This is a great question. You are not alone. I am working with a client in a similar situation right now. When talking to your mortgage broker or lender, have the conversation about what you can afford before your house sells and then after. Be open and honest with your agent about your needs.... more
Yes, you can transfer all or a portion of interest you own to another party. Just be aware that the owner may still end up in foreclosure if the other party does not pay the note as they promise. Happens far too often, so make sure you take precautions when considering this. This is perfectly legal and is done all the time.
Once the deed is executed, then delivered and accepted by the Grantee, there is no "out clause" that would allow the owner to change their mind unless they can prove fraud of some sort.
If the deed was never filed, the Grantee would have to prove they "own" the property since notice to the world was not given by filing the document.
No offense, but something smells a little fishy here. Feel free to give me a call if you have any questions. I purchase homes all the time subject to the existing mortgage so I might be able to help a bit.... more
A good rule of thumb for the price change of residential properties in Austin is about 2%-3%/year. At a current value of $160,000, you can do the math. Maybe ask the foundation company to purchase the warranty for an arbitrary fraction of the projected price increase over the time period in which you intend to hold on to the property.
Example: at 2.5% price appreciation/year, you can expect your duplex to appreciate by about $21,000 in 5 years. Factor in 7% frictional costs in sales and that leaves you with an additional $19,500 in your pocket (not counting taxes). If the duplex needs a new foundation at that time, you can expect to deduct the sales price by an equivalent amount of the repair.
What is that risk worth to you? Put a value on it and ask the foundation company to pay you for it. Of course, if the foundation company is not in business in 5 years, all this is moot anyway. I don't need names, but who did you hire? The cheapest guy or a company with a track record of excellence and sustainability? I learned years ago that you get what you pay for.
Good luck, ma'am.
Agents For Change Real Estate... more
No Showings! That is something Realtors are not hearing much these days.
There could be many factors and I would first recommend that you ask your Realtor this questions.
Then consider a few things I would look at as an experienced listing agent:
How is it priced compared to other properties in the area? How are the photos that are on-line?
Photo's are HUGE when selling - make sure your photos show the house and not religious symbols, toilet seats, Brightly colored rooms (if your walls are not off white then get out the paint!), closed blinds, cluttered rooms and massive furniture.
Has your Realtor filled in all of the information on MLS and provided easy showing instructions?
Do you have an electronic lockbox on the door? Combo lock boxes and codes needed are road blocks. Is your home easy to show? If not then make it easy. Is your agent accessible for questions from other Realtors? This can be huge if you have showing instructions that say "Call First".
Have you had any open houses? Has your agent done a virtual tour - this can push you ahead of other listings on a lot of web sites. Okay - this should be enough for you to talk to your agent about. Be kind to your agent though!! We work hard and want you to meet your goals but sometimes questions can bring about great ideas to achieve them!! Wishing you a quick sale!! Laura Rosales, Realtor with Premiere Team Real Estate in Austin... more
If you can make that space flexible enough by providing a large opening you can close off with french doors or pocket doors, instead of removing the whole wall, you can have the flexibility of larger living space that can double as office or 3rd bedroom. Gives you the best of both worlds. Especially attractive to 78704 buyers.
Here's what's for sale in 78704 right now:
Have a look to see what others are offering. Contact me if you want some more input.... more
They should be as pretty as I am, have plenty, plenty energy, keep positive at all times, deal with integrity and demand that of all you work with including buyers and sellers, have a strong sense of marketing and know the market areas cold as well as the constituency, stick tour guns with conviction and through it all make it fun for everyone around you.... more
If a home seller is going to invest in upgrading their kitchen appliances, then the question should be ... Should I replace all of the appliances?
When a home shows with only a few appliances updated, then there are questions from buyers and the home doesn't present a unified approach. The seller's budget determines what should/could be updated and sometimes it's not wise to invest in only a few appliances if the home has other repairs or issues that buyers will find objectionable.
Then there is the question of what type of appliances should a seller update to? Not every home is suited for any one type of appliance, so knowing the style of the home, other improvements, what the target buyer is going to desire, and how much can a seller spend will determine the brand, color, and style of the new appliances.
My sellers have come to enjoy the benefit of my Market-Ready Ontologist, which is a service I provide for every seller. He reviews every home to determine what is needed for every home based upon the home and the target buyer. He then works with them to assist them in effectively preparing the home for market. A wise home seller should look at every aspect, not simply appliances.... more
As a condo specialist, in Portland, OR., I am not the guy that you will be selecting to sell your condo so my comments are pretty unbiased! There are many things to look at but the first word of advice would be to work with a condominium specialist. A person who deals primarily with condos and lofts simply knows and understands this market better than most agents. On the buying side, this agent probably understands what makes a condo a good value or not...he or she is in that market everyday! They are not 5 miles north of town 1 day then 2 miles south looking at homes the next day.
On the sell side, it is even more important to work with a specialist. Now don't get me wrong here, ANY agent can sell your condo, but at what price? A condo specialist has marketing that targets condo buyers everyday. A typical real estate agent cannot flip on a switch and overnight become an expert at marketing to condo buyers. It just doesn't work this way! A good condo specialist will have a very strong internet presence... becuase this is where condo buyers are looking. Remember, there are no yard signs with condos and lofts.
If I were you I would do a little online research. I would not be swayed by someone saying their company is #1 in Austin. How is that company in the condo market? I am not in your area but I do know of 2 firms that have some very good condo people. One is a small boutique firm, Platinum, and the other is Realty Austin I believe. Both have condo specialist that worked at 360 condominiums and are very good at what they do.
I would then do what I often tell sellers to do: Get online and search like a buyer. What you will find by doing this are the agents that are good at internet marketing! I have been in this business for awhile now and the one thing I can tell you is that EVERY AGENT will tell you they will market your home on the internet. Search the internet for your building and other common condo searches to see what agent shows up often. This is internet marketing. Too many agents feel that putting your listing on Trulia, Zillow and Craigslist is internet market. There is way more to it than that.
As for whether it is a good time to be selling your 1 Bedroom and moving into a two bedroom? I can't answer that from Portland :) Have your condo specialist check into this for you. How are inventory levels etc. One thing I can tell you is that as an "outsider" I often hear that Austin is the place to live and has a strong job market. If they are not building any new high rise buildings, like most cities right now, and jobs continue to come into your area, buying a 2 bedroom unit might not be a bad investment!... more
I'll take a shot at this one. First let me say, you are asking a "specific" question and all I can give is a "general" answer. 1) What will you do for a home in houston? Can you own 2 homes? 2) Consider the tax liabilities. 3) How will the rental be mnaged? 4) After costs what will the net gain (cash after taxes and expenses) of the rental be, if any? 5) What "appreciation" should you anticipate over the next 1-2 years? That's off the top of my head.
Today the market is strong but trending slower than our peak of this year. There are many factors to consider in making the right decission. My suggestion, have an interview/discussion with 2-4 Realtors to gain different prospectives. I suggest you make Guy Gimenez one of them for sure. I know him, he is an investor, landlord and an outstanding Realtor. Of course, I'd be honored to meet with you too.
Bill Austin... more
I did NOT mean for you to switch your license to KW. I was saying you should go and ask some of their new agents to hold the houses open for you. They have about 100-200 new agents at the southwest market center at any given time. So you probably could go to the weekly meeting on Tuesday morning and meet some new agents that would be interested in holding your listings open. I wish you luck with the open houses!
Get rid of clutter, Turn on all the lights, and take the best photos you can. Also, not a bad idea to take a quick video and upload to Youtube. That really helps when you have people who don't even live here! Also, talk to the apartment complex, they may be more pliable than you think. Rental Market is hot right now!
Also, post on Trulia. Create a profile and then upload your property. Anyone can use Trulia to market a property. Facebook marketplace too!
Real Estate NERD
Home Warranty of America also covers homes in the Austin area and they provide a 13 month warranty. You can search online as I know there are about a dozen serving Texas. Good luck!
Betina Foreman-Realtor, C.N.E.... more
Every area is different regarding home staging, as it hasn't rapidly caught on in some areas and some real estate agents do not see the value.
For over 12 years now I include home staging by my Market-Ready Stylist, who also works with the home seller to ensure the property is repaired, updated, and staged before the first photos are taken.
The saying, "you only get one first impression" is true, so make it count, especially when selling real estate. That is why successful home staging is important, but beware of the qualifications and style of the stager you hire - there are some great ones and a lot of bad ones. Find one that will get acquainted with your home, that knows how to work with you (not just make recommendations and leave) to effectively prepare your home, and one that is a member of RESA (a dedicated group of professional home stagers) http://www.realestatestagingassociation.com/
I provide this service for free to my clients. I know of Realtors that are also Stagers, but I would beware of anyone doing both, as then their time commitment to selling your home is limited or their staging may be limited. Remember, you do not have to rent new furniture to stage your home, a great stager knows how to use what you have to make your home apealling.
I hope this helps.
Shannon T. Schmitz,
Representing Distinctive Properties throughout the Texas Hill Country... more
Along with price marketing is extremely important. If people don't know about the home then it would explain no showings. Ask your agent what they are doing beyond the local MLS. Do searches on various influential real estate sites to see how your home comes up and looks. Another factor may be the lack of buyers in the area at the moment.
Licensed Associate Broker
Accredited Buyer Representative... more
Here are the two energy auditors I use most often. Give them a call.
ECO Inspections Roland Huettel email@example.com (512) 784-3429
Energy Audit MastersJames Davis ContactUs@EnergyAuditMasters.com (512) 589-3038... more
The site is only as good as the agents that provide content. You can always "claim" your home and upload the correct photo of your home on the Trulia website. Or you can have your Realtor do this for you if your selling your home.
The site has been around for a few years and it is getting better. However if you seriously want to market your home hiring a Realtor to help you will be the most beneficial move. A Realtor can add your home listing to multiple sites and most importantly add it to the MLS-Multiple Listing Service. This will allow even more potential buyers to see your home.
I wish you the best and please let me know if I may be of further assistance.
Betina Foreman-Realtor, C.N.E.
Austin Home Girls Realty... more
It is an FHA REQUIREMENT.
KITCHEN APPLIANCES (functional)
• Range/oven is required (only IF a built-in unit)
• (Free standing/Slide-in units NOT Required)
• Dishwasher is required (only IF a built-in unit)
Hope this clarifies your question.... more
The rental market is red hot in Austin because fewer potential buyers are qualifying due to banks tighter lending requirements. My last leasehouse in Tarrytown had an application submitted before we even hit the MLS. In two weeks I had about 30 phone calls on it. If you give me more specifics on your home I can give you a comparative market analysis to determine potential rent for your home.