sahomelocator.com Blog

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.

Krishna Perkins, ABR

Encino Mesa market report contains thirteen homes. This San Antonio subdivision currently has four homes available for sale, one home is under contract and eight homes have been sold in the past three months form today. The average sales price per sq/foot in Encino Mesa is $80.49. For a more detailed look at the market report for Encino Mesa click here. And as always, remember to use a licensed Realtor for all of your home buying and selling needs.

San Antonio Crestridge market summary report consist of seven total homes in the past three months. Four homes in San Antonio Crestridge are currently for sale and three homes have been sold in the past three months. The average price per square foot for homes sold is $76.46. This subdivision is located in North East ISD school district in zip code 78239. Homes in this subdivision were built in the 1990’s time frame and start in the low $90,000 price range. For the complete market summary of this subdivision click here. Always consult a licensed Realtor for the most up to date information when buying or selling.

Krishna Perkins, Realtor

San Antonio-Ranchland Hills subdivision housing market summary consist of seven homes total. Five homes are currently still available for sale, one is pending final close and one home has been sold in the past three months. San Antonio-Ranchland Hills is located at the corner of O’Connor and Stahl Rd on the North East side of San Antonio 78247. The average price per sq/ft in Ranchland Hills is $67. Over all this is an older subdivision with starter home prices, located near bus lines, walking distance to schools and groceries. For the best results in your home search or sale be sure to use a licensed Realtor.

Krishna Perkins, Realtor

San Antonio foreclosure market summary describes homes that have been sold and are under contract in the past three months. There are 48 total foreclosures considered in this report from mls areas 1400, 1500, 1600 and 1802 in the past 3 months. Of the 48 North East San Antonio foreclosures 36 have been sold in the past 3 months and 12 are currently pending final closing. The average price per sq/ft for sold foreclosures is $50.35 and the average days on the market is only 56 days. This report tells me that market conditions are strong and buyers considering buying a foreclosure should be ready for some competition when buying a foreclosure. To view the market report click here. When buying and selling real estate be sure to consult a licensed Realtor.

Krishna Perkins, Realtor

San Antonio-Rose Meadows housing market report is a little thin. It’s not a very big subdivision but the houses are only a few years old to brand new. There are two builders working in the subdivision and both are building some nice houses. There are eight homes total in this report. Six homes are available, one is pending sale and one has been sold in the past three months. To view the three month market summary click here. Be sure to consult a licensed Realtor when buying and selling real estate.

Krishna Perkins, Realtor

San Antonio-Royal Ridge housing market report has 39 homes. San Antonio-Royal Ridge is a rather large subdivision consisting of some older town homes, older homes and a brand new section near completion. I actually sold several homes in this subdivision and think the location has a lot to do with it. Located just off I-35 outside loop 410 and NE schools I higly recommend. There are 22 current listings available for sale, 1 home is pending close and 16 homes have sold in the past 3 months. Click here to view the full market summary. As always I encourage buyers and sellers to seek out a licensed Realtor when buying and selling real estate.

Krishna Perkins, Realtor

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.

Krishna Perkins, ABR

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.

Krishna Perkins, ABR

First time home buyers