SOLD - 9711 Copper Oak, Converse, TX 78109

9711 Copper Oak, Converse, TX 9711 Copper Oak, Converse, TX 78109 Bedrooms: 3 Bathrooms: 2 full Living Area Approx: 1580 List Price: $Get Current Price Schedule a Showing Search All Homes For Sale in Zip Code 78109 Search All Homes For Sale in San Antonio What Is The Market Value Of Your Home? Avoid Foreclosure Short Sale Homes For Sale San Antonio Real Estate News You Can Use See Property Details Call 210-232-2310 for more information on this or any other property. Visit Property Website Private Summer Retreat at your one story home with in-ground pool w/waterfall! All Windows replaced this year! Hardwood floors, stainless appliances, ceramic tile in Breakfast-Kitchen-Baths-Front Porch and Entry! Granite Counters in Kitchen, brushed bronzed light fixtures Dream decks covered patio (12x18), AC installed 2006 w/warranty till 2016, Clean, Clean, Clean! Privacy fence, 2"faux wood blinds, upgraded carpet, touchscreen thermostat, landscaped front/back yard! Have questions? Ask me. Courtesy: Randy Elgin Email Me Now 210-232-2310

The information on this web site is deemed to be correct but is not guaranteed. All properties or information contained on this site are subject to prior change, modification, sale or withdrawal from the market. REALTOR® is a registered trademark that identifies a member of the NATIONAL ASSOCIATION OF REALTORS

SOLD - 9810 Morningfield, San Antonio, TX 78250

9810 Morningfield, San Antonio, Texas 9810 Morningfield, San Antonio, TX 78250 Bedrooms: 4 Bathrooms: 2 full, 1 half Living Area Approx: 2300 List Price: $Get Current Price Schedule a Showing Search All Homes For Sale in San Antonio Search All Homes For Sale in Zip Code 78250 Search All Homes For Sale in Northwest Crossing What Is The Market Value Of Your Home? Avoid Foreclosure Short Sale Homes For Sale San Antonio Real Estate News You Can Use See Property Details Call 210-232-2310 for more information on this or any other property. Visit Property Website Huge Living room and Kitchen - Large Back Yard Too! Massive Master Bedroom Suite fit for a queen! Well Maintained & Move In Ready - Spacious and comfortable bedrooms with great closet space - Affordable HOA Fees and close to everything including HEB, WalMart, Restaurants and Shopping. Come buy 9810 Morningfield today. Have questions? Ask me. Courtesy: Randy Elgin Email Me Now 210-232-2310

The information on this web site is deemed to be correct but is not guaranteed. All properties or information contained on this site are subject to prior change, modification, sale or withdrawal from the market. REALTOR® is a registered trademark that identifies a member of the NATIONAL ASSOCIATION OF REALTORS

SOLD - 6911 Shadow Run, San Antonio, TX 78250

6911 Shadow Run, San Antonio, TX 6911 Shadow Run, San Antonio TX 78250 Bedrooms: 3 Bathrooms: 2 full Living Area Approx: 1584 List Price: $Get Current Price Schedule a Showing Search All Homes For Sale in Northwest Crossing Search All Homes For Sale in San Antonio Search All Homes For Sale in Zip Code 78250 What Is The Market Value Of Your Home? Avoid Foreclosure Short Sale Homes For Sale San Antonio Real Estate News You Can Use See Property Details Call 210-232-2310 for more information on this or any other property. Visit Property Website San Antonio Short sale Real Estate Market. 6911 Shadow Run is a short sale and has a fantastic floor plan suitable for a home buyer or investor. This 3 bedroom, 2 bath, 2 car garage property located in Northwest Crossing is close to the Dover Ridge Pool, Tennis Courts and one of many parks in the community. At 1584 square feet this home is sure to please a do-it-yourself handyman or Investor. Come buy 6911 Shadow Run, San Antonio, TX 78250. Have questions? Ask me. Courtesy: Randy Elgin Email Me Now 210-232-2310

The information on this web site is deemed to be correct but is not guaranteed. All properties or information contained on this site are subject to prior change, modification, sale or withdrawal from the market. REALTOR® is a registered trademark that identifies a member of the NATIONAL ASSOCIATION OF REALTORS

How much home can you afford?

There are almost 12,000 homes for sale in San Antonio, TX and I've been answering the question "So how's the market" with the response "It's actually very good... Why do you ask?"

In the last few months I've met a lot of first-time home buyers and a lot of them are timid and concerned about the process. Well, when I read the April 25th edition of the San Antonio Express-News article How much house can you afford? I knew I needed to respond.

First off it was a very good article and believe that first-time home buyers should read it on-line if they get the chance. The first thing a buyer should do is to get pre-approved with a Mortgage Banker. Now one of the things that everyone should remember is that the lower the interest rate the higher the price of the home you can purchase. However; the caveat with this obvious rule is that no one should ever spend more money than what makes sense with their budget.

The other thing to remember about interest rates is that right now while they are very low, they are also extremely volatile and can go up very quickly. The chances of them going lower is slim based on everything I've read lately and what I've been told from reputable mortgage bankers like WR Starkey. The relationship between the cost of a home decreasing by $5,000 and the interest rate increasing by 0.5% means that you would increase your monthly payment by about $3-5 per $100,000. If you want to prove this for yourself, look at the principle and interest on a $100,000 home at 5.5% and compare it to a price decrease of $5,000 ($95,000) and an increase of 0.5% (6.0%). Once proven, you should immediately call your Realtor and schedule a meeting to view homes that day.

The last thing I'd like to comment on is what to consider when purchasing your first home and that is resale. The Express-News indicated that first-time home buyers typically stay in their homes 4 years so yes, resale is very important when purchasing for the first time. Buying a home at the right price, that will retain and hopefully increase in value is extremely important. So choosing one that is very old, unique, a fixer-upper, and appeals to your unique tastes may not meet the "resale" factor. So what is it that I recommend? Vanilla homes. You know, the typical 3 bedroom, 2 bath, 2 car garage with a good floor plan in an area that is notorious for consistent sales year after year. So how do you find these homes... meet with a San Antonio Realtor.

Thanks for reading.

First-time Home Buyers

Remember when I said I read the real estate section of the newspaper? Well this blog is about the Guide for the first-time buyer article that was written in the March 22, 2009 edition of the San Antonio Express-News.

What a lot of great advice!

First off you should get your financial paperwork in order and get pre-approved before you start looking for a home. I have a suggestion that differs from the article and that suggestion is to get pre-approved through a Mortgage Banker not a broker. The article states that you should be pre-approved to know what you can spend on a house but I take it a step further. With my clients I believe they should know what the monthly payment is they are comfortable with so that they can not only enjoy the home but continue enjoying life too. Lots of times the lender will pre-approve you for a home that has a payment higher than what you want to spend on a monthly basis. What needs to be understood is that they do this based on the data they are provided and the Mortgage Banker you hire should be your advocate and understand what you are comfortable with paying monthly.

Foreclosures are discussed in the article and I believe they should not be considered at all if there is a lot of visible damage such as rot, holes in walls, or roof damage especially if the first-time home buyer is going to get a VA or FHA loan. Why is that? Well there will be lender required repairs and the bank won't do them usually. At times your lender may be able to put together a repair escrow so definitely ask about this when you sit down with your Mortgage Banker.

Disclosure of your income, debts and liabilities is extremely important when you meet with your Mortgage Banker. The reason for this that your lender will need to verify all the information you provide so that when you do find the home you want to purchase there is less of a chance that the loan won't be denied. Remember that just because they may qualify you for an expensive home doesn't mean you have to buy one that high.

Shopping - Wow with over 11,000 homes for sale in San Antonio at http://www.sarealtywatch.com/ you can get so caught up in the shopping thing that you can absolutely be traumatized and stunned into inaction. So my advice to you is to sit down with a REALTOR who will educate you on the market and help you outline your wants and needs.

When I sit down with first-time home buyers we discuss their dreams and successes thus far and end up with a path towards owning a house that becomes a home. It is incredibly satisfying.

Credit Scores and San Antonio Homes for Sale

I read the newspapers every week... Well at least the real estate section. On April 11, 2009 the San Antonio Express-News published an article titled When the Score matters and I have a few comments about it.

It explains how your credit score can affect your ability to purchase a home and what you can do to lower the interest rate on a mortgage when you purchase a home. My thoughts on this article are directed towards those individuals out there who may be thinking that they will never be able to purchase a home and fear is holding them back. So what should they do?

1. Stop living in fear! Listen up everyone, there is hope out there, but you need to Take Action to help yourself.

2. Get a hold of a Mortgage Banker and have them pull your trimer credit report. With this report that has all 3 of your credit reports on it, you can figure out exactly what companies need to be contacted and what needs to be discussed.

3. Follow-up and Follow-through with all the companies that need to be communicated with.

These companies can be identified with the help of your mortgage banker. Oh, if you are wondering why I specifically mention a mortgage banker instead of mortgage broker is because a mortgage banker has more control of the process from loan application to closing than a broker does.

Sometimes the steps needed to increase your credit score are numerous but sometimes there is a silver lining and only a couple things can be done and the score can be increased quickly. So what are you waiting for? Please contact me via my website at http://www.sarealtywatch.com/ and look at my preferred vendors list.

1031 Exchange and leveraging money

My first comment here is that I just found an error in my commercial newsletter I sent out the other day. Here is what I wrote:

There are two points that need to be closely adhered to in order to qualify for a 1031 exchange. First, the total purchase price of the new investment property must be equal to or greater than the property being purchased. Second, all the equity received from the initial sale must be used to purchase the replacement property. If there is any shortfall in the purchase price of the similar property, the investor will be liable for any capital gains taxes associated with the sale.

Now the first point is correct with the exception that the last word in that sentence should be "sold" not "purchased". Please forgive this error as it can be pretty critical! To read the entire newsletter please read Business Success Today at http://www.sarealtywatch.com/.