Episode Transcript
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(00:07):
Hello, and welcome to the Danny Buys Housespodcast.
I'm your host, Danny Johnson, owner and founder ofDanny Buys Houses in San Antonio, Texas.
Danny Buys Houses is a cash house buying companythat buys houses as is and super fast.
We've been doing it for 20 years. We've got a goodfeel for what the market is always doing here in
San Antonio. I know there's been a lot of changelately, and you're probably wondering, "What is
the
(00:29):
current real estate market in San Antonio like,and is now a good time to sell my house?"
Uh, you know, especially if you wanna sell yourhouse as is and for cash, you're in the right
spot.
Today, we're gonna be digging into San Antonio'sreal estate trends, current trends.
And I'm gonna break down what's happening in ourmarket, and why it's always a good time to sell if
life's
pushing you to move fast.
(00:50):
And we're gonna get to some listener questionsthat I received, uh, in this episode as well.
So stick around,
and I will also show you how to get started, uh,to get a cash offer for your house, if that's what
you're interested in. All right, so let's talkabout the San Antonio housing market.
I've been buying houses here for over 20 years,and I can tell you, it's shifting.
Back in 2022, we had a red-hot seller's market.
(01:13):
Houses flew off the market within a couple weeks,sometimes days, and buyers were throwing
offers over asking price like it was a biddingwar,
um, all the time. So it was just, like, superstrong market, uh, you know, interest rates were
really low, and, uh, you know, they werethreatening to be raised, and so everybody was
like,
"I better act now. I better buy a house." And soit created this market that was super, super great
for
(01:36):
sellers, and, uh, you know, buyers were having topay quite a bit to be able to get the houses
that they wanted.
Uh,
so that- that's what was going on then.
So things have changed a little bit though, right,uh, in the last couple years.
Home appreciation,
uh, rates have gone through the roof.
Values jumped over 50% in some spots from 2018 to2023.
(01:57):
And, uh, real estate demand was just crazy thenand, you know, it's created,
you know, uh,
a situation where houses
have gotten to be expensive, right? With theinterest rates climbing, you know, they're-
they're higher
now
and the property taxes and insurance rates havegone up quite a bit, so everybody's monthly
payment on these houses has gone through the roofand it's created a- a big
(02:22):
cooldown in the market.
All right? So,
you know, right now, as of April 2025, thingshave- have cooled dramatically, and
the latest numbers show that homes are sitting onthe market a lot longer, about, uh, I think the
average is,
like, 74 days, up from, like, 59 last year, Ithink it was.
Which is quite a big jump, and, you know,especially being the average.
(02:43):
The median home prices have also changed.
That's down, actually, close to 4% since lastyear, um, hovering around
$250,000 for San Antonio, Texas.
And the inventory, you can imagine, is also up.
We've got over 10,000 homes for sale, which is ahuge
25% spike from the pre-pandemic levels, uh, from
(03:06):
COVID. So,
you know, a big part of that, like I talked about,was interest rates.
They're sticking around 6.7% or so for a 30-yearmortgage,
and buyers are pickier now, and it's definitelyleaning toward a buyer's market.
I'd say we- we're really actually in a buyer'smarket.
And so what does that mean for you? You know, ifyou're listening,
(03:26):
or- or, I'm sorry, if you're- you're listing thehouse traditionally with an agent, you might wait
longer and drop your price to get a buyer and getthe house sold, right?
Market values are softening. Not crashing, justleveling off.
Uh, Zillow is even predicting a further 1.7% dipby
mid-2025 of this year.
And, uh,
(03:48):
so you might be asking, "Is it a bad time to sell?
Should I wait?"
You know, if- if you're in a pinch,
I say that, no, it's always a good time to sell,because if (laughs) you're in a pinch, waiting and
hoping
that things are gonna get better i- is not gonnahappen overnight.
You might be waiting a quite a long time,actually, for this one, to really, to- to be
getting a lot
better. So let's- let's go ahead and get into thatright now.
(04:12):
And here's the thing. Real estate trends don'tmatter as much as- when life hits you hard.
You know, face it. If you're facing foreclosure,behind on payments, if you inherited a house you
don't
want, or you got a fixer-upper you can't fix,
just waiting, you know, is not gonna solve thatproblem.
And I've seen it all, and I'll tell you this (04:28):
it's
always a good time to sell a house if you need out
fast. Why? Because waiting for the perfectmarket's not gonna fix the situation,
uh, but getting cash and moving on from it will.
And so, you know, for example, foreclosure, Texas,when you're facing foreclosure, we
just did the- an episode, uh, it was the lastepisode on the podcast, episode six, about, uh,
(04:51):
avoiding foreclosure. You
know, in Texas,
you know, typically 21 days from the notice ofdefault to auction, right? You don't have a whole
lot of time.
(laughs) And the market is not gonna improve thatmuch in that amount of time.
Uh, so you don't have time. You don't have monthsto list and pray that- that things work out.
Uh, selling as is to a cash buyer like us at DannyBuys Houses, you know, is different.
(05:12):
We can close in a week, three days if it's superurgent.
You get to keep some of your equity, and then, uh,pay off the bank and dodge that wrecking ball of
the
foreclosure that's coming. So,
uh, you know, maybe you inherited a house.
Uh, we did an episode, episode, uh, five of theDanny Buys Houses podcast, and maybe
you got a house that you inherited that's full ofjunk.
Cleaning it out, fixing it up, dealing withprobate, it's a nightmare. We buy houses as is.
(05:37):
Probate or not, we can help you work through that.
We talk a lot about that in that episode, so ifyou wanna find more about that, check out episode
five
of the Danny Buys Houses podcast. And, uh, you canreally move past that.
Just get it sold for cash.
Um,
let's say, you know, I- I wanna share sort of a-this situation.
So I met a guy last month. Let- let's just callhim Tony to protect his identity.
(06:00):
He inherited a house close to downtown.
Um, it was, a lot of the sewer line needed to bereplaced, there were cracks in the drywall,
uh, and his payments were late.
Uh, he didn't have time for repairs and realtors.
Uh, we checked it out, offered cash, and closed,uh, before it went to auction.
He walked away with money in hand. That's thebeauty of selling as is.
It's fast, it's certain, and it fits your life andnot the market's mood.
(06:23):
So you're not waiting around for- for everythingto- to kind of fall into place.
You just take care of- of your situation by takingaction and getting some offers.
And we're not saying you have to sell to DannyBuys Houses, right?
There's a lot of other cash house buyers outthere.
Obviously we'd love if you did, and we can helpyou if you wanna call us and just talk to us.
Um, there's no cost for any offers, and no fees,so why not give us a shot, right?
(06:46):
All right, so let's tackle, at this point, somelistener questions.
You sent 'em in, and, uh, I'm gonna answer some ofthese. So let's see.
First up, "Danny, prices are dropping.
Should I wait for them to climb again?" That'sfrom Sarah in San Antonio. Hey, Sarah.
If you got time, your house is in great shape, uh,waiting,
uh, might pay off. Maybe a year or two if ratesdrop and demand spikes, but, you know, if- if
(07:10):
that's- if you need cash now, or your place needswork, waiting's a gamble.
You know, we buy houses as is, no waitingrequired.
So if you wanna get a cash offer from us, seeingwhat it's like, uh, just reach out to us.
All right, next letter here. "My house is a mess.
Can I still sell fast?"
From Juan in Converse. Hey, Juan. Yeah,absolutely.
(07:32):
We don't- we don't care if it's a disaster, holesin the walls, um, you know, broken
plumbing, clogged plumbing, whatever. We boughtworse.
Uh, you sell it as is and we'll fix it up later.Speeds our game. Cash in days if you sell to us.
So just give us a try.
Uh, let's see. Last one here. "Foreclosure isclose.
How fast can you move?" That's Chris in LeonValley.
(07:53):
Chris, um, like I mentioned before, we can closein three days if the clock is absolutely ticking
and
you're up against that, uh-
uh, that- that foreclosure auction.
Give us the details, how much you owe, auctiondate, and we'll hustle and see what we can do.
Uh, and...We can help you try to get through this,so just contact us.
We can
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.
(08:16):
Typically, we wanna do more like seven days or 14days to give you time to do things you need to do.
But if- if you're up against that- that timecrunch, we can help you out.
All right.
So how does it work? How does it ge- how does, youknow, if you do contact us, what happens?
And I like to cover that in every episode. It'spretty easy.
Uh, if you head over to dannybuyshouses.com, youcan find out about how it works by clicking on the
How It
(08:38):
Works link up there at the top. Uh, if you'reready to go, you can fill out that fast cash
offer form on the homepage and on every otherpage.
Uh, it only takes like two minutes, so it's realquick.
Uh, once you fill out that one, you'll go to alonger form question that- uh, questionnaire that
only
takes, you know, maybe three to five minutes, andit just asks like what kind of repairs it needs
and stuff
like that,
(08:59):
and saves us a lot of, uh, time for- for havingto- to ask those questions on the
phone. We have kind of the details we need so thatwe can- uh, when we do contact you, we're just
kinda setting up that appointment to come check itout.
And when we go visit the place,
you know, it's just a quick look. There's nojudgment about, you know, the state of the house,
uh, how clean
it is, all that kinda stuff. We're not- we don'tcare.
(09:21):
We're really just looking at what we're gonna needto do to get that place fixed up and either rent
it out or
sold when we go to do that. So we're justdetermining what is it gonna cost us to make these
repairs, and then we can make you a cash offer.
Usually it's right there on the spot after we walkthrough the house.
That walkthrough might take 15, 30 minutes tops,and- uh, and then we can make you a- a
(09:42):
no obligation cash offer. If you like it, we cansign a purchase agreement.
If you don't, you know, it's no problem. We don'thave to do anything.
We can just leave and- uh, and talk about itlater.
So
I apologize for the dings here. We're getting someinformation here through the- the website.
Wish I could pause that there, but um...
All right. So,
(10:03):
uh, and then, you know, if you agree, we sign thatpurchase agreement. That goes to a title company.
The title company does the paperwork necessary,and- uh, we set up a closing date once that's
ready. And once- once we sign, once you sign, youget a check from the title company, and
everything's
done. So there's- there's really no paperwork thatyou have to do.
That title company does it. If they need somethingspecific, they'll reach out to you and- and get
that
(10:25):
piece of information. But typically, uh, you know,the- the information about the deed and stuff like
that
is all public record, so they- they have access toit. And so it's pretty simple really.
People are- are surprised at, uh, how easy it isto- to really get through that closing.
All right. So,
you know, I know selling a house is a big deal.
Um, I don't-
(10:46):
I don't mean to make it seem like it's not, and-uh, you know, it's more of the
uncertainty of knowing how things work out. And soif you have questions, by all means give us a
call.
We can walk you through exactly what happens in-in more detail to help you out.
So if you're,
you know, right there, you're thinking, "Hey, youknow, I gotta- you know, I should probably sell
this
house. Prices are dropping." And um, you know,you're- maybe you're stuck in a tough spot
(11:09):
like foreclosure, you know, give us a call.
We love helping people out move fast,
uh, pa- and get you past the- these current lifeobstacles that you have.
So reach out to us at dannybuyshouses.com or giveus a call
210-881-7707. And San Antonio's
market might be cooling, but your life doesn'twait.
You know, if you want, picture this. No morestress, no more bills piling up, just cash and a
clean slate so
(11:33):
you can move on. All you gotta do is visit ourwebsite, check us out, and- uh, give us a call if
you'd
like to. Uh, we're here for you. Thanks forlistening everyone.
Share this with a friend who's thinking ofselling, and- uh, next episode we're gonna dive
into
selling a house due to divorce. Now you don'twanna miss that.
Uh, if you or somebody you know is going throughthat right now.
(11:54):
Uh, this is Danny Johnson from Danny Buys Housessaying take care and sell smart.
Catch you next time.