You bet! But is this the right time for you to buy a home? Owning your own home is the American dream for almost everyone. Why put all that money into renting? Why not build equity in an investment? When is the right time to buy? Would I qualify for a home loan? Where is the best area to buy? What builder should I use? How should I finance the loan? Should I buy a new or pre-owned home? Who can help me with these decisions?

That’s easy. Statler Agents are all licensed real estate agents with the Texas Real Estate Commision (TREC).

Even with the national economy in turmoil this could still be a great time to purchase a home. In an era of huge government bailouts, TARP expenditures, and interest rate fluctuations, many lenders have significantly tightened up on credit requirements for obtaining home mortgages. However, a smart home or real estate purchase is never a bad decision. Statler agents can address your questions and concerns on this topic. We also have excellent realtors affiliated with our company that can help you with the purchase of a residential home, townhome, or condominium. At your request, we will put them to work for you immediately.

Closing costs of homebuying (the money you need at time of final contract) can easily start at $3,000 to $5,000. If you are not prepared to own the home for at least three years, this may not be the right time to buy. Buyers should be prepared for a minimum of three to five years ownership before selling. Selling sooner could cause the owner to incur a significant loss of money on the sale. If you are new to San Antonio or not totally sure where in San Antonio you want to live, this may not be the right time to make a home purchase.

In this case, you might want to wait six to twelve months for your circumstances to stabilize, get to know the city better, and then make that home purchase. Some communities allow you to put a percentage of your monthly rent to accrue towards closing costs, and several property management companies will release you from your lease at the time of a home purchase if you buy a "home-buyer's clause" in your lease agreement (normally $300 - $500).

Whatever guides your decision, we recommend you discuss this option with a Statler Agent to help you make the right decision. Please call us at (210) 699-1700 anytime to speak with a Statler Agent now.