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King William Historic District Market Update-March 2015

Pioneer Bakery
Pioneer Bakery

Wow, the King William Historic District homes for sale market is really heating up! Like most of San Antonio, King William’s inventory is low.  The average list price is $443,625 with the average sales price being $538,000.  Last March, the average sales price was $287,500.   These figures are based off only a handful of properties. With all the recent attention on our city’s urban core, we are seeing buyers and investors are really take note of this neighborhood.

Contact Sara Gerrish for more info. 210.639.8151

Data from San Antonio Board of REALTORS®

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Homestead Exemption

It’s that time of the year again. File your homestead exemption! If you purchased a property and have occupied it as of January 1st, you are eligible for this exemption.  You may be getting correspondences in the mail offering to file for you. This exemption is FREE to file yourself. The deadline is April 30th of the year you are filing for.  The exemption form may be found at Bexar County Appraisal District’s link below. Other exemptions that you may qualify for are also listed on the form.

Let me know if you have any questions, I would be happy to help.

http://www.bcad.org/data/_uploaded/file/PDFs/50-114.pdf

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San Antonio Real Estate is Heating Up!

Hello! I am so sorry readers that I have been ignoring woohoo4sa for a while.  I get really wrapped up in the holidays and work has been crazy!  In San Antonio, we really have been seeing the real estate market transition from a buyers’ market to a sellers’ market. Why this transition? Simply put, there are not enough homes on the market for all the buyers that are currently looking.  What does that mean for today’s buyer?  Less houses to look at.  And when you finally do find a house that you are ready to make an offer on, you may find yourself in a multiple offer situation.  Here are a few tips that can help buyers in their process:

1.    Be patient.  Low inventory means less homes for you to look at. If your real estate agent says he or she has shown you everything currently listed, they are are probably telling the truth.  You and your agent will have to check everyday to see what is new on the market.

2.  Get your finances in order. When you find your dream home, you have to be ready to make that offer. Now more than ever, sellers are not going to consider your offer without a prequalification letter from your loan officer.  Do not assume that sellers today are going to pay for all your closing costs.  With multiple offers, sellers have their pick and choosing of the offer that is best for them.  In some markets, buyers are offering more than list price.

3.  Select an experienced & proactive real estate agent.  Your agent needs to be diligently checking for new inventory that fits your needs and pass that information along to the buyer.  Sometimes looking for new inventory is more than searching the MLS. I have seen agents knock on doors that are not currently listed and ask if they are willing to sell.  With the rising amount of pocket listings (non-MLS), agents need to have a good working relationship with other agents so that they can find out about these sort of properties. That being said, the buyer needs to make sure they have good communication with their agent. An agent and buyer who are not aware of the homes that are new on the market WILL miss an opportunity.  An experienced agent will help guide you in this market and make sure you find the right home.

 

What do you think of our sellers’ market? Do you have any tips of your own?

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Mortgage Rates Are Increasing!

If you have been keeping up with the news, you may now know that mortgage interest rates are no longer record lows.  Financial analysts are predicting rates to increase to 5% by mid 2014.  While in the middle of searching for the perfect home, I have had a couple of buyers’ purchase power decrease because of the rising interest rates.  In one case, a couple I had been working with had their purchase power decreased by fifty thousand over a few months.  Needless to say, it’s pretty shocking news. It is important to make sure you have communication with your mortgage loan officer about how current interest rates can affect you.

Don’t let the rising mortgage rates scare you about the purchase of a home.  Home ownership is still attainable!  It was just a few years ago that we thought an interest rate in the 5’s was rock bottom.

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Southtown Farmers & Ranchers Market

I was pretty excited when I heard there would be a Farmers market within walking distance of my house. The Southtown Farmers & Ranchers Market is open every Saturday “rain or shine” at the Blue Star Arts Complex from 9AM-1PM year-round. Debuting in Mid-June, my husband and I recently got a chance to walk over to Blue Star and check out San Antonio’s newest farmers market. Smaller than the well-known Farmers Market at Pearl, this market is still worth the visit.

Honey Lessons
Honey Lessons

There was a pretty good mix of vendors to browse through on a leisurely Saturday. My husband and I are on a Goldrush kick (a tasty bourbon cocktail mixed with honey and lemon) so we were pretty interested in Gretchen Bee Ranch’s stand. We were give delicious samples of honey and a lesson on how honey can taste different depending on the type of flowers the bees have been visiting.

Frio County Huajilla
Frio County Huajilla

I tried to get my husband to purchase the gallon size (honey goes quick in the Gerrish household) but we ended up getting 16 ounces of heaven known as their Frio County Huajilla blend and a beeswax candle in the shape of a beehive.

The Farmers market, like many other Southtown places, is dog friendly. There were dog bowls of H20 ready for your 4 legged friends. We left Toby and Roxy at home but made a stop at Katie’s Jar with them in mind. This vendor specializes in natural and homemade treats for dogs. We ended up getting our dogs the “Good Dog Sampler”. It was filled with various empanadas filled with dog loving tastiness such as lamb, beef and sweet potatoes.

Dog Empanadas
Dog Empanadas

We almost laughed out loud when we were told to make sure to keep it refrigerated because of the treat’s freshness. Our dogs gobbled them all up as soon as we got home. No time for refrigeration.

Given all the walking around, we were pretty hungry. There were a couple of vendors with food to taste but given my

Cheeks & Chops
Cheeks & Chops

current obsession with food trucks, I was a little dissapointed that there was only one to choose from. I had to keep in mind this market is still pretty new and the word is still getting out. The one food truck on site was called Cheeks & Chops.  Cool name. Perhaps more will park in the future.

Tasty Carrots
Tasty Carrots

We ended up decided to grill on our own and headed to a farmer’s booth to got some side dishes. The veggie selection was pretty impressive. We got some ears of corn and an explanation why our corn tops were eaten up (no pesticides). This was new to me but my Iowan born husband was already “in the know”.

 

This market is still growing and is a fun,free place to hang

Cute Candle
Cute Candle

out. Help get the word out and support your local farmers!

For more info check out:
http://www.southtownfarmersmarket.com/
http://www.gretchenbeeranch.com/
http://www.katiesjar.com/katies_jar/Welcome.html

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SOLD 714 Topeka Blvd San Antonio, TX 78210

I love looking and selling historic homes. They just do not make them like they used to! Features such as hardwood floors, high ceilings, and built-in ironing boards are some of my favorite characteristics in older homes. Check out this 2 bedroom, 1 bath home in the charming Highland Park neighborhood. It was built in the 1940’s.

What do you think of historic homes?

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Free Parking for Hybrids!

As a real estate broker, I drive around town a lot. When it came time to look for a new vehicle, my husband and I knew that we needed to seriously consider a hybrid. Not only is owning a hybrid better for the environment but the savings in gas is tremendous! We have been pretty pleased with our decision. Today, I just found out about a program geared to hybrid owners. FREE parking at city meters! It looks like you need to fill out an application and submit requested documentation to get your parking pass. For questions, call the city of San Antonio Parking Division at 210.207.8266. They were pretty helpful. Link below to the application.

http://www.sanantonio.gov/dtops/HYBRIDVEHICLEPROGRAM5.pdf

Will you take advantage of this program?

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SETH 5 Star Advantage Program

For home buyers, there are many programs available to help with the down payment. I have recently come across an exciting program called the SETH 5 Star Advantage. This grant allows up to 5% of the sales price. Like many programs, there are income and credit score guidelines to qualify. Check out senior loan officer, Rae Saldaña, as she explains the details.

So far, I have had 2 buyers use this program with positive results. Hope to have many more in the future! Let me know if you have any questions.

538 Creath Pl

SOLD 538 Creath Pl, San Antonio, TX 78221

Located in one of South San Antonio’s most popular neighborhoods, this 4 bedroom | 2 bath home is ready to be called home! Approx 1860 sq ft per BCAD, this one won’t last long. Take a look below and let us know what you think.

Call me if you have any questions or would like to schedule a showing.