Era of Entrepreneurship Tickets on Sale Now
The San Antonio Board of REALTORS® wants you to be part of the biggest entrepreneur event of the summer. Era of Entrepreneurship aims to enhance one’s business through education, motivation and the perspective of self-made visionaries.
This event is taking place on Thursday, July 6, 2023, at the Boeing Center at Tech Port.
Why should you attend?
Attending an entrepreneurship event can be a valuable experience for several reasons:
1. Learning from experts: The lineup of speakers includes Shark Tank's Daymond John, best-selling author Marki Lemons and social innovator & author Matt Vance! You can learn from their experiences, insights and advice on how to start and grow a successful business.
2. Networking opportunities: Entrepreneurship events are a great way to meet like-minded individuals who are also
interested in starting or growing a business. You can connect with potential partners, mentors, advisors and investors who can help you with your business goals.
3. Exposure to new ideas and trends: Entrepreneurship events are a great way to stay up to date on the latest trends, technologies, and best practices in the industry. You can learn about new business models, marketing strategies and technologies that can help you innovate and stay ahead of the competition.
4. Inspiration and motivation: Attending an entrepreneurship event can be a great source of inspiration and motivation. Seeing and hearing from successful entrepreneurs can help you overcome your own doubts and fears and give you the confidence and motivation to pursue your business goals.
Don’t miss out! Early bird tickets are $125 and will go up to $150 beginning Thursday, June 1. Corporate tables are $1,150 and will go up to $1,350. VIP tables will remain at $1,500.
• A Special Warranty Deed: A special warranty deed is like a general warranty deed, but it only provides warranties for the time that the seller owned the property. This means that the buyer is not protected against any defects that occurred before the seller took ownership of the property.
• A Deed without Warranty: This type of deed provides no warranties or guarantees from the seller to the buyer. The seller simply transfers their ownership interest in the property to the buyer, and the buyer assumes any risks associated with the property.
• A Quitclaim Deed: While not favored by Texas Courts, a quitclaim deed is used to transfer any interest in the property that the seller might have, but it does not provide any warranties or guarantees. Essentially, this type of deed doesn’t convey anything—just the relinquishment of the seller’s claims to or interest in the property—if they had any interest in the first place.
• A Deed of Trust: A deed of trust is not technically a deed, but rather a document used to secure a loan on a property. The borrower transfers the legal title of the property to a trustee, who holds it as security for the loan. Once the loan is repaid, the title is transferred back to the borrower.
• The last deed in our list is a Sheriff's Deed: A sheriff's deed is a type of deed that is issued when a property is sold at a public auction due to foreclosure or other legal action. The deed transfers ownership of the property from the former owner to the buyer, but it may not provide any warranties or guarantees.
It's important to note the specific warranties for each type of deed. If you or your client have any questions regarding their deed or the deed that is transferring in your transaction, it's always a good idea to consult with a licensed real estate attorney or title company for guidance.
MAY 2023 OFFICIAL MONTHLY NEWSLETTER FOR SAN ANTONIO AREA REALTORS ®
KEEPING POSTED
IN THIS ISSUE:
Co l abor a t e St r eamlin e enhanc e El evate Execut e
According to the San Antonio Board of REALTORS®, the number of monthly home sales is decreasing
San Antonio – The San Antonio area saw a slight decrease in average home prices, according to the Multiple Listing Service (MLS) Report from the San Antonio Board of REALTORS® (SABOR), which reports all areas contained within the MLS. Average prices saw a 1% decrease, compared to a year ago, that amount is now reported at $366,843. Meantime, median prices saw no change from the same time last year. Residential rental saw a slight increase of 3% with the average price now at $1,815. To close the month, the area reported 3,073 pending listings, 3,995 new listings and 9,285 active listings.
“The San Antonio area is seeing the smallest year-over-year decrease in home sales in the last eight months,” said Sara Briseño Gerrish, SABOR's 2023 Chair of the Board. “We saw 3,129 closed listings in March 2023, a 12% decrease compared to the up to 30% decrease we had been reporting. Homes stayed on the market for 72 days, an increase of 100% from March 2022. The month closed with 3.2 months of inventory and 94.1% of homes closed for their original listing price.”
Bexar County saw a 10.8% decline in home sales with 2,187 closed listings in March 2023. The price per square foot decreased 1.2% to $168 and 94.4% of homes closed for their original list price. The average home price for the area had an increase of 1.3%, now at $341,302 and the median price saw no change, remaining at $299,970. The other three major counties in the state, Travis, Harris and Dallas reported median home prices of $525,000, $318,000 and $346,000, respectively.
Across the state, 29,077 homes were sold in March, an 11.3% decrease from 2022. Average home prices slightly decreased by 1.6% and median prices by 0.9%. Homes stayed on the market for 64 days, with 2.7 months of inventory and 94.6% closing for their original list price. The state closed the month with 40,788 new listings, 74,422 active listings and 31,085 pending sales.
3,129
San Antonio Area March 2023
Average Price $366,834
Median Price $314,945
Total Sales
UPCOMING BOARD EVENTS
MAY 2023
SA Night At The Missions Baseball Game 12
2023 Commercial Bus Tour 25
A COMPLETE LIST OF COMMITTEE MEETINGS, EDUCATION COURSES, AND OTHER BOARD EVENTS CAN BE FOUND ONLINE AT SABOR.COM.
WELCOME NEW AFFILIATE MEMBERS
Brinkerhoff, Scott - Red Hawk Imagery
Castillo, Raymond - Royal Professional Home Inspections
Daly, Caroline - Fidelity National Home Warranty
Boyles, Allen - By Design Home Staging
Hendrix, William - Carpet Now
Heyen, Shane - Fairview Inspections
Moody, Dwight - Slickbird Drone Solutions LLC
Nicholas, Bradley - Frame to Frame
Nicholas, Tracy - Frame to Frame
Odrerir, Jet - GreenWorks Inspections & Eng.
Southwell, Ken - Davidson Properties
Thomas, Troy D - AT-EASE Home Inspections
Washington, Destiny - Vista Title
@SanAntonioBoardofREALTORS @SABoardREALTORS @saboardrealtors @SABoardofREALTORS @SABoardREALTORS company/san-antonio-board-of-realtors
The Great SABOR Food Fight SABOR Launches New MLS Knowledge Base
There are just a few weeks left to compete in one of the most competitive contests of the year! Don’t forget to submit your form to participate in the 2023 Great SABOR Food Fight. In 2022, more than 20 companies joined the effort to help the San Antonio Food Bank. In total, we collected more than 10,000 pounds of food to help our community. Can we beat that this year?
Tier 1, which is companies with 101 or more employees, will be collecting cereal. Tier 2 companies, with 26 – 100 employees, will be collecting macaroni and cheese. Tier 3 with 1 – 25 employees, will be collecting bagged rice and beans. Items can be collected at your office and can be delivered to SABOR by Wednesday, May 31 at 4:30 p.m. You can also have donations shipped to the SABOR office (9110 W. IH-10).
Please note, all companies must be SABOR members and must complete an entry form. Please avoid industrial-sized containers and single serving sizes. Items delivered need to have your company’s name on them to receive credit. If you would like a donation bin for your office, contact the San Antonio Food Bank.
Why should your company participate? You can help support more than 58,000 people that the San Antonio Food Bank serves weekly, win a trophy and of course, bragging rights. Will you join in on the Great SABOR Food Fight? Email communications@sabor.com to enter the contest today!
If you have a question while using the MLS, SABOR's newly launched Knowledge Base offers in-depth answers to your frequently asked questions. Topics such as Listing Data Delivery, MLS Rules and Violations and MLS Info are included in the Knowledge Base.
Listing Data Delivery answers questions about IDX, VOW, BBO feeds and syndication. MLS Rules and Violations has answers for questions about SABOR MLS Rules and Regulations. Plus, this section also has commonly violated rules and how to fix them. MLS Info has answers to questions about inputting listings, general search tips and FAQs that SABOR MLS receives about listing data.
To access Knowledge Base, visit SABOR.com -> For Members -> Resources -> Knowledge Base.
Jesse Bugarin Kenny Cunningham Christine Denney Cortney Gill
Jan Hicinbothom
Marty Hutchison Mari Mitchell Chad Nall
Anna Ramos
Courtney Rosen Scott Small Ronnah Stabenow
Mindi Stange Ed Zapata
Chairman Sara Briseño Gerrish Chair-Elect William Curtis Secretary/Treasurer Reagan Williamson
Members-At-Large Donna Drayton
Immediate Past Chair Tracie Hasslocher
BOARD OF DIRECTORS
Thank You to Our Advertisers Gold Platinum IBC Bank Jefferson Bank SWBC Silver Bronze Alamo Area Virtual Tours Alamo Title Company AmeriFirst Mortgage Becker Properties Central Hill Country Board of REALTORS® Cher Miculka - Exit Premier Realty Choice Home Warranty Comfort Air Exchange Resources American Home Shield Barton Carpets Bella Vista Homes Capital Farm Credit Coldwell Banker D'Ann Harper, REALTORS® David Weekly Homes Fidelity National Home Warranty Gateway Mortgage HHI Home Inspections & Pest Control Home Builders Inspection Group KB Homes FBC Mortgage First American Home Warranty Four Rivers Board of REALTORS® Fresh Coat Painters Frontier Title Gold Financial Services Goosehead Insurance -The Sparks Agency Grant Lopez Guaranteed Inspection Services Highland Homes Independence Title Jan Hicinbothom The Junkluggers of San Antonio Jurassic Realty Keller Williams Heritage Kerrville Board of REALTORS® Luxury Home Magazine Marquis Williams Legacy Mutual Meritage Homes Movement Mortgage NARPM Old Replublic Title Perry Homes Real Estate Newsline SABOR Sharp Frame Media TAPFCU View Homes Marty Chrisman Motif Boutique Brokerage Netco Title, Inc. NextGen Real Estate & Finance Phyllis Browning Company Pillar to Post Home Inspections Primary Residential Mortgage San Antonio Builder Guide Sara Briseño Gerrish Schotts Inspections Spire Risk Management Security Service Federal Credit Union Security Service Title Company Stewart Title The Esteem Group at Guaranteed Rate The Mortgage Network Walthall, Sachse, and Pipes, Inc.
