Wednesday, October 27, 2021

Historic Homes in Austin

Founded in 1839, Austin is rich in history. The capital city of Texas has a lot to offer when it comes to taking a look back into the past. One of the best ways to do this is by checking out some of the historic houses around the city. Texas Governor's Mansion The Governor's Mansion in Austin, Texas, is the official residence of the Governor of Texas. This mansion, erected in 1854, has served as the residence of every governor since that year. The mansion was severely damaged after a Molotov cocktail sparked an arson fire on June 8, 2008. In 1856, Abner Cook finished this Greek Revival structure in the middle of a block, surrounded by trees and gardens. A 6,000-square-foot home once stood here. During the year 1914, it had significant renovations, increasing its size to 8,920 square feet. There were eleven rooms in the original mansion, but there were no bathrooms. After the renovations, there are now 25 rooms and 7 bathrooms in the house. The Board of Mansion Supervisors was founded in 1931 by the 42nd Texas Legislature on the advice of former Texas First Lady Mildred Paxton Moody to oversee all mansion maintenance and improvements, both inside and outside. The Fischer House The Fischer House was built in 1882 and is a historic home in the heart of downtown Austin. As a notable Austin mason at the time of construction, Joseph Fischer's high Victorian era Italianate architecture and embellishments represent the family's expertise in their trade. 1008 West Avenue is the address of the property. On December 16, 1982, it was listed on the National Register of Historic Places. Robinson-Macken House In west downtown Austin, at 702 Rio Grande, you'll find the Robinson-Macken House, an incredible historic landmark. Designed in Second Empire style architecture with Italianate details, this 2.5 story farm home was built in 1876 for Elizabeth and John Robinson Sr. The mansion, built by the local prominent Bremond family, is located in the original 1839 Austin town plan created by Edwin Waller. Style-wise, it resembles the Bremond home, which has been conserved as part of the Bremond Block Historic District. Eugene Robinson, a Robinson descendant, bought the property from the other heirs in 1902. In 1928, Joe and Bridget Macken purchased the house, and it stayed in their family until 1983. Austin had two community leaders: John Robinson, who served as chief of the volunteer fire department, and Joe Macken, who served as an alderman. In addition to projecting bay windows with classical details, exquisite milled wood accents, and dormer windows, the l-plan Robinson-Macken house also has a mansard roof. John Bremond House Austin's Bremond Block Historic District consists of eleven historic homes built between the 1850s and 1910, including The John Bremond House. Only a few upper-class Victorian districts from the mid-to-late nineteenth century are left in Texas, this block being one of them, earned it a spot on the National Register of Historic Places in 1970. Brothers Eugene and John Bremond, well-known in Austin's social, commercial, and banking circles in the late nineteenth century, commissioned the construction or expansion of six residences for their families. All four of these buildings are in the same square block on the west side of Guadalupe Street. At least three of the residences in the neighborhood, including those on San Antonio's west and south sides, were built or altered by the North Family. Henry Hirshfeld House and Cottage In Austin's historic district, the Henry Hirshfeld House and Cottage were formerly home to the influential Hirshfeld family. Henry and his wife Jennie lived in the 1873 cottage until 1885 when they moved into the larger house. The residences have been well-preserved and are now home to the Texas A&M University System's Office of Governmental Relations. The structures were listed on the National Register of Historic Places in 1973. Architecturally, the Henry Hirshfeld House combines elements of Victorian and Eastlake styles. It was designed and built by John Andrewartha. A double gallery, a bay, stretched glass, elegant woodwork, and delicate limestone details adorn the exterior of the building. Shortly after the main house was finished, the two-story stick-style carriage house went up on the property. In 1873, Hirshfeld commissioned the construction of a one-story stone cottage for his family. The porch has jigsaw woodwork, and the roof has a widow's walk. A rental cottage was kept as soon as the family relocated to their new home in 1888 on the neighboring east lot. O. Henry Museum When William Sydney Porter, better known as O. Henry, lived here, this property was a historic tiny Victorian cottage in Downtown Austin. The cottage was constructed in 1886 and featured a simplified interpretation of the Eastlake Style. Porter and his family lived there from 1893 to 1895 before moving to Houston, when Porter began working full-time as a journalist for the Houston Post. Even though O. Henry was most known for novels that were written in North Carolina, he also wrote 42 stories that were published in the Lone Star State. Before 1930, the house had been used as a rental property and soon demolished to make way for a warehouse. Several women's organizations banded together in January 1934 to propose to the Austin City Council: If the city accepted and relocated the house as a donation from Austin Rotary, the women's organizations would restore it and open it as a "shrine." The proposal was rejected, but a few years later, the Austin Rotary Club donated the house to the city. It was transferred from its original location on East 4th Street to Brush Square, 409 East 5th Street, where it was repaired and inaugurated as a museum in 1934, thanks to the efforts of the City of Austin. Some of Porter's personal things, books, papers, and photographs document his time in Austin and are currently displayed among many other historical artifacts. In 1994–95, the roof was replaced, and four brick chimneys that had been lost in 1934 were replaced on the building. On June 18, 1973, the Porter House was listed on the National Register of Historic Places. The O. Henry Museum presently hosts the annual O. Henry Pun-Off, a spoken pun competition, the first weekend of May every year. The museum was named after American author O. Henry. Susanna Dickinson Museum Historical monument and last remaining dwelling of Susanna Dickinson, dubbed "Messenger of the Alamo" and built in the "rubble-rock" architectural style popularized by German immigrants to Texas' Hill Country. After surviving the Alamo's bloody battle, she delivered to Sam Houston the news of its collapse, which helped Houston beat Santa Anna in the Battle of San Jacinto and secure Texas' independence. Susanna's husband, Joseph Hannig, built the house in 1869. In honor of Susanna Dickinson Hannig's heroics, the place she and her husband built in Austin in the early 1900s was deeded to the city in 2003 and has since been restored and opened as a museum on Texas Independence Day, March 2, 2010. Rare Dickinson family heirlooms and Hannig furniture can be found inside the museum. Before 1875, the couple had lived in this residence for six years before relocating to Hyde Park. Brush Square Museums, including the O. Henry Museum and the Austin Fire Museum, houses the museum. There is a magnificent museum on the Alamo grounds where you may be shown around and hear from the brave Alamo soldiers who survived the battle. Brizendine House The Brizendine House, built in 1870 in the heart of downtown Austin, is a historic landmark. An extension to the Travis County Courthouse and the Blackwell/Thurman Criminal Justice Center now surround the structure on 11th Street in Austin. In 1974, the home was listed on the National Register of Historic Places. This basic vernacular rough ashlar house illustrates the way of life of an Austin working-class family in the late nineteenth century. The building's exterior proportions are clearly influenced by Victorian architecture. An Austin carpenter, machinist, and miller named John R. Brizendine (1829–1914) used limestone to construct the structure around 1870. Brizendine was a native of Kentucky who settled in Austin and worked on the building until his death. Family members stayed in the house until 1972 after Mrs. Elizabeth Gordon bought it in 1928. Littlefield House There's a lot of history behind this house on the UT Austin campus. It was erected in 1893 for Civil War veteran and philanthropist George Littlefield. It cost $50,000 at the time to create it in the fashionable Victorian style. When the Littlefields lived in the house, they donated a lot of money to the university, which they used to build the Littlefield Fountain, the Main Building, and the Littlefield Dormitory, among other things. The Littlefield Building in downtown was created by them as well, and they completed it in 1912. Alice Littlefield left the deed to the house to the university when she died in 1935. The university uses the ground floor for university functions, and the Office of University Events utilizes the second floor. In 1970, it was included on the National Register of Historic Places as a result of its historical significance. Dive Deeper In this post, we only touched the surface of the history behind the roots of Austin. Many of these places offer tours and walkthroughs where you can dive deeper into the history!

Tuesday, October 26, 2021

Home Features that Millennial Homebuyers Love

Austin homebuyers are smart, so naturally, they want to see today’s techno lifestyle built into their dream houses. Because millennials are buying the majority of new and previously-owned homes in Austin these days, sellers must keep up with the trend of smart technology and energy efficiency. It seems everyone is moving to Austin, Texas! That makes it easier to sell your home right now, as long as you add a few upgrades, including the home features that millennial homebuyers love. Outside Virtual tours have already given buyers a glimpse of the house, so if you want people to check out the inside, the perimeter of the home must look as good or better than the pictures. Fix cracks in the driveway and walkway. Paint or stain railings, shutters, and doors. Replace a broken mailbox and faded house numbers. Landscaping The first thing anyone sees when looking directly at the house is the front yard and flower beds. Brightly colored blooms, well-kept beds, and a sculpted lawn let would-be buyers know that they won’t have to do a lot of grunt work to get the place in shape. Plant a flower garden with lilac prairie verbena, rockrose, purple skullcap, and bright yellow primrose. Trim bushes and trees against windows and clean up fallen leaves and debris. Remove weeds and ragged-edged grass. Yard Guard Source Backyard living is part of today’s lifestyle in Austin, and so is fencing … especially attractive to buyers with young children and pets. High privacy fences of wood, steel, glass blocks, and iron are always a draw, but whatever you do, be sure to follow Austin’s residential fencing laws. Light up the outside with solar sticks and motion-detecting fixtures. If building a deck or cementing a patio is out of the question, lay some prefabricated paver tiles over the grass near the back door. Inside Source Cool It! In Austin, heating bills are not generally much of a concern. But with the air conditioning going full blast in summer, it may be time for an upgrade. Energy-efficient appliances are what homebuyers are looking for, in the hopes of cutting down on one’s carbon footprint and supporting a cleaner environment. If a new air conditioner is not possible, install ceiling fans -- they increase air circulation and help to reduce cooling costs. Eat and Greet Fancy formal dining rooms are a thing of the past. Today’s hangout is in the kitchen, and it’s even better if the area extends into a larger family room. Large kitchens with lots of counter space bring people together for eating, socializing, and watching television. Open floor plan remodels may not be possible for older homes but if you’re thinking about doing so, first determine if the return on investment will make it worth the time and effort. Bath and Bed Spruce Up Homebuyers don’t want to look at bathrooms that are old and moldy. Vinyl and linoleum flooring gets dingy and dirty over time – get rid of it. Replace rusty faucets and scummy shower doors. Create a clean and comfortable vibe for bathrooms because, after all, they’re the places in the home that get used the most. Bedrooms are important too. Repaint or paper walls with neutral colors. Replace worn carpeting. Closet space is a big selling point for all homebuyers. If the closets in your home aren’t very big, consider adding an organization system to create more storage room. Go Tech Technology is a big part of today’s home, where Wi-Fi and smart capabilities are an absolute must. Smart gadgets like doorbells, thermostats, security, windows, locks, and light switches are part of the indoor landscape. Internet and cellular phone service are part of everyday living. Contact your local service provider for ways to make your home more tech-savvy. Homeward Bound Working at home is a big thing these days, partly because of the COVID-19 pandemic and partly by choice for workers and employers. Designate an area of the house for a home office to work, pay bills, play games, interact on social media, write, and just chill out. (If the house doesn’t have the space, get some wall dividers for turning a room into a work-play area). Place a small table with electrical power strips nearby to show buyers they can plug in their phones and tablets for a recharge. Drawing people to the Lone Star State is an easy sell, but older Texas homes need a facelift to compete with the new builds. Still, older homes do have a certain charm, and when buyers see the upgrades are in place, they’re more likely to make that first bid. James Winston is a home stager and freelance writer. He enjoys upgrading homes with all the latest gadgets and improving landscapes.

Friday, October 15, 2021

Elon Musk moving Tesla Headquarters to Austin Texas

In a shareholder meeting, Elon Musk announced Tesla's headquarters would be moving from California to Austin, Texas. Musk's concerns with operating out of California were the expensive housing costs for employees and limited land for expansion. These reasons, along with a distaste for business restrictions imposed on the company by California, have fueled (or should we say charged) the move. It is important to note that Elon stated Tesla isn't entirely leaving California. They will still run operations out of the golden state. However, Texas will see a majority of production and expansion from the electric car company. What will this Mean for the Austin Real Estate Market? With Austin already experiencing an enormous housing market boom, it's interesting to question what kind of further impact this move will have. Many other large companies are building in or moving to Austin, such as Oracle, Amazon, Apple, Facebook, Canva, and SpaceX. These and others will be accelerating the economy further and continue to increase the cost of living in our city. Even at all-time highs, it is a great time to begin investing in the Austin Real Estate market. With all the expansion and growth the city is seeing, it only makes sense for the market to follow. If you're curious about your options when it comes to buying in Austin, feel free to reach out by filling out the form below!

6 Scariest Haunted Houses in Austin Texas

Thursday, October 7, 2021

Why is Everyone Moving to Austin, Texas?

Austin has seen a crazy uptrend in residents over the past decade. A lot of people are wondering, what exactly is drawing all of these people to this city? The more you learn about Austin, the more it makes sense. While of course, this city won't be the right fit for everyone, Austin has a lot to offer. It's Less Expensive than other Major Cities Many of the people relocating to Austin are coming from cities such as Los Angeles and New York. Coming from cities like these, the prices are a lot more reasonable in comparison. People are finding more for their money while still living in a large growing city.  The Weather is Gorgeous With an average of 228 sunny days a year, Austin is a great place to live if you enjoy warm weather and outdoor activities. In fact, it's listed as one of the sunniest cities in America! During the Summer season, the heat is no joke, but the Spring, Fall, and Winter seasons are absolutely heavenly thanks to the mild temperatures and golden sunshine. There's an Abundance of Outdoor Activities The beautiful weather we have here in Austin helps make outdoor activities a lot more enjoyable and available. We have a very active scene of runners, hikers, bikers that take advantage of the many trails and parks that are nestled in the city. And when the heat becomes too much, there are many ways to cool off such as visiting our local spring-fed pools, paddleboarding on lady Bird Lake, or heading out to Lake Travis. Employment Opportunities are Plentiful Austin is finding a lot of companies relocating to the city, some notable names include Oracle, Google, and Tesla. What makes Austin desirable for companies is lower housing costs and tax rates compared to other big cities, and Texas has more relaxed regulations for companies. The Locals are Genuinely Friendly One thing that often surprises a lot of people when visiting here is how friendly everyone is. With a population of just over 1 million, Austin is not a small city. However, Austinites have a way of really making you feel welcomed and important. The Food is Incredible Austin has consistently found itself placed high on lists rating the best food cities in America. The two holy grails of Austin are Tex-Mex and Barbeque with endless options scattered around the city. Another thing we're well known for is a lively food truck scene. Some of the best meals in the city can be found here so be sure to give them a try. Lively Music Scene The music scene we have here attracts a lot of visitors. You can experience live music in theatres, bars, restaurants, and even out on the street. We are also home to festivals such as SXSW and Austin City Limits. No State Income Tax One of the biggest financial perks to moving to Austin is taking advantage of Texas' no state income tax. This is huge for people moving from states with extremely high state income tax rates such as California.

Tuesday, October 5, 2021

Should you Have an Open House?

Technology has changed the real estate industry tremendously over the years. With the majority of people doing their search from the comfort of home, you may ask yourself if holding an open house is worth it.   While having an aggressive online strategy and stunning photos are important, there are still some huge advantages to this old-school method. Let’s start by answering some common questions. Will an Open House Sell my Home?  It’s unlikely for an open house alone to sell a home. People don’t just walk into a house with a briefcase full of cash and close on the spot. However, coupled with the rest of a solid marketing plan, they can be extremely valuable. Two important things will be generated, attention and interest. Are Open Houses Worth it? Knowing an open house won’t sell your home on its own, you may ask yourself if it’s worth doing. If you only hold an open house and don't back it up with any other marketing methods, it will be easy to get lost in the current real estate market. From what our team has found, open houses are still very much worth the time when paired with the rest of our aggressive online strategy. Below are some reasons why open houses are worth it. There are many buyers who many not want to book a private showing with an agent and prefer the relaxed nature of an open house. Open houses provide us with an opportunity to receive instant feedback about the home which helps with making any necessary changes. Open houses are a great time to share with friends and family who can then mention the listing to people they know are looking for a home. Neighbors may drop in and also mention it to someone after seeing signage outside. You can set the scene and ensure your home is show ready, unlike when people drop in on short notice with traditional showings. Things to Take Care of Before Showings Before you let prospective buyers walk through your home, it's best to make sure everything is in presentable condition. Starting with The Exterior Give the lawn a fresh cut Trim your trees and shrubs Wash all windows inside and out Sweep the sidewalks and driveway Moving to The Kitchen Declutter and clean all kitchen countertops Take down any notes, photos, and magnets from the refrigerator Make your cabinets, sinks, appliances, and floors sparkle with a good wipe down Patch/paint walls and ceilings Moving to The Bathrooms Eliminate any unnecessary items from your countertops Organize closets and cabinets Give the sinks, toilets, floors, bathtubs, and showers a deep clean Heading to the Living Areas Clean up piles of magazines and newspapers from tables Clean floors, light fixtures, and furniture Patch/paint walls and ceilings Double Check Before Showings Before buyers come into your doors, make sure to do a double-check and complete last-minute touches to keep your home looking great! Pick up after your pets Clear off your driveway and sidewalks Open your curtains to let the sunshine in When the weather allows, open your windows to let in some fresh air Tidy up anything you missed

Thursday, September 16, 2021

2022 Mortgage Rate Predictions

An increase in mortgage rates and rising housing costs are important things to look at when determining when to buy a home. Some recent forecasts of mortgage rates in 2022 show an increase from the lows we are currently at. These were estimated by researchers within Freddie Mac as well as the Mortgage Bankers Association. 2022 Mortgage Rate Forcast In July of 2021, the economic research team from Freddie Mac predicted mortgage rates in the U.S. would gradually rise through the end of this year and into 2022. At the time of this prediction, rates were hovering around 2.8%. Their forecast is estimating a slow rise for 30-year fixed home loans to around 3.8% by the end of 2022. This rise may seem insigificant to some, but if you run the numbers it makes a big difference in what you'll end up paying in interest. While this is just the prediction of one group, a very notable one, we've seen similar predictions from many economists and research groups. The Mortgage Bankers Association, mentioned earlier, has recently predicted that 30-year fixed home loans could even rise above 4% next year. Overall, we're seeing a trend of predictions showing an increase in rates. What is Driving up the Rates? Often when talking about rising rates, the Federal Reserve and their policies will be attributed to influencing mortgage rates. While their influence can be a factor, they do not control them directly. Things to keep an eye on are rising inflation and economic growth. Looking at historical data, rates tend to trend upward along with inflation and over the past months we've seen a rise in inflation. On top of this we are currently experiencing economic growth within the U.S. as a whole. This can also apply upward pressure on interest rates. Concerns of Rising Home Prices We've seen a tremendous rise in home value over the past year. This is a concern for some wondering if the trend will continue, level out, or even crash. While nobody can say for sure, it's more than likely we won't see a significant crash in prices, but there is an expectation from them to level off. However, waiting for this correction could mean more lost money through interest in the rising mortgage rates. For example let's take the average sold price in Austin, TX as of August 2021 at $656,784. At a 20% downpayment you're looking at a loan amount of $525,427. Freddie Mac is showing an average mortgage rate as of in August of this year at 2.84%, with this rate in mind over a 30-year loan you'll pay a total interest amount of $255,823. Now if interest rates increase just 1%, you will end up paying $104,438 more in total interest over the same loan period. It's important to work with your realtor, mortgage lender, and other resources to determine when the best time to buy is and what you should buy. If you have any questions we would love to be a resource. Sources: Freddie Mac and Mortgage Bankers Association

Wednesday, September 8, 2021

What's the Best way To Find a Home?

Use the Resources Available There are many apps and websites nowadays that make finding a home very easy. All you have to do is search within a certain area and you can get homes for sale nearby with information on the property such as price and more. The app we prefer and trust is the KW app. The KW app provides listings across the United States straight from the local MLS. If you're interested you can download the app here.  Work with a Trusted Agent While apps and websites can be very helpful, a local realtor can be an incredible resource when it comes to your search. Realtors are experts in the area and processes involved with purchasing real estate. They will be able to guide you smoothly through the process and get you into the perfect home for the right price.

Monday, August 23, 2021

Should you Stage your Home?

Selling your home may already seem like a lot to manage, so things like staging may seem like extra unnecessary work. Buyers however want to move somewhere they can imagine themselves living in and Kathleen from Starfish Home Staging defines their work as, “the art of making a house feel like a home.”. This is important to help paint the picture of how living in a space will feel to potential buyers. "82% of buyers’ agents said staged homes have made it easier for a buyer to visualize a property as a future home."  (According to The National Association of Realtors 2021 Profile of Home Staging.) Keep in mind, you don’t have to stage your entire house to make an impact. It’s most important to stage the living room, master bedroom, and kitchen. These places are the heart of the home and will have the largest emotional appeal on buyers. No matter the market, houses that look the best will always sell the best. The Psychology of Staging When looking to stage a home we are first making sure the house is clean and in good repair. Nobody wants to buy a property they know they will have problems with, buyers want to visualize a space that’s worry-free and easy to live in. Also, yes, the details matter greatly here. A buyer just walking through isn’t going to notice the HVAC needs to be replaced, but they will definitely see that light bulb that’s burnt out or the drawer that doesn’t close all the way. Next, we ask if the spaces make sense and whether they feel neutral or not. If you’re walking through the dining room and come across a treadmill it can make the house feel strange. You also don’t want to see photos of another family as it makes it harder to view it as your potential space when you see someone else living in it. We want a comforting and inviting feel without telling someone else's story. Now the house can be seen as more of a blank slate for the buyer to write their own story. The space should feel easy to move around in and be free of clutter. Doing this helps a home feel bigger and easier to breathe in. Setting your rooms up with these things in mind helps optimize a common first touchpoint for buyers, the photos in the online listing. Setting the home up a certain way will help draw attention to the most valuable focal points within your home. Your stager will be able to identify the best way to frame each room. You'll also want to keep a more contemporary feel as it's appealing to more buyers. This can be achieved in a wide variety of ways. You might just need some fresh paint on a few walls or updated fixtures. During your consultation, you will be guided through the steps to get the most value out of your home. Before and After As you can see, staging can greatly transform a space and give it a completely new feeling. Contact us below to see how you can best optimize your home when it comes to selling!

Thursday, August 19, 2021

How to Price your Home - CMA Guide

One of the first steps you must take when putting your home up for sale is to determine what to price it. There are many tools online that can come up with a number, however, they usually aren't very accurate. These estimates can be a good starting point, but it's best to take more time when selling your largest asset. The algorithms used for these evaluators only take into account the data they have available to them. They overlook important factors about your home such as the condition, upgrades, location, and unique features. This is why we recommend you to go over everything with a professional. The best way for you to determine what your home is worth is to work with an experienced REALTOR® that understands the local market, and perform a comparative market analysis. Comparative Market Analysis 101 So what is a comparative market analysis or CMA exactly? A CMA is a method of estimating what a home is worth by comparing similar properties and recent sales in the immediate area of your home. This will give your agent a good idea of what your home can be listed for. What should your CMA Include? A comparative market analysis will usually include around four similar properties to your home. These will be homes that have similar features, recently sold, and in the same area as yours. You will receive the sold price of the mentioned properties along with a proposed listing price for your own. Along with this you may expect to get other market data like pricing trends and the average amount of days to sell. Are CMA's accurate? Comparative market analysis' are a great tool to use and often extremely accurate. However, It's not a guarantee that your home will sell at that price. The accuracy will depend on the comps chosen by your agent. This is why it's very important to work with someone that is experienced. Ideally you want the comps to be as similar as possible with precise adjustments made based on any differences and unique features. Keep in mind though, the market is everchanging and the final sale price will likely differ. Steps to Performing a CMA 1. List the Main Features of Your Home Before we start finding properties that are comparable to yours, we need to understand the main features of your home which includes: Square Footage The # of Bathrooms and Bedrooms The location Year Built The Lot Size School District Additional Features (Swimming Pool, Garage, Etc.) After we get a good idea of these features, we can move on to analyzing the overall location of the property. 2. Analyze your Neighborhood Location is key when it comes to determining the value of a property. Being located close to large shopping centers or a desirable school district will add value to a home. On the other hand, being close to a main highway or railroad track may decrease the value due to noise and privacy concerns. An agent will make sure to take everything surrounding your home into account before finding comparable homes. 3. Assess the Condition of Your Home Besides looking at the location and general information about the home, your agent will be sure to take into account the condition of your home. Walking through the property in person will help to truly understand the condition of the property and how that will affect the way buyers gauge value. Critical parts of the house include plumbing, electrical, the roof, and appliances. Anticipating repairs or replacements to any of these could cause a reason to decrease the overall price. 4. Create a List of Comparable Properties and Average the Price With all this information about your property gathered, it's now time to find comparables. Most agents, including our team, will use the local MLS to begin the search. The MLS (Multiple Listing Service) platform, can only be accessed by agents that are current members of their local association of REALTORS®. Your agent will begin creating a list of homes with the following: The same number of Bedrooms and Bathrooms Similar Square Footage Same Number of Stories Similar Location and Lot Size Similar Features and Upgrades Similar Build Date Same School District With a solid list together that fits the criteria above, you will usually be presented with a list of the top three closest matching homes. Ideally, you'll want more to compare, but three is generally a good sample size. From here we can calculate the price per square foot based on the sales prices and find the average of the three. Then by multiplying the average price per square foot by the square footage of your home we find a potential starting price point for your home. 5. Fine-Tune With our first number calculated from the comparables, we should now fine-tune it a bit to be more accurate with our assessment. We will revisit unique features or gaps in comparison to move the price to reflect the actual value of your home.

Wednesday, August 11, 2021

5 Ways to Increase Home Value

1. Improve the Appearance How your home looks from the street, otherwise known as curb appeal, is your first chance to make a good impression on prospective buyers. A home’s exterior needs to make a potential buyer feel the urge to walk through the front door and see the rest of the property. Speaking of front doors, a good place to start is to refresh that old door to look newer and more inviting. Be sure your current landscaping is well-maintained. Compare your yard to your neighbors to see if yours looks dull in comparison. Consider planting flowers, trimming your greenery, and refreshing your lawn. With the exterior in check, it’s time to focus on the kitchen and bathroom. These two rooms can keep a property from reaching its highest valuation when they’re outdated. However, major updates usually aren’t necessary. A minor kitchen remodel has been found to recoup more cost in added value versus a major remodel. Consider repainting the walls, refinishing the cabinets, updating hardware, installing new flooring or countertops, upgrading light fixtures, and adding a backsplash. The same is true for bathrooms. Performing a midrange remodel with new flooring and a few updated fixtures will deliver better returns than a more upscale remodel. So hold the heated flooring, custom cabinets, and designer fixtures. Overall the rest of the house can find an improvement by repainting walls, replacing flooring or carpet, and keeping a clean well-maintained look. 2. Make it Easy to Maintain Many home buyers' main concern about buying a home is that it will need constant maintenance or major repairs in the future. By replacing a major component before putting it up for sale, you can alleviate some of this fear and help attain a higher sale price. Things like the furnace, water heater, and even the roof can be a good place to start. Improvements that make the house easy to clean and maintain can increase the home value as well. An easily stained carpet can be replaced with hardwood floors and high-maintenance wood siding can be replaced with vinyl siding. 3. Increase Efficiency Energy conservation features can have a significant impact on home value, the infamous Austin, TX heat can have a large impact on energy expenditure. Energy-efficient mortgages or EEMs allow borrowers to take on additional debt to cover energy-efficient upgrades on top of the purchase of the home. EEMs can also make it easy to get lower mortgage rates and increase your purchasing power, according to Energy.gov. Consider installing double-pane windows, enhancing attic insulation, using LED lighting, and installing energy-efficient appliances to increase home value and attract energy-efficient buyers. A step further could involve putting solar panels on the roof. Our agents have found solar panels to increase the perceived value of the home to energy-conscious buyers. With the large financial and structural commitment they come with, it only makes sense for increasing the value over the long term, don’t expect a quick boost in value. You can schedule an assessment with a certified energy auditor or your utility company to see where your home is wasting energy and understand which updates will save you money and increase your homes’ value. 4. Improve the Size of the Space Square footage has a substantial impact on value. In fact, price per square foot is one way we help clients compare homes that are similar in style and upgrades. Larger homes often command larger values. Even if an appraiser doesn’t officially acknowledge the full value of added space, a buyer will likely take notice and increase their desire. The most obvious way to make your house bigger is to add a room, but that’s not always an option. Creating additional living space by finishing the basement or building a deck can be a more simple way to achieve a similar outcome. 5. Add Smart Tech Gadgets that enhance the safety of the home top the list of “smart” technologies buyers want in their new homes. These safe and smart devices include things like thermostats, fire detectors, carbon monoxide detectors, security cameras, door locks, and lights. We find that while these devices won’t always directly add value to the home, they can increase the appeal to a prospective buyer over other homes. Those who describe themselves as “tech-savvy” are more likely to pay more to have this smart tech. Usually installing gadgets like these is relatively cheap and easy to do compared to other home improvements.  

Friday, July 9, 2021

How Much to Offer for a House in Austin, TX

Now that you’ve found the house of your dreams, all of the hard work is done, right? Not exactly. Before you submit an offer, you should carefully consider a few factors to be competitive in this market. The Austin market is hot right now so more care needs to be taken when making this decision. Let’s discuss some of the most important factors when it comes to determining your offer. To be straightforward, the most important factor you will have to consider is the price. Figuring out what to offer can be difficult for home-buyers. Luckily, our team of specialists have a lot of success in helping buyers present the best offer. To start, you can ask these 4 questions below: 1. What have similar homes in the area sold for? The best way to start is to compare the home you want to homes in the area. Comparables are a group of recent, similar, and nearby home sales that you can use to help price the home you want. When comparing you’ll want to make sure they have very similar criteria like the ones below: Location of Construction Bedroom and Bathroom Count Square Footage Condition Comparing these together with the house you’re looking at will help give you a good idea of a general offer. Your buying specialist will be able to help you pull this information and compare it with you. Their experience will also help with narrowing the number down further.  2. How long has this particular home been on the market? The amount of time a home has been sitting on the market may be something to take notice of when coming up with your offer. Right now, houses have been moving quickly so it’s less likely you’ll be able to work with the price. The longer a house has been on the market, the more potential you have for lowering your offer. It’s best to have a discussion with your buying specialist on what route to take. 3. What’s the condition of the home? This is a little more obvious, but the condition that the property is in will have an effect on what you should offer. Homes that are more turn-key or move-in ready won’t provide much potential here. However, fixers and rehab properties may be nice opportunities to bring the value down through negotiation. Your buyer's specialist will be looking for things like this when determining your offer. Some things you can be on the lookout for structurally include: A Droopy or Broken Roof Cracks within the Foundation Rusty Plumbing Water Stains on Walls Warped or Uneven Floors Damage from Pest Infestations A lot of issues can be hard to identify on your own, which is why you should reach out to your buying specialist. They will make sure to request disclosures from the selling agent to check for any reports or inspections that could indicate problems that aren’t visible in a walkthrough. Be wary though, these disclosures usually just document issues known to the seller. Our specialists will do more investigation to ensure any potential issues are found. 4. How flexible are you on price? In this market, if you aren’t prepared to pay over asking it will be very difficult to be competitive. Most houses are going for over asking price within a few days, so you must budget extra and expect to pay more. However, you may be able to make your offer more favorable in a few other ways such as: Contingencies Closing Schedule Rent Backs Closing Prices Some sellers may accept a lower-priced offer if something from one of these categories interests them. For example, a seller might prefer to close on the house sooner rather than accept a larger offer closing later. Talk with your buying specialist to find how to make your offer as enticing as possible. Final Thoughts All in all, the goal is for your offer to be accepted, and to close on the house of your dreams. It can be tough to draft the perfect offer, however, with the right team behind you it can be done with a lot more success. Our team has several seasoned buyer specialists that can help guide you in this process with ease. If you have any questions about buying in Austin you can contact us below.

Tuesday, January 26, 2021

Why Are Californians Moving to Austin, Texas?

Article By Emily Miller If you live in Texas, you’ve probably heard all the jokes about Californians overrunning Austin and other major Texan cities. It’s true, more Californians are turning to the Lone Star State, and in fact, the trend can be traced all the way back to the 2008 recession. California, as glamorous as it is, is also infamously expensive, and there’s no better time than a recession to seek out greener, more inexpensive pastures. The trend has been steadily growing ever since, with 2018 seeing a 36.4% growth in Californians making the move to Texas. In 2019 alone, over half a million Californians chose Texas as their new home. In fact, California currently stands as the no. 1 source of newcomers in Austin. With the 2020 pandemic, the number of transplants has continued to grow, but what is it about Texas that attracts so many Californians? Let’s take a look at some of the reasons why Austin, Texas is one of the most desirable cities for them to move to. 1.   Affordability Is Not an Issue One of the primary driving forces behind the California - Texas exodus is economic in nature. California is simply becoming too expensive for a lot of residents, who feel forced to move to less expensive areas of the country in order to achieve better economic opportunities and a better chance for a thriving future. The cost of living in the state of California is sitting at an index of 149.9, compared to 93.9 for Texas, and 119.3 for Austin, where 100 is the national average. That’s a cut in overall cost of living expenses of around 50%, which can make a major difference, especially long-term. Everything from groceries to utilities and other miscellaneous costs are right around the national average or even lower – a far cry from the overpriced life of a Los Angeles resident. 2.   Housing Is More Attainable It’s no secret that California, and Los Angeles in particular, has a huge problem with affordable housing. Residents who are not already independently wealthy or professionally established may find it difficult or even impossible to own their own home. That is one of the primary causes that are driving Californians away in droves. And where are they going? To Texas. Especially for young families looking for a home, Texas offers better opportunities for home ownership and larger houses – even in highly coveted cities like Austin. The median house price in Austin is just $369,000, almost half compared to California’s median house price of $586,659, making home ownership a much more attainable goal for the average person. That can make a major difference in the finances of the average family, especially long-term. Over a ten-year period, one may be looking at hundreds of thousands of dollars saved. 3.    There Are Ample Work Opportunities While California has a lot of professional opportunities up for grabs, the competition is also high for these roles. Since it’s one of the most competitive and sought-after areas in the country, it makes sense to seek to relocate somewhere that offers more opportunities to make a living. Major cities in Texas are growing and thriving, including Dallas, Houston, San Antonio, and especially Austin. Austin is the tech hub of Texas, and is primed to continue to grow and develop even further, to the point of seriously competing with California in terms of opportunities for progress and career advancement in tech. We know that Californians are attracted to Austin because it’s urban, developed, and offers plenty of amenities, from nightlife to restaurants, opportunities for cultural enrichment, and internet speed and accessibility to support the growing number of remote companies and employees. We can expect to see more people flocking to the city in the following years. 4.    Population Density Is Lower One contributing factor that cannot be ignored in 2020 is the pandemic and how that is affecting people and businesses. This year has seen a dramatic increase in California to Texas transplants simply because of COVID-19 alone. Texas has a much lower overall population density, with Austin sitting at 3,089 people per square mile. For comparison, cities like Los Angeles and San Francisco exceed 15,000 per square mile. That means it’s much easier to avoid contact with people than it is in an overcrowded city. Austin has been the destination of choice for a lot of people due to the lower risk and the less strict restrictions surrounding the virus, enabling them to keep their businesses open. 5.   The Weather Is Gorgeous California is the Sunshine State, which makes it an appealing forever home, and difficult to leave or become accustomed to a colder climate. From that point of view, Texas is an obvious contender for Californian transplants. The weather is similarly attractive, and doesn’t require a severe adjustment in that regard. Austin sees an average of 300 sunny days per year, and that alone places it at the very top of the list. California residents are used to an outdoor lifestyle, so it helps that Austin offers numerous activities to enjoy in the sun, including swimming and an active biking and hiking culture. 6.   Wildfires Aren’t A Problem In recent years, California has been experiencing more wildfires than ever before, partly due to climate change. But Texas isn’t struggling with the same dangers. While Texas weather does, in fact, reach higher temperatures, wildfires are rare, because the vast majority of its land mass is in the care of private owners, who can more diligently prevent and stave off wildfires. Especially considering how much wildfires contribute to pollution levels, Texas air is clean and breathable, and one doesn’t need to worry about out of control fires threatening their livelihood. 7.   The Air Is Cleaner For many who leave, California is becoming borderline unlivable because of the poor air quality and the high pollution rate. Between the sheer amount of people, the multitude of cars, and the frequent wildfires, places like Los Angeles are infamous for their negative impact on the health, lifestyle, and quality of life of their residents. With few to no wildfires, more space, and significantly fewer people and vehicles, Austin is a no-brainer for any California resident who is looking for a healthier alternative. Austin’s pollution index is low, and their purity and air cleanliness index is high. That hangs heavily in the balance, especially for families with children. Final thoughts As things continue to change around the country and people are abandoning overcrowded hubs like New York or Los Angeles, Texas is becoming a more and more attractive location, especially for Californians who are seeking a better, more affordable lifestyle. Austin is one of the most popular destinations, not just because of its more affordable housing and cost of living, but also because of its excellent weather, lower pollution levels, and continued growth.

Thursday, January 7, 2021

There's No Place Like Downtown Austin

I have been to seventeen UT football games, 3 Austin City Limits Festivals, and visited the State Capitol twice. I’ve paddle-boarded on Lady Bird Lake and picnicked in Zilker Park. I’ve shopped South Congress, hiked Mount Bonnell, ventured through 6th street, lunched at Franklin’s Barbeque, investigated the Driskill, and swam at Barton Springs Pool. Growing up in Lake Travis, a suburb thirty minutes from downtown Austin, I have had my whole life to explore everything this sought-after city has to offer. Well, here I am twenty years later, and I feel like I’ve just scratched the surface! It is no wonder nearly 170 people migrate to Austin every day seeking the city’s artistic culture, steady job growth, and active lifestyle. Austin is alive with diversity, not only in its people, but in opportunity. Not just anywhere can you traverse through nature one minute and hit the club the next. What was once just a college town that happened to house the State’s Capitol has evolved into the number one metro area to live in this country, ranked by the U.S. News and World Report. At the center of this great city is its downtown – the beating heart of Austin, currently housing almost 10,000 classic Austinites that make up our city’s identity. Want to join them but you’re afraid of the cost? Here are the top three reasons why downtown living is unparalleled: Convenient Location – Hungry? Need groceries? Want to see a movie? Downtown offers many more options for restaurants, shopping, parks, entertainment, and employment; and the best part is that it’s all within walking distance so you can ditch traffic and get your steps in! Nightlife and Entertainment – Austin is home to plenty of neat restaurants and bars that keep the city alive 24/7. Even during the day, the city is always energized with live music and events, such as farmers markets and festivals, ensuring you won’t ever never be short of a good time! Amenities – Not only is the city filled with amenities such as beautiful lakes and a stunning skyline, but the apartments are too! Most downtown residences include indoor pools, fitness gyms, business centers, a concierge service, and the most breathtaking views imaginable. Certain luxuries like these are not easy to find in the suburbs. I don’t know about you, but I’m pretty convinced downtown Austin is where I want to be and lucky for me, I’ve had the luxury of living just minutes away on UT’s campus for the past four years. Hey, speaking of downtown luxury, oh how we have the place for you… Over on 98 San Jacinto Blvd is downtown luxury living at its finest! One of the biggest units in the prestigious Four Seasons Residences, this well-appointed, penthouse-caliber 3BR home is an entertainer’s delight full of unique details, designer upgrades, and a large Chef’s kitchen overlooking the living/dining area. Abundant natural light bounces through the open floor plan across a pristine wall of windows and gleaming wood floors. The oversized master suite with a sitting area and spa bath is truly an owner’s retreat. The expansive balconies are the perfect spots to unwind and enjoy a glass of wine at sunset. Take advantage of the building’s 5-star amenities, with 24/7 concierge, rooftop pool, modern gym, library, skyline entertainment room, valet parking and more! Escape the routine at nearby Butler hike/bike trail and kayak access, surrounded by nature in this prime location on the lake. Then indulge in the many entertainment and decadent restaurants only moments away. My heart is beating faster just thinking about this listing so you better hurry up and call us at 512.261.1000 or I might beat you to it!

Wednesday, December 16, 2020

Crafty Christmas!

‘Tis the season of joy, the season of family, and the season of belief. Something magical we can all celebrate this year is the strength within us to have made it through a very challenging period of history. As you hang the stockings and wrap the presents, take a moment to reflect on your inner growth, commemorate the loved ones you may have lost, and set goals to brighten your future. Sentiment aside, no one will be vacationing in the Bahamas this Christmas. We could all use some creative activities to keep us entertained while home for the holidays. So whether you’re eight years old with glimmer in your eyes or middle aged with a wine glass, here are a few Do-It-Yourself Christmas crafts to share with the fam and add some memories to your holiday décor: Click here for more DIY Christmas crafts

Friday, November 13, 2020

November Market Update

With the election over, we are watching the market to see how consumer confidence is affected and if there are any concerns with where the new presidency will take us. Right now the market is continuing as it was. Inventory is extremely low, not just in Austin but across the country. Rumors of a possible vaccine are boosting morale so we’ll see where the good news on the virus takes us, but for now it’s still and extreme seller’s market. Prices are through the roof and we’ve seen amazing appreciation all over Austin! We’re continuing to work diligently to find houses for our buyers so give us a call with any questions, we’d love to talk strategy!

Tuesday, November 10, 2020

Black Friday Gets a Digital Makeover

Halloween may have passed but we aren’t yet rid of monsters this holiday season. Most of us enjoy showering our loved ones with gifts during the holidays and take advantage of Black Friday deals to make that happen. Right now you may be wondering what your options are this year to snag that air fryer your spouse hasn’t stopped talking about. Clearly crowds won’t be breaking down storefront doors but don’t fret just yet, retailers won’t let COVID be the Grinch of holiday savings in 2020. While the world has been battling job loss and financial uncertainty, it’s no wonder the retail industry has had a difficult year. Plagued by supply-chain issues, worker-safety concerns, and shipping delays, some sectors have faced impossible-to-meet demand while most have starved over record low sales. Forty retail companies, and counting, have filed for bankruptcy in 2020, leaving those remaining hungry for your support! Anxious to capitalize on the roughly $729 billion spent in 2019 from Thanksgiving to Cyber Monday, wholesalers have wiped their previous Black Friday strategies clean and prepared all new safe shopping experiences for you! So update your Wi-Fi and grab your laptop because retailers, the CDC, and your loved ones are all encouraging you shop your deals online this November. Online deals include: Amazon’s Holiday Dash sales are live now through November 19 when their Black Friday deals will take over. Best Buy deals are in full swing offering discounts on TVs, laptops, Apple products, major appliances, and more. Shoppers who sign up for the retailer’s free My Best Buy loyalty program will get early access to thousands of additional early Black Friday deals November 16 and 17. Walmart is hosting a whopping three early sale events before Black Friday. The first kicked off November 4 on Walmart.com, with additional deals added November 7 online and in stores. The second sale begins online November 11 at 7 p.m. EST, with more deals available online and in stores on November 14. The final event begins online November 25 before proceeding with additional deals online and in store November 27. Target is adding deals each week and has extended the 14-day Price Match Guarantee so if you purchase something that drops in price, you can request a price adjustment through December 24. Lowes is rolling out one-day, online-only sales, dubbed “Cyber Steals,” each day from now through December 2. Home Depot is running Black Friday deals through December 2. Macy’s will offer their deals beginning November 16 through the 28. Costco launched its Holiday Savings event on November 5, featuring early Black Friday-level pricing for members both in-store and online. Nordstrom is waiting to announce their deals till actual Black Friday (27th). But what about all those loyal in-store shoppers who need to see and feel an item before they buy? You are not left in the dust! In addition to the COVID safety measures we already see in brick-and-mortar stores such as plexiglass barriers and hand sanitizing stations, local businesses are offering appointments to limit the amount of physical shoppers, emphasizing curbside pickup and delivery, and some are even setting up a virtual queuing system so you can pick out your favorite items before you hit the stores. Speaking of shopping locally, smaller businesses don’t enjoy the same resources as major brands so be conscious of where you spend your money during these trying times. If you somehow manage to get off the couch after Thanksgiving dinner and venture off to the to the mall for early shopping, wear your stretchy pants this year because you’ll have more time for dessert! To keep you safe, many stores will not open on Thanksgiving Day including Best Buy, Target, and Walmart so make sure you check store hours online. Flatscreens, robot vacuums, gaming consoles, new appliances, kitchenware, tools, smart devices, trendy toys…. all of your most wanted holiday gifts are still within reach. As long as you keep up with your favorite stores and allow for plenty of shipping time, you’ll score some huge Black Friday deals this year! So spoil yourself, spoil your family, and spoil your coworkers because everyone has earned a little extra holiday cheer. Well, what are you waiting for? Start shopping now!

Monday, November 2, 2020

Voting for the First Time

Hi! Hello! Hey there! My name is Sarah Clemmons, I am a senior business student at the University of Texas. I love to dance, am an aspiring MasterChef, and have been writing blogs for the Gene Arant Real Estate Team since my promotion from Intern to Social Media Manager in August. Why does this matter to you? Well there is also something else very special about me (if I do say so myself)… Five days ago, I stepped up to the ballot for the very first time in my life to cast my vote for our nation’s 46th President. Feeling the pressure from those exceedingly passionate supporters – you know, the ones who call and text and call and text and call again till you put them out of their misery and tell them who you’re voting for – I finally ventured off to Gregory Gym, mask on and ID in hand, to fulfill my civic duty. Rooted in my inquisitive student nature, I felt it immature to cast a vote naïve of the candidate’s policy reform plans, so I took to Google and decided to kill two birds with one stone by writing this summary overview as a blog post! Wait a minute don’t scroll away just yet, I know it’s almost impossible, but I promise to keep personal biases out of the next 820 words. Now as much as I may love to think you came to this page eager to get your eyes on my latest streak of editorial genius, I know most of you are here for the exceptional real estate services provided by the Gene Arant Team, so I’ll get straight to the point: Let’s talk federal housing plans… Historically, presidential elections have slowed down home sales as buyers and sellers react to uncertainty over the course of the year. Many research studies have concluded that new home sale activity has declined roughly fifteen percent from October to November in election years, in comparison to only eight percent in the years following an election. It is no surprise that homeowners would rather wait to see how mortgage rates, tax breaks, and the value of their investment evolve with changes in policy. Come November 3rd, Americans have a lot to think about as both candidates have deeply diverging housing views. A hot topic for debate has been the Affirmatively Furthering Fair Housing Act, an Obama administration policy aimed at ending housing discrimination and diversifying urban residences that was repealed during Trump’s presidency. Under this law, communities receiving federal housing funds were required to assess patterns of housing discrimination and segregation. They were then required to implement plans to eliminate it, such as constructing more low-income housing. While Biden intends to reinstate this administration, President Trump’s approach has rather been to steer pressure away from wealthier communities by incentivizing affordable housing development in distressed communities he termed “opportunity zones.” The pandemic left nearly 1 in 3 renters facing a looming possibility of homelessness this year. In response, Trump released an eviction moratorium that made it nearly impossible for landlords to evict tenants. At the end of this year, residents protected by this act will have six months to pay back at least half of the past-due rent and another six months to fulfill the remaining unpaid rent accrued during 2020. While more can be said debating whether that mandate was helpful or hurtful, that is not my task today, so I encourage you to conduct your own research into the matter. Biden has taken another approach to the issue. He has proposed an influx of funding into Section 8 vouchers which provide subsidies to low income renters along with a tax credit designed so they pay only up to 30% of their income on housing and utilities. I have realized how the difficulty of keeping opinions out of this blog grows more challenging with each paragraph but there are still a few things left worth noting while I have your attention: Trump… unveiled his desire to privatize Fannie Mae and Freddie Mac – institutions that provide liquidity (ready access to funds on reasonable terms) to the thousands of banks and mortgage companies that make loans to finance housing – as one of his “top-10 list of things to get done” upon reelection. capped property, income, and sales tax deductions at $10,000. lowered the mortgage interest deduction from $1 million to $750,000. Biden… wants to provide first-time home buyers with a down payment tax credit of up to $15,000. Teachers, first responders, and other public and national service workers would also be eligible for down payment assistance and lower home prices. However, they would need to buy and move into homes in either struggling, lower-income neighborhoods, or pricier communities that don't offer other reasonably priced housing options. will offer incentives to developers to retrofit homes to become more energy-efficient and create their own clean power in an attempt to cut the carbon footprint of our country’s buildings in half by 2035. My purpose today was not to persuade you towards a candidate, but simply to give you a few topics to look into. I implore you to explore each candidate further as I am certainly not a political expert and there is so much more I have not covered above. I am merely a first-time voter, excited to share what I learned from my first presidential election. There is so much to consider when casting your vote. I admit the responsibility felt daunting throughout my research process, but it is so important to be an informed voter. This year, our votes count more than ever. This is one of the most critical elections in history. When I stepped up to the ballot on October 26th of 2020, amidst an unprecedented social climate anxiously influenced by the pandemic, I was proud to represent our nation’s youth, grateful to honor the tireless fight for my suffrage, and confident that my vote made a difference. Red or blue, right or left, elephant or donkey, on November 3rd… SHOW UP and CAST YOUR VOTE.

Thursday, October 22, 2020

11 Reasons to Sell During the Holidays

Jack-o-lanterns, stuffed turkeys, Fraser Fir trees…the holiday season is in full swing! For the next several months you’ll be busy decorating your home, serving up traditional recipes, and Zooming family; but one thing that may not be on your mind is selling your house! Read on for eleven reasons (compiled by Keller Williams Realty) you NEED to clear some time to call a realtor this season: 11. By selling now, you may have an opportunity to be a noncontingent buyer during the spring, when many more houses are on the market for less money! This will allow you to sell high and buy low! 10. You can sell now for more money and we will provide for a delayed closing or extended occupancy until early next year! 9. Even though your house will be on the market, you still have the option to restrict showings during the six or seven days around the holidays! 8. January is traditionally the month for employees to begin new jobs. Since transferees can’t wait until spring to buy, you need to be on the market during the holidays to capture that market! 7. Some people must buy before the end of the year for tax reasons! 6. Buyers have more time to look for a home during the holidays than they do during a working week! 5. Buyers are more emotional during the holidays, so they are more likely to pay your price! 4. Houses show better when decorated for the holidays! 3. Since the supply of listings will dramatically increase in January, there will be less demand for your particular home! Less demand means less money for you! 2. Serious buyers have fewer houses to choose from during the holidays and less competition means more money for you! And the number one reason why your seller should list during the holidays … 1. People who look for homes during the holidays are more serious buyers! With the right décor and a highly motivated buyer, Christmas could come early this year! Let’s us help you wrap up a difficult year with a smooth selling process. Call (512)260-1000 or visit austintexasrealestate.com today!

Wednesday, October 7, 2020

The Impact of 5 Million Square Feet

How big is 5 million square feet? The United States White House is only 54,900 ft2. Nasa’s headquarters facility is only 200,000 ft2. Amazon’s largest warehouse in the US is only 1 million ft2. The Dallas Cowboys Stadium is only 3 million ft2. So how big can 5 million square feet possibly be? Well, we’re about to find out as Tesla moves to Austin! In July of this year, Austin prevailed the winner of Elon Musk’s highly sought-after bid for a new Tesla Gigafactory, beating out other finalist Tulsa, Oklahoma. The development of the 2,100 acres purchased in southeast Austin will not only manufacture Musk’s new Cybertruck but also boast the Del Valle community with much needed infrastructure and financial support. A City of Austin consultant analyzed nearly 1 in 5 of the Austin workforce lost their jobs due to the COVID-19 pandemic, a statement reflective of the inflated unemployment rate. In September of 2019, the U.S. Bureau of Labor Statistics reported an unemployment rate of only 2.6 percent. Following the pandemic, that percentage reached a peak of 12.2 in April 2020 and has since fallen to 6.7 in July 2020 (3.8 percentage points higher than the year prior). The unemployed workforce is a truly ominous number with several zeros… :( Have no fear, Tesla is here! With ground already broken, Tesla plans to hire up to 5,000 workers. While a project like this does not promise to fix Austin’s unemployment deficit, it is guaranteed to impact the lives of thousands in Del Valle – a region long neglected, and in much need of some TLC. The tech-savvy manufacturer has agreed to pay a minimum of $15 per hour, offering an entry-level salary of $35,000, although Musk has projected average annual pay will total around $47,000. In addition, under Travis County’s taxpayer-funded incentive agreement with Tesla, at least half of employees at the factory are required to be county residents. Families and residents of the district are thrilled to see the influx of Musk’s billion-dollar investment ripple through local hands and start to shape the community. In the next few years, we should start seeing the development of libraries, school programs, community centers, public parks, and more. Even the grocery supplier H-E-B has started poking government to break ground in the region and bring fresher, healthier products into local diets, without the 30-60 minute commute attached to an H-E-B run currently. Speaking of traffic, Texas 130, the highway nearest the Tesla site, is already is being widened from a four-lane toll road to six lanes which will increase the freeway’s capacity by nearly 27,000 cars per day, according to the Texas Department of Transportation. To keep up with this accelerated development, Metrostudy (analysts who track the Central Texas Housing Market) reported builders have started work on 368 new homes in Del Valle, in the second quarter of this year alone. That’s up 84% over the second quarter of 2019. So have you grasped yet the immensity of the 5 million square feet under construction just a few minutes from the airport? It’s not just in size…It’s in value. It’s in impact. It’s in the potential this one factory has to change the lives of thousands of our Austinite neighbors. Tesla is not only manufacturing innovative electric cars. Tesla is offering a living to hundreds of people who didn’t have the opportunity to obtain college degrees. Tesla is encouraging other high-profile corporate giants to base new developments in the Austin market; and inevitably, Tesla is providing a channel to progress southeast Austin into a thriving economic sector. This is only the beginning!