Abel Garza’s Blog

I have just joined the prestigious firm:

EXIT New Century Realty.

With Exit’s winning formula, staff support, training and technology I will be able to better serve your real estate needs in buying and selling.

New listings are coming soon.

ATTENTION BUYERS

I am holding two open houses this weekend of 3/28.

The first is on Saturday, March 29th from 2pm to 4pm.

The address is 5559 Dashing Creek.   This is a 3/2 home priced at $104,900.

The second is Sunday March 30th from 2pm to 4pm.

The address is 10910 Mustang Spring.   This is a 4/2.5 home priced at $212,900.   This house has many upgrades!

 See you out there this weekend!

Abel

Two listings have just been reduced in price.

The property at 10910 Mustang Spring has been reduced to $212,900 and is on a short sale. All offers are being considered.

10631 Shaencrest has also been reduced to $109,000 and has had a make-over.   I will be holding an open house for this home on Saturday, March 22nd from 3pm to 5pm. Come by and visit!

As of March 1st, there are stringent guidelines in obtaining a mortgage loan.   The news indicates there are a large number of foreclosures and those in that predicament fit into certain categories.   They have a couple of things in common.   For one, most had a credit score below 580 and received some type of down payments assistant. In other words they had a zero down program, didn’t have anything invested in the property and now are foreclosing.   So now there are no, no money down programs available. If you want to buy a home in today’s market, your credit score better be above 580 and make sure you have 3% of the loan to put down. So if you are buying a $100,000 house then you need at minimum $3,000 to put down plus closing costs. So you could be looking at about a total of $5000 at closing.   New builders are offering incentives like paying for closing costs but if you are going with a pre-owned then your real estate agent plays a crucial role. He or she  needs to go to bat for you and negotiate the seller pay some of the closing costs dependent on the type of loan you are working with. So make sure you keep up-to-date with all bill payments and put some money in the bank, and with a little discipline you can be in a better position when you go to buy your dream home.

My article, First Time Buyers Don’t Be Scared, on the importance of good credit will be published in the Southside Reporter on March 6th!!! In the article you will find the basics of the credit report and tips for improving your score.

I have just completed part 1 of my advice to first time buyers: First Time Buyers: Don’t Be Scared.   This is part 1 of 7. Next weeks article is the importance of having a real estate agent on your side.

Welcome to Abel Garza’s Blog! This blog will provide you with valuable information, tips, and general insight into the real estate market in San Antonio.