Spring Buying Season is Here!


This years spring selling season is already gearing up for a great Season! Buyers are more motivated than ever for their new home and sellers are excited about increasing home values.

Whethere your a first time homebuyer or not the San Antonio housing market has a lot to offer both buyers & sellers.

In some areas the real estate market is “hopping”. New homes are being sold faster than they can be built and some new homeowners are purchasing great properties for a lower price than five years ago and with a very low interest rate. That’s making today’s buyers feel more secure about their investment.

If you’re a buyer watching the real estate market and wondering if it’s poised for a very strong recovery, here are a few things to think about.

The already low interest rates look like they’ll be around for a while longer. According to the Federal Reserve, more mortgage-backed securities and bonds will be purchased. Currently its purchasing about $45 billion a month. What this could mean is that interest rates could go even lower. Keeping the interest rates low is a strategy to encourage people to enter the real estate market again.

Even though in some areas there have been reports of bidding wars, some buyers still believe the market is somewhat unrealistically high. They’re, of course, hoping for lower prices. As buyers wait things out that causes more stress for sellers who are in a precarious position of potentially missing a mortgage payment on an already “underwater” home.

On the rise are home modifications and short sales. Banks and mortgage servicers are realizing it’s better to work things out together than foreclose. Government laws are also helping homeowners in crisis. The law that allows tax relief for mortgage debt forgiveness (from homes that fell victim to short sales, foreclosures, or “phantom” income on loan modifications) has been extended another year. Meanwhile banks are still taking a hit from the government. It’s expected that billions of dollars of fines, fees, and settlements are still coming. Financial practices are being scrutinized and a federal watchdog group created in 2010 is ensuring legal financial practices are used.

Trouble for some is success for others. Right now, the temptation is great for buyers interested in some deep discounts. According to RealtyTrac, the online entity that tracks foreclosed properties, homes sold in foreclosure nationwide were, on average, 39 percent lower than conventional sale prices during the fourth quarter. Some markets offered even greater discounts on home prices. Short sales also offered a good price for buyers, averaging 23 percent below market.

However, if you decide to purchase a foreclosure or a short-sale home, you should know that these homes may be in poor condition. If the property is purchased by a buyer who wants to live in the home, this can be challenging. Getting through the laundry-list of repairs will require some extra income other than that used for the downpayment of the home. But you could get a very good price if you’re willing to live with some of the home’s issues.

Some of the areas that often top the list of necessary repairs for these types of homes are in the plumbing, heating, and air conditioning systems. Also, damage to the roofs, ceilings, and walls may be from the property being vacant for a long time and/or vandalized (in some cases by the angry former owner).

If you can find a home at a discounted price and you have the ability, patience, and money to do the repairs, this is a very good time for you to start your hunt. Just be sure to have the home inspected carefully and completely understand the condition of the home that you are buying.

Remember to have fun with your homebuying experience as it will be one of the things you definetly will remember for years to come.

Please contact our office so we may assign you one of our Top Agents.


Scott Myers, Century 21 Scott Myers, RealtorsC21 Black Bkgnd

Destination: Playa Del Carmen


Today I wanted to share with everyone about a special Getaway that my wife Joan and I recently visited. I honestly have to say that this is one of the most exotic and beautiful places we have ever been to and has loads of fun for the entire Family. The destination is Playa Del Carmen, Mexico.

Starting off, Joan and I traveled to Playa Del Carmen with An American Airlines Vacation Package flying to our first stop in Dallas with a short lay over then a 2 1/2 hour flight into Cancun Airport.

It was an all-inclusive from the flight to the meals to the Incredible hotel stay. I might add that everything was first class from the Room to the service and all the way to the open bar.

We stayed at the Royal Playa Del Carmen which is about a 50 minute ride from the Cancun airport. I have to say that this resort is fabulous with seven restaurants and two sparkling pools.

We eventually ended up dining at 5 of the 7 restaurants and every single meal was Fantastic! Playa Del Carmen is right on the Caribbean and the water there is a beautiful turquoise color.

For a first class resort, this is one of the most economical trips you can take. Also, the rooms at the resort have hot tubs in each of them and they are among the largest hotel rooms I have ever stayed at.

Playa Del Carmen was fun & exciting and recommended to everyone looking forward to taking a trip. Playa Del Carmen is definitely on our list of places to go back and visit very

playa1Hope you enjoy!

Scott Myers