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Dephanie Cates's Advice

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Dephanie Cates wrote:

buying in Austin, Tx but living in another state for a while

Answer
It is important to establish a relationship with an Austin Realtor who will walk you through the home-buying process, step-by-step, so you can understand not only your responsibilities in the transaction, but what your lender will take care of, and what the title company's role is.  All of your questions, including the property tax question, will be addressed. In the interim before you move to Austin, it will be beneficial for you to receive MLS listings based on the criteria you provide.  One of the first steps is for you to consult with a lender who will be able to tell you what price range you qualify for.  As soon as that is established, you may begin your Austin homesearch in earnest. Good luck!
May 06 2012
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FHA or HUD New Construction Requirements

Response
I would recommend that first you speak with a mortgage lender who will be able to forward the FHA and HUD building guidelines to you.  I recommend John Schutze in Austin, TX [edited content for contact information, please refer to good neighbor policy]Good luck!
February 18 2012
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What is the basis for your Zestimates in Austin, TX? Do you differentiate between condos and houses?

Answer
Austin and Central Texas ended 2011 with 7 continuous months of housing  demand, which translates to an uptick in the market -- more closings. This fact presents an optimistic outlook for 2012. Number of active listings determines whether we are in a buyer's market or a seller's market. I make sure my clients consider resalability of any home they are interested in.  Are the schools ranked? Are there similar families in the neighborhood? Will the next owner of their new home value the subdivision amenities? How convenient is the area to employers?  These are all important considerations for buyers. When we have more than a six month supply of homes, we are in a buyer's market. When we have less than a six month supply of homes, we are in a seller's market.
January 26 2012
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When is the right time to lower the price of your home?

Response
Sooner, rather than later, if conditions warrant!  Let's say, you are having showings but no offers.  Your Realtor might examine all the marketing strategies in place:  do the photos accurately depict the desirability and are there enough photos to cover the exterior features and interior features that a buyer is looking for in the neighborhood?  Do the photo descriptors help create a vision for a buyer that is appealing? Have the Realtor remarks been refreshed to reflect a renewed interest in the property?  In this current market, CMAs are necessary about once a month, not only to educate the seller but to ensure pricing is accurate and competitive in today's market.
December 07 2011
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