Austin, TX Real Estate News

By Danny Smith
(DISCOVER TEXAS HOMES)
I was born in Clovis New Mexico April 8th 1952 a very good year.---------------------------------------------------------------------------------------------------------------------------Looking back on 1952Norman Petty begins to claim Fame http://www.superoldies.com/pettystudios.html Clovis' own Norman Petty began playing piano when he was 5, and as a young teenager organized his first group, "The Torchy Swingsters". To improve their performance, he recorded their shows for play-back practice, thus beginning his real interest in recording. Returning from military service in 1946, Norman resumed a job as staff announcer for KICA Radio in Clovis, NM. However, music wasn't his only love, his high school sweetheart, Violet Brady, was home from college and their romance turned into a summer...
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By Steve Crossland, Austin TX Real Estate
(Crossland Real Estate)
Sylvia and I have been hopping busy the past couple of weeks, and we're starting to see a lot of multiple offers again, and it feels like the Selling Season is ramping up as it did about this time last year in Austin. Here is a look at the last several deals we've written for Buyers this past week:• We wrote a deal two days ago in which the agent had 5 offers. This was in Area 10S (old Austin MLS Area 10 is now split into North/South, thus area 10S and 10N replace old area 10). In order to win, our buyers went $2,100 over list price, offered all cash, offered a closing date of Seller's choosing, and of course we wrote an impeccable offer that was free of mistakes or errors, which the Seller was able to sign without counter-offering. The offer was also accompanied by a letter outlining w...
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By Steve Crossland, Austin TX Real Estate
(Crossland Real Estate)
(original posted at Crossland Team Blog Jan 2006) When talking with buyers and sellers lately I spend a lot of time explaining the "Hot Market Factor". What this means is that when doing a market analysis for a buyer or seller, we are looking at Sold data, but we give much more weight to Active and Pending listings than we would in a neutral or flat market. The Sold homes have actually closed and we know the price paid, so they are always most important to look at. But we also look at Pending and Active listings to see what current activity is like in the subject area. After we arrive at an average price sold for similar properties, we decide if a "hotness factor" needs to be added to the list or offer price. This can result in list prices or offers that are "over market value" based on...
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By Tricia Jumonville, Texas REALTOR , Agent With Horse Sense
(Bradfield Properties)
According to the Austin Board of Realtors December MLS report, single-family home sales are strong.  December 2006 showed a 3% increase over December 2005, with the median price of a single-family home over the same period rising 4% to $177,500. The year-end statistics showed a 10% increase over 2005, with a year-end median price of $174,500, a 6% rise.  With the lowest average days on market in four years, and the lowest number of active listings since 2001, added to an average 3.32 months of inventory, it sure looks to me like, as a region, we're still in a seller's market.  Individual areas will vary, of course. 
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By Steve Crossland, Austin TX Real Estate
(Crossland Real Estate)
Original posted on Crossland Team Blog Jan 18, 2006 Recently I sat scratching my head wondering why some Austin real estate sellers make it difficult to show their homes. On this particular day, I was scheduled to pick up a Buyer at a hotel at 10:30 AM. We were going to be looking at homes from about 11:00 AM until 2:00 PM that day. At about 9:00 AM I started calling occupied properties to let the owners know the approximate time I'd be showing up with my buyer, based on the route I had mapped out.To my amazement, 7 of the 12 listings had owners who imposed some sort of limitation or restriction on the showing process. These ranged from "can you call me right before you get here so I can put the dog out?", to "can you come at a different time?", to "you won't be able to show the upstair...
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By Steve Crossland, Austin TX Real Estate
(Crossland Real Estate)
Once your real estate offer in Austin TX has been accepted, have you just purchased a home? If you are a seller, and have just accepted a real estate offer, have you just sold your home? The answer to both questions is, not necessarily. Let me explain. Buying real estate in Texas is a two step process. Let's look at how this works.Most offers include an Option Period. That is a period of time during which the buyer has the unrestricted right to cancel the deal and walk away. The buyer usually pays very little for this right. It only takes a $100 to $300 option fee in most instances to tie up a property for 7 to 15 days. (Don't confuse the option fee with earnest money; they are two different things.)So, when a real estate offer has been accepted and signed by all parties, what has sold ...
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By Steve Crossland, Austin TX Real Estate
(Crossland Real Estate)
Last sunday the Austin Statesman had a series of real estate articles summarizing the past year in Austin real estate. The main article led off with a sub-headline "Hutto is Hot!". Upon what data or information did the author form this conclusion? The assertion was made based on the fact that the number of residential sales in Hutto in 2006 increased 60% over 2005 - more than any other area of Austin. Should the increase in number of sales be the sole determinant of what constitutes a "Hot!" area? No, it shouldn't. This is another example of why it's foolish to trust on face value the writings and proclamations of newspaper and magazine journalists writing about real estate. Most of them, in my opinion, write a lot of garbage because they don't know how to interpret the data they are wr...
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By Danny Smith
(DISCOVER TEXAS HOMES)
So What's your Opinon on NO Tailgating?  Tailgating - Following too closely behind another motorist, or tailgating, is an aggressive driving behavior. You could be ticketed for tailgating. Worse, you could cause a crash, and end up hurting yourself and wrecking your car in the process.Tailgating is a common cause for traffic crashes. So keep these thoughts in mind:As lovely as you may think your vehicle is, the driver in front of you doesn't care to have it fill up his or her entire view in the rear view mirror. Tailgating doesn't make the person in front of you drive any faster, and may just get them irritated with you. If you must get ahead of the vehicle in front of you, maintain a proper distance and wait for a safe time in which to pass.  Tailgating is the practice of driving on a ...
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By Danny Smith
(DISCOVER TEXAS HOMES)
Community Impact;  http://www.impactnewspaper.com/wwwUniversity Boulevard/RM1431 and IH35 In our new feature, Community Corridors, we focus on one of the hottest intersections in the country.  "We have had national developers approach us about this intersection, " Round Rock's City Manager Jim Nuse said, "and they tell us that this is one of the most talked about intersections at the national level for commercial development." All someone has to do is look at an aerial map from five years ago to see the change. This sleepy intersection has become home to destination retail such as the Round Rock Premium Outlets and IKEA. Teravista subdivision has been selling well and with the opening of Scott & White Hospital and the upcoming opening of the Seton Williamson Medical Center, growth will ...
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By Danny Smith
(DISCOVER TEXAS HOMES)
To me the best and quickest way to improve your life is just to think more positively. Your thoughts have a huge influence over every aspect of your life. Your thoughts determine your personality, the quality of your relationships, your financial success, your physical health, and much more. Life isn't always simple and no one goes through life without problems, or without running into obstacles.  And some of these problems or obstacles can be huge.  But what's really important is how we face these obstacles.  If we think negatively, we can be overwhelmed, give up or become ineffective in dealing with them.  But there is a much better way to handle them.  We can choose to look for something positive in the situation.  We can choose to consider it a blessing in disguise - even if we have...
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By Danny Smith
(DISCOVER TEXAS HOMES)
Need something to do in the month of February? Below you will find a list of all the festivals. Plenty to do all month for everyone.Central TexasFebruary 10 - Round Top3rd INTERNATIONAL GUITAR FESTIVAL... Quatermaglia Quartet and Eduardo Isaac at 1:30 pm, Quatemaglia Quartet and James Dick at 4:30 pm, Eduardo Isaac and the Round Top Philharmonic at 8pm. International Festival-Institute, Hwy. 237 at Jaster Road. Call for admission and reservations. (979) 249-3129, or visit http://www.festivalhill.org/.February 17-18, March 17-18 & April 21-22  - New Braunfels - OLD GRUENE MARKET DAYS 2007... Every third week-end except Dec/Jan. Browse outside booths of authentic artists and craftsmen in this turn-of-the-century town set on the beautiful Guadalupe River. Also visit Historic Gruene Hall an...
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By Danny Smith
(DISCOVER TEXAS HOMES)
There are four main components in an average septic system. These are the pipe running from the house, the septic tank, a drainfield and the soil. The soil is very important to the operation of your septic system because microbes found in the soil help digest or remove most contaminants from the wastewater before it reaches the groundwater.The pipe running from your house to the septic tank carries all waste water and waste products to the septic tank.Septic tanks are buried and watertight and are usually made of concrete, fiberglass or polyethylene. The purpose of the septic tank is to hold the waste water until the solids settle creating a sludge and the oils and grease float to the surface creating a scum film. The tank will allow for partial decomposition of the solid waste while co...
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The 2006 numbers are in from the local board and they show that 2006 was quite healthy for the Austin real estate market in general.  I say in general because the median price of a home in Austin appreciated 6%.  However, just as it must be in other markets, different areas saw different numbers.  I posted the details on my Austin Real Estate Guy Blog and I don't want to redo the post.  I posted all MLS Areas as well as the median price and appreciation rate for each.  If you want to see how the Austin area performed compared to where you are, read my post about 2006 Austin Market Stats.
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By Danny Smith
(DISCOVER TEXAS HOMES)
Here is where you can find information pertianing to Austin & Texas. Some are subscriptions delivered to your door others are online at your finger tips. Use them for information or to send to your clients.Magazines and EZinesAustin Business District:   http://www.abdmag.com/Austin Family:   http://www.austinfamily.com/Austin Fit:   http://www.austinfitmagazine.com/Austin Monthly:   http://www.austinmonthly.com/Austin Women:   http://www.austinwomanmagazine.com/Austin Buisness Journal:   http://www.bizjournals.com/austin/Country Line:   http://www.countrylinemagazine.com/The Good Life:   http://www.goodlifemag.com/Hill Country Sun:   http://www.hillcountrysun.com/Insite Magazine:   http://www.insiteaustin.com/Parent Wise Austin:   http://www.parentwiseaustin.com/index.shtmlPop Culture: ...
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By Tricia Jumonville, Texas REALTOR , Agent With Horse Sense
(Bradfield Properties)
If the Super Bowl isn't your thing, there's an alternative for the first weekend in February.  On the 2nd, 3rd, and 4th, the Way Out Wineries of Texas are having a Mardi Gras Road Trip touring the 8 member wineries in Central Texas towns for tasting and food and wine pairings involving Louisiana food.  The wineries are all Northwest of Austin.  Details and advance tickets are available at their website. 
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By Tricia Jumonville, Texas REALTOR , Agent With Horse Sense
(Bradfield Properties)
Many things in the past have come together to make Austin the city it is today.  In a series of blogs, I'm going to revisit them. Bedichek.  Dobie.  Webb.  Three friends whose names ring in Austin history.  A naturalist, a writer and folklorist, an historian.  They are remembered by Austin in a statute called "Philosopher's Rock" that shows these great men, in swimming attire, engaged in one of their favorite activities, discussing ideas, at one of their favorite places, a flat rock at Barton Springs Pool. Their spirits, it seems, still wander in Austin, watching over the city, keeping it just a bit iconoclastic in these modern times.  May they always be with us.   
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In December of 2006, the Central Texas area had a very healthy 3.1% job growth rate.  That is very strong.  No wonder real estate here is still so strong.  The number of active listings in December was about the same as December, 2005 but prices were up.  Healthy Austin area job growth leads to a healthy Austin area real estate market.
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Hamilton Pool Rd. is in western Travis County.  It takes off from HWY 71 and meanders through the Hill country toward and across the Pedernales River.  A few years ago if you took a drive out that way you would see some residential development, but not a huge amount.  There homes on acreage, ranches with goats or cattle and a few horses here and there.  Well that picture has changed.The Lower Colorado River Authority (LCRA) built a water pipeline about 13 miles out Hamilton Pool Road.  Can you guess what happened?  Not just growth, but high-end growth.  A little over a year ago I went out to Belvedere for a tour.  Belvedere is a development just a few miles before FM12.  It has 1+ acre home sites and the homes start at around $750,000.  Belvedere offers some excellent Hill Country views...
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By Danny Smith
(DISCOVER TEXAS HOMES)
Austin is a legendary, lively city and a great place to live. The five-county region is known for its Hill Country scenery, historic communities and laid-back lifestyle. Talk to anyone who has resided here and you are bound to hear " I wouldn't live anywhere else!" Austin is an oasis in the heart of the Lone Star State.Below are two links that will help anyone find everything about Austin!http://www.ci.austin.tx.us/library/ea_index.htmhttp://www.austinfast.com/I encourage anyone who has never been here to at least visit! Danny Smith REALTOR®Avalar Real Estate Associates512.657.5943dsmith93@AvalarAREA.com 
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"Good Fences Make Good Neighbors" but what about a Bad fence? What if the fence has been there a long time and is dilapidated and falling down? Who is responsible for repairing it? What if it was there before you moved there? Is it up to your neighbor to repair it or can you intervene?1. Talk to your neighbor you may be able to agree on repairs, cost and what type of fence.2. Check your HOA rules, also if there's a need for a permit.3. Be sure to install the fence according to the limits of your property line (look over the survey) and do not build on common property (just because you're part owner in common of this property, doesn't give you rights to build on it). Referance Link below: Fences, Laws, Problems, & Solutionshttp://www.lectlaw.com/files/lat05.htmThe Mending Wall , by Rober...
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