Proposed Mortgage Lending Changes

Just when you thought it was safe to go in the water....
FHA notes currently require a 3.5% down payment and the ability to allow a seller to contribute up to 6% toward a buyer's closing costs. The proposed changes for the spring or early summer of 2010 will remain 3.5% down with a good credit score and will rise to a wopping 10% down for scores under 580...
Seller contribution will also be reduced from 6% to 3%.
Now if that's not enough to get a contemplating buyer off the fence, the FED will be winding down some of their current programs that have been keeping the interest rates low.
So buy now and get a great interest rate and the seller to pay for your closing costs with minimal downpayment...or wait till later and see what it could cost you.
Currently our San Antonio housing market has much to choose from with great pricing...our home values here didn't take a nose dive and they are starting to improve in many locations...so I wouldn't anticipate a lowering there with the exception of the foreclosed homes.
For more information or a free San Antonio Home search go to www.HollyGHomes.com.

2814 Crusader Bend...Home for Sale in Cibolo!

This beautiful one story home has a wonderful open floor plan and what a deal...! Smart elegant and spacious living close to Randolph AFB, great shopping and dining. Sprinkler system and covered patio in a very peaceful neighborhood.




For more information on this listing or a free San Antonio home search, go to www.HollyGHomes.com and don't forget the clock is ticking on the home buying tax credit!

Home Buying Assistance from the City of San Antonio

The city of San Antonio is again offering help to home buyers in 2010 by offering classes for home buyers and down payment assistance. There are stipulations and qualifications and limitations as you may have guessed...here are a few brief highlights

* home must be in the City of San Antonio taxing authority

* upper limit for price at $110,000

* max assistance of $12,000 to be repaid at 3% interest rate

For much more in depth information on the available programs go to www.sanantonio.gov/nad/hip

For more info on San Antonio Real Estate or a free San Antonio home search go to www.HollyGHomes.com

Strong & Stable Real Estate Market in San Antonio

There are many contributors to the strength of the San Antonio Real Estate Market...our strong Military Bases, New business and new employment, tourism and our great Texas weather.




San Antonio Mayor Julian Castro gives a great summation of conditions here. Texas is a great place to be from an economic (among others) standpoint!

For more information or a free San Antonio Home search go to www.HollyGHomes.com

Why Hasn't my House Sold Yet???

...Well there are 4 Prongs to getting a home sold: Price, Condition, Location, Marketing.
1. Pricing your home correctly is more important than ever in this market. It is still a buyer's market so attracting more qualified buyers is crucial. You will have missed opportunities if your home is overpriced for your neighborhood. Now with all of the mortgage reform, the price of the home must pass the appraiser...their processes and standards have become much more stringent.
2. Condition...There are many homes on the market today so yours must win the beauty contest to be sold. The home must have great curb appeal, be clean and uncluttered, and staging doesn't hurt either.
3. Location...this is one of those things that we can't change but directly effects whether or not someone will be attracted to your home...next to a busy street, power lines, landfill...whatever someone might not find appealing.
4. Marketing...In addition to your agent putting your home in the local Multiple Listing Service, your home should be advertised in at least 30 different internet listing portals, great photos, and perhaps a virtual tour.

For more information or help with listing your home in San Antonio, go to my website at www.HollyGHomes or email me at hollyg@kw.com.

Home for Sale in Greenshire...Schertz, Tx

This home is spacious and beautiful! go to www.HollyGHomes.com for more info.

Home For Sale 2824 Red Bud Cir in Schertz Tx

Spacious Home in the peaceful subdivision of Greenshire. Listed at $220K with 2635 square feet, 4 bedrooms, 2.5 baths and a 2 car garage with shady mature oak trees in the front and back yard!!! For more information and photos go to

http://www.propertypreviews.com/realestate/13616/2824_red_bud_circle_schertz_tx

or www.HollyGHomes.com