The Seller's Disclosure is a state law requirement. Its purpose is to have the seller tell prospective buyers specified things the seller knows about the property.
Real estate agents are barred by law from helping or even advising the seller about filling out the form. The intent is to keep everyone out of the seller's disclosure preparation process except the person who knows most about the property and that's the seller.
Sometimes the seller will revealed some property defects. Undoubtedly, there will be other unknown defects. There always are - even in newly constructed homes. That's why, when buying a resale home, it's advisable to negotiate for an option period, to get the property professionally inspected during the option period, and to negotiate with the seller for repairs when repairs are called for.
We’re Stephanie and Randy Kelley, Realtors® at Keller Williams Legacy, San Antonio, Texas. If you have questions, need San Antonio realty or mortgage loan advice or assistance, or just want to chat a bit about our wonderful Alamo City, please call us at (210) 863-2661 or (210) 867-8743, or E-mail us at swkrealtor@aol.com or kelleybus@aol.com. Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.
Friday, July 15, 2011
Friday, July 08, 2011
July 2011 San Antonio Realty Market Report
The second week in July is typically San Antonio's realty market yearly high point. Many pending sales will close within the next 30 days. Uncommitted buyers with school age children must rush to find the right home in order to able to close on their purchase or at least be under a binding contract before school starts.
Many factors are converging to make this year’s San Antonio's realty market interesting. The local economy is strong, population growth is high and, after being relatively flat for many months, home values in most neighborhoods are gradually rising.
Many factors are converging to make this year’s San Antonio's realty market interesting. The local economy is strong, population growth is high and, after being relatively flat for many months, home values in most neighborhoods are gradually rising.
Home sellers have responded accordingly as evidenced by a gradual upward creep in the asking price for homes for sale.
Buyer response has been fair to good so far, especially for moderately to lower priced homes and for luxury grade housing.
It's difficult to reach conclusions as to the long term market trends, but, in the short term, it's clear San Antonio's current home sales market parallels last year’s relatively tepid market. Basically, it’s not unhealthy, but significantly less than vibrant.
For those who love stats, here are the key indicators for San Antonio's single family detached home listings as of 8 July 2011.
Buyer response has been fair to good so far, especially for moderately to lower priced homes and for luxury grade housing.
It's difficult to reach conclusions as to the long term market trends, but, in the short term, it's clear San Antonio's current home sales market parallels last year’s relatively tepid market. Basically, it’s not unhealthy, but significantly less than vibrant.
For those who love stats, here are the key indicators for San Antonio's single family detached home listings as of 8 July 2011.
There are 12,094 active listings, compared to 12,891 one year ago. The inventory is slowly decreasing. That's a good sign for home sellers.
The average sales price for the most recent closings is $193,883, compared to last year's $190,763. This increase in average sales price, although small, is another good sign for sellers.
Average cumulative-days-on-the-market (CDOM) for the most recent sales is 133 compared to 122 last year. In 2010, CDOM dropped fast during the Federal Tax credit home buying frenzy, then rose quickly when that program expired. It remains to be seen if cumulative market time will improve, but a slight downward trend is possible in the short term. For the time being, CDOM data is positive for San Antonio home buyers.
Industry analysts see these data as reflecting a housing market drifting toward balanced conditions. That means the market neither favors buyers nor sellers.
That's all for our July 2011 San Antonio realty market report. We encourage reader comments and recommendations about how to make our reports more informative and useful.We're Stephanie and Randy Kelley, Realtors® of Keller Williams Legacy, San Antonio, Texas. If you have questions, need San Antonio realty or mortgage loan advice or assistance, or just want to chat a bit about the wonderful Alamo City, please call us at (210) 863-2661 or (210) 867-8743, or E-mail us at swkrealtor@aol.com or kelleybus@aol.com. Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying and selling needs.
Sunday, July 03, 2011
San Antonio Area Fourth Of July Events
SAN ANTONIO AREA FOURTH OF JULY EVENTS
Schertz 4th Of July Jubilee - July 1-4 @ Pickrell Park, Schertz
www.schertz.com/?page_id=2284
July 4th Arts & Crafts Show - July 1-4 on the Riverwalk www.thesanantonioriverwalk.com
Ringling Bros. & Barnum & Bailey Circus - July 1-4 in the Alamo Dome www.alamodome.com
Annual Freedom Fiesta - July 2 @ Central Park in Downtown Seguin www.freedomfiesta.com
4th of July Jazz Explosion - July 2 100 @ W. Houston, 21st Floor of Frost Bank Tower www.cooljazzforever.com
4th of July Celebration - July 2-4 in the Market Square www.marketsquaresa.com
Seaworld 4th of July Fireworks Picnic - July 2-4 @ Seaworld www.seaworld.com
Lights of Liberty - July 3-4 @ Six Flags Fiesta Texas www.sixflags.com/fiestatexas
Summerfest San Marcos Celebration - July 4 in San Marcos Plaza, 232 W. CM Allen Pkwy www.summerfestsanmarcos.com
4th of July Celebration at Woodlawn Park - July 4 Woodlawn Lake Park www.saparksfoundation.org/fourth_of_july.html
Looking to buy or sell a San Antonio area home? Visit us at http://sanantoniohomequest.com
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