1 00:00:07,059 --> 00:00:09,699 Hello, and welcome to the Danny Buys Houses podcast. 2 00:00:09,699 --> 00:00:14,319 I'm your host, Danny Johnson, owner and founder of Danny Buys Houses in San Antonio, Texas. 3 00:00:15,019 --> 00:00:19,339 Danny Buys Houses is a cash house buying company that buys houses as is and super fast. 4 00:00:19,639 --> 00:00:24,519 We've been doing it for 20 years. We've got a good feel for what the market is always doing here in 5 00:00:24,579 --> 00:00:29,039 San Antonio. I know there's been a lot of change lately, and you're probably wondering, "What is the 6 00:00:29,059 --> 00:00:33,779 current real estate market in San Antonio like, and is now a good time to sell my house?" 7 00:00:34,599 --> 00:00:39,540 Uh, you know, especially if you wanna sell your house as is and for cash, you're in the right spot. 8 00:00:39,579 --> 00:00:43,039 Today, we're gonna be digging into San Antonio's real estate trends, current trends. 9 00:00:43,340 --> 00:00:48,039 And I'm gonna break down what's happening in our market, and why it's always a good time to sell if life's 10 00:00:48,039 --> 00:00:49,419 pushing you to move fast. 11 00:00:50,180 --> 00:00:54,539 And we're gonna get to some listener questions that I received, uh, in this episode as well. 12 00:00:54,539 --> 00:00:55,379 So stick around, 13 00:00:56,340 --> 00:01:01,299 and I will also show you how to get started, uh, to get a cash offer for your house, if that's what 14 00:01:01,319 --> 00:01:05,919 you're interested in. All right, so let's talk about the San Antonio housing market. 15 00:01:06,139 --> 00:01:09,699 I've been buying houses here for over 20 years, and I can tell you, it's shifting. 16 00:01:09,759 --> 00:01:13,719 Back in 2022, we had a red-hot seller's market. 17 00:01:13,719 --> 00:01:18,299 Houses flew off the market within a couple weeks, sometimes days, and buyers were throwing 18 00:01:18,379 --> 00:01:20,899 offers over asking price like it was a bidding war, 19 00:01:21,999 --> 00:01:26,799 um, all the time. So it was just, like, super strong market, uh, you know, interest rates were 20 00:01:26,799 --> 00:01:31,779 really low, and, uh, you know, they were threatening to be raised, and so everybody was like, 21 00:01:31,779 --> 00:01:36,479 "I better act now. I better buy a house." And so it created this market that was super, super great for 22 00:01:36,619 --> 00:01:41,479 sellers, and, uh, you know, buyers were having to pay quite a bit to be able to get the houses 23 00:01:41,519 --> 00:01:42,239 that they wanted. 24 00:01:42,859 --> 00:01:43,119 Uh, 25 00:01:43,899 --> 00:01:46,139 so that- that's what was going on then. 26 00:01:46,199 --> 00:01:49,239 So things have changed a little bit though, right, uh, in the last couple years. 27 00:01:49,239 --> 00:01:50,179 Home appreciation, 28 00:01:50,879 --> 00:01:52,239 uh, rates have gone through the roof. 29 00:01:52,239 --> 00:01:57,199 Values jumped over 50% in some spots from 2018 to 2023. 30 00:01:57,879 --> 00:02:01,839 And, uh, real estate demand was just crazy then and, you know, it's created, 31 00:02:02,539 --> 00:02:03,339 you know, uh, 32 00:02:04,279 --> 00:02:05,639 a situation where houses 33 00:02:06,679 --> 00:02:11,099 have gotten to be expensive, right? With the interest rates climbing, you know, they're- they're higher 34 00:02:11,119 --> 00:02:11,459 now 35 00:02:12,539 --> 00:02:17,379 and the property taxes and insurance rates have gone up quite a bit, so everybody's monthly 36 00:02:17,479 --> 00:02:22,319 payment on these houses has gone through the roof and it's created a- a big 37 00:02:22,359 --> 00:02:23,559 cooldown in the market. 38 00:02:24,319 --> 00:02:25,079 All right? So, 39 00:02:25,839 --> 00:02:30,819 you know, right now, as of April 2025, things have- have cooled dramatically, and 40 00:02:30,839 --> 00:02:35,619 the latest numbers show that homes are sitting on the market a lot longer, about, uh, I think the average is, 41 00:02:35,619 --> 00:02:40,279 like, 74 days, up from, like, 59 last year, I think it was. 42 00:02:40,599 --> 00:02:43,959 Which is quite a big jump, and, you know, especially being the average. 43 00:02:43,959 --> 00:02:46,039 The median home prices have also changed. 44 00:02:46,319 --> 00:02:51,159 That's down, actually, close to 4% since last year, um, hovering around 45 00:02:51,219 --> 00:02:53,699 $250,000 for San Antonio, Texas. 46 00:02:54,379 --> 00:02:57,739 And the inventory, you can imagine, is also up. 47 00:02:57,899 --> 00:03:01,899 We've got over 10,000 homes for sale, which is a huge 48 00:03:02,019 --> 00:03:06,439 25% spike from the pre-pandemic levels, uh, from 49 00:03:06,539 --> 00:03:07,319 COVID. So, 50 00:03:08,699 --> 00:03:11,359 you know, a big part of that, like I talked about, was interest rates. 51 00:03:11,359 --> 00:03:15,259 They're sticking around 6.7% or so for a 30-year mortgage, 52 00:03:15,859 --> 00:03:19,919 and buyers are pickier now, and it's definitely leaning toward a buyer's market. 53 00:03:19,919 --> 00:03:22,259 I'd say we- we're really actually in a buyer's market. 54 00:03:22,879 --> 00:03:25,979 And so what does that mean for you? You know, if you're listening, 55 00:03:26,639 --> 00:03:31,519 or- or, I'm sorry, if you're- you're listing the house traditionally with an agent, you might wait 56 00:03:31,579 --> 00:03:35,359 longer and drop your price to get a buyer and get the house sold, right? 57 00:03:35,919 --> 00:03:39,019 Market values are softening. Not crashing, just leveling off. 58 00:03:39,519 --> 00:03:43,159 Uh, Zillow is even predicting a further 1.7% dip by 59 00:03:43,219 --> 00:03:45,859 mid-2025 of this year. 60 00:03:46,499 --> 00:03:47,319 And, uh, 61 00:03:48,659 --> 00:03:50,659 so you might be asking, "Is it a bad time to sell? 62 00:03:50,659 --> 00:03:51,499 Should I wait?" 63 00:03:52,259 --> 00:03:53,819 You know, if- if you're in a pinch, 64 00:03:55,039 --> 00:03:59,759 I say that, no, it's always a good time to sell, because if (laughs) you're in a pinch, waiting and hoping 65 00:03:59,779 --> 00:04:02,779 that things are gonna get better i- is not gonna happen overnight. 66 00:04:02,799 --> 00:04:07,619 You might be waiting a quite a long time, actually, for this one, to really, to- to be getting a lot 67 00:04:07,699 --> 00:04:11,299 better. So let's- let's go ahead and get into that right now. 68 00:04:12,399 --> 00:04:16,679 And here's the thing. Real estate trends don't matter as much as- when life hits you hard. 69 00:04:17,079 --> 00:04:21,539 You know, face it. If you're facing foreclosure, behind on payments, if you inherited a house you don't 70 00:04:21,579 --> 00:04:23,919 want, or you got a fixer-upper you can't fix, 71 00:04:24,519 --> 00:04:27,619 just waiting, you know, is not gonna solve that problem. 72 00:04:28,079 --> 00:04:32,999 And I've seen it all, and I'll tell you this: it's always a good time to sell a house if you need out 73 00:04:33,019 --> 00:04:37,639 fast. Why? Because waiting for the perfect market's not gonna fix the situation, 74 00:04:38,259 --> 00:04:40,899 uh, but getting cash and moving on from it will. 75 00:04:41,379 --> 00:04:46,359 And so, you know, for example, foreclosure, Texas, when you're facing foreclosure, we 76 00:04:46,379 --> 00:04:51,259 just did the- an episode, uh, it was the last episode on the podcast, episode six, about, uh, 77 00:04:51,259 --> 00:04:52,399 avoiding foreclosure. You 78 00:04:53,039 --> 00:04:53,979 know, in Texas, 79 00:04:54,979 --> 00:04:59,439 you know, typically 21 days from the notice of default to auction, right? You don't have a whole lot of time. 80 00:04:59,439 --> 00:05:02,679 (laughs) And the market is not gonna improve that much in that amount of time. 81 00:05:03,319 --> 00:05:07,459 Uh, so you don't have time. You don't have months to list and pray that- that things work out. 82 00:05:08,059 --> 00:05:12,379 Uh, selling as is to a cash buyer like us at Danny Buys Houses, you know, is different. 83 00:05:12,379 --> 00:05:15,179 We can close in a week, three days if it's super urgent. 84 00:05:15,419 --> 00:05:20,339 You get to keep some of your equity, and then, uh, pay off the bank and dodge that wrecking ball of the 85 00:05:20,439 --> 00:05:21,939 foreclosure that's coming. So, 86 00:05:22,579 --> 00:05:24,799 uh, you know, maybe you inherited a house. 87 00:05:25,059 --> 00:05:29,999 Uh, we did an episode, episode, uh, five of the Danny Buys Houses podcast, and maybe 88 00:05:30,019 --> 00:05:31,919 you got a house that you inherited that's full of junk. 89 00:05:31,939 --> 00:05:36,519 Cleaning it out, fixing it up, dealing with probate, it's a nightmare. We buy houses as is. 90 00:05:37,059 --> 00:05:38,999 Probate or not, we can help you work through that. 91 00:05:39,079 --> 00:05:43,719 We talk a lot about that in that episode, so if you wanna find more about that, check out episode five 92 00:05:44,179 --> 00:05:48,959 of the Danny Buys Houses podcast. And, uh, you can really move past that. 93 00:05:48,959 --> 00:05:50,199 Just get it sold for cash. 94 00:05:50,879 --> 00:05:51,119 Um, 95 00:05:52,499 --> 00:05:56,619 let's say, you know, I- I wanna share sort of a- this situation. 96 00:05:56,619 --> 00:06:00,539 So I met a guy last month. Let- let's just call him Tony to protect his identity. 97 00:06:00,859 --> 00:06:02,819 He inherited a house close to downtown. 98 00:06:03,419 --> 00:06:08,199 Um, it was, a lot of the sewer line needed to be replaced, there were cracks in the drywall, 99 00:06:08,459 --> 00:06:09,719 uh, and his payments were late. 100 00:06:10,679 --> 00:06:12,659 Uh, he didn't have time for repairs and realtors. 101 00:06:13,259 --> 00:06:16,519 Uh, we checked it out, offered cash, and closed, uh, before it went to auction. 102 00:06:16,519 --> 00:06:19,539 He walked away with money in hand. That's the beauty of selling as is. 103 00:06:19,539 --> 00:06:23,079 It's fast, it's certain, and it fits your life and not the market's mood. 104 00:06:23,079 --> 00:06:27,099 So you're not waiting around for- for everything to- to kind of fall into place. 105 00:06:27,219 --> 00:06:31,919 You just take care of- of your situation by taking action and getting some offers. 106 00:06:32,139 --> 00:06:34,379 And we're not saying you have to sell to Danny Buys Houses, right? 107 00:06:34,399 --> 00:06:36,419 There's a lot of other cash house buyers out there. 108 00:06:36,719 --> 00:06:40,939 Obviously we'd love if you did, and we can help you if you wanna call us and just talk to us. 109 00:06:41,439 --> 00:06:46,259 Um, there's no cost for any offers, and no fees, so why not give us a shot, right? 110 00:06:46,919 --> 00:06:50,039 All right, so let's tackle, at this point, some listener questions. 111 00:06:50,039 --> 00:06:54,339 You sent 'em in, and, uh, I'm gonna answer some of these. So let's see. 112 00:06:55,059 --> 00:06:57,539 First up, "Danny, prices are dropping. 113 00:06:57,559 --> 00:07:01,159 Should I wait for them to climb again?" That's from Sarah in San Antonio. Hey, Sarah. 114 00:07:01,199 --> 00:07:04,539 If you got time, your house is in great shape, uh, waiting, 115 00:07:05,439 --> 00:07:10,119 uh, might pay off. Maybe a year or two if rates drop and demand spikes, but, you know, if- if 116 00:07:10,159 --> 00:07:14,419 that's- if you need cash now, or your place needs work, waiting's a gamble. 117 00:07:14,739 --> 00:07:17,599 You know, we buy houses as is, no waiting required. 118 00:07:17,599 --> 00:07:21,859 So if you wanna get a cash offer from us, seeing what it's like, uh, just reach out to us. 119 00:07:22,679 --> 00:07:27,539 All right, next letter here. "My house is a mess. 120 00:07:27,539 --> 00:07:29,259 Can I still sell fast?" 121 00:07:29,999 --> 00:07:32,319 From Juan in Converse. Hey, Juan. Yeah, absolutely. 122 00:07:32,319 --> 00:07:36,559 We don't- we don't care if it's a disaster, holes in the walls, um, you know, broken 123 00:07:36,759 --> 00:07:39,719 plumbing, clogged plumbing, whatever. We bought worse. 124 00:07:40,179 --> 00:07:44,959 Uh, you sell it as is and we'll fix it up later. Speeds our game. Cash in days if you sell to us. 125 00:07:44,959 --> 00:07:46,339 So just give us a try. 126 00:07:46,999 --> 00:07:50,079 Uh, let's see. Last one here. "Foreclosure is close. 127 00:07:50,399 --> 00:07:53,399 How fast can you move?" That's Chris in Leon Valley. 128 00:07:53,399 --> 00:07:58,219 Chris, um, like I mentioned before, we can close in three days if the clock is absolutely ticking and 129 00:07:58,219 --> 00:07:59,519 you're up against that, uh- 130 00:08:00,199 --> 00:08:01,999 uh, that- that foreclosure auction. 131 00:08:02,039 --> 00:08:06,079 Give us the details, how much you owe, auction date, and we'll hustle and see what we can do. 132 00:08:06,739 --> 00:08:10,765 Uh, and...We can help you try to get through this, so just contact us. 133 00:08:10,785 --> 00:08:11,005 We can 134 00:08:11,606 --> 00:08:16,525 and talk about it, and obviously like I said th- you know, as far as how fast we move, that's how fast we can. 135 00:08:16,526 --> 00:08:21,206 Typically, we wanna do more like seven days or 14 days to give you time to do things you need to do. 136 00:08:21,225 --> 00:08:24,485 But if- if you're up against that- that time crunch, we can help you out. 137 00:08:25,485 --> 00:08:26,126 All right. 138 00:08:27,206 --> 00:08:31,345 So how does it work? How does it ge- how does, you know, if you do contact us, what happens? 139 00:08:31,345 --> 00:08:33,706 And I like to cover that in every episode. It's pretty easy. 140 00:08:34,165 --> 00:08:38,626 Uh, if you head over to dannybuyshouses.com, you can find out about how it works by clicking on the How It 141 00:08:38,725 --> 00:08:43,445 Works link up there at the top. Uh, if you're ready to go, you can fill out that fast cash 142 00:08:43,486 --> 00:08:46,206 offer form on the homepage and on every other page. 143 00:08:46,786 --> 00:08:49,265 Uh, it only takes like two minutes, so it's real quick. 144 00:08:49,725 --> 00:08:54,446 Uh, once you fill out that one, you'll go to a longer form question that- uh, questionnaire that only 145 00:08:54,466 --> 00:08:58,625 takes, you know, maybe three to five minutes, and it just asks like what kind of repairs it needs and stuff 146 00:08:58,645 --> 00:08:59,125 like that, 147 00:08:59,885 --> 00:09:04,665 and saves us a lot of, uh, time for- for having to- to ask those questions on the 148 00:09:04,665 --> 00:09:09,545 phone. We have kind of the details we need so that we can- uh, when we do contact you, we're just 149 00:09:09,565 --> 00:09:11,725 kinda setting up that appointment to come check it out. 150 00:09:12,565 --> 00:09:14,065 And when we go visit the place, 151 00:09:14,865 --> 00:09:19,285 you know, it's just a quick look. There's no judgment about, you know, the state of the house, uh, how clean 152 00:09:19,345 --> 00:09:21,065 it is, all that kinda stuff. We're not- we don't care. 153 00:09:21,385 --> 00:09:26,305 We're really just looking at what we're gonna need to do to get that place fixed up and either rent it out or 154 00:09:26,705 --> 00:09:31,525 sold when we go to do that. So we're just determining what is it gonna cost us to make these 155 00:09:31,545 --> 00:09:34,125 repairs, and then we can make you a cash offer. 156 00:09:34,465 --> 00:09:36,965 Usually it's right there on the spot after we walk through the house. 157 00:09:37,245 --> 00:09:42,185 That walkthrough might take 15, 30 minutes tops, and- uh, and then we can make you a- a 158 00:09:42,245 --> 00:09:46,105 no obligation cash offer. If you like it, we can sign a purchase agreement. 159 00:09:46,105 --> 00:09:48,885 If you don't, you know, it's no problem. We don't have to do anything. 160 00:09:48,885 --> 00:09:51,465 We can just leave and- uh, and talk about it later. 161 00:09:51,545 --> 00:09:51,705 So 162 00:09:52,505 --> 00:09:56,605 I apologize for the dings here. We're getting some information here through the- the website. 163 00:09:57,425 --> 00:09:59,305 Wish I could pause that there, but um... 164 00:10:00,825 --> 00:10:01,925 All right. So, 165 00:10:03,885 --> 00:10:07,845 uh, and then, you know, if you agree, we sign that purchase agreement. That goes to a title company. 166 00:10:07,845 --> 00:10:12,765 The title company does the paperwork necessary, and- uh, we set up a closing date once that's 167 00:10:12,765 --> 00:10:17,485 ready. And once- once we sign, once you sign, you get a check from the title company, and everything's 168 00:10:17,505 --> 00:10:20,745 done. So there's- there's really no paperwork that you have to do. 169 00:10:21,645 --> 00:10:25,625 That title company does it. If they need something specific, they'll reach out to you and- and get that 170 00:10:25,765 --> 00:10:30,465 piece of information. But typically, uh, you know, the- the information about the deed and stuff like that 171 00:10:30,485 --> 00:10:34,985 is all public record, so they- they have access to it. And so it's pretty simple really. 172 00:10:35,045 --> 00:10:40,005 People are- are surprised at, uh, how easy it is to- to really get through that closing. 173 00:10:40,625 --> 00:10:41,465 All right. So, 174 00:10:42,685 --> 00:10:44,745 you know, I know selling a house is a big deal. 175 00:10:44,885 --> 00:10:45,565 Um, I don't- 176 00:10:46,485 --> 00:10:50,025 I don't mean to make it seem like it's not, and- uh, you know, it's more of the 177 00:10:50,765 --> 00:10:55,105 uncertainty of knowing how things work out. And so if you have questions, by all means give us a call. 178 00:10:55,105 --> 00:10:58,925 We can walk you through exactly what happens in- in more detail to help you out. 179 00:10:59,605 --> 00:11:00,605 So if you're, 180 00:11:01,245 --> 00:11:04,685 you know, right there, you're thinking, "Hey, you know, I gotta- you know, I should probably sell this 181 00:11:04,725 --> 00:11:09,545 house. Prices are dropping." And um, you know, you're- maybe you're stuck in a tough spot 182 00:11:09,585 --> 00:11:11,745 like foreclosure, you know, give us a call. 183 00:11:11,765 --> 00:11:13,545 We love helping people out move fast, 184 00:11:14,485 --> 00:11:17,845 uh, pa- and get you past the- these current life obstacles that you have. 185 00:11:17,845 --> 00:11:20,705 So reach out to us at dannybuyshouses.com or give us a call 186 00:11:20,825 --> 00:11:25,665 210-881-7707. And San Antonio's 187 00:11:25,705 --> 00:11:28,565 market might be cooling, but your life doesn't wait. 188 00:11:29,385 --> 00:11:33,705 You know, if you want, picture this. No more stress, no more bills piling up, just cash and a clean slate so 189 00:11:33,705 --> 00:11:38,525 you can move on. All you gotta do is visit our website, check us out, and- uh, give us a call if you'd 190 00:11:38,545 --> 00:11:41,885 like to. Uh, we're here for you. Thanks for listening everyone. 191 00:11:42,305 --> 00:11:47,065 Share this with a friend who's thinking of selling, and- uh, next episode we're gonna dive into 192 00:11:47,145 --> 00:11:49,925 selling a house due to divorce. Now you don't wanna miss that. 193 00:11:50,505 --> 00:11:53,505 Uh, if you or somebody you know is going through that right now. 194 00:11:54,085 --> 00:11:58,265 Uh, this is Danny Johnson from Danny Buys Houses saying take care and sell smart. 195 00:11:58,605 --> 00:11:59,485 Catch you next time.