Luxury Living in South Texas: This Week's Featured Listing From My Office

J.R. Ewing May Have Been an Oil Barron,

Here You Can Be a Cattle Barron

 
Here's your opportunity to own a working cattle ranch right here in Texas. This spread covers almost 150 acres that slopes gently down to creek fed bottom land. You and the cattle will think you’re in heaven. This working ranch features four fenced grazing pastures, two water tanks, a barn for horses, cows & hay plus a workshop and much more.
 
You won't have to "rough it" in the home. This modern single story home gives you the luxury of a gourmet kitchen that opens to a spacious living room with a fireplace and dining area with beautiful tile and wood floors throughout. 
 
 
     If this sounds like the home you've been dreaming about,        
it can be yours for only  $1,250,000
 
For more details, contact me using the link to the right  
 
Christine Henderson
Changing Real Estate Dreams Into Reality Since 1985  

Fall Buying Season in San Antonio Kicks Off Strong

San Antonio’s fall buying season kicked off strong in September with a total of 2,280 homes sold during the month – a 14 percent increase from last year, according to the September 2014 Multiple Listing Service report by the San Antonio Board of REALTORS® (SABOR). The average and median prices also showed increases as they have all year, with the average rising to $220,366 and the median to $184,700, a seven and nine percent increase respectively. The month ended with 1,757 pending sales.

“This year’s days on market have been some of our lowest in years. September reported just 63 days which is six fewer than September of 2013,” said Missy Stagers, SABOR’s 2014 Chairman of the Board. “Months of inventory was only 4.3 months which continues the trend we’ve seen for nearly two years in which inventory has remained below six months.”

During September, homes priced over $500,000 accounted for nearly a percentage more of total sales than they did in 2013 with those homes making up 4.4 percent of the month’s numbers. Homes priced between $200,000 and $500,000 accounted for 39.4 percent of sales (5.4 percent more than last year) and homes under $200,000 made up the majority of sales with 56.1 percent (six percent less than 2013).

According to Fannie Mae’s September 2014 National Housing Survey, the share of consumers who say now is a good time to purchase a home rose to 68 percent in September, a four percentage point increase from August. The percentage of those who reported now is a good time to sell grew to 39 percent. In San Antonio, this is evident in the increase in homes sold in 2014 compared to 2013, with a total of 18,840 homes sold so far this year. That is a four percent increase from the same period in 2013.

“All year we have seen increases over the previous year in terms of prices and total sales, and September is no different,” said Angela Shields, SABOR’s President and CEO. “While the spring often brings out shoppers who may just be looking, we expect to see more serious buyers in the fall."
 


Luxury Living in South Texas: This Week's Featured Listing From My Office

Doesn't look much like a luxury home, does it?

That's because this is only the guest house!

This guest house is just over 1500 sq ft with a bedroom, living room, bathroom and workroom or office. The main house offers over 3600 sq ft. on a little under 2 acres of land dotted with beautiful oak trees. The interior has been freshly painted and a new roof was added this month.The home offers lots of floor to ceiling built in cabinets and beautiful Saltillo Tile. The kitchen is approximately 26' x 20' and is sure to satisfy the gourmet chef with lots of room to do food prep and then entertain when all is ready. The main home features 3 bedrooms, 2 living areas, 2 dining areas and 4 fireplaces. The oversized master bedroom opens to a balcony and the den gives you access to rear deck. And the view... yes, there is a pool to finish off this dream oasis.
 
 
If this sounds like the home you've been dreaming about,
it can be yours for only  $699,000
For more details, contact me using the link to the right  
Christine Henderson
Changing Real Estate Dreams Into Reality Since 1985 
 
 
 

 

Does the Seller's Disclosure Notice Require Reporting a Death at the Property?

To answer this question we will first look to the property code. The law says: “A seller or seller's agent shall have no duty to make a disclosure or release information related to whether a death by natural causes, suicide, or accident unrelated to the condition of the property occurred on the property.”

This means we do not have to disclose a death that falls under these three given circumstances. However, the third circumstance leaves for some discretion as it states “an accident unrelated to the property.” For example if a death happens because someone had a heart attack this is not something that is related to a condition on the property so would not need to be disclosed. On the other hand, if the death happened as a result of falling into the well on the property, then this is the type of incident that would need to be disclosed.

You will notice that the code makes no mention of a murder on the property. The consensus with regards to a murder has been that since the law provides only specifics about when you do not have to disclose, then the absence of murder from the list would mean the legislatures intended for murder to be disclosed.

I was asked recently by someone, “What if the person was shot on the property but they actually died at the hospital? Is that something I would still need to disclose?” Everyone has their different interpretation of the law but my suggestion would be it is better you tell them than the neighbor tells them the day after closing.

This is an excerpt from a video transcription by Gilbert Gonzalez, SABOR Vice President of Risk Management and General Counsel. If you have additional questions about what you are legally  responsible to disclosure, contact a real estate attorney.

Luxury Living in South Texas: This Week's Featured Listing From My Office

LOTS OF ROOMS WITH VIEWS


 

THIS IS A SHOWPLACE THAT YOU WILL BE PROUD TO CALL YOUR OWN. THIS ALMOST NEW CUSTOM HOME SITS ON GORGEOUS LOT WITH STELLAR VIEWS. FLOOR PLAN INCLUDES 4 BEDROOMS AND 3.5 BATHROOMS IN OVER 32OO SQ.FT. PER TAX RECORDS. FIRST FLOOR FEATURES THE MASTER SUITE, STUDY, AND A SECONDARY BEDROOM. THE REMAINING 2 BEDROOMS AND GAMEROOM WITH A BALCONY ARE UPSTAIRS. LUXURY CUSTOM FINISHES THROUGHOUT, RICH WOOD AND TILE FLOORS, GOURMET KITCHEN AND APPLIANCES. THE COVERED PATIO IN THE BACK OF THE HOUSE FEATURES GREAT VIEWS TO TAKE IN AS YOU PREPARE YOUR BARBECUE FEASTS.
 
If this sounds like the home you've been dreaming about,
it can be yours for only  $649,000
 

For more details, contact me using the link to the right  
Christine Henderson
Changing Real Estate Dreams Into Reality Since 1985

Texas Leads the Nation as a Relocation Destination

On October 1, the Texas Association of REALTORS® released the Texas Relocation Report. Based on U.S. Census data, the report shows that Texas continues to lead the nation in relocation activity and be a sought-after location for people moving from other states.

Dan Hatfield, chairman of the Texas Association of REALTORS®, commented: “Texas’s reign as the top ‘domestic migration destination’ in the nation continues to be fueled by unprecedented economic growth. There are few states that can match the Lone Star State’s current job opportunities, multi-industry growth and residential quality of life. Whether you live in a major metro area or in a small town, Texas is a great place to do business and build a home.”

According to the report, Texas gained more out-of-state residents than any other state in 2013, with 584,034 people moving to Texas from out of state. A majority of these residents originated from California (66,318), followed by Florida (32,619), Oklahoma (29,169), Louisiana (29,042), and Illinois (28,900).

Texas ranked third in the nation for number of residents moving out of state in 2013 (409,977), coming in behind California (581,689) and Florida (423,995) and topping New York (401,440) and Illinois (304,674). Like with incoming residents, a majority of the Texas residents who moved out of state moved to California (32,290), followed by Oklahoma (27,391), Florida (24,226), Colorado (23,490), and Louisiana (21,747).

Overall, Texas had a net gain of out-of-state residents in 2013, with 138,057 more people moving into Texas than Texas residents moving out of state. This report comes six months after U-Haul named Texas the No. 2 growth state for 2013, Houston as the nation’s top destination city, and Dallas as the top U.S. growth city in its 2013 relocation reports.

The 2014 Texas Relocation Report also shows 5-year migration data (2008-2012) on a county-by-county basis for counties within the top 43 designated market areas in Texas. A majority of the top 10 counties with net gains in out-of-county residents were in the Dallas-Fort Worth area (Tarrant, Denton, Collin, and Dallas counties) and in Central Texas (Travis, Williamson, and Bell counties).
Harris and Dallas counties remain the top two most mobile counties in the Lone Star State, ranking No. 1 and No. 2 in Texas, respectively, for both the largest inflow and the largest outflow of people. However, both of these counties posted the highest net losses of residents moving out of county, with Dallas County posting the highest net loss of people (25,461) followed by Harris County (20,222).
The top 10 Texas counties with the highest net gains of people from out of county were spread all over the state, with three of the top 10 counties located in Central Texas (Williamson, Hays, and Travis) but with the DFW-area’s Denton County leading by far with a net gain of 13,754 out-of-county residents.

“Our state needs the right infrastructure to handle Texas’s continued rapid population growth. However, this will not be possible if we do not adopt a new source of transportation funding in November,” concludes Hatfield. “The Texas Association of REALTORS® encourages voters to vote ‘yes’ for Proposition 1, which will provide much-needed funding and a big step forward in eliminating the $5 billion in statewide transportation needs that go unmet each year.”
For the complete list of these statistics or to view individual county data, see the full 2014 Texas Relocation Report. To learn more about Proposition 1, go to texansforprop1.com.

About the Texas Relocation Report
The 2014 Texas Relocation Report is based on data from the 2013 American Community Survey and the 2008-2012 American Community Survey 5-Year Estimates by the U.S. Census Bureau as well as the U-Haul National Migration Trend Reports. The report analyzes county relocation data for the 43 largest demographic areas in Texas. The Texas Association of REALTORS® distributes insights about the Texas housing market each month, including quarterly market statistics, trends among homebuyers and sellers, luxury home sales, international trends, and more.
Article courtesy of the Texas Association of REALTORS®. Click here for the original article.

Luxury Living in South Texas : This Week's Featured Listing from my Office

A Master Bathroom Fit for a Starlet... or YOU!

 
This beautiful, sprawling home features a circular drive. The lot is nestled on 1.34 Acres. The interior features marble and wood flooring, two living rooms, two dining  areas plus a breakfast bar in the kitchen. Other features in this chef's kitchen include two stainless  steel ovens, a warming drawer, five gas top cooking elements, three dishwashers, a butlers pantry and a wet bar with a wine fridge. There is also a library or game room. All this in almost 6700 sq.ft. for plenty of room to have guests or raise a family. Large covered patio leads out to the pool and spa and playscape. There is also a storage/utility building that could be used as a workshop.

All this can be yours for only $875,000

For more details, contact me using the link to the right  
Christine Henderson
Changing Real Estate Dreams Into Reality Since 1985