Jerry Newman's San Antonio, TX Blog 210-789-4216

The Market is Heating up in San Antonio, TX

Attention, Buyers and Renters! This San Antonio Market is heating up for single family residential homes for sale and for rent. “That home that you saw today, and want to go home and think about it tonight. Well, someone else has already looked at that same home yesterday, and they are prepared to make an offer on it Today”. I have recently had a couple of clients who missed an opportunity on buying and renting a single family residential home, because they decided to think on it overnight. In case you don’t know, San Antonio is now in a Seller’s Market, and there is a Short Supply of Single Family Residential Homes.

Sold HomesThis means we are beginning to see multiple offers on many single family residential homes throughout the city. It’s very normal for all those homes that are priced accurately, and staged to sell to go under contract very quickly. Presently, San Antonio has approximately 9,010 single family residential homes available for sale in Bexar County, and the more popular communities are beginning to show competition over the available inventory.

The rental market for single family residential homes shows approximately 1,232 homes available, and many of our property managers have informed me that their very nice rentals are going very quickly. What this means to potential renters, and buyers in the Greater San Antonio and surrounding areas is that procrastination may cost you that first choice. Another reminder is to have that Proof of Funds letter ready for any cash offers, and that Pre-Approval Letter from your lender if you plan to finance the loan. Renters need to have the proper I.D. and Proof of Income too. Many of our property managers will require all potential renters to earn at least three times the rental amount, and some are even requiring that credit scores be above 600.

So why are higher credit scores being sought by property managers? Well, simply because of the competition for rental single family residential homes, and the shortage of inventory. 

Your Military Relocation Specialist "Serving You For All Your Real Estate Needs"

 Call Jerry at 210-789-4216

 Search for Homes in San Antonio, TX

Search for New Construction Homes

 How Much IsYour Home Worth?

email subscriptions

 

Jerry Newman, REALTOR®

US Army Retired

Brown Realty

1802 NE Loop 410 Ste 520

San Antonio, TX 78217

Direct 210-789-4216

 

Helping and Serving the real estate needs of buyers and sellers in the Greater San Antonio, Bexar County, and all the surrounding areas.

Brown Logo

      

Facebook   YouTuveLinkedInTwitter Box

 

 

  
            New MRP Image

 

 

 

                           

                                   

 

 

Texas Real Estate Commission Information About Brokerage Services

 

Texas Real Estate Commission Consumer Protection Notice

 

 Join Active Rain Today! Get Your FREE Membership Account, Then start blogging like a Professional

 

Save

Comment balloon 7 commentsJerry Newman • March 18 2013 09:00AM
The Market is Heating up in San Antonio, TX
share
Attention, Buyers and Renters! This San Antonio Market is heating up for single family residential homes for sale and for rent. “That home that you saw today, and want to go home and think about it tonight. Well, someone else has already looked at… more
The Physician's Loan Program in San Antonio, TX
share
The Physician’s Loan Program in San Antonio, TX I recently read a post by Lenn Harley, What is the Physician’s Loan You Ask? Lenn gives us a very clear explanation and purpose of this loan. I did some research and discovered they are offered at a… more
Open House Today in the Crest at Braun Oaks
share
Open House Today in The Crest at Braun Oaks You don’t want to miss an opportunity to see this lovely 3 bedroom, 2 bath, bank owned foreclosure in the Crest at Braun Oaks today, Saturday, May 5, 2012 from 2 to 4 PM. Come on by and join us… more
Great News for Texas Vets - Loans Limits Have Increased!
share
Great News for Texas Vets - Loans Limits Have Increased! Just off the latest press release, the Texas Veterans Land Board has announced that the home loans and land loans have increased for all our Texas Veterans. Texas Veterans can now take… more
Market Report for Northwest San Antonio 78249
share
Market Report for Northwest San Antonio 78249 The Median sold price was $139, 000 in January 2012, and has climbed to over $170, 000 by April 2012., while the Median Listing price has remained around $163, 000 for all homes in the Northwest San Antonio… more
Greater San Antonio Market Reports for March 2012
share
Greater San Antonio Market Report for March 2012 San Antonio Board of REALTORS® reports median single-family home price up 7. 4% in Mar-12 over Feb-12, sales climb to 1, 324. Comparing the stats from March 2011 to March 2012, that’s quite an amazing… more
Just Listed in Miramar Subdivision, Converse, TX
share
Spacious Home Near Randolph Air Force Base Overview Maps Photos Features Description.. more
Don't Let Myths Stop You From Buying Now!
share
Don’t Let Myths Stop You From Buying Now! There has never been a better time to buy a home than NOW. According to the Washington Post, 2/16/2012, “Mortgage rates hold steady at all-time lows”. Even the San Antonio Express News, 1/20/2012, stated.. more
The Largest Party in Town - Night in Old San Antonio(NIOSA)
share
The Largest Party in Town - Night in Old San Antonio(NIOSA) NIOSA, the largest party in town during Fiesta Week starts Tuesday evening, April 24, 2012 and continues through Friday night, April 27, 2012 in downtown San Antonio at Alamo and Villita… more
2012 Fiesta Oyster Bake in San Antonio, TX
share
2012 Fiesta Oyster Bake in San Antonio, TX Fiesta Oyster Bake 2012! It’s that time of year again to enjoy some great entertainment and food at our Annual Fiesta Oyster Bake held every year on the grounds of my Alma mater, St. Mary’s University in… more