Buyers and Sellers Beware the Next Tax Credit Deadline.
Update: GAME OVER. NO MORE FREE CASH. Only active duty millitary and government employees need inquire about $8000 tax credit.
Buyers and sellers beware the next tax credit deadline. If next summer yields the buying and selling frenzy many real estate professionals are hoping for, home buyers and sellers should plan ahead now. Waiting until the last minute to close for first time homebuyers wanting the $8,000 tax credit or move up buyers wanting the $6,500 tax credit is a big mistake. Banks have proven to me that they are having major trouble making closing dates. I have had buyers turn over completed files to lenders in record time only to have the file sit in some office for over two weeks before anyone put a set of eyes on the file.
The major draw back for buyers and sellers alike is what to do if the file is unexpectedly closing late. Buyers have leases they are working with and sellers are also faced with moving out early to turn over the property on time. In many of the situations my clients faced this year temporary lease backs and buyer leases were worked out. However this may not be an option for everyone, due to the risk involved. The best advise I can give for buyers is to shoot for a close 30 days before you have to give up your lease. Sellers should consult with the listing agent to keep tabs on the status of the loan to time up their move.
Covenant Partners
http://www.sahomelocator.com
San Antonio-Woodstone
San Antonio-Woodstone subdivision housing market summary contains homes sold by banks, HUD and private sellers. This San Antonio subdivision is older and well established. Homes here average on 25-30 years old with a few newer homes in the past 10 years. Buyers looking for larger yards with established trees and a low entry price should look at Woodstone homes. The current average price per sq foot in Woodstone Subdivision is $72. View the most current market summary report below. Use previously published reports to track housing market changes.
March 24, 2010 update
November 2009 update
September 2009 Original
Covenant Partners
http://www.sahomelocator.com
FHA Policy Changes
FHA Policy changes are right around the corner. The largest key change home buyers should be aware of is seller concessions. Beginning sometime this summer home buyers can only get up to 3% in seller concessions instead of 6%. This will dramatically change the cash requirements borrowers are accustomed to at closing. To view the other FHA changes click here.
Covenant Partners
http://www.sahomelocator.com
What First Time Homebuyers Need to Know
First time home buyers
What First time homebuyers need to know by: REBAC, is a great read for anyone looking to purchase a home in the San Antonio. There are many great deals in our San Antonio market, new homes, foreclosures, shortsales and resale homes. Get the information you need to know to make the right purchase right here.
Covenant Partners
http://www.sahomelocator.com
San Antonio-Valencia
San Antonion-Valencia Subdivison Market Summary has sixteen homes total for the past three months. Ten homes listed in this summary are currently active and still avialble for sale. One home in San Antonio Valencia is under active option, one in pending closing and four homes have sold in the past four months. With only four homes sold in Valencia for the past three months this is not the hotest neighborhood to be selling a home in at the moment. The average price per square foot for homes sold is $68.95. To view the complete market summary click here. Be sure to always use a Realtor when buying or selling real estate.
Krishna Perkins ABR, SFR
Covenant Partners
http://www.sahomelocator.com
San Antonio-Briarwick
San Antonio-Briarwick housing market summary includes eleven total homes. Of those eleven homes four have been sold in the past three months and one is currently pending final sale. Three homes have just recieved contracts and only three homes remain available for contracts. The average price per square foot for homes sold is $74.75. For further details about this San Antonio subdivision click here. I encourage all buyers and sellers to enlist the help of a licensed Realtor when buying or selling real estate.
Covenant Partners
http://www.sahomelocator.com
San Antonio-Hunters Mill
Market summary
San Antonio-Hunters Mill housing market summary is composed of nine total homes. Of the nine homes one is still for sale and one is under contract. The other seven have sold in the past three month. The average price per square foot in San Antonio-Hunters Mill for homes sold is $83.29. With so few homes on the market, right now is the best time for sellers to jump in the market in this subdivision. To view the detailed market summary click here. And remember always consult a licensed Realtor for up to date information before buying or selling real estate.
Covenant Partners
http://www.sahomelocator.com
San Antonio-Stoneridge
Market summary
San Antonio-Stoneridge subdivision housing market summary as of October 16, 2009 consist of eleven homes for sale, one pending contract and fifteen homes sold in the past three months. The average price per square foot for homes sold in San Antonio-Stoneridge is $82.18. San Antonio-Stoneridge subdivision is located on the North East side of San Antonio. Schools include; Macarthur, Driscoll and Wetmore Elementary. Zip code 78247. For the comlete market summary for San Antonio-Stoneridge click here. Be sure to consult a licensed Realtor to purchase or price a home for sale.
Krishna Perkins, Realtor
San Antonio-Thousand Oaks
San Antonio-Thousand Oaks subdivision housing market summary consist of seventeen homes. Of the seventeen homes, eight homes are available for sale, three have active contracts and six have been sold in the past three months. The average price per square foot for homes sold in San Antonio-Thousand Oaks is $82.02. For the complete market summary for San Antonio-Thousand Oaks subdivision click here. And always remember to use a licensed Realtor when buying or marketing your home. More on San Antonio Thousand Oaks
Krishna Perkins, Realtor
San Antonio-Vista
San Antonio-Vista subdivision housing market summary consist of eight active home listings for sale, two pending home sales and six home sales in the last three months as of October 18, 2009. The average price per square foot for homes sold in San Antonio-Vista subdivision is $70.28. Be sure to contact a local Realtor to help you calculate your sales price or purchase price when buying or selling real estate. For the complete market summary of San Antonio-Vista subdivision click here.
Krishna Perkins, ABR
