Folks, this is serious.
If you qualify for the up to $8000 tax credit for first time home buyers (including buyers not owning a home in the last 3 years), you’ve just about run out of the time needed to buy a resale home and there’s no way you’re going to have a new home constructed before the 30 November deadline.
In San Antonio, from start to finish, it takes the average first time home buyer about 8 weeks to do everything necessary to buy a home. There are only about 9 weeks left before 30 November, however, the Thanksgiving holiday is projected to rule out the last week in November as a closing week for anyone who hasn’t completed a home purchase contract by now. So, that leaves only 8 weeks to go for a process that usually takes 8 weeks.
Here’s the message. If you’re eligible, you’re going to lose your chance for the up to $8,000 federal tax credit if you don’t start seriously looking for a home right away.
You need to make your home search as efficient as possible. Call a lender and get mortgage loan prequalified. Seek out an experienced realty buyers agent to lead you through the process. Have your agent set up an automated MLS search that automatically E-mails you the freshest listings matching your needs. If a listing looks interested, don’t wait. Ask your agent to set up a viewing for you right away.
Our SanAntonioHomeQuest.com Realty Solutions Team is ready to help. We are Stephanie and Randy Kelley, Keller Williams Legacy. Call us at (210) 863-2661 or (210) 867-8743. E-mail us at swkrealtor@aol.com or kelleybus@aol.com.
Thursday, September 24, 2009
Wednesday, September 23, 2009
68 Days Left For San Antonio Home Buyer $8000 Federal Tax Credit
If you’re a first time home buyer or haven’t owned a home in the last 3 years, you qualify for the up to $8000 Federal tax credit program; but, unless the program is extended by Congress, you must close on your purchase by November 30, 2009, to reap the benefit.
It’s September 23. That leaves only 68 days to find a home, negotiate the purchase, arrange funding, and close on the sale; but, keep in mind that many title companies and lender offices will be closed for the long Thanksgiving holiday weekend. That leaves only 63 days to do all that’s necessary to purchase a resale home. And, if you hope to have a home built for you, there’s no chance to complete construction before the 30 November tax credit deadline.
Don’t risk your tax credit by waiting until the last minute to launch your home search. Do it now!
We are here to make your home purchase as effective and efficient as possible.
We’re Stephanie and Randy Kelley, Realtors(R) at Keller Williams Legacy. Or goal is to make your realty dreams reality. We help you buy the best house, in the best neighborhood, at the best price, and under conditions most favorable to you.
You can contact us at (210) 863-2661 or (210) 867-8743 or (800) 201-9145. You can visit us at SanAntonioHomeQuest.com and E-mail us at kelleybus@aol.com or swkrealtor@aol.com.
It’s September 23. That leaves only 68 days to find a home, negotiate the purchase, arrange funding, and close on the sale; but, keep in mind that many title companies and lender offices will be closed for the long Thanksgiving holiday weekend. That leaves only 63 days to do all that’s necessary to purchase a resale home. And, if you hope to have a home built for you, there’s no chance to complete construction before the 30 November tax credit deadline.
Don’t risk your tax credit by waiting until the last minute to launch your home search. Do it now!
We are here to make your home purchase as effective and efficient as possible.
We’re Stephanie and Randy Kelley, Realtors(R) at Keller Williams Legacy. Or goal is to make your realty dreams reality. We help you buy the best house, in the best neighborhood, at the best price, and under conditions most favorable to you.
You can contact us at (210) 863-2661 or (210) 867-8743 or (800) 201-9145. You can visit us at SanAntonioHomeQuest.com and E-mail us at kelleybus@aol.com or swkrealtor@aol.com.
Sunday, September 20, 2009
Home Values Near Randolph AFB
If you plan to buy a home near Randolph AFB, keep these facts in mind:
Within relatively easy commute distance are some of the most popular and contemporary communities right beside much older & poorly maintained communities. Home prices will naturally vary accordingly.
Keep school district quality in mind, even if you don’t have school age children. School district quality is always an important factor for your home’s popularity if you decide to sell it.
Northeast, Schertz-Cibolo-Universal City, and Comal Independent School Districts tend to have higher ratings than Judson Independent School District. Judson ISD is known as an athletic, but not necessarily academic, power house. Northeast ISD is usually recognized as the highest rated school district in the area.
It’s easy to check out school rankings. Go here for school reports: SanAntonioHomeQuest.com click “Schools In San Antonio” under the yellow “Top Rated Schools” report sign on the right hand side of the home screen.
Market Snapshot is the ultimate source for San Antonio home values by ZIP code.
Check ZIP codes 78259, 78258, 78260, and 78261 for the Northeast Independent School District home values.
Check ZIP codes 78154, 78108 and 78109 for Schertz-Cibolo-Universal City Independent District home values.
Check ZIP code 78109 for Judson Independent School District home values.
Average home sale prices in the Randolph AFB commute area average approximately $200,000, but range from approximately $40,000 for older homes to $850,000 for some newly constructed homes.
To find out what’s going on in the real estate market in the Randolph AFB ara neighborhood where you live or where you want to live, Market Snapshot will keep you updated with the latest information! Click below to set up your Market Snapshot. Scroll down to the enrollment form at the bottom of the page:
http://sanantoniohomequest.com/
Call Randy or Stephanie Kelley at Keller Williams Legacy if you have realty questions or need help with your Randolph AFB area realty needs. We are at (800) 201-9145, (210) 863-2661, and (210) 867-8743 or kelleybus@aol.com or swkrealtor@aol.com .
Within relatively easy commute distance are some of the most popular and contemporary communities right beside much older & poorly maintained communities. Home prices will naturally vary accordingly.
Keep school district quality in mind, even if you don’t have school age children. School district quality is always an important factor for your home’s popularity if you decide to sell it.
Northeast, Schertz-Cibolo-Universal City, and Comal Independent School Districts tend to have higher ratings than Judson Independent School District. Judson ISD is known as an athletic, but not necessarily academic, power house. Northeast ISD is usually recognized as the highest rated school district in the area.
It’s easy to check out school rankings. Go here for school reports: SanAntonioHomeQuest.com click “Schools In San Antonio” under the yellow “Top Rated Schools” report sign on the right hand side of the home screen.
Market Snapshot is the ultimate source for San Antonio home values by ZIP code.
Check ZIP codes 78259, 78258, 78260, and 78261 for the Northeast Independent School District home values.
Check ZIP codes 78154, 78108 and 78109 for Schertz-Cibolo-Universal City Independent District home values.
Check ZIP code 78109 for Judson Independent School District home values.
Average home sale prices in the Randolph AFB commute area average approximately $200,000, but range from approximately $40,000 for older homes to $850,000 for some newly constructed homes.
To find out what’s going on in the real estate market in the Randolph AFB ara neighborhood where you live or where you want to live, Market Snapshot will keep you updated with the latest information! Click below to set up your Market Snapshot. Scroll down to the enrollment form at the bottom of the page:
http://sanantoniohomequest.com/
Call Randy or Stephanie Kelley at Keller Williams Legacy if you have realty questions or need help with your Randolph AFB area realty needs. We are at (800) 201-9145, (210) 863-2661, and (210) 867-8743 or kelleybus@aol.com or swkrealtor@aol.com .
Saturday, September 19, 2009
Home Values Near Lackland AFB
If you plan to buy a home near Lackland AFB, keep these facts in mind:
http://sanantoniohomequest.com/
Call Randy or Stephanie Kelley at Keller Williams Legacy if you have realty questions or need help with your Lackland AFB area realty needs. We are at (800) 201-9145, (210) 863-2661, and (210) 867-8743 or kelleybus@aol.com or swkrealtor@aol.com .
- Although there are some very fine new subdivisions nearby, the nearest subdivisions are older, lower priced, and sometimes poorly maintained.
- Keep school district quality in mind, even if you don’t have school age children. School district quality is always an important factor for home resale popularity.
- Northside Independent School District tends to have higher ratings than other school districts in the Lackland area.
- Average home sale prices in the area average less than $120,000, but range from approximately $50,000 for older homes to $260,000 for some newly constructed homes.
- ZIP code 78245 is the closest Northside Independent School District.
- Other nearby Northside Independent School District ZIP codes to search are 78009, 78253, 78251, 78023, 78249, 78240, 78238.
- Market Snapshot is the ultimate source for San Antonio home values by ZIP code.
http://sanantoniohomequest.com/
Call Randy or Stephanie Kelley at Keller Williams Legacy if you have realty questions or need help with your Lackland AFB area realty needs. We are at (800) 201-9145, (210) 863-2661, and (210) 867-8743 or kelleybus@aol.com or swkrealtor@aol.com .
Friday, September 18, 2009
San Antonio Home Values By ZIP Code
Market Snapshot is the ultimate source for San Antonio home values by ZIP code.
Find out what’s going on in the real estate market in the San Antonio neighborhood where you live or where you want to live. Market Snapshop will keep you updated with the latest information!
Click below to set up your Market Snapshot. Scroll down to the enrollment form at the bottom of the page: http://sanantoniohomequest.com/
It's free and without obligation on your part.
Find out what’s going on in the real estate market in the San Antonio neighborhood where you live or where you want to live. Market Snapshop will keep you updated with the latest information!
Click below to set up your Market Snapshot. Scroll down to the enrollment form at the bottom of the page: http://sanantoniohomequest.com/
It's free and without obligation on your part.
Wednesday, September 16, 2009
San Antonio Realty Market Conditions
Have you been watching the news about real estate? It is crazy with all the “sky is falling” discussions around foreclosures and short sales out there. When it seems that the real estate market can’t get any crazier, it does.
With this continuing media frenzy around the real estate market, we want to remind you that the most important real estate market is the street where you live, if you’re the seller, or the street where you want to live, if you’re the buyer.
If you are curious about what is happening on your San Antonio block or on the San Antonio block where you’d like to be, please give us a call so we’ll give you the numbers that are specific to that location.
Yes, with our very favorable realty market, the unfavorable generalizations about national real estate trends are difficult to translate to a specific San Antonio home, neighborhood, or geographic area. We are happy to help you make sense of it all and forget the hype.
We are Stephanie and Randy Kelley, Realtors(R), at SanAntonioHomeQuest.com, Keller Williams Legacy, San Antonio, telephone (210) 867-8743 or (210) 863-2661 or (800) 201-9145. Our E-mail addresses are swkrealtor@aol.com and kelleybus@aol.com. We are honored to help you with all your realty needs.
With this continuing media frenzy around the real estate market, we want to remind you that the most important real estate market is the street where you live, if you’re the seller, or the street where you want to live, if you’re the buyer.
If you are curious about what is happening on your San Antonio block or on the San Antonio block where you’d like to be, please give us a call so we’ll give you the numbers that are specific to that location.
Yes, with our very favorable realty market, the unfavorable generalizations about national real estate trends are difficult to translate to a specific San Antonio home, neighborhood, or geographic area. We are happy to help you make sense of it all and forget the hype.
We are Stephanie and Randy Kelley, Realtors(R), at SanAntonioHomeQuest.com, Keller Williams Legacy, San Antonio, telephone (210) 867-8743 or (210) 863-2661 or (800) 201-9145. Our E-mail addresses are swkrealtor@aol.com and kelleybus@aol.com. We are honored to help you with all your realty needs.
Saturday, September 12, 2009
Houses Under $200,000 Are Selling Fast In San Antonio
Posted by Randy Kelley on September 12, 2009
This is a great article thanks to Creighton A. Welch - San Antonio Express-News, for web posting 09/12/2009
Houses Under $200K Are Selling Fast In San Antonio
What’s hot out there depends on who you ask. If it’s the meteorologist, it’s every day of the week this entire summer and probably most of the fall.
If you ask the local real estate market, you’ll find that it’s a certain segment of homes that is selling more than others.
And that hot homes category seems to be the one under $200,000. In fact, homes below $200,000 have made up 71 percent of the sales so far in 2009, according to the San Antonio Board of Realtors.
“The price range that seems to be moving is the first-time home buyer market due to the tax credit for these buyers,” said Janet Heydenreich, a real estate agent with the Phyllis Browning Co. “I think we will continue to see strong interest in that price range as the deadline approaches.”
First-time home buyers are eligible to receive an $8,000 tax credit if they qualify and purchase a home before Dec. 1.
The tax credit has created some pressure on the lower end of the market, because that’s what is most affordable to those first-time buyers who may just be starting out in their careers.
So, watch out for potential price wars.
“It is possible that bidding wars may appear as the deadline comes closer,” Heydenreich said.
If you’re thinking about selling your below-$200,000 home, now might be a good time, as the construction of new homes in this price range has slowed and the demand has increased.
“Because of the tax credit, there is a shortage of good homes under $250,000,” said Tyler Willmann, a real estate agent with Keller Williams Realty.
And he knows from recent experience. “I actually got into a bidding war,” he said. “We started at $180,000 and went up to $200,000 and lost. We could not find anything in the $200,000 range that was in move-in shape.”
He said many of the best homes below $200,000 can sell in a matter of days.
And he said it will only get worse because there will be more price pressure closer to the tax credit deadline.
“I have three clients that will be ready in September to purchase. I just hope they can find something,” Willmann said. “If they have a nice home under $250,000, put it on the market.”
But even homes in that “hot” price range need to be in tip-top shape, and you should look at how many homes are for sale in your neighborhood, said DeniseGraves, a real estate agent with the Graves Group.
If the home needs some work, take care of that first. And if there are a dozen homes for sale near you, you might be better off waiting until a few of those sell.
Although interest definitely is greater for affordable homes, on the high end of the spectrum, where homes above $750,000 have made up just 1 percent of the market this year, there does seem to be some interest from those who can afford it, and who are gutsy enough to make such a big investment.
“The higher-end market is moving, but very slowly,”Heydenreich said. “We do have buyers in that price range, but they are being very cautious about their purchases and are not going to pay above market value for a home.”
She said the motivation for people buying in the higher-end price range above $750,000 comes from historically low and competitive interest rates.
There also seems to be some high-end interest because of an abundant inventory.
“Buyers feel like they can negotiate and get a great value in a luxury home,” said Graves.
With a relatively large amount of high-end homes, buyers feel each should have something unique about it, Graves said.
But whether buyers are looking for the most affordable home or the most high-end, whether a home sells boils down to how well a home is priced.
“We are seeing the market adjust itself to be more competitive. Buyers are reacting to correctly priced homes in show-ready condition, and we aren’t seeing low offers on those properties,” Graves said.
End of Article
Call Randy or Stephanie Kelley, Realtors(R), Keller Williams Legacy, San Antonio, for all your realty needs. Visit our web site at sanantoniohomequest.com or call us at (210) 863-2661, (210) 867-8743, (800) 201-9145, or E-mail us at kelleybus@aol.com and swkrealtor@aol.com. Ask us about our buyer reward cash bonus program.
This is a great article thanks to Creighton A. Welch - San Antonio Express-News, for web posting 09/12/2009
Houses Under $200K Are Selling Fast In San Antonio
What’s hot out there depends on who you ask. If it’s the meteorologist, it’s every day of the week this entire summer and probably most of the fall.
If you ask the local real estate market, you’ll find that it’s a certain segment of homes that is selling more than others.
And that hot homes category seems to be the one under $200,000. In fact, homes below $200,000 have made up 71 percent of the sales so far in 2009, according to the San Antonio Board of Realtors.
“The price range that seems to be moving is the first-time home buyer market due to the tax credit for these buyers,” said Janet Heydenreich, a real estate agent with the Phyllis Browning Co. “I think we will continue to see strong interest in that price range as the deadline approaches.”
First-time home buyers are eligible to receive an $8,000 tax credit if they qualify and purchase a home before Dec. 1.
The tax credit has created some pressure on the lower end of the market, because that’s what is most affordable to those first-time buyers who may just be starting out in their careers.
So, watch out for potential price wars.
“It is possible that bidding wars may appear as the deadline comes closer,” Heydenreich said.
If you’re thinking about selling your below-$200,000 home, now might be a good time, as the construction of new homes in this price range has slowed and the demand has increased.
“Because of the tax credit, there is a shortage of good homes under $250,000,” said Tyler Willmann, a real estate agent with Keller Williams Realty.
And he knows from recent experience. “I actually got into a bidding war,” he said. “We started at $180,000 and went up to $200,000 and lost. We could not find anything in the $200,000 range that was in move-in shape.”
He said many of the best homes below $200,000 can sell in a matter of days.
And he said it will only get worse because there will be more price pressure closer to the tax credit deadline.
“I have three clients that will be ready in September to purchase. I just hope they can find something,” Willmann said. “If they have a nice home under $250,000, put it on the market.”
But even homes in that “hot” price range need to be in tip-top shape, and you should look at how many homes are for sale in your neighborhood, said DeniseGraves, a real estate agent with the Graves Group.
If the home needs some work, take care of that first. And if there are a dozen homes for sale near you, you might be better off waiting until a few of those sell.
Although interest definitely is greater for affordable homes, on the high end of the spectrum, where homes above $750,000 have made up just 1 percent of the market this year, there does seem to be some interest from those who can afford it, and who are gutsy enough to make such a big investment.
“The higher-end market is moving, but very slowly,”Heydenreich said. “We do have buyers in that price range, but they are being very cautious about their purchases and are not going to pay above market value for a home.”
She said the motivation for people buying in the higher-end price range above $750,000 comes from historically low and competitive interest rates.
There also seems to be some high-end interest because of an abundant inventory.
“Buyers feel like they can negotiate and get a great value in a luxury home,” said Graves.
With a relatively large amount of high-end homes, buyers feel each should have something unique about it, Graves said.
But whether buyers are looking for the most affordable home or the most high-end, whether a home sells boils down to how well a home is priced.
“We are seeing the market adjust itself to be more competitive. Buyers are reacting to correctly priced homes in show-ready condition, and we aren’t seeing low offers on those properties,” Graves said.
End of Article
Call Randy or Stephanie Kelley, Realtors(R), Keller Williams Legacy, San Antonio, for all your realty needs. Visit our web site at sanantoniohomequest.com or call us at (210) 863-2661, (210) 867-8743, (800) 201-9145, or E-mail us at kelleybus@aol.com and swkrealtor@aol.com. Ask us about our buyer reward cash bonus program.
Wednesday, September 09, 2009
82 Days Left For San Antonio Home Buyer $8000 Federal Tax Credit
If you’re a first time home buyer or haven’t owned a home in the last 3 years, you qualify for the up to $8000 Federal tax credit program; but, unless the program is extended by Congress, you must close on your purchase by November 30, 2009 to reap the benefit.
It’s September 9. That leaves only 82 days to find a home, negotiate the purchase, arrange funding, and close on the sale.
Don’t take a chance on losing your tax credit by waiting until the last minute to launch your home search. Do it now!
We are here to make the home purchase process as effective and efficient as possible.
We’re Stephanie and Randy Kelley, Realtors(R) at Keller Williams Legacy. Our goal is to make your realty dreams reality by helping you buy the best house, in the best neighborhood, at the best price, and under conditions most favorable to you.
You can contact us at (210) 863-2661 or (210) 867-8743 or (800) 201-9145. You can visit us at SanAntonioHomeQuest.com and E-mail us at kelleybus@aol.com or swkrealtor@aol.com.
Don't forget to ask us about our Home Buyer Reward Program.
Put us to work for you. You won’t be sorry!
It’s September 9. That leaves only 82 days to find a home, negotiate the purchase, arrange funding, and close on the sale.
Don’t take a chance on losing your tax credit by waiting until the last minute to launch your home search. Do it now!
We are here to make the home purchase process as effective and efficient as possible.
We’re Stephanie and Randy Kelley, Realtors(R) at Keller Williams Legacy. Our goal is to make your realty dreams reality by helping you buy the best house, in the best neighborhood, at the best price, and under conditions most favorable to you.
You can contact us at (210) 863-2661 or (210) 867-8743 or (800) 201-9145. You can visit us at SanAntonioHomeQuest.com and E-mail us at kelleybus@aol.com or swkrealtor@aol.com.
Don't forget to ask us about our Home Buyer Reward Program.
Put us to work for you. You won’t be sorry!
Tuesday, September 08, 2009
2009 San Antonio BAH - Army, Air Force, Navy, Marine Corps
FY2009 BAH - San Antonio, TX
Military installations in BAH area: Lackland Air Force Base, Randolph Air Force Base, Brooks City Base, Medina Annex, Fort Sam Houston, Camp Bullis
Enlisted without dependents
E1 E2 E3 E4 E5 E6 E7 E8 E9
854 854 854 854 966 1051 1146 1243 1249
Enlisted with dependents
E1 E2 E3 E4 E5 E6 E7 E8 E9
1139 1139 1139 1139 1240 1257 1292 1331 1395
Warrant Officers without dependents
W1 W2 W3 W4 W5
1100 1243 1249 1266 1301
Warrant Officers with dependents
W1 W2 W3 W4 W5
1258 1308 1355 1410 1473
Officers without dependents
O1E O2E O3E O1 O2 O3 O4 O5 O6 O7
1240 1247 1257 1037 1205 1251 1296 1319 1355 1382
Officers with dependents
O1E O2E O3E O1 O2 O3 O4 O5 O6 O7
1300 1348 1420 1242 1257 1353 1500 1603 1616 1635
The SanAntonioHomeQuest.com Realty Solutions Team specializes in serving the realty needs of San Antonio’s active duty and retired military families.
We are Stephanie and Randy Kelley, Realtors(R) at Keller Williams Legacy, telephone (210) 863-2661, (210) 867-8743, (800) 201-9145, E-mail at swkrealtor@aol.com or kelleybus@aol.com. Our goal is to make your realty dreams reality.
Military installations in BAH area: Lackland Air Force Base, Randolph Air Force Base, Brooks City Base, Medina Annex, Fort Sam Houston, Camp Bullis
Enlisted without dependents
E1 E2 E3 E4 E5 E6 E7 E8 E9
854 854 854 854 966 1051 1146 1243 1249
Enlisted with dependents
E1 E2 E3 E4 E5 E6 E7 E8 E9
1139 1139 1139 1139 1240 1257 1292 1331 1395
Warrant Officers without dependents
W1 W2 W3 W4 W5
1100 1243 1249 1266 1301
Warrant Officers with dependents
W1 W2 W3 W4 W5
1258 1308 1355 1410 1473
Officers without dependents
O1E O2E O3E O1 O2 O3 O4 O5 O6 O7
1240 1247 1257 1037 1205 1251 1296 1319 1355 1382
Officers with dependents
O1E O2E O3E O1 O2 O3 O4 O5 O6 O7
1300 1348 1420 1242 1257 1353 1500 1603 1616 1635
The SanAntonioHomeQuest.com Realty Solutions Team specializes in serving the realty needs of San Antonio’s active duty and retired military families.
We are Stephanie and Randy Kelley, Realtors(R) at Keller Williams Legacy, telephone (210) 863-2661, (210) 867-8743, (800) 201-9145, E-mail at swkrealtor@aol.com or kelleybus@aol.com. Our goal is to make your realty dreams reality.
Friday, September 04, 2009
Lost Dog Lost Cat, Deerfield, San Antonio
Driving around Deerfield and surrounding subdivisions, we see a lot of lost dog and cat flyers.
We love pets. Maybe a note on this blog can help you find your lost one.
So, if you've lost a pet anywhere in the San Antonio area, let us know about it. Just call or send an E-mail with a description of the pet, its name, and the street or general area where it was last seen. We'll blog a lost pet notice for you.
We'll also need your name and phone number, but we won't publish it on the blog nor will we release it in any way.
We'll ask anyone who might have found or seen your pet to contact us and we'll pass that person's name and phone number to you.
If our blog entry helps you recover your doggie or kitty, it's worth the try. Unless we do it, we'll never know - so let's give it a go.
We’re Stephanie and Randy Kelley, Realtors(R) at Keller Williams Legacy, telephone (210) 867-8743 or (210) 863-2661, or (800) 201-9145. We’ll help you make your realty dreams reality. Visit us at SanAntonioHomeQuest.com or E-mail us at swkrealtor@aol.com or kelleybus@aol.com
We love pets. Maybe a note on this blog can help you find your lost one.
So, if you've lost a pet anywhere in the San Antonio area, let us know about it. Just call or send an E-mail with a description of the pet, its name, and the street or general area where it was last seen. We'll blog a lost pet notice for you.
We'll also need your name and phone number, but we won't publish it on the blog nor will we release it in any way.
We'll ask anyone who might have found or seen your pet to contact us and we'll pass that person's name and phone number to you.
If our blog entry helps you recover your doggie or kitty, it's worth the try. Unless we do it, we'll never know - so let's give it a go.
We’re Stephanie and Randy Kelley, Realtors(R) at Keller Williams Legacy, telephone (210) 867-8743 or (210) 863-2661, or (800) 201-9145. We’ll help you make your realty dreams reality. Visit us at SanAntonioHomeQuest.com or E-mail us at swkrealtor@aol.com or kelleybus@aol.com
Thursday, September 03, 2009
$8000 Federal Tax Credit Caution For San Antonio Buyers
If you hoping to take advantage of the up to $8000 Federal tax credit for first time homebuyers, here's a cautionary note from Melissa Kulikiff, Senior Loan Officer, Supreme Lending, San Antonio. Melissa says:
"The tax credit truly expires on November 30, 2009....This is the Monday after Thanksgiving.
Most title companies will be closed Thursday and Friday for the holiday.
Please keep this in mind if you are a first time home buyer hoping to take advantage of the tax credit. A 1-day delay could cost you $8,000.
Does this note of caution seem premature? I don't think so."
If you are a first time home buyer scheduled to close on your home purchase at the end of November, please heed Melissa's cautionary advice. Avoid the chance of losing your tax credit. Check with your Realtor(R), lender, and title company to make sure your closing won't be delayed past midnight on 30 November.
Melissa is available to consult with buyers needing information about the the $8000 tax credit, specifically, and mortgage loan issues, generally. You can contact her at Supreme Lending, San Antonio, Main Line: (210) 807-6850: Direct Line: (210) 807-6851; Cell: (210) 849-9030.
Do you need help with buying or selling San Antonio real estate? Contact us.
We're Stephanie and Randy Kelley, Realtors(R) at Keller Williams Legacy, telephone (210) 867-8743 or (210) 863-2661, or (800) 201-9145. We'll help you make your realty dreams reality. Visit us at SanAntonioHomeQuest.com or E-mail us at swkrealtor@aol.com or kelleybus@aol.com
"The tax credit truly expires on November 30, 2009....This is the Monday after Thanksgiving.
Most title companies will be closed Thursday and Friday for the holiday.
Please keep this in mind if you are a first time home buyer hoping to take advantage of the tax credit. A 1-day delay could cost you $8,000.
Does this note of caution seem premature? I don't think so."
If you are a first time home buyer scheduled to close on your home purchase at the end of November, please heed Melissa's cautionary advice. Avoid the chance of losing your tax credit. Check with your Realtor(R), lender, and title company to make sure your closing won't be delayed past midnight on 30 November.
Melissa is available to consult with buyers needing information about the the $8000 tax credit, specifically, and mortgage loan issues, generally. You can contact her at Supreme Lending, San Antonio, Main Line: (210) 807-6850: Direct Line: (210) 807-6851; Cell: (210) 849-9030.
Do you need help with buying or selling San Antonio real estate? Contact us.
We're Stephanie and Randy Kelley, Realtors(R) at Keller Williams Legacy, telephone (210) 867-8743 or (210) 863-2661, or (800) 201-9145. We'll help you make your realty dreams reality. Visit us at SanAntonioHomeQuest.com or E-mail us at swkrealtor@aol.com or kelleybus@aol.com
Wednesday, September 02, 2009
Deerfield San Antonio Realty Market Report
Deerfield is located in North Central San Antonio, between Blanco and Huebner just inside Loop 1604.
It’s conveniently located within reasonable commute times and distances to Randolph AFB and Fort Sam Houston. Every imaginable shopping, dining, and entertainment amenity is very close by.
Deerfield has an excellent reputation for desirability, high neighborhood standards and preservation of home values.
Do you want to know more about what’s happening to the realty market in and around Deefield? Go to our SanAntonioHomeQuest.com website and set up a “MLS Market Snapshot” report for ZIP code 78248. You’ll find the report interesting and useful.
Please call or send an E-mail if you need our help.
We’re Stephanie and Randy Kelley, Realtors(R) at Keller Williams Legacy, telephone (210) 867-8743 or (210) 863-2661 or (800) 201-9145. We’ll help you make your realty dreams reality. Visit us at SanAntonioHomeQuest.com or E-mail us at swkrealtor@aol.com or kelleybus@aol.com.
It’s conveniently located within reasonable commute times and distances to Randolph AFB and Fort Sam Houston. Every imaginable shopping, dining, and entertainment amenity is very close by.
Deerfield has an excellent reputation for desirability, high neighborhood standards and preservation of home values.
Do you want to know more about what’s happening to the realty market in and around Deefield? Go to our SanAntonioHomeQuest.com website and set up a “MLS Market Snapshot” report for ZIP code 78248. You’ll find the report interesting and useful.
Please call or send an E-mail if you need our help.
We’re Stephanie and Randy Kelley, Realtors(R) at Keller Williams Legacy, telephone (210) 867-8743 or (210) 863-2661 or (800) 201-9145. We’ll help you make your realty dreams reality. Visit us at SanAntonioHomeQuest.com or E-mail us at swkrealtor@aol.com or kelleybus@aol.com.
Hurry Up For The $8000 Tax Credit For Buying A San Antonio Home
Hey, San Antonio homebuyer!
Do you know that you are racing the reaper for the $8,000 nonrepayable Federal income tax credit for first time home buyers (including those who haven't owned a home in the last 3 years)? The program expires at midnight, November 30. If you havent closed on your home purchase by then, you lose the benefit.
It's already September, and you don't have much time to find your house, negotiate the contract, arrange financing, close on the purchase, and do a whole bunch of other stuff in between.
Procrastination isn't advisable this late in the game, so get on the ball!
Save yourself much time, effort, and frustration by asking an experienced Realtor(R) to help you make your home search more efficient, effective and less costly.
A good Realtor(R) is your best buddy when it comes to buying your home. So, don't hesitate. Find yourself a Realtor(R)who specializes in buyer agency and start your home search right away.
We are pleased to offer our services.
We're Stephanie and Randy Kelley, Realtors(R) at Keller Williams Legacy, telephone (210) 867-8743 or (210) 863-2661, or (800) 201-9145. We'll help you make your realty dreams reality. Visit us at SanAntonioHomeQuest.com or E-mail us at swkrealtor@aol.com or kelleybus@aol.com
Do you know that you are racing the reaper for the $8,000 nonrepayable Federal income tax credit for first time home buyers (including those who haven't owned a home in the last 3 years)? The program expires at midnight, November 30. If you havent closed on your home purchase by then, you lose the benefit.
It's already September, and you don't have much time to find your house, negotiate the contract, arrange financing, close on the purchase, and do a whole bunch of other stuff in between.
Procrastination isn't advisable this late in the game, so get on the ball!
Save yourself much time, effort, and frustration by asking an experienced Realtor(R) to help you make your home search more efficient, effective and less costly.
A good Realtor(R) is your best buddy when it comes to buying your home. So, don't hesitate. Find yourself a Realtor(R)who specializes in buyer agency and start your home search right away.
We are pleased to offer our services.
We're Stephanie and Randy Kelley, Realtors(R) at Keller Williams Legacy, telephone (210) 867-8743 or (210) 863-2661, or (800) 201-9145. We'll help you make your realty dreams reality. Visit us at SanAntonioHomeQuest.com or E-mail us at swkrealtor@aol.com or kelleybus@aol.com
Wednesday, August 26, 2009
Is The San Antonio Home Market On An Upswing?
Good news!
The S&P/Cash-Shiller U.S. National Home Price Index improved in the second quarter of 2009 versus the 2d quarter of 2008. Yes, that's good news, but keep in mind that, in the 2d quarter of last year, the nation's realty market was becoming woefully distressed. So it's wise to view the improved 2d quarter 2009 index figure with some caution. Most experts agree that, although the nation's realty market is becoming healthier, it may still be a few months way from being cured.
So, what's up with San Antonio's realty market. First keep in mind that, despite the economic gloom and doom around us, San Antonio's economy has remained relatively strong. Consequently, real estate sales activity has continue to march right along - at a somewhat slower, but steady pace. Granted, some neighborhoods have experienced deflated home values but it's too early to tell if the San Antonio area, in general, will close 2009 with lower across the board home values.
The good news is that, in July, San Antonio home sales were up, inventory down, and time to sell down. Average and median sale prices showed significant improvement; and, now, August sales data indicate the area will enter the usually slower fall and winter realty sales seasons in a much better condition than usual.
Our improving sales can be attributed, at least in part, to the increasing availability of mortgage money and the excitement generated by the $8000 first time home buyer Federal Tax credit program. It's comforting to know that the Federal government's economic initiatives may be bearing fruit. Let's hope the trend continues.
Here's this blog's take away message:
1) San Antonio's economy is sound, strong, and growing and our realty market is benefiting from the city's economic stability.
2) It's a good time to buy or sell a home in San Antonio.
3) To avoid losing the $8000 Federal Tax Credit, a first time home buyer (including someone who hasn't owned a home in the last 3 years) should act quickly to find and purchase a property. To receive the credit, the purchase must be closed before December 1, 2009.
4) Whereas homes in some San Antonio neighborhoods are not selling as well as in others, it's highly advisable for a prospective home seller to obtain the advice and assistance of an experienced Realtor (R) to determine the best marketing plan for his or her property based on actual sales data for the neighborhood and the surrounding area.
That’s all for now on this hot San Antonio afternoon (103 degrees at 3:10 P.M).
Here’s wishing you a happy home buying or selling experience. Stay cool.
Please don’t hesitate to call upon us if you need the help of experienced Realtors(R). We are Stephanie and Randy Kelley, Realtors(R) at Keller Williams Legacy, telephone (210) 867-8743 or (210) 863-2661, or (800) 201-9145. We put the reality in realty. Visit us at SanAntonioHomeQuest.com or E-mail us at swkrealtor@aol.com or kelleybus@aol.com
The S&P/Cash-Shiller U.S. National Home Price Index improved in the second quarter of 2009 versus the 2d quarter of 2008. Yes, that's good news, but keep in mind that, in the 2d quarter of last year, the nation's realty market was becoming woefully distressed. So it's wise to view the improved 2d quarter 2009 index figure with some caution. Most experts agree that, although the nation's realty market is becoming healthier, it may still be a few months way from being cured.
So, what's up with San Antonio's realty market. First keep in mind that, despite the economic gloom and doom around us, San Antonio's economy has remained relatively strong. Consequently, real estate sales activity has continue to march right along - at a somewhat slower, but steady pace. Granted, some neighborhoods have experienced deflated home values but it's too early to tell if the San Antonio area, in general, will close 2009 with lower across the board home values.
The good news is that, in July, San Antonio home sales were up, inventory down, and time to sell down. Average and median sale prices showed significant improvement; and, now, August sales data indicate the area will enter the usually slower fall and winter realty sales seasons in a much better condition than usual.
Our improving sales can be attributed, at least in part, to the increasing availability of mortgage money and the excitement generated by the $8000 first time home buyer Federal Tax credit program. It's comforting to know that the Federal government's economic initiatives may be bearing fruit. Let's hope the trend continues.
Here's this blog's take away message:
1) San Antonio's economy is sound, strong, and growing and our realty market is benefiting from the city's economic stability.
2) It's a good time to buy or sell a home in San Antonio.
3) To avoid losing the $8000 Federal Tax Credit, a first time home buyer (including someone who hasn't owned a home in the last 3 years) should act quickly to find and purchase a property. To receive the credit, the purchase must be closed before December 1, 2009.
4) Whereas homes in some San Antonio neighborhoods are not selling as well as in others, it's highly advisable for a prospective home seller to obtain the advice and assistance of an experienced Realtor (R) to determine the best marketing plan for his or her property based on actual sales data for the neighborhood and the surrounding area.
That’s all for now on this hot San Antonio afternoon (103 degrees at 3:10 P.M).
Here’s wishing you a happy home buying or selling experience. Stay cool.
Please don’t hesitate to call upon us if you need the help of experienced Realtors(R). We are Stephanie and Randy Kelley, Realtors(R) at Keller Williams Legacy, telephone (210) 867-8743 or (210) 863-2661, or (800) 201-9145. We put the reality in realty. Visit us at SanAntonioHomeQuest.com or E-mail us at swkrealtor@aol.com or kelleybus@aol.com
Tuesday, August 25, 2009
San Antonio Realty Report
It’s Tuesday, 25 August 2009.
San Antonio’s weather continues to be hot and exceptionally dreadfully droughtful.
Temperature Projection: High 102 Low 74
No rain projected until next Friday.
Today’s realty market conditions:
Single Family Detached Homes For Sale: 11863 of which 1942 are under sales contracts
Average Time On The Market For Homes For Sale: 162 days
Latest Sales Data:
Average List Price: $196,555
Average Sales Price: $186,633
List to Sales Price Ratio: 95%
Average Time on Market: 127 days
Median Sold Price: $150,000
These data indicate San Antonio’s realty market is relatively healthy and favors buyers over sellers.
That’s all for today.
Here’s wishing you you have a happy home buying or selling experience.
Please don’t hesitate to call upon us if you need the help of experienced Realtors(R). We are Stephanie and Randy Kelley, Realtors(R) at Keller Williams Legacy, telephone (210) 867-8743 or (210) 863-2661, or (800) 201-9145. We put the reality in realty. Visit us at SanAntonioHomeQuest.com or E-mail us at swkrealtor@aol.com or kelleybus@aol.com.
San Antonio’s weather continues to be hot and exceptionally dreadfully droughtful.
Temperature Projection: High 102 Low 74
No rain projected until next Friday.
Today’s realty market conditions:
Single Family Detached Homes For Sale: 11863 of which 1942 are under sales contracts
Average Time On The Market For Homes For Sale: 162 days
Latest Sales Data:
Average List Price: $196,555
Average Sales Price: $186,633
List to Sales Price Ratio: 95%
Average Time on Market: 127 days
Median Sold Price: $150,000
These data indicate San Antonio’s realty market is relatively healthy and favors buyers over sellers.
That’s all for today.
Here’s wishing you you have a happy home buying or selling experience.
Please don’t hesitate to call upon us if you need the help of experienced Realtors(R). We are Stephanie and Randy Kelley, Realtors(R) at Keller Williams Legacy, telephone (210) 867-8743 or (210) 863-2661, or (800) 201-9145. We put the reality in realty. Visit us at SanAntonioHomeQuest.com or E-mail us at swkrealtor@aol.com or kelleybus@aol.com.
Monday, August 24, 2009
What's In Your San Antonio Builder's Name
What’s in a name? That which we call a rose by any other name would smell as sweet.” So said Shakespeare’s Juliet.
That’s a nice thought, but, if you’re thinking about buying a new construction or resale San Antonio home, we strongly advise that you not do the Juliet thing and assume that a builder’s name doesn’t matter. Every home builder’s name equates to a reputation established over time and, when a builder’s reputation is bad, buying that builder’s product increases the risk of a bad outcome for you, the buyer.
So, are there some San Antonio home builders that are, right now, in the process of developing bad reputations. Frankly, in light of today’s sophisticated home building techniques and close monitoring of construction codes and standards, it’s really difficult, but not impossible, for a contemporary San Antonio builder to develop a really bad reputation. That’s especially true for the area’s high volume new home production builders who stake their national reputation on building quality homes in neighborhoods where standards are diligently maintained.
Just ask the experts. Home inspectors and other folks who monitor the building industry seem to agree that San Antonio’s new home builders are doing a good to excellent job. So, home buyers can take comfort in knowing that, although there’s an occasional exception, a poorly constructed new home is a rarity in San Antonio.
But, alas, despite currently concentrating on quality and customer service, at least one San Antonio home builder is still having a hard time living down a bad reputation. I need not name that builder, but, if you don’t know and want to know who it is, just ask a San Antonio native or a local Realtor(R). They’ll know.
Let’s just call the builder ”Blah Blah Home.”
Through transition and acquisition, Blah Blah Home’s San Antonio name has changed four times in the last 50 or so years. Although the latest name is a well known national brand, Blah Blah Home San Antonio remains linked to a tainted past characterized by bad construction, unreliable customer support, and poorly developed neighborhoods. So to use Juliet’s jargon, Blah Blah Home San Antonio by any other name would still smell as sour.
How sour? Consider this. When listing Blah Blah Home resales, San Antonio realty agents despair of having to divulge that they are Blah Blah Home products. Why? Because, it’s so well known that the odds are high that a Blah Blah Home product will resell for a price that’s significantly below the average sold price for neighboring non-Blah Blah Home properties.
So, here’s this blog’s take away message.
If you’re thinking of buying either a new construction or resale San Antonio area home, be sure to first seek a Realtor’s(R) advice or at least talk with a few long term residents. Ask about the builder with the worst name in town. They’ll know who you’re talking about and, if there are any other builders going the Blah Blah Home way, they’ll also tell you about those guys. San Antonians love to talk about builders with sour reputations!
That’s all for today.
Here’s wishing you you have a happy home buying or selling experience.
Please don’t hesitate to call upon us if you need the help of experienced Realtors(R). We are Stephanie and Randy Kelley, Realtors(R) at Keller Williams Legacy, telephone (210) 867-8743 or (210) 863-2661, or (800) 201-9145. We put the reality in realty. Visit us at SanAntonioHomeQuest.com or E-mail us at swkrealtor@aol.com or kelleybus@aol.com.
That’s a nice thought, but, if you’re thinking about buying a new construction or resale San Antonio home, we strongly advise that you not do the Juliet thing and assume that a builder’s name doesn’t matter. Every home builder’s name equates to a reputation established over time and, when a builder’s reputation is bad, buying that builder’s product increases the risk of a bad outcome for you, the buyer.
So, are there some San Antonio home builders that are, right now, in the process of developing bad reputations. Frankly, in light of today’s sophisticated home building techniques and close monitoring of construction codes and standards, it’s really difficult, but not impossible, for a contemporary San Antonio builder to develop a really bad reputation. That’s especially true for the area’s high volume new home production builders who stake their national reputation on building quality homes in neighborhoods where standards are diligently maintained.
Just ask the experts. Home inspectors and other folks who monitor the building industry seem to agree that San Antonio’s new home builders are doing a good to excellent job. So, home buyers can take comfort in knowing that, although there’s an occasional exception, a poorly constructed new home is a rarity in San Antonio.
But, alas, despite currently concentrating on quality and customer service, at least one San Antonio home builder is still having a hard time living down a bad reputation. I need not name that builder, but, if you don’t know and want to know who it is, just ask a San Antonio native or a local Realtor(R). They’ll know.
Let’s just call the builder ”Blah Blah Home.”
Through transition and acquisition, Blah Blah Home’s San Antonio name has changed four times in the last 50 or so years. Although the latest name is a well known national brand, Blah Blah Home San Antonio remains linked to a tainted past characterized by bad construction, unreliable customer support, and poorly developed neighborhoods. So to use Juliet’s jargon, Blah Blah Home San Antonio by any other name would still smell as sour.
How sour? Consider this. When listing Blah Blah Home resales, San Antonio realty agents despair of having to divulge that they are Blah Blah Home products. Why? Because, it’s so well known that the odds are high that a Blah Blah Home product will resell for a price that’s significantly below the average sold price for neighboring non-Blah Blah Home properties.
So, here’s this blog’s take away message.
If you’re thinking of buying either a new construction or resale San Antonio area home, be sure to first seek a Realtor’s(R) advice or at least talk with a few long term residents. Ask about the builder with the worst name in town. They’ll know who you’re talking about and, if there are any other builders going the Blah Blah Home way, they’ll also tell you about those guys. San Antonians love to talk about builders with sour reputations!
That’s all for today.
Here’s wishing you you have a happy home buying or selling experience.
Please don’t hesitate to call upon us if you need the help of experienced Realtors(R). We are Stephanie and Randy Kelley, Realtors(R) at Keller Williams Legacy, telephone (210) 867-8743 or (210) 863-2661, or (800) 201-9145. We put the reality in realty. Visit us at SanAntonioHomeQuest.com or E-mail us at swkrealtor@aol.com or kelleybus@aol.com.
Wednesday, August 19, 2009
San Antonio Home Sales Up In July 2009
By Jason Buch - Express-News
San Antonio recorded more sales of existing homes in July than any other month in the past year.
Sales last month totaled 1,980, a 9 percent increase from the same time a year ago and the largest volume of sales seen here since June 2008, when sales broke 2,000, according to data from the San Antonio Board of Realtors. The median price also was up 2 percent.
National news reports that the country is coming out of the recession and the up to $8,000 tax credit for first-time home buyers have fueled sales, SABOR Chairwoman Florence Terrell said in a news release.
Add interest rates of between 5.5 percent and 6 percent, and many potential buyers and sellers who had been sitting on the fence are taking action, Travis Kessler, SABOR chief executive, said.
July is usually a peak time for home sales, but this July has been a landmark, Kessler said. “This is the first time in 12 months that we’ve seen an increase in sales as compared for that same month the year before.”
But year-to-date home sales, at just more than 10,200, did not reach where they were at this time last year, when 11,669 homes had sold.
Home prices have been relatively stable in San Antonio, Kessler said. Year-to-date median home prices are $151,600, compared with $152,200 at this time last year. The median price for single-family homes last month was $158,300, a 2 percent increase from July last year.
“Price stability is still favorable in today’s real estate cycle,” Kessler said.
The 1,675 pending sales in San Antonio last month represent a 3.7 percent increase from last July, the highest that number has been since June 2008. San Antonio’s available inventory of 11,868 is further evidence of stability, Kessler said, as that number does not represent an oversupply and has changed little h $152,200 at this time last year. The median price for single-family homes last month was $158,300, a 2 percent increase from July last year.
“Price stability is still favorable in today’s real estate cycle,” Kessler said.
The 1,675 pending sales in San Antonio last month represent a 3.7 percent increase from last July, the highest that number has been since June 2008. San Antonio’s available inventory of 11,868 is further evidence of stability, Kessler said, as that number does not represent an oversupply and has changed little in last year.
About 67 percent of July’s sales were for houses costing less than $200,000, a market generally dominated by first-time buyers. Kessler said that shows the tax credit for first-time buyers is bolstering sales.
D’Ann Harper, broker/owner of D’Ann Harper Coldwell Banker Realtors, pointed out that the tax credit applies to buyers who haven’t owned a home in three years.
“We usually have a slowdown towards end of the year, but with that home buyer tax credit still in effect, I think that’s going to help us tremendously and keep momentum going,” Harper said.
Her agents have been busier in July than in recent months, she said, and they have seen appreciation in values in the $225,000-$300,000 price range.
Kessler said 10 percent of San Antonio homes sold through the Multiple Listing Service in July were foreclosures, or short sales, compared with 50 percent of monthly sales in states like California, Nevada, Arizona and Florida. Short sales and foreclosures have averaged 13 percent of total sales this year.
End of Article.
Call Randy or Stephanie Kelley, Realtors(R) at Keller Williams Legacy, San Antonio, Texas, for all your realty needs.
Our telephone numbers are (210) 863-2661, (210) 867-8743, & (800) 201-9145. Visit us at SanAntonioHomeQuest.com.
San Antonio recorded more sales of existing homes in July than any other month in the past year.
Sales last month totaled 1,980, a 9 percent increase from the same time a year ago and the largest volume of sales seen here since June 2008, when sales broke 2,000, according to data from the San Antonio Board of Realtors. The median price also was up 2 percent.
National news reports that the country is coming out of the recession and the up to $8,000 tax credit for first-time home buyers have fueled sales, SABOR Chairwoman Florence Terrell said in a news release.
Add interest rates of between 5.5 percent and 6 percent, and many potential buyers and sellers who had been sitting on the fence are taking action, Travis Kessler, SABOR chief executive, said.
July is usually a peak time for home sales, but this July has been a landmark, Kessler said. “This is the first time in 12 months that we’ve seen an increase in sales as compared for that same month the year before.”
But year-to-date home sales, at just more than 10,200, did not reach where they were at this time last year, when 11,669 homes had sold.
Home prices have been relatively stable in San Antonio, Kessler said. Year-to-date median home prices are $151,600, compared with $152,200 at this time last year. The median price for single-family homes last month was $158,300, a 2 percent increase from July last year.
“Price stability is still favorable in today’s real estate cycle,” Kessler said.
The 1,675 pending sales in San Antonio last month represent a 3.7 percent increase from last July, the highest that number has been since June 2008. San Antonio’s available inventory of 11,868 is further evidence of stability, Kessler said, as that number does not represent an oversupply and has changed little h $152,200 at this time last year. The median price for single-family homes last month was $158,300, a 2 percent increase from July last year.
“Price stability is still favorable in today’s real estate cycle,” Kessler said.
The 1,675 pending sales in San Antonio last month represent a 3.7 percent increase from last July, the highest that number has been since June 2008. San Antonio’s available inventory of 11,868 is further evidence of stability, Kessler said, as that number does not represent an oversupply and has changed little in last year.
About 67 percent of July’s sales were for houses costing less than $200,000, a market generally dominated by first-time buyers. Kessler said that shows the tax credit for first-time buyers is bolstering sales.
D’Ann Harper, broker/owner of D’Ann Harper Coldwell Banker Realtors, pointed out that the tax credit applies to buyers who haven’t owned a home in three years.
“We usually have a slowdown towards end of the year, but with that home buyer tax credit still in effect, I think that’s going to help us tremendously and keep momentum going,” Harper said.
Her agents have been busier in July than in recent months, she said, and they have seen appreciation in values in the $225,000-$300,000 price range.
Kessler said 10 percent of San Antonio homes sold through the Multiple Listing Service in July were foreclosures, or short sales, compared with 50 percent of monthly sales in states like California, Nevada, Arizona and Florida. Short sales and foreclosures have averaged 13 percent of total sales this year.
End of Article.
Call Randy or Stephanie Kelley, Realtors(R) at Keller Williams Legacy, San Antonio, Texas, for all your realty needs.
Our telephone numbers are (210) 863-2661, (210) 867-8743, & (800) 201-9145. Visit us at SanAntonioHomeQuest.com.
Monday, August 17, 2009
Cash Bonus For San Antonio Public Service Homebuyers
If you are an active duty or retired military member or family member, or a government civil service or public service employee or family member, you are eligible for SanAntonioHomeQuest's Public Service Reward Program . To qualify, all you have to do is use our buyer representation services to purchase a San Antonio area residence.
Here's what it's worth to you:
Home Value Earns Cash Bonus
$1 - $99,999 --- $350
$100,000-$149,999 --- $650
$150,000-$249,999 --- $950
$250,000-$399,999 --- $1,250
$400,000+ --- $1,550
Contact Randy or Stephanie Kelley at Keller Williams Legacy, San Antonio,
telephone (210) 863-2661,(210) 867-8743, or (800) 201-9145 or visit us at SanAntonioHomeQuest.com.
Here's what it's worth to you:
Home Value Earns Cash Bonus
$1 - $99,999 --- $350
$100,000-$149,999 --- $650
$150,000-$249,999 --- $950
$250,000-$399,999 --- $1,250
$400,000+ --- $1,550
Contact Randy or Stephanie Kelley at Keller Williams Legacy, San Antonio,
telephone (210) 863-2661,(210) 867-8743, or (800) 201-9145 or visit us at SanAntonioHomeQuest.com.
San Antonio $8000 Tax Credit
$8000 Tax Credit for San Antonio Homebuyers
Posted by Randy Kelley on August 17, 2009
As Credit Deadline Approaches, Race Is On for First-Time Buyers
By Kathleen Lynn Print Article
RISMEDIA, August 17, 2009-(MCT)-First-time buyers are searching for homes with a growing sense of urgency, worried that time is running out on an $8,000 federal tax credit.
Real estate agents say they’re seeing a surge of first-timers who want to close on a property by Nov. 30, the deadline for the credit. The rush has set off bidding wars and stirred up a normally quiet August market.
“We’re inundated,” said Paula Clark, an agent with Coldwell Banker in Hillsdale, N.J.
To meet the Nov. 30 deadline, buyers need to have a contract by around Sept. 30 because inspections, mortgage approvals and other details typically take about two months.
House hunter Stan Salazar of the Bronx, a 34-year-old assistant building superintendent, said that he and his wife, Marianela, were drawn into the real estate market mainly by lower home prices. But they’d like to close in time to get the credit, he added.
“Hey, $8,000 is $8,000,” Salazar said, after touring an expanded Cape Cod last week with real estate agent Sheldon Neal.
“It has pushed some of the buyers who have been watching the market into action,” said Abby Ceres-Buda, an agent in Hawthorne, N.J.
While $8,000 may not seem like a big deal when you’re talking about a purchase that typically runs $300,000 and up, it’s enough to get some cautious home shoppers off the fence.
“It’s not that much, you would think, but these are young kids starting out, so every little bit helps,” said agent Annekee Brahver-Keely.
Michael and Jennifer Marino, who recently closed on a Cape Cod, said they were motivated less by the $8,000 than by the fact that they’re expecting their first child. But the money will pay to replace a couple of aging appliances.
“That’s furnace money and hot-water-heater money,” said Michael Marino, a 34-year-old printer.
Ray Searles, a teacher who will soon close on a colonial in River Edge, said the $8,000 gave him and his wife the final push to buy a home.
“We’d been thinking about it for a year, and once we heard about the credit, we said, ‘We’re getting a house by December,’ ” said Searles, who now lives in an apartment. “It’ll just go toward furnishing the house.”
The starter home segment - under $500,000 or so - has been active since spring. According to statistics from the RealSource Association of Realtors, 1,897 Bergen County homes under $500,000 went under contract in June and July of 2009 - up 26 percent from the same period in 2008. At the same time, the number of homes going under contract above $500,000 declined 3.7 percent.
The tax credit is just one reason. First-time buyers are also attracted by lower home prices - down about 20 percent in the region from the market peak in 2006 - and mortgage rates in the 5.5 percent range. In addition, unlike trade-up buyers, they don’t face the obstacle of having to sell a house before they buy.
Still, the approaching tax credit deadline has heightened interest recently among first-time buyers.
“I have five closings in August,” said agent Roberta Whitley Gomez. “It’s the credit. I think it’s bringing a lot of people out.”
“They’re very concerned about losing the credit,” said Maria Rini, a Re/Max agent in Oradell.
Harry Elias, an agent with Friedberg Properties, said he got a call recently from a young couple eager to start the house hunt, after watching friends buy their first home. They saw that completing the sale could take two to three months, and want to close in time to qualify for the credit, Elias said.
The influx of first-timers has led to multiple offers on houses in good condition. In addition, more properties at the lower end of the market are selling at or near their full asking price, agents say.
“In the $400,000 price range, we don’t have a great deal of inventory of nice houses,” Clark said.
Some first-time buyers, strapped for cash, are negotiating to buy short sales - in which a lender takes less than is owed on the mortgage to allow a distressed homeowner to sell. These properties are usually less expensive, but the transactions tend to drag on, as the bank considers the offer. Buyers who are enmeshed in some of these deals are getting nervous, hoping that the sales will close in time to let them get the credit.
“The last two short sales we were involved in, one was a six-month ordeal and the other was a seven-month ordeal,” Rini said.
Other buyers have been trying to buy for several months, but have lost out as the competition heated up in the starter-home market.
“We’ve had bidding wars on some houses, especially in the $400,000-$450,000 range,” said Jeana Cowie, a Re/Max agent.
Now they worry they won’t be able to find a place and close in time.
Agent Ivana Crecco recently worked with a couple who were outbid on houses twice before finally succeeding with a home in Paramus. They expect to close at the end of September - in plenty of time to qualify for the tax credit.
Distributed by McClatchy-Tribune Information Services.
Call Randy or Stephanie Kelley, Realtors(R) at Keller Williams Legacy, San Antonio, for all your realty needs. Our telephone numbers are (210) 863-2661,
(210) 867-8743, & (800) 201-9145. Visit us at SanAntonioHomeQuest.com.
Posted by Randy Kelley on August 17, 2009
As Credit Deadline Approaches, Race Is On for First-Time Buyers
By Kathleen Lynn Print Article
RISMEDIA, August 17, 2009-(MCT)-First-time buyers are searching for homes with a growing sense of urgency, worried that time is running out on an $8,000 federal tax credit.
Real estate agents say they’re seeing a surge of first-timers who want to close on a property by Nov. 30, the deadline for the credit. The rush has set off bidding wars and stirred up a normally quiet August market.
“We’re inundated,” said Paula Clark, an agent with Coldwell Banker in Hillsdale, N.J.
To meet the Nov. 30 deadline, buyers need to have a contract by around Sept. 30 because inspections, mortgage approvals and other details typically take about two months.
House hunter Stan Salazar of the Bronx, a 34-year-old assistant building superintendent, said that he and his wife, Marianela, were drawn into the real estate market mainly by lower home prices. But they’d like to close in time to get the credit, he added.
“Hey, $8,000 is $8,000,” Salazar said, after touring an expanded Cape Cod last week with real estate agent Sheldon Neal.
“It has pushed some of the buyers who have been watching the market into action,” said Abby Ceres-Buda, an agent in Hawthorne, N.J.
While $8,000 may not seem like a big deal when you’re talking about a purchase that typically runs $300,000 and up, it’s enough to get some cautious home shoppers off the fence.
“It’s not that much, you would think, but these are young kids starting out, so every little bit helps,” said agent Annekee Brahver-Keely.
Michael and Jennifer Marino, who recently closed on a Cape Cod, said they were motivated less by the $8,000 than by the fact that they’re expecting their first child. But the money will pay to replace a couple of aging appliances.
“That’s furnace money and hot-water-heater money,” said Michael Marino, a 34-year-old printer.
Ray Searles, a teacher who will soon close on a colonial in River Edge, said the $8,000 gave him and his wife the final push to buy a home.
“We’d been thinking about it for a year, and once we heard about the credit, we said, ‘We’re getting a house by December,’ ” said Searles, who now lives in an apartment. “It’ll just go toward furnishing the house.”
The starter home segment - under $500,000 or so - has been active since spring. According to statistics from the RealSource Association of Realtors, 1,897 Bergen County homes under $500,000 went under contract in June and July of 2009 - up 26 percent from the same period in 2008. At the same time, the number of homes going under contract above $500,000 declined 3.7 percent.
The tax credit is just one reason. First-time buyers are also attracted by lower home prices - down about 20 percent in the region from the market peak in 2006 - and mortgage rates in the 5.5 percent range. In addition, unlike trade-up buyers, they don’t face the obstacle of having to sell a house before they buy.
Still, the approaching tax credit deadline has heightened interest recently among first-time buyers.
“I have five closings in August,” said agent Roberta Whitley Gomez. “It’s the credit. I think it’s bringing a lot of people out.”
“They’re very concerned about losing the credit,” said Maria Rini, a Re/Max agent in Oradell.
Harry Elias, an agent with Friedberg Properties, said he got a call recently from a young couple eager to start the house hunt, after watching friends buy their first home. They saw that completing the sale could take two to three months, and want to close in time to qualify for the credit, Elias said.
The influx of first-timers has led to multiple offers on houses in good condition. In addition, more properties at the lower end of the market are selling at or near their full asking price, agents say.
“In the $400,000 price range, we don’t have a great deal of inventory of nice houses,” Clark said.
Some first-time buyers, strapped for cash, are negotiating to buy short sales - in which a lender takes less than is owed on the mortgage to allow a distressed homeowner to sell. These properties are usually less expensive, but the transactions tend to drag on, as the bank considers the offer. Buyers who are enmeshed in some of these deals are getting nervous, hoping that the sales will close in time to let them get the credit.
“The last two short sales we were involved in, one was a six-month ordeal and the other was a seven-month ordeal,” Rini said.
Other buyers have been trying to buy for several months, but have lost out as the competition heated up in the starter-home market.
“We’ve had bidding wars on some houses, especially in the $400,000-$450,000 range,” said Jeana Cowie, a Re/Max agent.
Now they worry they won’t be able to find a place and close in time.
Agent Ivana Crecco recently worked with a couple who were outbid on houses twice before finally succeeding with a home in Paramus. They expect to close at the end of September - in plenty of time to qualify for the tax credit.
Distributed by McClatchy-Tribune Information Services.
Call Randy or Stephanie Kelley, Realtors(R) at Keller Williams Legacy, San Antonio, for all your realty needs. Our telephone numbers are (210) 863-2661,
(210) 867-8743, & (800) 201-9145. Visit us at SanAntonioHomeQuest.com.
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