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Austin Addition : Real Estate Advice

  • All18
  • Local Info0
  • Home Buying9
  • Home Selling0
  • Market Conditions1

Activity 16
Wed Apr 13, 2016
Greg Hodge answered:
This is one the hardest groups to get consistent help. DM me for direct contacts for yard and minor repairs. I like K&M for carpets!
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Fri Mar 1, 2013
Laura Rosales answered:
Hi Lena,
Not recently in Georgetown. It has only happened to me once recently on a North Austin Property. As long as the Realtor does a market analysis and is able to locate comps in the area (which is exactly what the appraiser does), you are okay. It tends to happen more with rural properties in Georgetown and I am hearing some lender friends say it is happening more on refinances right now. We are in a Sellers market though so if the inventory remains tight we may see it more in late Spring and Summer. The supply and demand factor will definantly cause it. Best Regards, Laura Rosales - Realtor with Premiere Team Real Estate 512-771-5334 ... more
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Thu Jan 10, 2013
Carla Pennington answered:
You can search or for foreclosed properties in the Round Rock area, see who the listing agent is and contact them. You could also talk to local real estate offices about vacant houses. Be sure to bring references and prices! ... more
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Fri Sep 14, 2012
Duane asked:
Hello everyone. Im looking for buyers/rehabbers to sell properties over to. I wholesale in Georgetown, Round Rock and Austin Tx. If you are interested in being part of my buyers list, please…
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Mon May 28, 2012
Guy Gimenez answered:
You will want to provide the former tenant with invoices for the repairs assuming you are retaining some of the former tenant's security deposit for said repairs. You should only charge the amount that is invoiced by your repair person(s).

If you're planning to being a landlord, you better bone up on the Texas Property Code (that relates to landlord tenants) because many tenants will surely know it better than you will and will take every opportunity to prove it in small claims court.
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Tue Aug 2, 2011
Sonny answered:
Please send me an Executive Summary/ Prospectus. Thank you.

Sonny Seale
2100 N FM Rd 113
Weatherford, TX 76088

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Fri Jun 24, 2011
Teresa Scott-Tibbs answered:
Good afternoon Shay! It's great to hear that you are looking to pass on some referrals under $150k. I am very capable of handling leads from your clients looking in this price range. I focus my business in the Central Texas area. I am also active with the Austin Board of Realtors and currently serve on the Government Affairs Committee and Grievance Committee. If you would like to meet, please give me a call at (512) 431-2442 or via email to discuss. I would be more than willing to discuss the referral fee, however, I'm not interested in changing brokerages. ... more
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Mon Jun 6, 2011
Daniel Goldin answered:
So Lisa Goldin is the best Realtor i know in Austin. Check out the web site.
0 votes 11 answers Share Flag
Mon Jan 31, 2011
Tara L. Dieringer answered:
Builders are a different breed when it comes to home purchases. You may have a chance of extending the closing because of the current market.

I worked for a local homebuilder in Austin for 6 years before I left home sales and entered the mortgage industry. Builders, generally, do not allow you to extend the closing unless you have agreed to that stipulation in the original sales contract. The chances of them letting you extend a closing 4-5 months is slim to none; however, there are a few things you can do to increase your chances of winning this argument.

#1 - If you close on your new home in April, then your first mortgage payment shouldn't be due until June 1st. (Ask your loan officer to be sure that this is the case...don't just take my word for it, because I have not seen your sales contract or your good faith estimate from your lender). Now, instead of asking the builder to extend the closing 4-5 months, you are only asking them to extend it for 2-3 months!

#2 - If you offer to pay the interest accrued on the builder's lien on the home, they will be more likely to work with you on extending the closing date. As long as the builder does not have to pay out of their pocket for your request, they will probably be more williing to work with you.

Special note: Depending on the type of loan that you are approved for, you may HAVE to occupy the property within 30 or 60 days of the closing date. Again, check with your loan officer regarding the lending guideline that applies to your type of loan.

Feel free to contact me with any questions. Best of luck to you!
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Wed Jan 19, 2011
Kevin answered:
The problem your are going to run into will be securing a loan if your are not a resident living in the United States on an investment property. Currently I do not know of any lenders will to write a loan for persons living in another country. I know this, because I tried to locate a lender for a client in the UK looking to invest in condo's in the downtown a few months back.
If you are buying it a s second home where you will be living in it part of the year you have a better chance. or If you have a business relationship/partnership agreement with someone in the US who can qualify for the loan you have another option.
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Wed Nov 10, 2010
Randy Stevens answered:
Hi Seannon!

Like Stephanie said, TREC frowns on this issue and sees it as a commission paid to an unlicensed person. But, are YOU an agent. I remember speaking with you at BOBBE and from what I recall, you used to be (or maybe currently are) a real estate investor and didn't have a license. I could be wrong, but thats what I remember. Anyhow, if you are not an agent, then you are not bound by this restriction. Of course, don't take my advice because I don't know what I'm talking about. Its best to consult a real estate attorney.

Good luck and happy investing!!

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Fri Nov 5, 2010
Hardmoneyman answered:
I have a great hard money lender I use http:www// you can apply right online or call them at 5165268445
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Sun Nov 22, 2009
Mack McCoy answered:
Typically, sellers do not disclose problems they believe to have been solved - the water heater busted, we had a new one installed.

Is the difference in insurance premiums the issue here? How much are we talking about, then? What if the Seller were to give you say, the difference between an "A" policy and whatever you're stuck with now, for say, five years. Would that make you happy?

If you're trying to use this as an out, and the contract doesn't specify Obtaining Insurance At A Satisfactory Premium as a contingency, then - yeah, you probably need to see an attorney.

If you were trying to get your inspection and loan costs reimbursed, you might have to demonstrate how you wouldn't have proceeded if the Seller had disclosed that the water heater broke - especially if they had had it replaced.
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Fri Oct 2, 2009
Greg Hodge answered:
Hi Sam,

This is a great question! No property is handled quite the same way either. Ever bank transaction is different even within the same bank. I found that establishing good communication with a bank contact early on is the key to moving forward. It is true banks also have a bottom line. What is funny is that they don't want anyone to know what this is, so they keep everyone guessing. This process creates delays and really is a broken process. "Short Sales" are the main issue with negotiations and most foreclosures have the bid process to work through.

Congress is suppose to be streamlining the process, which in and of itself seems like an oxymoron. It is no sweet sorrow that our banking system is a serious joke. If congress ever comes out of the cold fire and deafening silence to resolve this situation, I will personally treat you to a plate of jumbo shrimp!

Happy buying and remember to laugh to keep from crying!

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Tue Aug 11, 2009
Stephen McClain answered:
Hi Brennon,

Good day to you sir. Austin does have a a great feel and offers a great quality of life. Given a central location in the state gives you reasonable access/commute to other major cities, recreation, and retail services. Many of those attributes are available in the Austin area.

Your 150k price point is certainly doable but will absolutely dictate the location factor. Your commute request to the airport will do so as well. As your real estate professional I would suggest south/sout east where there are several solutions/alternatives. The Lake Travis area is very nice but impossible at 150k and new plus you are farther from the airport (45-1 hr.) depending on traffic. I would love to speak with you more about my thoughts and suggestions. Feel free to contact me. We are a company that focuses on clients seeking NEW homes. We are the New Home experts.

Stephen B. McClain, Broker/Owner
Cornerstone New Home Solutions

Certified Instructor/ Texas Real Estate Commission
Champions School of Real Estate
512 876-3116
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Wed Jul 22, 2009
Emily Erekuff answered:
Hi Tim,

By the looks of your profile information on this question and your main profile page, your edit has been successful.

However, in case others have this same question, here's an answer. To edit your professional or buyer/seller status on your profile, please do the following:

* Access to navigate to the My Profile section of your account.
* Select the option to [+] Edit personal info.
* Select your correct status from the "I'm a" dropdown menu and be sure to save your changes when you're done.

Please let us know if you have any other questions or feedback for us.

Best Wishes,

Emily Gibson
Community Moderator
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