|
As you begin your house hunting process, you will probably already have a good idea of what type of home you are looking for. For example, you might know the size and style of the home you want to purchase and you might have a general idea of the city or town in which you want to live. Of course, it is important for you to share this information with your Realtor so you can be certain to find the home of your dreams. At the same time, there is plenty of information that your Realtor can provide to you that will also help you in your decision making process. Therefore, you should be certain to ask plenty of questions and to utilize your Realtor's knowledge to the fullest extent possible.
Finding Out About Schools
If you have a family or plan to start a family in the foreseeable future, schooling will likely be quite important to you. Therefore, you might want to ask your Realtor to help you acquire information about the school district you would like to live in. Many Realtors will not guarantee that you will be in a specific school district because these district boundaries can change. Nonetheless, he or she should be willing to help you find out what the current district boundaries are. In addition, the Realtor should be able to help you look up information about the school district, such as the scores the school has received on standardized testing and what the current teacher/student ratio is a the school.
Learning About Utilities
In addition to helping you find school information, your Realtor should also be able to help you learn more about utilities for the home you are considering purchasing. For example, the Realtor can help you find out whether or not the property is served by city water and sanitation. You will also be able to find out who supplies the electricity and gas to the home as well as whether or not cable is available on the property.
Zoning Information
You can also ask your Realtor to provide you with zoning information. If you think you might like to start a business in the home at some point, for example, you might want to look for property that is commercially and residentially zoned. The zoning may also have an impact on the resale value of the home, so it is worth your while to look into this information before making a purchase.
Finding Out About Crime
Your Realtor can also help you learn more about the crime rate in the area you are considering moving to. By finding out about these statistics, you can determine whether or not the property is in a neighborhood where you and your family can feel safe.
Remember, your main purpose is to find a home where you can enjoy living for the next several years and where you can feel comfortable with raising a family if you so desire. Similarly, you want to make a good investment, so take advantage of the knowledge the Realtor possesses so you can get the best of both worlds.
Author Bio: Eric Bramlett is the broker & co-owner of One Source Realty in Austin, Texas. Eric currently manages his Austin Realtor website, his Steiner Ranch Real Estate company's website, & his What is a Realtor website.
|
|
Comments (0) :: Post A Comment! :: Permanent Link :: Email This Entry
|
|
Heated to a constant 68 degrees, Austin's Barton Springs Pool is a popular swimming hole that can be enjoyed year round. Located in Zilker Park, the pool is fed by water from the Main Barton Spring. Swimming during any season is allowed at the Barton Springs Pool, but costs a small fee in the summer months. With grassy picnic areas nearby and plenty of places to play and relax, Barton Springs is a must-see for every Austin visitor.
Once considered holy by the local Native American tribe, the Tonkawa, the springs were used for bathing and purification ceremonies. When the Spaniards discovered the large springs in the early 1700s, they built a mission near the site. Once settlers moved into the area, the springs became popular tourist attractions, and eventually it evolved into the swimming hot spot it is today. In its current management by the city of Austin, the Barton Springs Pool provides an invigorating and refreshing way to cool off, exercise, hang out and relax. It has quickly evolved into a hangout place for young adults, but bathers of all ages will enjoy themselves at the Barton Springs Pool.
At more than 900 feet long, Barton Springs Pool has a natural gravel bottom and is full of fresh, naturally warmed spring water. With diving boards, stairs and ladders, swimmers can easily enter and exit at several different points around the pool. Summer weekends might find the pool quite crowded, but the spaciousness of the place allows everyone a good refreshing swim no matter what.
Occasionally the pool is closed for safety concerns, such as when there have been heavy rains or the creek that feeds the pool is running high. In these instances, swimmers can call ahead to the Barton Springs Pool to determine if the pool will be opening. The hotline is operating 24 hours per day for the convenience of its guests.
The cost to get into the pool is minimal-just $3 for adults and $2 for young adults 12 to 17 and $1 for children under 12 and senior citizens. The doors open at 5 a.m. and usually close at around 10 p.m. Although the pool is billed as a family-friendly area, topless sunbathing is allowed at the pool and many patrons take advantage of that.
Barton Springs Pool is a wonderful way to combine history and recreation when checking out all the things to see and do in the Austin area. It's especially easy to see this Austin landmark when it's a hot Texas afternoon.
Author Bio: Eric Bramlett is the broker & co-owner of One Source Realty in Austin, Texas. Eric currently manages his Austin Real Estate website, his Austin condominiums company's website, & his Austin Texas website.
|
|
Comments (0) :: Post A Comment! :: Permanent Link :: Email This Entry
|
|
So, you have found the house of your dreams and you think you are ready to initiate the closing process. Before you give your Realtor the thumbs up for finalizing the deal, however, there are a few things you should do in order to protect yourself and make sure you are getting a home that will bring lasting memories rather than turn into a money pit. In fact, there are several different types of inspections that you might want to have completed before you sign any type of agreements. Some of these include:
- Termite inspections
- Dry rot inspections
- Asbestos testing
- Faulty structure inspections
- Roof condition inspections
- Septic tank and well testing
Although getting these various inspections completed can cost you a bit of extra cash, it will be well-worth it to know whether or not you are making a solid investment with the home you are purchasing. In addition, with the right Realtor on your side, you might be able to get the seller to pay all or a portion of all of these inspections as a part of your purchase agreement.
Termite and Dry Rot Inspections
One of the worse problems you can face with a home is a termite infestation or dry rot issues. With these problems, the structure of the home can be severely weakened and it can begin to fall apart. Similarly, getting the home fixed after the wood has been destroyed can be a costly endeavor. As your Realtor to insist that the seller complete a termite inspection and provide a guarantee of the soundness of the structure before you finalize the purchase.
Asbestos Testing
You won’t find asbestos in homes that have been recently constructed, but older homes may still have lingering asbestos. You certainly don’t want to purchase a home with asbestos, as it is very dangerous to your health. Similarly, getting asbestos removed can be quite costly. Therefore, it is important to have your Realtor address this issue, particularly if the home you are purchasing is older.
Faulty Structure Inspections
Just as dry rot and termites can wreak havoc upon your home, having a structure that is inherently flawed will cause a great deal of problems to arise in the future. Similarly, if you have problems with your foundation, the structure of your entire home can be at risk. By working with your Realtor and hiring a professional to inspect the craftsmanship of the structure and foundation, you can be rest assured that your future home will be in great shape for years to come.
Septic Tank and Well Testing
If you are moving into a home that does not have city water and sanitation, you will need to rely upon a septic tank for your waste and a well for your water. Ask your Realtor to have these two items inspected in order to make sure they are in good shape and meet current codes. Although you may have to replace your septic and have a new well dug in the future, you shouldn’t have to do either of these two things too soon. Similarly, they should be space far enough apart from each other to prevent contamination. If not, have your Realtor work out the cost of remedying the problem so that the seller pays either all or part of the cost.
Author Bio:
Eric Bramlett is the broker & co-owner of One Source Realty in Austin, Texas. Eric currently manages his Lake Travis Real Estate website, his downtown Austin condos company's website, & his Austin real estate website.
|
|
Comments (0) :: Post A Comment! :: Permanent Link :: Email This Entry
|
|
Explore nature at its best at the Austin Nature and Science Center, where visitors can experience exhibits, nature trails and educational events all year long. The nature center has dedicated its resources to educating and instructing Austin citizens on how to appreciate the natural world and experience its wonders.
The Austin Nature and Science Center is home to almost a hundred native animals that are unable to live in the wild. From birds of prey to porcupines, bull snakes and deer, the animals are displayed in all-natural enclosures and receive top quality care and medical attention. The Birds of Prey Exhibit, Small Wonders Exhibit and the Mammals Exhibit are all designed for maximum viewing as well as the ultimate comfort to the animals.
Living animals aren’t the only things worth visiting at the Austin Nature and Science Center. Dinosaur enthusiasts can participate in several activities associated with the center’s paleontology efforts. With a Dino Pit on site, visitors can dig up dinosaur replicas just like the paleontologists do, learning about fossils that are native to Texas. Dinosaur tracks can also be found, and guests can learn all about fossils that once belonged to dinosaurs that roamed the Texas countryside. Visitors of all ages will feel the joy of discovery as ancient creatures are unearthed before their eyes.
The other features of the Austin Nature and Science Center are equally as entertaining. The Discovery Lab is a place where hands-on science labs are set up to explore nature, including botany and geology. The Eco-Detective Trail is a walking trail that winds through natural Texas landscape and treats the visitor to a true outdoor experience. The Sheffield Education Center is the home of the Splash! exhibit, an active aquifer with flora and fauna on display.
Programs, summer mini camps and more await the visitors who are interested in checking out the Austin Nature and Science Center. Several events are hosted annually, and there is always room for special group guests, such as Girl Scouts and Boy Scouts. Schoolchildren look forward to a visit to the center during field trips, and the center even hosts home school programs. This living museum is an Austin highlight, and the Austin Parks and Recreation Department has highlighted the center as a model for conservation and education.
Whether for an individual, family or group, a visit to the Austin Nature and Science Center is a fine way to spend a day getting to know the natural wonders of Central Texas and experiencing them in a memorable way.
Author Bio: Eric Bramlett is the broker & co-owner of One Source Realty in Austin, Texas. Eric currently manages his Austin Real Estate website, his Austin condominiums website, & his Austin Texas website.
|
|
Comments (0) :: Post A Comment! :: Permanent Link :: Email This Entry
|
|
One of the most popular tourist destinations in Central Texas is Hill Country, a scenic region with amazing natural attractions, quaint country towns and lovely hills and valleys. Austin is the gateway to this fantastic recreational area steeped in history and Southern charm. The Texas Hill Country welcomes more than 5 million tourists each year, and the clear rivers, towering forests and abundant wildflowers are just a few of the reasons they return again and again. From water sports and outdoor activities to shopping and golfing, Texas Hill Country provides a wealth of activities for all ages and interests.
The Texas Hill Country, just minutes from Austin, is full of natural attractions that provide the outdoor enthusiast with many chances to admire the scenery and recreate in Mother Nature’s playground. One of the top attractions is Enchanted Rock, a large natural rock formation more than 400 feet tall. Also top of the list is the Longhorn Caverns, where tours recall the days when outlaws, Native Americans and soldiers used them as shelter. Cool off at Barton Spring Swimming Hole and check out the wildlife at the Natural Bridge Wildlife Ranch.
Quaint Southern Texas towns provide a glimpse into the rural heritage of the Texas Hill Country. Villages such as Wimberley, San Marcos, Buda, Burnet and Johnson City are all nestled in the rolling hills and provide tourists with shops brimming with handicrafts and antiques and fine dining in restaurants overlooking the natural beauty of the region. Enjoy Texas history at several museums that instruct and educate visitors on everything from early Native American life to cowboys and ranchers. Visit the towns of Bandera, Dripping Springs and Taylor for true historical attractions.
When folks are looking to get out of Austin for a few hours, they head to Hill Country and participate in just a few of the many things to do in the area. There are lakes and rivers that are perfect for swimming, fishing, sailing, boating or tubing. Staying in a bed and breakfast is a wonderful way to get away for a day or a weekend. Check out historically important architecture in any of the Main Streets in the smaller cities in Hill Country, or hike, bike and camp in any of the national and state parks in the area. Visitors to the area can even take wine tours, guided ranch tours and art gallery tours if that is the kind of recreation they enjoy.
While Hill Country is located in the center of Texas, it’s easy to see why the area is considered the heart of this great state. The lush abundance of natural resources and Southern hospitality creates a unique combination of relaxation and rejuvenation. Using Austin as a base to explore this amazing region is a wonderful idea for those seeking to maximize their time in Texas Hill Country.
Author Bio:
Eric Bramlett is the broker & co-owner of One Source Realty in Austin, Texas. Eric currently manages his Lake Travis Real Estate website, his Austin real estate company's website, & his Austin real estate blog.
|
|
Comments (0) :: Post A Comment! :: Permanent Link :: Email This Entry
|
|
Austin’s mild winter temperatures ensure that golf enthusiasts will be able to play on the greens all year long. The city has plenty of quality courses to inspire even the most beginning golfer, and the diverse natural beauty of the area provides a perfect backdrop to head outdoors. Austin has more than 20 golf courses in and around the area. From resort courses to public courses and driving ranges, the Austin golfer will be able to find something that is perfectly suited to his needs.
There are several public golf courses that are within minutes of downtown Austin. For scenic and challenging 18-hole courses, try the Falconhead Golf Club, open all week long and is considered one of the top courses in the area. The Teravista Golf Course is a 7,200 yard championship golf course. Just 5 minutes from Austin’s downtown area, the Riverside Golf Course caters to locals and visitors alike, and has hosted golf champions like Tom Kite and Ben Crenshaw. The Avery Ranch Golf Course, the Lakeway Live Oak Golf Course Austin, the Roy Kizer Golf Course Austin are also considered premier municipal courses that give golfers the opportunity to play on courses that can be appreciated at any level. All are located in Austin, so accessing these public courses is convenient.
Austin is also the home to several semi-private and resort courses, and the experience of playing at one of these courses is unparalleled as far as amenities go. The Wolfdancer Golf Club is located amid the rolling hills of Lost Pines, just east of Austin. Its world class golf in a spectacular setting, and should not be missed. The ColoVista Golf course is the top semi-private course in the Austin area. With recognition for its challenging 18-hole course, the ColoVista has been ranked as one of the best new courses in Texas. Beautifully manicured greens beckon the golf enthusiast, and a membership is all that is needed to relax and go for par. The River Place Country Club is an exclusive location west of downtown Austin, and the immaculate landscaping and attention to detail is worth the membership. The 18-hole championship course was designed by Tom Kite, and takes advantage of the hills, valleys and waterways to give the golfer an amazing game experience in a luxurious resort atmosphere.
For those interested in working on driving, Austin has several driving ranges that are suited to golfers looking to squeeze in a few minutes hitting a bucket of balls. The Oak Hills Driving Range is the perfect place to accommodate beginners seeking to improve or advanced pros looking to perfect their swing. Either way, the Oak Hills Driving Range can help out with the driving range, pro shop or even provide lessons.
Austin golf courses, whether public or private, are interested in catering to the needs of guests. Whether it’s a weekend game with friends or a business deal that can be made on the green, spending time on Austin’s golf courses is a fine way to experience Texas Hill Country at its finest.
Author Bio:
Eric Bramlett is the broker & co-owner of One Source Realty in Austin, Texas. Eric currently manages his Austin Real Estate website, his Austin real estate blog, & his Austin condos website.
|
|
Comments (0) :: Post A Comment! :: Permanent Link :: Email This Entry
|
|
When the time comes to sell your home, it seems like your To Do list is a mile long. The house has to be immaculate inside and out, the hoards of potential buyers are beating on your door, and the legal and financial details of the home sale process loom. Don’t be tempted to handle this situation by yourself; instead, make your life infinitely easier and use a Realtor® to help you sell your home.
The lure of saving money is a strong one. Most Realtors® charge between 5% and 7% on commission. As the seller, this comes out of your proceeds at closing. I know you’re doing the math right now, and thinking that there’s no way that using a Realtor® is worth anywhere near this much money. However, it truly is worth every penny; here are the top 3 reasons why you should use a Realtor® when selling your home.
1. The Security of Your Family and Home
You cannot put a value on the security of your family and home. You want your family to be safe in your home without having to worry. But remember when I mentioned the hoards of potential buyers for your home? If you sell your home yourself, you have to meet with each one of these buyers by yourself. The problem is you never know who these people really are. It’s horrific to consider, but it has happened where people have gone to a home on the premise of looking to purchase it and instead have committed a crime.
When you use a Realtor®, you don’t have to meet with the potential buyers and thus expose yourself and your family to possible harm. Instead, each person that enters your home is accompanied by a licensed Realtor®. This helps you twofold. First, because the person is in your home with a Realtor®, you and your family don’t need to be there. This mitigates the risk of someone harming you while in your home. Secondly, the chance of someone committing a crime against your property, either through theft or vandalism, is drastically reduced by their Realtor® being present.
2. The Value of Your Time
Let’s backup for the moment to a point I mentioned previously – the hassle of dealing with potential buyers. When you sell your home yourself, you’re the sole contact with potential buyers. If someone wants information, they contact you. This means your phone will be ringing constantly. And you can’t just ignore these calls; if you do, your house will take even longer to sell.
Even better…remember the part about keeping your house immaculate? When you sell your home yourself, this has to be true 100% of the time. People can and will pull up outside your home and demand to look inside at any time of the day or night. If you ask them to come back at a more convenient time, you could easily lose a sale.
But by using a Realtor®, this hassle is saved and your time is reaffirmed to be as valuable as you and I both know that it is. Your Realtor® handles all the phone calls, and is specially trained in how to answer these calls professionally without compromising the sale of your home. And your Realtor® coordinates the showings with other Realtors®, leaving you with specific times for the showings. This will allow you to relax and enjoy the time you have remaining in your home.
3. The Value of Peace of Mind for the Future
Selling a home is a complicated legal and financial prospect. Sure, you can buy generic forms to fill out for the Purchase Agreement and everything else needed. But what assurance do you have that they’re filled out in a way that protects you for the future? After all, you certainly don’t want to deal with a lawsuit five years from now with your buyer saying that you made an error in the paperwork on the transaction.
When you hire a Realtor®, they shoulder this burden. Realtors are required to carry what’s known as Errors & Omissions insurance. This insurance protects you from such little errors. If there’s a problem, the insurance company is who works to resolve the situation, not you.
So don’t succumb to the lure of saving the commission money. Hiring a Realtor® is the absolute best thing you can do as you prepare to sell your home.
Eric Bramlett is the broker & co-owner of One Source Realty in Austin, Texas. Eric currently manages his Austin Real Estate website, his Lake Travis real estate company's website, & his Austin condos website.
|
|
Comments (1) :: Post A Comment! :: Permanent Link :: Email This Entry
|
The upcoming Texas Primary March 4th has revealed some conservative dissatisfaction with the likely nomination of Senator John McCain for president. This primary ranks as the most important since 1976, when Gerald Ford fought Ronald Reagan for Texas’ delegates to the Republican Convention.
Since the primary is later than many other states, the nominees of both major parties are usually known before the presidential contest rolls into Texas. Senator McCain leads the national GOP field by a large margin in the delegate count, with only former Arkansas governor Mike Huckabee standing between him and the nomination. With the recent departure of Mitt Romney, both McCain and Huckabee draw increased support in Texas opinion polls, according to a report in the Houston Chronicle. On Feb. 8th the Arizona senator polled 43%, Mr. Huckabee 33%, and Ron Paul drew 9% of likely voters in Texas, Mr. Paul’s home state. The 32 congressional districts each have 3 delegates at stake, for a total of 96, and 41 additional delegates going to the winner of the statewide vote, making it likely that each candidate will win some delegates.
Mr. Huckabee recent victories in Kansas and Louisiana highlight considerable dissatisfaction among some social conservatives with Senator McCain. Many feel that McCain supported liberal and Democratic Party positions at the expense of conservative unity, while the Arizona senator feels that by supporting issues on a factual basis, he supports the country over partisan ideology and creates the opportunity for bipartisanship. Most of the institutional leadership of the Texas GOP now supports him, including former Rudy Guiliani supporter Governor Rick Perry, who recently called on Mr. Huckabee to withdraw from the race. Senator John Cornyn also recently endorsed McCain, though Senator Kay Bailey Hutchison has yet to endorse anyone. With a large base of conservative evangelical voters, Texas will challenge the secular Arizona senator. Even if Gov. Huckabee manages to win in Texas, John McCain’s march to the nomination may be unstoppable.
McCain may experience what happened to Gerald Ford in 1976, when social conservatives in the Texas Republican Party supported someone else in the primary and stayed home during the November general election. Another outcome is that unhappy conservatives may crossover March 4th and vote in the more interesting Democratic Party primary, since Texas voters can participate in either primary. Jimmy Carter won Texas in the 1976 presidential election, the last Democrat to do so. With McCain likely on the ballot in November, Democrats could carry Texas again.
Eric Bramlett is the broker & co-owner of One Source Realty in Austin, Texas. Eric currently manages his Austin Real Estate website, his Northwest Austin Texas real estate company's website, & his Austin Texas metal website.
|
|
Comments (0) :: Post A Comment! :: Permanent Link :: Email This Entry
|
The presidential primary March 4th in Texas may decide which Democrat faces the likely Republican Party nominee, Senator John McCain of Arizona. Hillary Clinton and Barack Obama, the final two Democrats left, face off in a tough, high-profile showdown in the Lone Star State.
The Democratic candidates are almost in a dead heat in the state, according to a Houston Chronicle poll. Texas voters in the Democratic Party primary are diverse, with just more than half either Hispanic or African-American. The 228 delegates will be split according to vote totals in the 31 state senate districts, with precinct conventions and a state caucus deciding the rest. Also, voter participation in the 2004 and 2006 elections for each district decides how delegates each senate district receives. For example, a heavily Hispanic district in south Texas with low voter turnout in the last two statewide elections could receive 7 delegates, while a high-turnout district in Houston gets 10 delegates, according to Chronicle. This complicated system of choosing delegates has some Democrats unhappy and calling for a change.
The estimated cost to campaign in Texas’ diverse markets is an expensive million dollars a week, and Senator Obama has been raising that much per day, collecting $32 million in January, while Senator Clinton just loaned her campaign $5 million, and some of her senior aides are working without salaries this month. After raising $13.5 million in January, Clinton announced Feb. 7th that her campaign raised $7.5 million in just one week; Obama’s campaign then went out and raised that much in 36 hours. That’s why Mrs. Clinton wants to debate Senator Obama once a week on television, since such publicity is free. So far, Mr. Obama has agreed to only one debate, and that’s in Cleveland, Ohio, February 26th on NBC. There’s also talk about one Texas debate.
Former White House Senior Advisor Karl Rove proclaimed on Fox News Feb. 7th that the Democratic nominee will come out of the Texas Primary, and that may be the case.
If Senator Obama momentum continues and he wins the most of the contests Feb. 19th, as polling suggests, he will come into Texas ahead of Mrs. Clinton. Already in big trouble, if Hillary then loses Texas, she would come into the Democratic Convention an underdog, if not outright loser. If Obama loses in Texas, Hillary may still win the nomination. With Ohio also voting March 4th, Texas may decide which Democrat faces Mr. McCain November 4th.
Eric Bramlett is the broker & co-owner of One Source Realty in Austin, Texas. Eric currently manages his Austin Real Estate website, his Austin condos website, & his Austin welder website.
|
|
Comments (0) :: Post A Comment! :: Permanent Link :: Email This Entry
|
The economic outlook for Texas during 2008 points towards slower growth, yet that’s still better than most parts of the country, which will see no growth at all. Texas, with the 2nd largest state economy in the U.S. and the 15th largest economy in the world, will record growth of about 2.2% annually, according to the Texas Workforce Commission.
Warm weather, undervalued real estate, lack of a state income tax, and good jobs
continues to attracted people to the Lone Star State. These new residents all need a place to live, so the real estate market statewide should continue to be busy, though less busy than recent high-water marks, like 2006.
Recent national uncertainty about a slump in the housing market and a “credit crunch” has lowered consumer confidence, and the United States may now be in a recession for the first time since 2001. Higher energy costs, mainly the near $100 per barrel price of oil, are now reflected in the price of many goods and services. The Federal Reserve Board (the Fed) cut a key interest rate, the federal funds rate, twice over a two week period, by 125 basis points (1.25%), to increase lending and public consumption. The Federal Reserve Board Open Market Committee, which sets the federal funds rate (the overnight interest rate that banks charge each other), meets again March 18th, and MarketWatch.com reports that the Fed could lower the rate again, this time by 50 basis points (.5%). Controlling this interest rate is how the Fed regulates the money supply in the U.S. economy, and this in turn helps manage inflation and interest rates. Such actions by the Fed make it appear that either the economy is in a recession now or quickly sliding into negative growth.
The Fed reports that banks are raising credit standards at a rate not seen since quarterly surveys of senior bank officers began 17 years ago. Mortgages, consumer loans, commercial real estate loans, and just plain business loans will see higher credit standards, the Fed reports. As most economists know, tighter credit generally slows down economic growth.
To increase growth, Congress just passed a stimulus package worth about $160 billion dollars, and President Bush is expected to sign it into law, though some economists doubt that it will have any effect.
However, with high population growth and low unemployment, like a 4.3% jobless rate at the end of December, Texas continues to outperform the national economy. Economists predict this growth to continue throughout 2008, according to the Real Estate Center at Texas A & M University.
Eric Bramlett is the broker & co-owner of One Source Realty in Austin, Texas. Eric currently manages his Austin Real Estate website, his Austin Texas real estate company's website, & his Austin Texas welding website.
|
|
Comments (1) :: Post A Comment! :: Permanent Link :: Email This Entry
|
The economic outlook for Austin generally mirrors the Texas forecast: local job and population growth outperforms the national economy. The Texas Workforce Commission predicts 3.1% job growth, while local economist Angelos Angelou predicts 2.3%. The unemployment rate for December 2007 was estimated at 3.6%, down from 5.1% in the Austin area during October 2006.
Austin population growth is driven by the high quality of life in the region, with the area being ranked as the top destination for relocating singles and families by several publications. Also, MSN recently ranked Austin as “The Greenest City in America” , continuing a string of “best ofs” for the city. Located on the Interstate 35 Corridor, the city has grown in population the 3rd fastest in America this decade, with Ft. Worth first and San Antonio fourth, according to data from the U.S Census Bureau. Population growth of 42,000 is projected for 2008, down from a high of about 60,000 experienced in 2006, according to the Austin-American Statesman.
Demand in the local real estate market is down as compared to 2006 but is still positive, with generally more houses on the market. Angelou predicts that if local homebuilders react to negative national trends, housing starts in Austin will fall while the local market is still healthy and homes are still in demand, which would then create a low inventory of new homes for sale. The result, he predicts, would be an increase in demand for rental housing such as apartments and result in a spike in rental prices.
Another indicator of the local real estate market is how much work property inspectors are doing, since their work is usually in demand when real property changes hands. According to my survey of inspectors, most say their number of inspections has dropped more than 50% since September 2007. Many did say, however, that the drop could be seasonal and that demand for their service should increase by May 2008.
Most job growth should appear in Austin’s traditional strong areas, like government, education, and health services. As the state capital and seat of Travis County, local, state, and federal government employs more than 150,000 workers, and that’s expected to increase, according to Texas A & M’s Real Estate Center. As an education hub, with the University of Texas and more than 20 other colleges within 30 miles, and several large public school districts, Austin will need more education workers. The “Live Music Capital of the World” continues to employ many in the leisure and hospitality industry, and large healthcare employers like Seton and St. David’s are expected to add workers.
With the quality of life high and the population continuing to increase, Austin should see positive job growth through 2009.Eric Bramlett is the broker & co-owner of One Source Realty in Austin, Texas.
Eric currently manages his Austin Real Estate website, his Austin Texas real estate company's website, & his Austin Texas welding website.
|
|
Comments (0) :: Post A Comment! :: Permanent Link :: Email This Entry
|
|
The business world is rumbling over Dell’s recent purchase of MessageOne. The reason? MessageOne just happens to be owned by Michael Dell’s little brother, Adam. In addition, through a whole mess of investment funds, Dell’s parents and Adam’s wife and children are also part owners of MessageOne.
Knowing the ownership of MessageOne makes it a little easier to understand why some people in the business world are scratching their heads about the $155,000,000 buyout. Was this really a smart business move on behalf of Dell, or was it simply a scheme to keep all the money in the family?
On the surface, it seems that the transaction was all on the up and up. Adam Dell wasn’t involved in the acquisition and he only stands to make close to $1 million on the buyout. Dell’s parents will be making around half a million dollars, and the $12 million that is going to the personal family trust is being donated to charity. Nonetheless, in a day and age when business executives seem to be routinely bending and twisting laws and regulations to suit their needs, it is understandable why so many are wondering if this transaction was really as innocent as it seems.
Perhaps the biggest question mark associated with the transaction is the fact that the purchase doesn’t really seem like a necessary one. Most business analysts are having a difficult time understanding how MessageOne, which is a provider of email management services, really fits into the Dell business scheme.
Still, MessageOne does report that it made somewhere around $40 million last year and Dell certainly has the marketing power to take the service to a whole new level. And, let’s not forget that it is not unusual for successful companies in the technology field to branch off into other areas. After all, Google recently coughed up $600 million to purchase Postini, which provides email filtering services.
Whether or not it was truly a clean deal will remain to be seem. As the CEO of corporate ethics consulting firm Corpedia, Alex Brigham, put it “You would think [Dell’s] parents might have [also donated the proceeds to charity]. And Adam, too. Then the deal would have been much cleaner and smelled much better.”
Author Bio:
Eric Bramlett is the broker & co-owner of One Source Realty in Austin, Texas. Eric currently manages his Austin Real Estate website, his Austin Texas real estate company's website, & his Austin Lofts website.
|
|
Comments (0) :: Post A Comment! :: Permanent Link :: Email This Entry
|
More and more people are deciding to bypass purchasing a home in favor of buying a condo instead. Although condo living is becoming increasingly popular, many people still fail to realize the advantages of living in a condo and still do not fully understand what they can expect from condo living.
Mutual Ownership
One fact that you need to understand when you own a condo is that you will be sharing the building with other condo owners. Although you will own the actual unit in which you live, you do not own the building in which the unit is located. Rather, you and all of the other people that live in the condo are joint owners of the building.
Since you are joint owners of the building, you are also jointly responsible for taking care of the building. As such, you will need to pay fees that will go toward maintaining the building and its yards. In addition, you will need to help pay for insurance coverage for the building while also maintaining separate coverage for your unit.
Enjoying Amenities
One of the great benefits of condo living is the fact that you get to enjoy a number of different amenities. Common amenities that are included with condos include swimming pools, workout rooms, tennis courts, and more. Buying a condo makes it possible to enjoy these amenities because you share the expense of having them in place and maintaining them rather than paying for them on your own.
Being Part of a Community
Since living in a condo requires living in a building with other condo owners, you will need to be prepared to become part of a close knit community. Condo owners typically spend a great deal of time with one another and enjoy each other’s company. If you are looking to live somewhere that will provide you with solitude, condo living may not be right for you. If you like to socialize and you are looking for a way to meet new people, condo living is a great option to consider.
Taking Advantage of a Great Location
Condos are typically located in a great location that makes it easy to reach public transportation or to get back and forth from work. Many are also located near to great shopping and dining opportunities as well. In fact, condos are commonly found in cities where traditional homes are rarely found. Therefore, if you are interested in city living but want to enjoy the pride of ownership, purchasing a condo is a better choice than renting an apartment.
Making Decisions Together
Since you share the building in which your unit is located, you should also be prepared to make decisions with the other residents. In other words, you will not be able to make decisions completely on your own as you would with a house. Since your decisions will affect the other residents of the building, many of your decisions will be made jointly. In fact, you will be frequently called upon to vote on certain decisions. Be prepared to be outvoted by the other residents of the condo, though you can certainly take steps to let your opinion be heard before any decisions are made.
Condo living has a number of advantages, but you need to be fully aware of what to expect before you invest in this type of real estate. By being fully informed, however, you will be more likely to be thrilled with your decision and to love living your life in your condo.
Eric Bramlett is the broker & co-owner of One Source Realty in Austin, Texas. Eric currently manages his downtown Austin condos website, his Austin Condo company's website, & his Austin condos website.
|
|
Comments (0) :: Post A Comment! :: Permanent Link :: Email This Entry
|
When it comes to selling your condo, it is always a good idea to enlist in the help of a Realtor. With the help of a Realtor, you will be able to reach a broader number of potential buyers and the Realtor can help to make sure all of the paperwork is in proper order for the sale to be complete. Whether you use a Realtor or attempt to sell your condo on your own, however, there are a few steps you should take.
Make Lists
The first step you should take when trying to sell your condo is to make a list of everything your condo has to offer. What separates your condo from other condos that are on the market? What makes your condo special? What amenities does your condo have to offer to its residents? Make a list of everything that residency in the condo building has to offer as well as your specific unit and be certain to share this information with the Realtor if you choose to work with one.
In addition the amenities of the condo building and your unit, consider the location of your condo as well. For example, if your condo listed near to public transportation, is centrally located within a city, is close to a business district, or is near to great shopping and restaurants, you want to be certain to advertise this information as well.
Start Advertising
If you are going to attempt to sell your condo on your own, you will need to start taking steps to market your condo on your own. To do this, create ads on 3 by 5 cards that highlight the best features your condo has to offer. Then, get permission to post these in office complexes, transit stations, and anywhere else where you might be able to reach potential buyers. You should also try to consider catchy phrases that will help draw attention to your ads, such as “Walk to Work” or “Minutes from Public Transportation.”
If you are utilizing the services of a Realtor, he or she will work on the marketing aspect for you. Although you can attempt to do this on your own, handing the job over to a Realtor will make your life far easier. In addition, since a Realtor has a great deal of experience in this area, he or she will likely be able to create more effective marketing methods and will be able to reach a larger number of potential buyers.
Network
Since you have decided to sell the condo, you can start to spread the word among your neighbors, friends, and family. Even if you have a Realtor helping you out throughout the process, you can still help with spreading the word. In addition, residents of condos often have friends that are interested in moving into the building. Therefore, letting those around you know that you are interested in selling can go a long way toward getting your condo sold in a short period of time at the price you are asking for.
Keep in mind that selling a condo is about more than selling a place to live – it is also about selling a lifestyle. Therefore, you should be certain to target those that would be most interested in owning property without dealing with the headaches of maintaining a yard or other problems that are commonly associated with home ownership.
|
|
Comments (0) :: Post A Comment! :: Permanent Link :: Email This Entry
|
If you are getting ready to sign an apartment lease, you might want to make sure to read the lease agreement once more and determine if there are any points that you would like to negotiate. Remember, if there are any aspects of the lease that you do not agree with, you will be forced to accept them throughout the duration of the lease unless you successfully get those parts of the lease changed. Therefore, in order to successfully negotiate better terms for your apartment lease, you should try to implement these simple tips.
Know Your Landlord
Knowing your landlord will give you a better idea of what to expect when you get ready to negotiate your apartment lease. If the apartment is owned by a company that owns thousands of apartments, negotiating a lower rate may not be that big of a deal to them. On the other hand, if you are renting from someone that is renting out the upstairs of his or her home, a reduction may be out of the question. By understanding your landlord and what he or she is likely to be able to do for you, you will be able to better plan out your negotiations and to determine what you should ask for.
Choose the Right Time
Some people attempt to negotiate the apartment lease before they have actually been selected for the apartment. Although you might think it is a good idea to establish your needs beforehand, you will actually lose your bargaining chip by negotiating too early. Rather, the best time to negotiate is when it comes time to sign the lease. This way, you know you have something the landlord wants: your business.
Build Trust
You can begin to build trust with the landlord by asking plenty of questions about the landlord’s rules and regulations. This will help to demonstrate that you are responsible and that you wish to abide by the rules that the landlord has established.
After asking questions and reading your lease, you can then ask for certain aspects to be changed. Be sure to let the landlord know that you are asking for these changes for your own safety. Furthermore, if the landlord seems resistant, remind him or her that you are a reliable tenant. Now is the time to bring up the fact that you have good credit, that you have a history of paying your rent on time, and that you will not cause damage or disturbances at the apartment. In addition, be certain to provide the landlord with reasons for your requests to change the lease.
Get it in Writing
Once you have agreed upon the changes to the lease agreement, make sure you get all of the changes in writing. If you are making changes to the lease, these changes need to be made to the actual document before you sign it. Or, you might need to create a rider to go along with the lease that overrides the previous lease. Similarly, if you have negotiated repairs, be certain these repairs are also put in writing and that a deadline for these repairs to be done is established and written as well.
By following these simple tips, you will greatly increase your chances of enjoying a great apartment lease that is fair to both you and to the landlord.
|
|
Comments (0) :: Post A Comment! :: Permanent Link :: Email This Entry
|
You may not realize it, but helping you find a great home is often a joint venture between your Realtor and a number of other professionals. In fact, it is through your Realtor’s willingness to work with other professionals that you can more quickly find a great place to live at a price you can afford.
Working Together in the Office
Although some Realtors work on their own, many have a few other people working in the office with them. Often, these offices will contain one broker and several real estate agents. The broker serves as the supervisor of the other agents, though they can all show you homes and help you close a deal with the buyer.
If you work with a Realtor that has other agents in the office, you will still spend most of your time working with just one agent. While that agent will serve as your main point of contact, you can rest assured that your agent will work with the other agent’s in the office in order to search through the available listings and find the perfect home for you.
Looking Beyond the Office
Since every home on the market is not listed with your Realtor, he or she will also look beyond the office in order to try to find the home you are searching for. By contacting other agents in the area, your Realtor can find out about other homes that are not being actively marketed. Although your Realtor will still be your point of contact, he or she will use this professional relationship to help expand upon the number of homes you have to choose from – and all at no extra cost to you.
Remember, it is your Realtor’s job to do the searching for you and to find the house that will best meet your needs. Therefore, doing this type of investigation and working cooperatively with other real estate agents is all a part of the job.
Working with Other Professionals
After working with other agents in order to find a great home that will suit your needs, your Realtor will work with other professionals in order to guarantee your home is perfect for you. For example, you Realtor can help you find a professional to conduct an inspection of your home. While you can obtain an inspector on your own, your agent can help recommend inspectors and point you in the direction of those that are available. By having your home inspected, you can make sure it is sound and that there are no problems that you will have to deal with down the road.
If there are issues with the home you are considering buying, your Realtor can help you to renegotiate a new price. In addition, he or she can help you find a contractor that can make the necessary repairs if you are still interested in moving forward with the purchase.
By working cooperatively with all of these professionals, you can be certain to find the home that is absolutely perfect for you!
|
|
Comments (0) :: Post A Comment! :: Permanent Link :: Email This Entry
|
You might be surprised to know that that there is a difference between being a Realtor and a real estate agent. Although the two terms are commonly used interchangeably, becoming a Realtor takes much more work, dedication, and education than becoming a real estate agent. In addition, becoming a Realtor and maintaining this type of certification requires adhering to certain high standards that are not required to become a real estate agent.
Becoming a Real Estate Agent
Becoming a real estate agent is not necessarily an easy task. After all, in order to legally work as a real estate agent, one has to complete several weeks of schooling and then successfully pass an examination. In order to successfully pass the examination, you have to have a solid understanding of real estate laws and practices. At the same time, successful completing of the coursework and passing the test really only tests the person’s knowledge but does nothing to test the person’s code of ethics. This is what differentiates a Realtor from a real estate agent.
Becoming a Realtor
In order to become a Realtor, a person must first successfully complete the requirements to become a real estate agent. Then, the agent must complete certain steps in order to become a member of the National Association of Realtors. It is only at this time that the agent can properly be referred to as a Realtor.
For an agent to achieve this special designation, he or she must commit to treating all of the people involved with the purchase with fairness, which includes both the buyer and the seller. In addition, members of the Association must adhere to a strict code of ethics. This code includes agreeing to never mislead the buyer about the value of the home in order to secure a listing , to maintain confidentiality, and more.
Members of the National Association of Realtors are also more dedicated to education. In fact, in order to maintain their membership, members of the Association are expected to maintain a greater knowledge of the selling and buying process than those that are not members. Therefore, you can rest assured that the professional you work with will be highly knowledgeable about the buying and selling process as well as how to properly care for you and your needs.
Recognizing a Realtor
The easiest way to recognize whether or not a real estate agent is also a Realtor is to look for the Realtor logo, which is simple the capital R with a circle around it. This logo will be displayed on the Realtor’s sales literature, business card, and other marketing materials.
Aside from the logo, however, you will be able to recognize a Realtor by the exceptional level of service and knowledge that these agents bring with them. Since most home purchases today exceed $100,000, you certainly want to have a professional on your side that you can trust to look out for your best interest throughout the home buying experience.
|
|
Comments (0) :: Post A Comment! :: Permanent Link :: Email This Entry
|
If you are like most first time homebuyers, you do not already have the money saved up to purchase the home you have selected. As such, you will need to borrow money from a lending institution in order to help you finance your purchase.
Before you enlist in the services of a Realtor to help you find a great home, you should consider the various financing options that are available to you in order to determine which one is right for you. By having a good idea of the pros and cons of each as well as which options you qualify for, you will have a better idea of how much you can afford to pay for a home as well as whether or not you are truly ready for the responsibilities of home ownership.
There are ten main forms of financing that you can select from. These include:
• Fixed rate mortgages
• 10/1 year adjustable rate mortgages
• 7/23 mortgages
• 7/1 year adjustable rate mortgages
• 7 year balloon mortgage
• 5/25 mortgages
• 5/5 and 5/1 year adjustable rate mortgages
• 5 year balloon mortgages
• 3/3 and 3/1 year adjustable rate mortgages
• 1 year adjustable rate mortgages
Fixed rate mortgages can be created to be spaced out over 10, 15, 20, or 30 years. With this financing option, the interest rate that you pay and the amount of your monthly payment will remain the same throughout the lifetime of the loan. This type of loan is best if you plan to live at least ten years at the properly and if you prefer having the same payment each month, which is easier when it comes to monthly budgeting.
With the 10/1 year adjustable rate mortgage, on the other hand, your interest rate and your monthly payments will remain the same for the first ten years, but will b adjusted every year after that. This type of loan is ideal if you plan to live in the property for ten years or more and only need stability in your loan payments for a short period of time. On the other hand, it is also good if you plan to move within ten years but want the loan to remain in place for longer in case your plans change.
The concept is the same with the 7/1 year, 5/1, and 3/1 adjustable rate mortgage. The 5/5 and the 3/3 are similar, though the interest rate is addressed every fiver or three years after the first five or three years are completed.
With the 7/23 mortgage, which is also referred to as 2-Step, your interest rate and your payments will remain the same for the first seven years and will then be adjusted according to the interest rates at the time. The new payment amount will remain in effect for the remainder of the loan. The same is true with the 5/25 loan, though the change will take place after the first five years are completed. These types of loans are best if you plan to live on the property for more than then years and if you can tolerate having an adjustment made to your payment amount one time. Or, if you plan to move in seven or five years, depending on which type you select, this type of loan can be a good choice.
The seven year balloon mortgage maintains the same interest rate and payment amount for the first seven years. After this period of time, the loan is due in full. This means the borrower needs to refinance a new loan. The same concept is true with the 5 year balloon mortgage. This plan is good if you plan to live at the property for longer than the number of allotted years and are willing to refinance or if you plan to move when the payment becomes due.
Finally, you could choose to obtain the one year adjustable rate mortgage. With this mortgage, the interest rate is adjusted every year. This means the payments can change each month, though it can help you take advantage of lower rates when they occur. If you are willing to accept frequent rate changes, this might be a good option for you.
Although he or she cannot actually process the loan for you, you can provide your Realtor with some basic information in order to help you select a lender and the type of loan that is right for you. Let your Realtor know how much you have in savings, how much your current debt is, what your income is, and the type of loan you want to acquire and he or she should be able to point you in the right direction so you can get the ball rolling and finally purchase that home of your dreams.
|
|
Comments (0) :: Post A Comment! :: Permanent Link :: Email This Entry
|
Selling your home is a big moment in your life. After all, you are likely selling your home because you have decided to move to a new town or state. Or, perhaps you need to move into a larger home in order to accommodate your family or into a smaller home because the kids have left the nest. Regardless of your reasoning, you want to make sure you get the best price possible while also selling the home as quickly as possible. In order to make this happen, it is a good idea to follow these simple, quick, Realtor-recommended improvement tips that will help get your home sold.
Realtor Recommended Tip #1: Paint – Both Inside and Out
You would be amazed by the improvement that can be made with a simple paint job. By applying a fresh layer of coat to the outside and the inside of the home, the property will look much cleaner, newer, and more attractive. In addition, if you have unusual colors in or out of your home, applying a more neutral color will help to make the property more appealing to a broader market of buyers. Loud colors or colors that are selected to meet a very particular taste can make a home a tough sale.
Realtor Recommended Tip #2: Plant Flowers
Any Realtor can tell you that attractive landscaping is a major draw to potential buyers. In addition, adding just a few simple flowers here and there can be accomplished at a low cost while making the home appear more inviting and lively. In fact, you don’t have to permanently plant flowers on the property. Simply hanging a few flower baskets can do the trick and you can take them with you when you move.
Realtor Recommended Tip #3: Remove Clutter and Personal Effects
If you are still living in the home as you try to sell it, make sure it is clutter free as it is being shown to potential buyers. Nothing can make a sale more difficult on a Realtor than trying to walk past a mess or trying to help a buyer visualize living in a home that is highly personalized to the buyer.
Remember, your main goal is to help the potential buyer see him or herself living in the home. If your home is filled with personal memorabilia, such as family photos or collectibles, it becomes more difficult for the buyer to envision what he or she can do with the home. The less clutter and personal items left in the home the easier it will be for the Realtor to make this happen.
Realtor Recommended Tip #4: Maintain the Lawn
If you aren’t living in the home anymore, you might find it difficult to maintain the lawn properly. Remember, the first impression the buyer has of the home will go a long way toward determining whether or not a sale will be made. Therefore, if you cannot tend to the lawn yourself, look into hiring someone to take care of it for you. It will be an investment that is well worth the cost.
By following these four Realtor recommended home improvement tips, you will be able to sell your home for a fair price while also allowing you to move on and enjoy your new home rather than worrying about your old one.
|
|
Comments (0) :: Post A Comment! :: Permanent Link :: Email This Entry
|
When it comes to real estate investing, making money off of foreclosed homes is a highly specialized area that can become aggressive as well. This is because investing in foreclosed real estate is a specific market and those that are involved in this form of investment tend to be highly educated when it comes to making money in this manner. Therefore, before you get involved in real estate investment, it is important that you become as educated as possible about buying and selling this type of real estate for the most profit.
Understanding Foreclosure
When many people think about foreclosed properties, they envision homes that are falling apart or that are infested with termites or covered in mold. The reality is that foreclosed homes can be mansions or pieces of commercial property that are worth millions of dollars as well. Remember, properties are not necessarily foreclosed upon because they are condemned or because they were not properly cared for. Rather, the previous owner simply failed to make payments on the property. When this happens, the lender takes the property back and sells it in an attempt to regain the money that has been invested into that particular piece of real estate.
Choosing Your Niche
When you decide to become involved in real estate investment by specializing in foreclosed properties, you will need to first determine your niche. In other words, you should start off by targeting one type of property. Perhaps you will focus on “fixer uppers” that you will repair and then sell. Or, maybe you will specialize on commercial properties.
Whatever you decide to specialize in, the chances are that you will have plenty of properties to select from. In fact, the number of foreclosure properties available each year in the United States is topping half a million and those numbers continue to grow.
Picking the Right Stage of Foreclosure
As you explore the possibility of purchasing foreclosed real estate, you will need to learn more about the three major stages of foreclosure. These stages are pre-foreclosure, auction/trustee sale, and real estate owned. There are pros and cons to completing your purchase during each of these stages, so you might find that you prefer to close the deal at a particular stage. This is entirely up to your personal preference.
During the pre-foreclosure stage, the homeowner has received a certified letter stating that the home will be foreclosed upon if payments are not made current by a certain date. You can approach a real estate owner at this time and offer to purchase the property before the foreclosure occurs. There is little risk involved with purchasing property during this stage and you can also enjoy the satisfaction of helping someone get out of a bind, though you need to make sure there are no judgments or liens on the property before you finalize the deal.
During the auction stage, the property has been put up for auction or put up for what is referred to as a trustee sale. This step occurs when the owner fails to bring the payments up to date in accordance with what was stated in the letter that was received in the previous stage. During this stage, you can purchase the property by paying the lender so it does not have to take the property back. As a result, you can often receive a discounted price. To buy the real estate at this time, however you will need to have the cash needed for the purchase. You also have to purchase the property “as is,” which can be a risk if there are problems with the property.
If no one purchases the property at auction, the lender had to buy it back. It is at this point that it is considered Real Estate Owned. At this stage, the lender may attempt to make a profit from the property. Nonetheless, you can typically get a good discount at this stage. In addition, waiting until this stage provides you with more time to do research on the property ahead of time.
Real estate investment can be an excellent way to make extra money and to plan for your future. At the same time, you need to take the time to learn about this type of business and to understand the pros and cons of investing at the various stages in order to make sure you minimize your risks and maximize your profits.
|
|
Comments (0) :: Post A Comment! :: Permanent Link :: Email This Entry
|
|
Categories
Favorite Links
|
