I'm a lender who participates in the city of Austin Downpayment assistance program. I'm wondering about you and a shared equity program where the city will put up to $40,000 into your home with you (bringing your loan down to affordable range) and they "co own" with you. Call me 512-431-5223 and let's find out if you qualify.
I am a Real Estate Broker in San Diego and I have a wonderful agent in the Austin area if you need additional information. I refer him as much as I possibly can because he is excellent at working with buyers in the Austin area and I trust the service that he provides. You can search homes for sale in Austin on his website if you just want to start with information. Here is his information and his website...feel free to let him know that he was recommended by Victoria Crown from San Diego.
Cain and Company
(512) 794-6601 Office
(512) 589-6975 Mobile
Good luck! Victoria Crown
One more thing The Gaberdine is a new development in far south that is all free-standing condos. So they look like houses, but are actually condos. It is about two miles south of Slaughter Lane and just north of 1626 in between Brodie Lane and Manchaca. The prices start at about $150K. They have a lovely home owners park and they take care of all exterior maintenance and landscaping. They are being developed by the same company that is building The Austonian luxury condos downtown.
Right now there are 13 properties for sale in central/south Austin priced between $80K-$116K. There are 11 condos and two houses with at least two bedrooms and one bathroom. The average property has 908 square feet, and was built in 1982. Typically these properties are on the market for 100 days and list prices average $119.75 per square foot. These homes are all in the following zip codes: 78745, 78748, 78705, 78736. If you wish to have more details on the available properties just let me know, I would be happy to email it to you. Thank you for the opportunity to assist you. I wish you the very best in your home search!
Betina Foreman -Realtor
If you are open to a suggestion on the east side of Austin. The 969 neighborhood has soome cool homes in the $110's that are foreclosures in the Sendero Hills Section. I just sold one to my brother in law.
The median home price in the zip codes you listed is much higher than $110K, so you and your Realtor will need to be dillegant and patient. Your best bet will be a foreclosure or short sale, and fair warning short sales are anything but short. I think Battle Bend, Turtle Creek, Maple Run or Cherry Creek seem like possible neighborhoods. give me a call if I may be of further assistance.
The previous answers all hit the "real story" on the head. You really need to interview a few realtors and find one that can work with and for you. If a home in this area comes available, in our office it most likely would be snapped up before it ever hits the "market." Without someone on the inside working for you your chances are slim to none.
Do you know that having an agent represent you costs you nothing? The commissions for the transaction are negotiated up front with the listing agent who works exclusively for and in the intrest of the seller. As agents we then have an agreement to share the commissions negotiated up front. So, the seller pays for the services of both agents but you get to have an agent represent you too.
You commented: Someone please help!! This is how I can help you the most. Find an agent. I am certainly up for having you interview me to see if you think I am the right fit for you.
Bill Austin ~ 512-709-6343 ~ firstname.lastname@example.org
Guy E. Gimenez ABR, CRS, GRI
Broker / Investor
The PowerHouse Group
Congratulations on stepping into homeownership. With record low interest rates and the first time homebuyer tax credit, everyone wishes they were a first time homebuyer. With regard to your questions, homes in your price range will mostly likely be very distressed sales and needing a lot of work.
Have you considered a condo? It is a great entry point into the Austin Real Estate market. Please feel free to contact me if you would like to discuss the pros/cons of condo ownership.
I did a search on 78748, 78749 and 78739 and the lowest priced home currently in the Austin area MLS is $135,000. I also searched South, Southwest and Central Austin and found one home under $120,000 in 78745.
I would love to help you find a home! Please give me a call or send me an email and we can get started.
I'm here to help!
Chris Meengs, Realtor
Coldwell Banker United