Wednesday, November 13, 2013

Should You Sell Your San Antonio Home Now Or Just Celebrate During The 2013 Holiday Season


 
VERSUS

 SO, DO YOU SELL OR JUST CELEBRATE?

It's the Thanksgiving and Christmas holiday season 2013 in San Antonio. 

Late fall/early winter holiday season is an inconvenient time to market a home for most sellers, consequenty, prospective sellers who can affort to wait, usually opt to list after the holidays.

So, why should this year be different? 

Here are the reasons anyone who can list his or her home for sale now shouldn't wait until after the holidays.

First, in November 2013, the San Antonio area residential realty market is currently exceptionally active for the late fall home selling season. 

Second, the inventory of homes for sale is presently very very low.  There's only a 3.3 month supply of homes on the market that aren't currently under contract.  Buyers are out there looking but finding few available homes to choose from.

Third, because there are so many buyers looking at so few homes for sale, the market is frustrating buyers and favoring sellers.

Fourth, it's likely the majority of prospective sellers now waiting out the holidays will dump their homes on the market soon after the first of next year.

So, our recommendation is for prospective home sellers to get ahead of the crowd now instead of waiting for a time when there will be more homes on the market and competition for buyers will have become fierce.

We know how to best market your residential property. For the best home selling advice and assistance, visit our website at sanantoniohomequest.com  or call Stephanie Kelley at (210) 867-8743 or Randy Kelley at (210) 863-2661.   

Stephanie & Randy Kelley
Realtors®
sanantoniohomequest.com
Keller Williams Lecacy
San Antonio, Texas 78258
Steven Gragg Broker

Tuesday, November 12, 2013

16 November 2012 San Antonio Mortgage Rates Jump

Texas Purchase & Refinance Mortgage Rates

If you're looking for reliable help buying or selling a San Antonio, Texas, area home, visit 

Now here is the 16 November 2013 residential mortgage rate news from Mike Clover at Homewood Mortgage, LLC.

There was a Big Rate Jump after Fridays job report. I believe the numbers are skewed and we will see some rebound in the upcoming weeks. Most banks are at 4.5% currently or higher.

You'll be happy with these low residential mortgage rates and low fee loans at Homewood Mortgage.  Also let your friends and family know that we will beat any deal on rates, fees and service.

We are from Texas, We are operated in Texas, and We are Texas Strong! 

All loans close on-time and within 30 Days or less.

Refinance Rates & Purchase Rates could be lower.  Call me to discuss. 

30 yr Conventional 4.375% - 0 Discount Points - 0 Origination
15 yr Conventional 3.375% - 0 Discount Points - 0 Origination
20 yr Conventional 4.25% - 0 Discount Points - 0 Origination
10 yr Conventional 3.5% - 0 Discount Points - 0 Origination
30 yr FHA 3.75% - 0 Discount Points - 0 Origination
15 yr FHA 3.25% - 0 Discount Points - 0 Origination
30 yr USDA 4.25% - 0 Discount Points - 0 Origination
30 yr VA 3.75% - 0 Discount Points - 0 Origination
15 yr VA 3.25% - 0 Discount Points - 0 Origination
Jumbo 30 yr Fixed 4.625% - 0 Discount Points - 0 Origination
Jumbo 15 yr Fixed 4.0% - 0 Discounts Points - 0 Origination
Jumbo 7/1 ARM 3.75% - 0 Discount Points - 0 Origination
Jumbo 5/1 ARM 3.25% - 0 Discount Points - 0 Origination
  
Your Locally Owned and Operated Texas Mortgage Banker. 

* These rates are based on a estimated loan amount of $241,250 or above and roughly 4.426% to 5.649% APR depending on loan program. Rates are also subject to change without notice. FHA requires 3.5% down. Conventional requires 5% down. Jumbo requires 20% down up to $1Million. Jumbo APR is estimated 4.639% Some rates are based on a 740 credit score or higher. Some loans require lower LTV, call for details.
Services Provided:
  • FHA
  • VA
  • USDA
  • Construction Loans
  • Conventional
  • Jumbo
  • Down Payment Assistance Programs
Our Commitment to You:
  • On-Time Closings
  • Excellent Communication
  • Call's Returned Promptly
  • Phone Calls answered on Weekends
  • Good Interest Rates for your Clients
  • Reasonable Closing Costs
  • 24/7 On-Line Applications @ www.mikeclover.com


Mike Clover
Mortgage Banker
Homewood Mortgage, LLC
Toll FREE: 1-800-223-7409
O: 469-438-5587
F: 972-767-4370
NMLS# 234770


Call for Super Service!!

Saturday, November 09, 2013

San Antonio Texas Mortgage Rates For 6 November 2012

If you're looking to buy or sell a San Antonio, Texas, area home, visit 
Here are the 6 October 2013 home purchase and  refinance mortgage rates from Mike Clover, Mortgage Banker at Homewood Mortgage, LLC.
You'll be happy with these low rate and low fee mortgage loans.  Let your friends and family know that we will beat any deal on rates, fees and service.
We are from Texas, we are operated in Texas, and we are Texas strong! 
All loans close on-time and within 30 Days or less.
Refinance Rates & Purchase Rates could be lower... have your clients call me to discuss. 
30 yr Conventional 4.125% - 0 Discount Points - 0 Origination
15 yr Conventional 3.25% - 0 Discount Points - 0 Origination
20 yr Conventional 4.125% - 0 Discount Points - 0 Origination
10 yr Conventional 3.375% - 0 Discount Points - 0 Origination
30 yr FHA 3.75% - 0 Discount Points - 0 Origination
15 yr FHA 3.25% - 0 Discount Points - 0 Origination
30 yr USDA 4.125% - 0 Discount Points - 0 Origination
30 yr VA 3.75% - 0 Discount Points - 0 Origination
15 yr VA 3.25% - 0 Discount Points - 0 Origination
Jumbo 30 yr Fixed 4.5% - 0 Discount Points - 0 Origination
Jumbo 15 yr Fixed 4.0% - 0 Discounts Points - 0 Origination
Jumbo 7/1 ARM 3.75% - 0 Discount Points - 0 Origination
Jumbo 5/1 ARM 3.25% - 0 Discount Points - 0 Origination 
  
We are your locally owned and operated Texas mortgage banker! 
* These rates are based on a estimated loan amount of $241,250 or above and roughly 4.17% to 5.809% APR depending on loan program. Rates are also subject to change without notice. FHA requires 3.5% down. Conventional requires 5% down. Jumbo requires 20% down up to $1Million. Jumbo APR is estimated 4.665% Some rates are based on a 740 credit score or higher. Some loans require lower LTV, call for details.
Services Provided:
  • FHA
  • VA
  • USDA
  • Construction Loans
  • Conventional
  • Jumbo
  • Down Payment Assistance Programs
Our Commitment to You:
  • On-Time Closings
  • Excellent Communication
  • Call's Returned Promptly
  • Phone Calls answered on Weekends
  • Good Interest Rates for your Clients
  • Reasonable Closing Costs
  • 24/7 On-Line Applications @ www.mikeclover.com
     
Mike Clover
Mortgage Banker
Homewood Mortgage, LLC
Toll FREE: 1-800-223-7409
O: 469-438-5587
F: 972-767-4370
NMLS# 234770
Call for Super Service!!

Thursday, November 07, 2013

2013 Texas Deer Season Finds Prime Rocksprings & Edwards County, Texas, Hunting Land For Sale

It's the 2013 hunting season in Edwards County, Texas.  Latest reports indicate hunters are finding an abundance of healthy native and exotic game on the ranches in the vicinity of Rocksprings.  If you're looking for prime Rocksprings and Edwards County hunting land  for your personal use and/or as a hunting lease investment, then see this listing at sanantoniohomequest.com or call Stephanie at (210) 867-9743 or Randy at (210) 863-2661.

$124,999

for approximately 53 acres with recent vintage travel trailer, electricity and water, 2 acres of cleared firing lanes, watering trough on site & feeding stations nearby for this year's hunting season.

Address:Diamond Springs Ranch
City/ST:Rocksprings,TX
Zip Code:78299
Location:Lot 160 & 199B, CR 230
Property Type:Hunting Land
New or Resale:Resale
MLS#1000656
Property Tax:1550
Last Updated:11/3/2013 1:49:28 PM
Listing Agent and Office:Stephanie Kelley, Keller Williams Legacy



Extra Photo photo, Diamond Springs Ranch, Rocksprings, TX, 78299.

Extra Photo photo, Diamond Springs Ranch, Rocksprings, TX, 78299.

Sunday, November 03, 2013

November 2013 San Antonio, Texas, Residential Real Estate Market Report

 
It's autumn in South Texas. Bright beautiful days, balmy afternoons, and cooler nights herald the approaching holiday season. Residents and tourists are out and about, delighting in San Antonio's most pleasant season.
Typically, San Antonio's residential realty market also cools significantly during the fall and early winter months, however, this year, realty sales are exceptionally strong for early November and are projected to continue at a slower but still unusually brisk pace during the remainder of 2013.

In fact, this year has seen a continuation of the highly favorable home sales trend that started in the fall of 2012. Driven by low mortgage interest rates, the area's booming economy, and an influx of residential investor buyers, calendar year 2013's Alamo City area home sales record will likely come close to matching the historically high number of sales seen in 2006 and 2007.

Until recently, buyer demand has exceeded the inventory of new and resale homes and, until late summer, the home supply/demand imbalance caused both list and sale prices to rise unusually fast and the average time to sell a home to steadily fall. Now, because of the slightly slower fall selling season, those trends have stabilized.

Nonetheless, there may be significant changes in the wind. San Antonio has seen a very strong home seller's market for many months, however some realty analysts see the coming of a more balanced market for the San Antonio area in 2014. Why? It appears that the recent dramatic inflation of San Antonio home sale prices is driving too many prospective home buyers out of the market. Consequently, in the coming months, as home affordability decreases, demand will also decrease, thereby driving down sales, upping inventory and, ultimately, causing list and sales prices to fall. Only time will tell if the analysts' predictions will come true. We should know by mid-summer of next year.

That's for the future. For the time being, San Antonio home sellers hold the advantage, as shown by these key indicators for San Antonio's single family detached home sales market as of 4 November 2013:

There are 8642 homes for sale compared to 9396 one year ago. The inventory is very low but stable. The low inventory is a favorable sign for home sellers.

The average sales price for the most recent closings is $207,950, compared to last year's $199,544. That's a 4.21% average price increase and is much lower than the percentage increases seen during recent months. Although still favoring sellers, it might give prospective buyers some hope that home prices are moderating.

Average cumulative-days-on-the-market (CDOM) for the most recent sales is 90 compared to 121 days last year. CDOM data is positive for San Antonio home sellers.

That's all for our November 2013 San Antonio residential realty market report. We encourage reader comments and recommendations about how to make our reports more informative and useful.

Wishing you a peaceful Veterans Day holiday and happy Thanksgiving, we are Stephanie and Randy Kelley, Realtors ® at Keller Williams Legacy, San Antonio. If you have questions, need San Antonio area realty or mortgage advice or assistance, or just want to learn more about our wonderful Alamo City, call
(210) 863-2661 or (210) 867-8743. Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.