JULY 2021
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OFFICIAL MONTHLY NEWSLETTER FOR SAN ANTONIO AREA REALTORS ®
IN THIS ISSUE: • Promoting the Value of a REALTOR® • Legal & Ethics: Non-realty Property Items • May Housing Sales Lead into a Strong Summer • Upcoming Board Events
Legal & Ethics • Welcome New Affiliate Members • SABOR Announces Nominees for 2022 Board of Directors • YPN’s Trivia for TREPAC on July 22 • Thank You to Our Advertisers
Promoting the Value of a REALTOR® Did you know that SABOR runs a marketing campaign each year to target consumers and educate them on the value of using a REALTOR®? Last year SABOR was part of nearly 200 media placements including advertisements, interviews and features across television, radio and print, all intended to promote the value of a REALTOR®.
SABOR’s goal is to educate the public on what a REALTOR® is, why a REALTOR® is an essential part of the process and how to find a REALTOR®. One of the ways in which SABOR accomplishes this is through printed advertisements that are placed in local news publications consistently throughout the year. The campaign also uses online advertisements to target consumers already hunting for real estate in the area. In addition to these messages, SABOR’s Chairman has an article that appears each week in the Real Estate section of the San Antonio Express News. These columns offer tips and insights to the market, all while promoting the value of a REALTOR® and positioning a REALTOR® as the resource for all things real estate.
and trends, and each time we are featured we are able to highlight why a REALTOR® is essential to a consumer. This year alone, SABOR has been featured over 125 times across various news outlets. As you can see, SABOR is busy promoting the message that everyone should use a REALTOR®, and positioning REALTORS® as the expert source when it comes to all things real estate. Be sure to ‘like’ SABOR’s Facebook page to keep up with the latest developments and share story links with your clients.
SABOR’s 2021 Chairman, Cher Miculka on KLRN - On The Record
You may also have seen several Board members on the morning shows on KENS, KABB, Telemundo and WOAI. We are able to participate in these interviews to share helpful guidance to buyers and sellers while promoting why a consumer should rely on a REALTOR® for their housing needs. We also have the opportunity to provide expert insights to a wide variety of news stories in print, radio and television. Local media seek our input on real estate news
San Antonio Area Market Report on Culture Map San Antonio
Non-realty Property Items Often, MLS listings include a refrigerator as part of the property for sale and sometimes after closing the refrigerator is not left behind. Agents often wonder why the seller did not abide by the information in the MLS listing and how can they compel the sellers to provide the refrigerator. The first thing to consider is if there was a non-realty items addendum to the contract. Most times there was not, and without one there is not much a buyer can do to require the seller to deliver the refrigerator. It is important to remember that the sales contract is ultimately the document that controls how all property connected to the transaction will be handled. The information included in the MLS listing is not innately an agreement between the seller and the buyer. The sales contract is the only agreement between the seller and buyer related to the sale of the property. As such, the sales contract is the only way to contractually obligate a seller to leave behind a particular non-realty item— like a refrigerator. Because of this, a buyer’s agent should include a nonrealty addendum describing the any non-realty items that the buyer wants the seller to include in the sale of the property to their client’s contract.
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May Housing Sales Lead into a Strong Summer SAN ANTONIO (June 15, 2021) – San Antonio and its surrounding areas experienced a 27 percent rise in home sales year-over-year, for the second month in a row, according to data provided by the San Antonio Board of REALTORS® (SABOR), reporting on all areas contained within the MLS. In May a total of 3,669 homes sold whereas 2,884 homes were sold last year. “Home sales have continued to outpace last year and inventory still remains low at just 1.3 months available,” said Cher Miculka, SABOR’s 2021 Chairman of the Board. “Homebuyers need to be prepared to move quickly on a home they are interested in.” Home sales in May averaged $341,853 with a median price of $282,400. Comparatively, the average price throughout all of Texas was $388,261, which is 31.7 percent higher than May 2020. The median price in Texas reached $305,000, a 22.1 percent overall increase from last year. In May there were 4,148 new listings in the San Antonio area, while Bexar County specifically reported 2,925 new listings. In all of Texas, a total of 40,884 new listings hit the market in May. Bexar County home sales increased 26 percent with 2,639 homes sold. In a year-over-year comparison, Travis County’s home sales increased 44.1 percent (1,598 homes), Harris County increased 46.8 percent (4,904 homes), and Dallas County increased 35.6 percent (2,056 homes).
Total Sales 3,669
Average Price
$341,853
Median Price $282,400
San Antonio Area May 2021
UPCOMING BOARD EVENTS July 2021
01
Applications Open for Texas REALTORS® Directors
08
[VIRTUAL] Get Affiliated
29
General Membership Meeting
05
SABOR Closed
07
Farm & Land: Tree and Plant Management
22
YPN’s Trivia for TREPAC
26
SAMMinistries Uniform Drive Drop Off Deadline
A COMPLETE LIST OF COMMITTEE MEETINGS, EDUCATION COURSES AND OTHER BOARD EVENTS CAN BE FOUND ONLINE AT MEMBER.SABOR.COM
WELCOME NEW AFFILIATE MEMBERS Jonathan C. Holt - Buyers Protection Group James K. Jones - Buyers Protection Group Hector Ramos - Buyers Protection Group Howard Stringfellow - Hays Inspections Services
@SABoardREALTORS
@SanAntonioBoardofREALTORS
@SABoardofREALTORS
company/san-antonio-board-of-realtors
@SABoardREALTORS
@saboardrealtors
SABOR Announces Nominees for 2022 Board of Directors SABOR’s Nominating Committee would like to announce the recommendation of the following individuals at the General Membership Meeting on July 29 for service on the Board of Directors for a three-year term, beginning January 1, 2022. As the governing body, SABOR’s Board of Directors is made up of a diverse group of REALTOR® members who use their expertise to make decisions on behalf of the membership. Every year, a nominating committee made up of colleagues that best represent all the organization’s members receives applications, interviews applicants, and then nominates the newest members. The nominees for the 2022 Board of Directors are: • Katie Griffin Ross, RE/MAX Associates • Jan Hicinbothom, RE/MAX Associates • Chad Nall, Suburban Spaces, LLC • Scott Small, Keller Williams Legacy • Ronnah Stabenow, Pyramis Company • Mindi Stange, All City Real Estate • Ed Zapata, Kuper Sotheby’s International Realty The proposed 2022 slate for the Board of Directors will be approved at the General Membership Meeting provided no additional candidates come forward by petition. In the event a petition is provided, the election will be conducted after the General Membership Meeting at a later date by electronic ballot. The General Membership Meeting will be July 29 at the Norris Conference Centers. To register please visit member.sabor.com.
YPN’s Trivia for TREPAC on July 22 It’s that time of year again! Time for Trivia for TREPAC, hosted by SABOR’s Young Professionals Network. Don’t miss your chance to grab a ticket before they are all sold out! The event will be Thursday, July 22 from 6:00 – 8:00 p.m. at the Norris Conference Centers and the cost per ticket is just $40 or $200 for a team. Teams can be as few as two and as many as six players. But if you don’t have a team – don’t worry! Individual players are also encouraged to attend and will be placed on a team. It’s a great way to get to know other SABOR members. If you feel like you don’t know enough trivia, don’t let that stop you from coming. You’ll be surprised how much you know! The event is a fun, fast-paced time to reconnect with friends and get to know new ones, all while answering questions about topics ranging from pop culture to history to sports, and everything in between. The evening will also feature pizza, drinks and snacks as well as a silent auction. All event proceeds support TREPAC, the Texas REALTORS® Political Action Committee. Through TREPAC, REALTORS® raise and spend money to elect candidates who understand and support their interests. To register for YPN’s Trivia for TREPAC visit member.sabor.com. The deadline to register is 5:00 p.m. on July 19, 2021, don’t miss your opportunity to join in the fun!
Thank You to Our Advertisers Platinum
Gold
SWBC Mortgage
Bronze
Becker Properties Coldwell Banker D’Ann Harper, REALTORS® Drayton Realty Guild Mortgage
Hendricks Property Management InterLinc Mortgage Services, LLC Kleckley Mortgage Team Kathy Ripps Keller Williams Heritage
Mandy Jackson NARPM Old Republic Title Rebecca Byers, Brick and Stone Realty
Rent Event San Antonio Builder Guide Trey Flournoy Voice of Won
BOARD OF DIRECTORS Chairman Cher Miculka
Chair-Elect Tracie Hasslocher Monique Bordelon Jesse Bugarin Kevin Crawford Donna Drayton
Secretary/Treasurer Sara Briseño Gerrish Katie Griffin Ross Jan Hicinbothom Marty Hutchison Trudy Pape
Members-At-Large William Curtis | Marquis Williams
Renae Pretty Anna Ramos Courtney Rosen Mindi Stange
Reagan Williamson
Immediate Past Chair Kim Bragman