Jan

18

San Antonio Median Home Prices

Posted by kevincooper1 under Anton

While median home prices in November rose to $164,200 from $162,500 in October, they are down 3.5% from a year ago. David Stiff, chief economist at Fiserv, stated, “Housing affordability has improved dramatically because of declines in both prices and mortgage interest rates. The monthly mortgage payment for a median-priced single-family home is now $700, compared to $1,140 in 2006—a decline of nearly 40%.” (Based on 2011 Q2 figures)
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If one of your New Year’s resolutions is to sell your San Antonio home, here are a few things to keep in mind:

Although the traditional home-buying season starts in the spring, here are some reasons why listing your home now, rather than waiting, could prove to be a smart decision.

On average, the number of home sales in January drops almost by half from the previous year’s peak. A house that is priced right and staged well will stand out even more with less competition.

Lenders, home inspectors, movers, and other vendors also see a seasonal dip in transactions. This could mean a quicker, easier, and possibly cheaper time to buy, sell, and move.

Even if you’re not ready quite yet, now is a great time to start the conversation with your local real estate agent. He or she can give you pointers on which repairs and preparations to tackle first, and which ones may not be necessary, saving you time and money. Starting now can help you capture the most buyers by busy season. 

Jan

17

San Antonio Market updates

Posted by kevincooper1 under Anton

January 2012 Market Update
2012 shows signs of an improving housing market as the U.S. economy continues its forward-moving yet slow road to recovery. Although there are economists projecting housing prices will decline further, aided by distressed property sales that sell at a greater discount, these prices are expected to rebound considerably later in the year and continue into 2013.

Factors that continue to impede a speedier recovery in the housing are consumer confidence, job-growth uncertainty, and tough lending standards that keep many otherwise qualified buyers from financing a home purchase. However, consumer confidence may be showing signs of improvement according to a report released by Fannie Mae on December 7, which revealed that consumer sentiment toward home prices is stabilizing and that, for the first time in six months, more people believe that prices will soon begin to rise. This is an encouraging development, as much of our economic vitality depends upon the overall confidence of the consumer, and could trigger even stronger home sales as more people feel confident that prices will go up.

As the new year begins, many consumers appear to be in a holding pattern, waiting to see how the economy reacts to the different demands both here and abroad. Yet with steadily increasing sales and record-breaking affordability, now is the time to take advantage of these opportunities to buy or sell a home.

Search for homes at www.SearchSAhomes.com

Jan

4

 HOME SALE CONTRACTS UP
The good news? The National Association of Realtors said its pending home sales index reached a 19-month peak in November, moving to 100.1 for a 5.9% annual gain. The bad news? The October edition of the S&P/Case-Shiller Home Price Index slipped 1.2% from its September level.4,5

 

The San Antonio home market IS moving no matter what media reports say.  We are seeing the homes that are priced “acurately” and look their best, are selling for their asking price or sometimes more.  In essence they create their own market.  Over priced homes are just sitting on the market.

For more information or assistance go to KRCooperEstates.com

Dec

28

Less is Difinitely More!

Here are a few tips to make your home more attractive to a potential Buyer:

Reduce Clutter

• Clean out closets, pick up clutter, and pare down what’s inside. That goes for those treasured photos momentos to. The reason? Besides adding a spacious feel to the home, pared-down surroundings can help potential buyers better envision themselves and their family photos in the house.

• Pack away items and special collections usually displayed in cabinets and hutches, and move a few pieces of furniture out of the house. This will help buyers to better see where their furniture might go in the house.

• Don’t forget to keep the house clean every minute it’s on the market. This takes great effort, but the buyer may need to see it in the next five minutes, and you’ll need to be prepared.

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Tone Down Your Creativity

• So, you like your house to “say something” about your personality. Well, it’s time to tone it down. Go buy some plain-vanilla paint to cover those red-and-purple walls in your boudoir- it’ll make a difference when you’re trying to sell your home. Many buyers can’t see your Picasso genius (and just can’t get past the splatter-paint wall in the
living room) to visualize colors they’re more comfortable with.

• If you’ve got an Italian fresco on a living room wall that stops people in their tracks, they may lose sight of the rest of the home’s wonderful features. If you’re resistant to do anything about it, ask someone you trust to give you an independent view of your home. Better yet, ask your REALTOR or an appraiser if the house looks cluttered or if any colors are too bright. Some may see bright colors as gaudy. Listen to their answers and take their advice.

By “paring down,” organizing and carefully sorting your possessions, you’re ensuring that your home will appeal to the greatest number of potential buyers. Remember to remove about half of the items stored in closets and cabinets and toss or give away things you don’t use. Not only will de-cluttering and cleaning help to sell your house quickly, you’ll be
ahead of the game when it comes to packing up and moving to your new location

Dec

15

You Will Love This Gorgeous Well Built Home In A Wonderful Area On A Quiet Culdesac! Large Over sized Corner Lot Studded W/ Mature Oaks. Warm & Inviting Entry Opens To Large Family Room W/ Soaring Ceilings & Cozy Fireplace. Updated Gourmet Kitchen Features Pro Gas Stove. Large Master Suite W/ Walkin Closets & Garden Tub. Florida Room! Relax On Your Private Deck Under Shady Oaks. Sparkling Pool,Lush Landscaping. Fresh Paint, New Carpet! A Quick Trip To New HEB Marketplace, Med Center, I-10 or Either Loop!!

Full Details

 

Listing Courtesy of Kevin Cooper, Keller Williams Realty

Dec

15

You Will Love This Gorgeous Well Built Home In A Wonderful Area On A Quiet Culdesac! Large Over sized Corner Lot Studded W/ Mature Oaks. Warm & Inviting Entry Opens To Large Family Room W/ Soaring Ceilings & Cozy Fireplace. Updated Gourmet Kitchen Features Pro Gas Stove. Large Master Suite W/ Walkin Closets & Garden Tub. Florida Room! Relax On Your Private Deck Under Shady Oaks. Sparkling Pool,Lush Landscaping. Fresh Paint, New Carpet! A Quick Trip To New HEB Marketplace, Med Center, I-10 or Either Loop!!

Full Details

http://www.searchsahomes.com/listing/mlsid/214/propertyid/922047/syndicated/1/cgltguid/DABF5251-B7CC-4F90-BACE-F220FCFB2BF1/?ts=crg

Listing Courtesy of Kevin Cooper, Keller Williams Realty

Dec

12

Mortgage applications rise!

Posted by kevincooper1 under Anton

MORTGAGE APPS RISE ALMOST 13%
The Mortgage Bankers Association reports that home loan demand hit a four-month peak in the week of November 28-December 2. According to Freddie Mac’s latest figures, the average rate on the 15-year FRM was 3.27% last week; interest rates on 30-year FRMs averaged 3.99%.

Dec

7

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Words, Words, Words

How well do you know some of the different words used to describe people working in Real Estate? Do you know what these mean?

deed
The legal document conveying title to a property.
deed-in-lieu
Short for “deed in lieu of foreclosure,” this conveys title to the lender when the borrower is in default and wants to avoid foreclosure. The lender may or may not cease foreclosure activities if a borrower asks to provide a deed-in-lieu. Regardless of whether the lender accepts the deed-in-lieu, the avoidance and non-repayment of debt will most likely show on a credit history. What a deed-in-lieu may prevent is having the documents preparatory to a foreclosure being recorded and become a matter of public record.

For more tips go to: www.KRCooperEstates.com

Dec

7

How to Negotiate the Best Deal
Floatingmoney

Buyers are finally being able to take advantage of cooling trends in previously hot markets. Multiple offers are no longer being thrown at sellers as soon as the For Sale sign hits the front yard. Here’s a tip:

Find the sellers motivation. Why are they selling? Why is that important to them?  What will that do for them?  With these answers in mind, craft your offer to match their true needs and wants while getting what you want. Always strive for a Win – Win and you come away with good value.  There is no such thing as “something for nothing”. Many buyers swim around like sharks trying to steal a property and end up being frustrated because they cant get a seller who wants to play ball. 

Bottom line…Be aggressive as well as fair, and appeal to their needs as well as your own. 

Make sure you get a home inspection. Structural inspections are particularly important. During these examinations, an inspector comes to the property to determine if there are material defects and whether expensive repairs and replacements are likely to be required in the next few years. Such inspections often require two or three hours, and buyers should attend. This is an opportunity to examine the property’s mechanics and structure, ask questions and learn far more about the property than is possible with an informal walk-through. What you hear could mean thousands of dollars to you.

For more selling tips go to: www.KRCooperEstates.com

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