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San Antonio or Bust
If you are considering buying a home in the San Antonio area, keep going! According to Ellen Florian Kratz, of FORTUNE, out of all the cities in the United States, San Antonio is forecasted for the highest growth for 2006 and 2007, at a rate of 8.3% and 7.0%, respectively. Check it out here. "So far this year, San Antonio has done even better, with a 9 percent increase in the median price of a single-family home, according to first-quarter statistics released this week by the San Antonio Board of Realtors". Homes in the San Antonio, Alamo Heights and Spring Branch areas are definately reasonably priced. The average price for a single family residential for sale can easily be found for under 200,000 dollars.
Buyers, you are very lucky as this area is booming and the prices are there for the picking! Some of this can be attributed to a stronger economy in Alamo City. There has been job growth as well as a strong retail sector to back it up, thanks to companies such as Toyota and the Bass Pro Shop.
The rental market is still very strong. Rents are averaging approximately $1,100 - $1,200. Also, for approximately 70% of rental properties, the average days on the market is about 60 days. However, it is wise to be cautious if you are considering acquiring a rental property, as the price of your home versus your monthly cash flow may not be where you want it to be. Overall, for the long-term investor, renting here can be a great investment due to a strong rental market that will most likely stay that way thanks to the local colleges, hospitals and a growing economy.
Want to learn more? Contact the Heart of Texas Realty today for a FREE consultation!
Source: Real Estate Center
Working With An Agent >Selecting A Real Estate Agent
Finding the right real estate agent to help you in your search is the important first step to take when you are ready to buy a new home. Some people feel it is better to use someone you don't know--I can't agree with this thought because someone you know will usually go above and beyond the call of duty and have you as top priority at all times.
Knowledge, professionalism and experience are the important factors to consider when selecting a real estate agent. You should also look for someone who listens carefully to what you want in a new home and who knows the market well enough to find the right house for you within a reasonable period of time. Be comfortable with the person you choose. If you feel like the real estate agent is sensitive to your needs and desires, you will feel confident working with that person.
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What famous $40+ million home has a 60-foot pool with underwater music and a 20-car garage?
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The home of Bill Gates, co-founder of Microsoft, features the latest futuristic computer technology. |
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John Thurman, ABR, GRI, CRS
Heart of Texas Realty
13810 Bluff Lane
San Antonio, TX 78216
Phone #: (210) 481-6767
Fax #: (210) 496-2354
John@HeartofTexasRealty.com
John Thurman, ABR, GRI, CRS, is the Broker/Owner of Heart of Texas Realty and Talk Show Host of the Real Estate Focus Show on News-Talk 930 KLUP. He specializes in assisting families’ relocate either across the country or across the street. He is the Charter President of the Rotary Club of San Antonio at The Dominion, Founder and Chairman of Gateway San Antonio Corridor, Inc, and Founder of the First Voice Networking For Realtors in San Antonio.
San Antonio’s Most Listened To Realtor and Host, Real Estate Focus Talk Show on News-Talk 930 KLUP.
RE License # 518954         
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