Archive for Austin Real Estate

Travis Heights Condo Open House Sunday (5/21/17) 1:00pm-3:00pm

Welcome home to this modern, mid-century style condo. Only two units in this condo regime nestled in the heart of Travis Heights. This two bedroom, one bath features high ceilings, natural light and stained concrete flooring. California Closet System installed in master closet. Upgraded chef style kitchen with stainless steel appliances and vent hood is open to living area. Large fenced in yard space with patio that is perfect for outdoor living. Covered carport with attached utility and storage room.  1120 Gillespie Place #2, Austin TX 78704 (MLS#1625287)

First Time Home Buyer Program

I met with a lender this morning that is offering a financing option for first time home buyers that might be worth considering. Their product allows first time home buyers to obtain financing with a low down payments, waived fees and no mortgage insurance.

Some of the requirements for qualification of this financing are: minimum 680 credit score, 5% down payment, maximum loan amount of $417,000 and a purchase of a single family detached home. Some of the benefits of their program are no origination, processing or underwriting fees as well as no mortgage insurance. Removing mortgage insurance from your monthly payment can be a big savings. Another incentive to this program is the first mortgage payment is not due for 3 months! Having a delay in the start of your monthly payments can help many first time home buyers with all the other expenses that are normally incurred during moving like new appliances, window treatments and furniture.

As always I recommend that you start the home buying process by meeting with a mortgage professional to discuss the best options for you. It is not a one size fits all.

 Contact me if you need a referral to a mortgage professional and lets get you pre-qualified so you can start home shopping!

7511 Mifflin Kenedy

Legend Oaks is one of those sought after Southwest Austin neighborhoods.  The tree-lined streets and convenient location are attractive to residents in Legend Oaks.  This subdivision also offers residents a community park, swimming pool and tennis courts for outdoor recreation.  There are many bike lanes in this area offering cyclists and opportunity to get out and pedal.

The home for sale at 7511 Mifflin Kenedy is a charming home with three sides brick and low maintenance yard.  This smart floor plan features a family room with high ceilings, gas log fireplace and built-in shelving and storage.  The kitchen has ample counter space, a breakfast bar and is open to the dining area that overlooks the backyard.  The bedrooms are good sized for a smaller home and all have spacious walk-in closets which can be a rarity.  The current owner has recently installed new tile flooring in the kitchen, entry and master bath as well as carpet in the family room.  The secondary bathroom floors and shower surround has also been updated with beautiful marble and an artistic inset shelf in the shower.

This is a great starter home for those buyers looking to enter the neighborhood.  Southwest Austin has seen a burst of growth over the past few years with many new restaurants and shopping. 

MLS 4844621

Getting ready for the spring sale

If you are considering selling your home in the spring, here are some tips for you to consider.  Start now by “spring” cleaning in the winter.  Now is a great time to clean out closets, attics and going through all the stuff you have accumulated while living in your current home.  By doing this it will give your home the appearance of ample storage and rooms will appear larger.  In addition you will get the bonus of having to move less. 

Get estimates on those minor or major repairs you have been putting off.  Contractors are not as busy this time of year and it is much easier to beat the rush and get on their schedules now.  Have you heating and air conditioning units serviced.  This is often an item that will show up on an inspection report.  If you are not sure what type of deferred maintenance you are dealing with you might consider getting your home pre-inspected.    The inspector will give you a detailed report of those items that are not to code or in need of repair.

If you live in the City of Austin and your home is more than 10 years of age, you will most likely need to get an energy audit performed.  This audit is required to be disclosed to buyers prior to closing.  There are some exemptions related this audit and you can find out what the exemptions are on the Austin Energy website.

The main advice is get ahead of the curve now.  Many of the projects will seem overwhelming when dealt with all at once and I often see sellers compromise on doing some or all of them because they get anxious to sell now.  This ultimately is not in the seller’s best interest as buyers will have the impression that the home was not well cared for instead of a home that is move-in ready.

Are you ready to buy?

Many clients and customers call me and are eager to go look at a home and I immediately ask them if they have done their homework.  Their response is generally “isn’t looking online and shopping for a home the homework?”  My standard answer is no, not exactly. 

If you are considering buying a home the first step, and in my opinion the most important step, for any buyer in today’s market should be to call me for a lender referral.  A buyer needs to visit with a lender before they even start dreaming of their new home.  In today’s lending world there have been so many changes and tightening of the purse strings that even those buyers with good jobs and good credit are getting major surprises when trying to get pre-qualified or pre-approved for home financing.  It is an easy process to fill out an application and provide the lender with details on your income, assets and debts.  The lender will check your credit score and run the application through an underwriting software system to determine your buying power, what types of loan products are available for you and how much you will need to put down plus an estimate of closing costs.

The last thing I want to happen to my buyers is for them to find the perfect dream home only to find out there is some obstacle that they need to overcome to get financing.  So start your homework early and call me for a lender referral so the buying process will go smoothly.