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~~Meet Team Powerhouse!~~
Beth: Chief Financial Officer, Fashion Coordinator, Wife
Bonnie: Contract Complience, Legal, Education Coordinator
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Darleene: Office Manager, Closing Coordination
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Joelle: Administration, Reception
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Cody, Tyler, Berkley: Director of smiles and chuckles
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Looking to buy a new home?
I have heard several people say they do not need the services of a REALTOR because they are planning on purchasing a new home. There are a few things you need to know about new home sales.....
New home sales reps are not licensed and are not held to any standards of practice
New home sales reps are representing the seller... not the buyer (you!)
Unfortunately it happens all too often, someone goes to a builder and gets involved in the process of buying a new home without any representation. While not everyone has a terrible tale to tell, a lot do.
I recently helped a couple out of a nasty situation in a new home build. The sales rep promised them tons of stuff, put none of it on paper, and strung these good people through a lot of heart ache and head ache that could have been avoided. A wise lawyer once said, a person who represents themselves has a fool for a client!
There are far too many things to watch out for to list here. On the bright and happy side, all my clients that have bought new are completely happy with their home! You can get great incentives from builders and hey... it’s a new home! Where else can you get a cosmetic warranty for the first year?
I think the best way to buy is new, but please do yourself, your emotions and pocket book a favor and consult me first! I have access to all the builders deals and specials they put out each week and can find you the best deals they have to offer. Here are a few builders that I would recommend!
RYLAND HOMES
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San Antonio Market Conditions
While most of the nation's real estate markets are mired in a slump, San Antonio's residential real estate market logged it's third best year ever in 2007 with an appreciation rate of approximately 5%. The local economy is stable due to growth in the local job market, but in June the unemployment rate rose to 4.6%. The addition of Toyota's Tundra Truck Plant, The National Security Agency's Satellite Center, Microsoft, Rackspace and The TPC San Antonio Golf Resort have created many high paying jobs in comparison to the local average wage. Additionally construction at Fort Sam Houston began in January 2008 on a $1.56 billion project and is expected to add approximately 10,000-12,000 jobs during the next three years. That's alot for a city of our size.
Investors are not as active as in recent years but as the national market continues its decline many are betting that SA's prices will not remain among the lowest in the country. High cap and moderate vacancy rates, low price structure and stable market conditions add up to low risk as investors are concerned with declining values in other markets. San Antonio has recently gained national notoriety from Fortune, Forbes and HomeVestors magazines as the place to invest in residential real estate.
During the first half of 2008 inventory has risen nearly 20% from the same period of 2007. Sales are down about 15%. Properties located inside of Loop 1604 are still experiencing high demand. Outside of the loop is a different story. Prices are mostly stable but there are some surprisingly good opportunities out there right now. The one thing that has not made the headlines is the fact that the glut of rental inventory is history and rents are gently rising. Interest rates have fluctuated wildely lately and are around 6.25% for a 30 year fixed rate.
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