Posts by Missy Stagers

Don’t Do These Things While Buying a Home

 Here are seven common home-buying mistakes you should avoid.   Are you looking to purchase a home soon? It’s an exciting process, but it’s easy to become overwhelmed and make mistakes. That’s why today I want to share a few common errors you should avoid when purchasing a home:   Don’t buy big-ticket items before closing. Once you get under contract, it’s easy to get excited about buying new furniture or a new car, but try and hold off for a bit. If you make a big purchase before you close, it could affect your credit and cause issues
Read More

Rising Rates Will Change What You Can Afford

 How increasing interest rates affect how much home you can afford.  Let’s talk about interest rates and how they affect you as a buyer.  If you’re planning to purchase a $280,000 home and put 20% down, you would have a monthly payment of $1,869 at a 3.25% interest rate. Right now, our interest rates are sitting around 4%, so that same house and down payment cost $2,014 a month. That’s a difference of $118 every month. That might not sound like much, but every time that monthly payment increases, it’ll raise your taxes, insurance, and more. If you stayed in
Read More

How To Use Option Money

 Settling the dispute of what happens to option money on a backup contract.   Everyone understands that you have to sign the backup addendum to have a true backup contract in Texas. However, there seem to be a lot of questions about what happens with the option money. For a true backup offer, you need a fully executed contract with earnest money. If you’re asking for an option period, you also need option money to go to the title company. If the buyer has the unrestricted right to terminate the backup contract, the termination period begins on the effective
Read More

Important Facts To Know About Leasebacks

 Here’s what both buyers and sellers need to know about leasebacks.   Since we’re in a pretty extreme seller’s market, leasebacks are becoming more and more popular. Today I’ll talk about what leasebacks are, how they’re used, and what you need to know about them before you form an agreement. In short, a leaseback is when the buyer of a property allows the seller to live there for a certain amount of time after the transaction has closed. Essentially, the seller is renting the property they just sold to the buyer. Usually, this is to allow the seller more
Read More

Why You Need To Review Multiple Offers

We have proven strategies for attracting and reviewing multiple offers.   Today I want to talk about how we handle multiple offers and why it’s so important. It’s common to get multiple offers in the current market. It’s also very important to deal with those offers properly, from dealing with the agents and buyers to how we help you as a seller.   First, we list our homes at a specific time to attract more offers. We’ll typically put them on the market on Thursday or Friday, and we don’t review any offers until Monday so that it has time
Read More

Financial Planning in 2022

   Eric Kala of Avid Wealth Partners shares his financial planning expertise. Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report Today I’m joined by Eric Kala from Avid Wealth Partners. He’s a fantastic financial advisor who I go to myself, so I wanted him to share a bit of his perspective on the market and his knowledge about financial planning with all of you. Feel free to watch the full message or use these timestamps to browse specific topics at your leisure: 0:11 — Introducing the guest and
Read More

What’s Going on in Our Real Estate Market?

   Here’s what you need to know about San Antonio’s real estate market. Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report Now that we’re in 2022, what can we say about the end of 2021’s market? Let’s take a look at the numbers and find out. 3,027 homes sold in San Antonio through the end of November, which was a slight decrease from October. Meanwhile, available inventory decreased to 1.6 months. We had 3,323 new listings and 5,437 active listings this November. Homes are extremely scarce right now,
Read More

Your San Antonio Market Update

   Here are the latest numbers and stats from San Antonio’s real estate market.   Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report We’re approaching the end of the year, so I thought it would be a great time to give you an update on our real estate market. This update will cover the latest stats from October and November. Let’s get started! As expected, things have slowed down with the colder weather, but they’re much more active than they were in the past. We’re remaining steady at
Read More

San Antonio’s Most Recent Real Estate Numbers

   Here’s a rundown of the latest news and numbers for the San Antonio market. Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report I know it’s been a little while since I brought you a market update, but there have been some important changes to real estate in the San Antonio area that I wanted to let you know about. Feel free to watch the full message, or use these timestamps to browse specific topics at your leisure: 0:25 — Why are days on market and inventory increasing,
Read More

Preparing to Apply for a Mortgage

   Here’s everything you need when you go to apply for a mortgage. Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report Here are the things you need to gather when you decide to apply for a mortgage: 1. Tax returns. Most mortgage lenders want to see two years of tax returns. 2. Pay stubs. 3. W-2 Forms. They’ll want to see two years of W-2s. 4. Bank statements and assets. 5. Credit score. They will pull your credit history. Make sure you know your credit score before you
Read More