day, hour, minute they needed, so I've seen it all and I did not leave them disappointed. We've even successfully locked up a house for 2 1/2 months, all while taking care of inspections, repairs and all that good stuff w/ my client being out of town for the whole thing. It all can be done, you've just got to find yourself the right agent priority one!
From one Yankee transplant to a soon-to-be other, do yourself a favor and start interviewing for your successful agent. By the way, the NW area.. great area! Not only do I sell over there, I chose to live here and looking to buy more over here! It's booming over here! Best of success on your endeavors!
Preapproval....you should talk with your loan officer now. Find out how long their preapproval lasts and ask about rate locks....although I think on VA the rate is the rate and doesn't change that often. They should check your credit now so that you have a chance to remove any negative items, or pay off anything that needs to be paid. Depending on your finances and how long you need to be in the home, they also have some alternatives for you so starting now on financing gives you a chance at a host of options. Don't wait until May or June.
Good luck with the move.
The first item to look into is the mortage loan as this will provide you with the power to purchase the house you are looking for. Since preapprovals are good for a specific time period I would suggest visiting with a loan officer end of February .
BEGIN YOUR SEARCH:
Once you have this item checked off we can then begin looking for your house the middle of April. If we have a typical 30 day closing this would put you at the closing table the middle to end of May with room for a buffer in the event a complication arises.
This will enable you to move into your house on or about June 2.
If you need assistance in locating a loan officer or any other information, please contact me. I would like the opportunity to visit with you and understand other needs and wants you are looking for in you new home in San Antonio.
If you are moving down in July, I would say that you need to be getting familiar with the area using the internet now -- http://www.Moving2SanAntonio.com has great tools... I would start getting very serious no later than early March and make a final decsion no later than ealy May, figuring a 60 day close max.
Let me know if I can help!
I understand your goal to move directly into a house when you relocate. From an investor's perspective this is not a good strategy in real estate acquisition investment.
The value in the real estate market will bottom out in the second quarter 2010 minimum at least 17-19% less value than today across America.
It may be inconvenient to rent when you get there but you will make a ton of money on your real estate acquisition with this strategy compared to stressing out, settling on a property in your moving time frame, especially when time is on your side in real estate acquisition. Remember, youâ€™re relocating for income, make your residential acquisition an investment. Investment is for profit, and a real estate investment is a significant investment for most people.
Take your time and find and make a great deal. I guarantee youâ€™ll love your new home a lot more when you make a great deal on it.
By the way, as someone else mentioned, what if things don't work out w/ San Antonio and the job? If you buy now and try to sell in the next 2 years you will be in a short sale if you pay fair market price now.
Real Estate Investment Broker
If you are able to be here by June 2nd, then you could ideally close on a home any time in April and have your first payment not due until June 1st. I would recommend that you buy as soon as you find a suitable home for your family since we are not sure if the interest rates will remain as low as they are right now. This is a phenomenal time to buy! Once you find your home here, then you can lock in your interest rate for up to 60 days. I would certainly take advantage of these low interest rates if you plan on financing your home purchase!
Let me know if I can assist you. Good Luck!
Amanda P. Herring
Accredited Buyer Representative
If you plan on being here on 7/1/09, I would start looking now to see what's out there (the Northwest side of town has lots to offer) and get a feel for neighborhoods. By March and April, I would start narrowing down your choices and options. By May I would start to think about an offer. Of course, depending on your financial circumstances (if you don't own and can afford to make a few payments before you move), you may see something now and just have to have it, so that's an option as well.
The Northwest side of town covers a lot of area, with many different communities, all with different pros and cons for you. Where you will be working? Is commute time a big issue for you? School aged children? Nightlife? Shopping? Many of these things can be found in different areas, so if one is more important than the other, one area of the Northwest might be more important to you than another. Have you done research on this side of town?
Since you want to move right in, I would probably suggest the latest you make an offer would be mid-May, giving yourself about 45 days to close on a property (remember you'll need to take into consideration any negotiating time as well before the offer is accepted - this can take minutes or days depending on your offer and the seller's position on the offer). This should allow time to close with a cushion as well. It would be nice to know that you can walk right in the front door. If you find a excellent agent, they can even coordinate having your utilities ready to go, phone set up, etc., so that you just literally can walk right in. I moved here from PA and my agent took great care of me (he got me into real estate) and on the day we moved in, I felt like I was already home (except our furniture was delayed and we didn't have it for a week - sleeping on an air bed was no fun at all).
Let me know if I can do anything to assist you in your search.
PS I am including a link to a site that you might find useful to make sense of all the properties as you go through the various websites looking and thinking about it. I have had a few clients use it so far and they love it. It allows you to bookmark various properties and brings in various data from other sources (maps, WalkScore, school data, etc.) to combine it all in one spot. You can also use keywords to tag your properties, so you can sort through them based on the keywords.
My suggestions is too start looking now. It doesnt hurt to window shop neighborhoods to get you familliar with the neighborhood amenities and schools. A good agent will provide this information for you to help you along with finding the right area as well as the right home for your family. Before you come down this way the more information you have ahead of time will help maximize your trip because you will have a pretty good idea from the start. I work for Prudential Classic Realty and can set you up a saved search to meet your criteria and notify you if there is a price change or new listing in your area of interest. Please let me know if I can be of service. Good Luck and Happy Hunting.
Fines Homes International
If you like, I can set you up to be notified as properties come on the market that fit what you are looking for.
Also, you should check to see if you are eligible for the Texas Vet loan program. If the rates are as low as 3.88% as of yesterday. If you want more information about it, let me know and I would be more than happy to help!
If you need a loan I am not only a realtor , and a Texas loan officer .
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