Sign Up For My eNewsletter, FREE!
There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU.
Find Out More >
View All Offers >
|
 Compare
three mortgages at one time. Download TripleCalc now. It's
free. |
The Heart of Texas Realty are
some of The Top Selling Real Estate Experts™
Find Out More > |
Inspired Real Estate (210)481-6767.
|
|
|
|
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
 |
Tax Considerations >Taxable Profits
If you are thinking of selling your home and your house has risen in value since you purchased it, or you have accumulated a lot of deferred profit from previous sales, the Taxpayer Relief Act passed in 1997 could be of tremendous value.
Prior to this law, when a homeowner moved to a smaller home, relocated to a less costly area, or made a decision to rent, they were left with unfavorable tax consequences. The old tax law allowed people who sold their homes to defer tax on any profit by buying a replacement home of at least equal value within two years. At age 55, they could permanently escape tax on up to $125,000 of profit, but any profit in excess of that amount was taxable unless a new home was bought.
The good news is that with homes sold after May 6, 1997, homeowners can make as much as $500,000 tax-free profits on the sale of a principal residence for joint filers or $250,000 for single filers. The $500,000 capital gains exclusion removed taxes as a consideration for most home sellers by giving them flexibility to trade up or down. It has also allowed homeowners to preserve the savings value of a home when they sell, provided they use the property as their principal residence for two of the prior five years prior to the sale.
Consult your tax advisor for your particular circumstance.
|
|
| Q |
Which estate has two pools--one on the east side for the morning sun and one on the west for afternoon enjoyment?
|
| A |
The former estate of John Lennon in Palm Beach has two pools plus guest quarters. |
 See More Real Estate Trivia > |
|
|
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         
HeartofTexasRealty.com is brought to you by
The Heart of Texas Realty
NUMBER1EXPERTS™ in real estate for
San Antonio, Alamo Heights and Spring Branch, Texas Read The Heart of Texas Realty's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
|
NUMBER1EXPERT™
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed. |
- NUMBER1EXPERTS™ 
