One general question for all of you, since I'm not very familiar with system, should I choose "my agent" for now and stay him/her at this time, or it's still preliminary phase that I can still contact wide range of agencies to collect more information? Sorry for lacking of knowledge in this area and it's learning experience for me.
There is a campus shuttle that your son can take to school that travels all over the campus area. Many UT condos are within walking distance and the shuttle is not needed. THere are also many students who live in the NW part of Austin. I am taking a couple to buy a 2/2 UT condo on Saturday and i csn dhare with you what I see. If you have not already selected an agent I would be delighted to help you.
It would be worthwhile to know that there is a Fannie Mae program out there for parents who wish to purchase a home for their son while attending college can do so and can finance it as an owner occupied property and not an investment property. That means a lower rate and lesser down payment of 10% versus 20% on an investment loan. It works well for students who will be living on their own while at college and having an extra bedroom to stay at when you want to visit.
If you would like to know more and explore that option please let me know I would be glad to share some specifics.
Cobalt Mortgage Austin Lakeway Branch
I would be happy to help. I think you will be surprised at the options that are available to you. In addition to the neighborhoods you mentioned, I would also consider 78704(just South of the river)
Please feel free to contact me anytime without obligation.
I would love to assist you with your search. I do know of a few condos that might be a great fit for you. If you wanted to email me your contact info at email@example.com , I ll be happy to reach out to you or you can simply call me at 860-965-2952.
Urvi Austin Team
Keller Williams Realty
I look forward to assisting y'all!
Better Homes and Gardens Real Estate
512-698-4800 cell phone
I had several client in past two weeks with the same needs. My daughter is going to Ut as well. First I have to congratulate you and your son to be accepted at Ut, everybody knows that Ut has a real high standard and the students must be genius to get in there.
This is a grate idea, buying property in Austin. This way you don't have to pay a out of state student tax and you will save a large amount of money. I recommend to buy real close to Ut, so he can walk or use bike. This way he's not going to waist lots of time waiting for bus or bus stoping at different station. The area you should concentrate actually named UT Area. I recommend to buy just in UT area if you want your property always appreciate and always have a tenant. Your price range is reasonable.
Please contact me with any other question you might have. I'm looking forward hearing from you soon and helping you.
Have a blessed day.
I have a link below that you can click on that will show some of the condos for sale in in your price range and 2BR... there are a few more near campus that are one bedroom. I would love to show you other searches and work with you on finding the perfect place for your son.
Call me@ 512-779-6874
I am a Keller Williams Real Estate agent in the area... at the Northwest Market Center
I'd love to help you out. I am very familiar with that area of Austin. Feel free to call me at 512-850-6988 or email me at firstname.lastname@example.org.
I can also connect you with lenders if needed and we can always look at other modes of transportation as well such as biking and public transit routes close to the condo. Austin is a big biking town so there are lots of bike lanes everywhere.
It's a marvelous investment opportunity.
Barbara Heath Coker
Licensed Mortgage Loan Officer
100% Home Loans ALL Over Texas