Home designer’s sanctuary in the city on 1/3 ac. 100s of upgrades-see attachments. The most thoughtfully designed home built with meticulous precision inc. walnut cabinets, concrete counters, custom fixt’s, 2 enormous private fenced yards, fire pit, yoga area, insulated music room, home theater, mature native landscp., lg. office, huge kitchen, outdoor dining & 2-car gar. Hyper-eff. floor plan lives even larger near Mueller/New Alamo Drafthouse. V Strong STR History. Absolutely unparalleled! Call 512-656-8916 or email firstname.lastname@example.org for details.
Possibly the best-located home available on the Eastside in a decade. Overlooking little walnut creek with no neighbors on either side (city/vacant land) on quiet street. Modern home by renowned design team to max. the enjoyment of the natural site and provides impressive aesthetics/entertaining options. 10' ceilings. Perched high over the creek, back porch connected to the kitchen via a roll-up glass garage door & 2nd story reading nook with uninterrupted views of open space/water. Completion Fall 2016. Call 512-656-8916 or email email@example.com for details.
Completely remodeled home in Pflugerville and close to major employers! Updates include new flooring throughout entire home, new granite countertops in kitchen and bathrooms, updated backsplash, new stainless steel appliances, custom tile shower and tub surrounds in bathrooms, crown moulding, brass nickel fixtures, and fresh paint throughout the entire home. Large, private back yard and covered patio are perfect for entertaining. This is a must see!
Many of you have been asking where you can find a great real estate deal in Austin and I have the answers for you.
When looking for a deal in a healthy market, especially one geared heavily towards sellers, we have to get creative. Often times, clients will ask specifically for distressed properties such as foreclosures and short sales; however, in a strong market such as Austin, these types of properties are rare and their values are often inflated. Some other categories for you to consider when searching for a deal include divorce, death in a family, relocation, or a property that has experienced some sort of damage. What all of these have in common is that the owner typically wants and needs to sell the property as quickly as possible. As a buyer, you are able to offer the owner quick relief, often times resulting in a deal for you.
If you're looking for great value in Austin, please reach out and I am happy to share with you how we locate these properties and pass them along to you.
With summer here, many of you may be thinking about putting your property on the market and perhaps asking, "where will we go once we sell our house?" A tool that you need to know about is the Seller's Temporary Lease, also referred to as a leaseback.
A leaseback is a short term lease that will allow you to stay in your current house after closing on the sale of your property. Depending on your situation, you may be coordinating the purchase of a new home simultaneously and need several extra days to close on the sale of that home. No matter the situation, all terms are negotiable between you and the buyer, and your agent will help facilitate these negotiations. Just as you would with a typical lease agreement, a security deposit will be put in place and a term agreed upon prior to closing. You will also pay a per diem rate for staying in the property. Typically, this rate covers the buyer's daily mortgage amount. Additionally, special provisions will be laid out, such as the condition of the home and how it should be left upon final move-out.
If you are looking for added flexibility when selling your property, this is a great resource for you. If you have specific questions about leaseback details, please give me a call!
With summer almost here, many of you may be thinking about putting your property on the market and perhaps wondering how to get the most exposure for your listing in the least amount of time.
A fantastic way to do this is through open houses. If you have been on the fence about whether to have an open house, or several, it's a highly effective way to get dozens of buyers through your property at once. How nice would it be if you were to leave for an afternoon, have 30-50 buyers through your property, and come back to an offer on the table? The right open house gives your property maximum exposure in a short period of time and saves you the hassle of having to leave for 30-50 individual showings throughout the week.
In order to make this happen, you will need an agent who knows how to generate the buzz necessary to get this many buyers through your door. I would love to share with you how we market open houses and the direct benefits you will receive, so please give us a call!
With the spring season here, many of you may be thinking about putting your property on the market or doing some remodeling updates. Before you get started, take a look at the 2015 Remodeling Cost vs. Value Report, which compares average cost for 36 popular remodeling projects with the value those projects retain at resale in U.S. markets.
With the buying season here, many of you will be purchasing homes, so we've put together a list of the top questions to ask your agent.
What is your fee for representing me?
There is no cost to you. The fee paid to the buyer's agent is pre-negotiated between the listing agent and the seller.
What should I do first in the home buying process?
Get pre-approved through a reputable lender. This will ensure that your agent is showing only the most relevant homes and that you will be in a position to make an offer as soon as the right home comes about!
What is pre-approval vs. pre-qualification and how does it benefit me?
Pre-approval is much more comprehensive than pre-qualification and will give you a competitive edge when shopping for a home. In order to obtain pre-approval, you'll provide the lender with a mortgage application, along with necessary documentation for the lender to perform a more in-depth assessment of your financial background and credit rating.
How long does the buying process take once we're under contract?
Depending on whether you're paying cash for a home or obtaining financing, the length may vary. Cash purchases are able to close as quickly as the title company is able to perform their work, which can be as little as 7 days from the contract date, and sometimes shorter. Some financing may take up to 60 days, but the average time is 30 days.
What is the option period?
In a nutshell, the option allows you to back out of the contract for any reason. The average amount a days for an option period is 7-10; however, this may be shorter or longer depending on the property and how competitive you must be with your offer. Should you choose to terminate the contract, all that you'll lose is your option money, which is typically $100-$200.
What will you need from me once our offer is accepted?
Once our offer is accepted, we have 72 hours to submit our option and earnest money checks to the appropriate parties. The option money is made payable directly to the seller and the earnest money is made payable to the title company.
Will you be locating any private listings for me or just plugging me into an automated MLS search?
Yes, we're always monitoring off-market properties! Ask us how we stay up to speed on these and share them with you.
How do we handle multiple offer situations?
Offering a competitive sales price amount doesn't always cut it when you're competing with other buyers in a hot market. There are many additional details that may be adjusted within the contract that will give our offer the upper hand. We'll go over each of these with you before writing up the contract.
How many offers can we make and what is the cost associated with this?
The only cost associated with making an offer comes once the offer is submitted, accepted, AND signed by all parties. From there, you'll be responsible for the option and earnest money.
What can be expected during and after the home inspection?
The inspection is an opportunity for you to not only make sure the home is in good condition, but perhaps renegotiate portions of the contract and/or specific repairs. Depending on your market, it's important to have an idea of what is reasonable. As a rule of thumb, you should focus on the major systems of the house during an inspection rather than the smaller items that aren't as costly or that you may be able to repair on your own. You and your agent will go over the inspection report and determine a solid game plan specific to your situation.
For those of you who live in the Lake Travis area or are considering a move, Oaks at Lakeway is a mixed use development that will act as the town center for the City of Lakeway. It will include a high-end H-E-B grocery store and 175,000 square feet of entertainment, dining, and amenities. The grocery store will offer a full-service bar and restaurant, which is unique for H-E-B. And most importantly, the famous Torchy's Tacos will be part of the development! There will be golf cart parking, so if you're a Lakeway resident, you'll be able to hop on your cart for dinner or some errands. Take a look at the complete site plan here.
According to the Austin Board of Realtors and multiple listing service statistics (MLS), Austin home prices have hit an all-time high for the month of April. Austin’s competitive market continues, and with a 0.4 month decrease in housing inventory year-over-year – Austin is now at 2.3 months of inventory.
Bill Evans, 2014 President of the Austin Board of Realtors, made an important point when he said – “It can be tempting to think a market with high demand and rising prices is an ‘easy’ market, but that’s simply not true. Every market can be challenging and a ‘hot’ market like this one is no different,” Evans concluded. “Sellers need the best property information available to determine accurate valuations and counsel for handling complicated situations, like multiple offers. Buyers need to know immediately when new properties come on the market, so they can act fast and make informed decisions about offers. Austin REALTORS® are skilled in all of these areas and can help homeowners navigate these complicated situations.”
Summary of Austin’s April 2014 market data:
2,479 – Single-family homes sold, one percent more than April 2013
$239,900 – Median price for single-family homes, six percent more than April 2013
$308,752 – Average price for single-family homes, statistically unchanged since April 2013
45 – Average number of days single-family homes spent on the market, five days fewer than April 2013
3,481 – New single-family home listings on the market, two percent fewer than April 2013
5,305 – Active single-family home listings on the market, three percent fewer than April 2013
2,805 – Pending sales for single-family homes, six percent fewer than April 2013
2.3 – Months of inventory* of single-family homes, 0.4 months less than April 2013
$765,396,208 – Total dollar volume of single-family properties sold, one percent more than April 2013
If you’re looking for your next home, have questions about how to navigate this market, or would like to be part of this hot real estate market in Austin, please reach out to us today! Be sure to take a look at www.vonaustin.com for more real estate resources.