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Lakeway : Real Estate Advice

  • All29
  • Local Info0
  • Home Buying9
  • Home Selling1
  • Market Conditions3

Activity 20
Thu Jun 23, 2016
Mickey Goldwater asked:
Mon Jan 25, 2016
UpNest Top Realtors answered:
Hi Kathy,

The only way to get your FSBO home listed on Trulia is to have it listed on the MLS. Only agents have access, but you could also pay for what's called a flat fee listing service if you want to sell by owner (generally not a good idea).

We created UpNest (http://www.upnest.com) to help home sellers get the best value possible. All you have to do is submit a few details about your home, and we'll invite several top local agents to submit proposals to you.

Since agents are competing to earn your listing, they bring out their best commission rates and value added services, saving you a lot of money. There's no risk to try us at all, and it's completely free for you.

http://www.upnest.com

Good luck!
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0 votes 1 answer Share Flag
Wed Apr 15, 2015
Phillip Madison answered:
Trula only lists homes listed through an agent.
0 votes 3 answers Share Flag
Thu Mar 27, 2014
Chandra R Patterson, ABR, SRS answered:
Hi julie01,
You can contact your insurance agent who would be able to get the answer for you. Additionally, you can pull a C.L.U.E. Report on that property. A C.L.U.E. (Comprehensive Loss Underwriting Exchange) Report provides a history of the property (typically 5 years back) as it relates to the dates of claims, the insurance company involved in the claim, the type of policy on the property, whether loss was related to a named catastrophe (hurricane, etc.), the location of the loss, the amount paid and the cause of the loss. There is a small fee that you would pay, but it is well worth it in assisting you with making an informed decision on a property of interest. HTH!!

Chandra Patterson
Rose & Womble Realty Company
Licensed in VA
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0 votes 4 answers Share Flag
Mon Feb 17, 2014
Ruth and Perry Mistry answered:
Each builder is Unique and has their own programs.
They can vary between 0-3%.

Depending on Number of Available homes a Builder may give
several incentives. However, you have to check if the neighborhood,
loan program, and schools are right for you.

You may have several inspection costs associated with an Older home,
but if your agent can strike a better deal, and get you a larger lot or
better school, it may be well worth it.

Also, new home builders have their Own Loans. Where you many have
No Loan Costs.

They key is whether you are over paying for a new home, no matter
what the Closing Costs are.

Good luck
Perry
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0 votes 1 answer Share Flag
Tue Nov 19, 2013
Thomas Cantalini answered:
Good afteroon,

Suzanne's response was accurate. In the Austin area, including Lakeway, banks generally expect that the improved market will eleminate the necessity for a short sale in many cases.

I have seen banks require that the list price of the home, that was not pre-approved for a short sale, be increased. In one case the increase was 10-15% and the Buyer paid up to get the property. The lesson here is that list prices on potential short slaes may not be approved by the lender if the lender believes the prices are set too low, particularly in a area where homes sales are relatively strong. Lenders realize that Austin area prices have improved significantly during the past 1-2 years in desireable areas, such as Lakeway. Lack of supply is a significant contributung factor given the high current rate of population increase (and incoming potential buyers).

Short sales and foreclosures are not always the best buys in the market. Definitely find a Realtor who will properly represent you and analyze any potential purchase closely. Please contact me if I can assist you further. I live in the Lake Travis ISD area and active in the Lakeway market.

Best regards,


Tom

Thomas J. Cantalini
Broker Associate, REALTOR(R) GRI, CNE, SFR, MBA
Century 21 HSK and Associates Austin
9020-1 N. Capital of Texas Hwy., Suite 210
Austin, Texas 78759
512-797-9167 (cell)
tom.cantalini@gmail.com
thomas.cantalini@century21.com
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0 votes 4 answers Share Flag
Tue Nov 19, 2013
DEBORAH DESJARDINS answered:
cash under $250K can be condo/townhome or SFR all depends on work to be done and how fast your want to close
I of course want a deal
I love golf areas but ant something close to Lakeway thanks can move within 30 days
Deborah
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0 votes 3 answers Share Flag
Mon Jul 29, 2013
Betina Foreman answered:
According to the MLS it has not sold, therefore there is no way to determine how much less than asking price was accepted. It has only been on the market for 4 days. It looks like a spetacular home. ... more
0 votes 2 answers Share Flag
Mon Jul 8, 2013
Julie Mattoon answered:
Lakeway and The Lake Travis Area are full of resort communities. Rough Hollow and The Reserve both have A+ amenities and access to boat slips and the Lake. The Reserve is a bit further from Austin and many homes are 2nd homes. Rough Hollow does have 2nd homes as well but the trend is primary residences. 10-15 minutes to The Galleria and Shopping.
As far as anything to avoid? Lakeway and the Lake Travis area are awesome and the price point you are looking in would help to point out neighborhoods. Also, if golf if a priority, we have 5 golf courses within 5 miles of Lakeway. Is boating a priority? If it is golf: Falconhead, The Hills, Flintrock, Yaupon and Live Oak are also considerations. Spicewood has Barton Creek Lakeside Golf.
Let me know if I can help in anyway.
Julie Mattoon, REALTOR
512-428-4503
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0 votes 4 answers Share Flag
Fri Nov 9, 2012
Stuart McWilliams answered:
Hi Barbara

If there is any home you need more information on (photos, pricing, etc) please let me know. I have quick access to all homes and can email you the information you need.

I can be reached at 512-828-9867

Stuart McWilliams
Beyond Realty
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0 votes 6 answers Share Flag
Fri Nov 9, 2012
Stuart McWilliams answered:
Average rent per square foot on a home in Lakeway is going to be around $1 per sqft. There are of course variables that affect the price such as views and location. If you are interested I can set you up to receive email alerts when new rental homes come on the market in Lakeway.

I can be reached at 512-828-9867

Stuart
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0 votes 4 answers Share Flag
Mon May 14, 2012
Betina Foreman answered:
Dear Bri,
The California agent may have this problem in their area, however we do NOT. Real estate is local and the Austin area is still pretty strong. While there are bank owned homes in almost every zip code, some areas are more immune to Foreclosures. As mentioned previously there is only one foreclosure home in this neighborhood right now. If you want local information please contact a local Realtor to help. I wish you luck!
Betina
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0 votes 9 answers Share Flag
Mon May 14, 2012
Betina Foreman answered:
The taxes vary greatly in the Lake Travis area. Depending on which neighborhood you buy in the rates range from just about 2% up to almost 3%. This can make a big difference in your annual tax bill. Here is a quick guide I prepared for your use regarding the 2012 tax rates, please note they may change. Make sure to check with the tax appraisal district before you buy. Also if a home is new construction the amount of taxes shown with Travis County Appraisal District may only be for the lot alone so buyer beware!

Right now in Lakeway proper there are 191 homes for sale, priced between $199K and 3.8 million. The lowest priced home is a foreclosure. I have a shared listing on 519 Ladin Lane that is a stunning home on a huge corner lot, listed for $390K that has a very reasonable tax rate of 2.35%. Here is a link to that home: http://actris.mlxchange.com/DotNet/Pub/EmailView.aspx?r=110275843&s=AUS&t=AUS if you wish to see it please give me a call. If you want more information on these homes or any others please give me a call or email. Please let me know if I may be of further assistance.

Cheers,
Betina

Betina Foreman- Realtor, C.N.E.
Austin Home Girls Realty
(512)771-6318

2.01% Hudson Bend Colony
2.15% Lakeway Sec. 2
2.15% Lakeway 17
2.15% Seawind
2.21% Arbolago
2.21% Cardinal Estates
2.21% Coves at Lakeway
2.21% Harbour Hill
2.21% North Lakeway Village
2.21% Terrace at The Preserve
2.21% The Preserve at Lakeway
2.21% Tuscan Village
2.35% Boulevard at Lakeway
2.35% Cedar Glen
2.35% Champions Lakeway
2.35% Edgewater
2.35% Estates of Lakeway Hills
2.35% Lakeway City Hall
2.35% Lohmans Crossing Estates
2.35% Lakeway Clusters
2.35% Lakeway Section 28
2.35% Lakeway Original City
2.43% The Hills of Lakeway
2.43% The Hills Lakeside Green
2.43% Villiage of The Hills
2.56% Flintrock Falls at Hurst Creek
2.63% Flintrock Falls Villas
2.66% Flintrock Falls
2.83% The Villas at Flintrock Falls
2.92% Rough Hollow
2.92% Villas at Rough Hollow
2.94% Flintrock Falls
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0 votes 2 answers Share Flag
Sun Feb 5, 2012
Betina Foreman answered:
The property owner should be shown on the MLS listing. Otherwise you can check TCAD for the owner of record. Good luck!
;)
0 votes 4 answers Share Flag
Thu Nov 4, 2010
Betina Foreman answered:
Dear Beth,
There are actually two medical facilities being built in the Lakeway area. It should be a boon to the local economy and provide many new jobs. Lakeway was more of a bedroom community and haven for retirees, however that has changed a bit with the building boom in Austin. Now you see more families as well as retired people.

The prices are a bit flat right now as there are about 8 months of inventory. Now is a great time to buy as you will get more house now for the money than you will once the economy recovers. There are homes in a variety of prices depending on the location. I have seen homes in the more affordable range of $200-300K and some gorgeous estates that millions. Whatever your looking for Lakeway probably has it. If I can be of further assistance please give me a call.

Sincerely,
Betina
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0 votes 5 answers Share Flag
Thu Nov 4, 2010
Betina Foreman answered:
Dear Yu,
If you need a Septic System inspection I would contact Jan with Rainbow Septic. They provide excellent service and reasonable prices. They have worked in the Lake Travis and Austin area for many many years.

Sincerely,
Betina Foreman
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0 votes 3 answers Share Flag
Wed Oct 20, 2010
Betina Foreman answered:
I just wanted to check in with you. It has been almost a year since you posted your question about Lakeway. Have you made the move or are you still looking for more information on the area. Please let me know if I may be of further assistance.
Sincerely,
Betina
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0 votes 9 answers Share Flag
Wed Feb 10, 2010
Betina Foreman answered:
Dear Del Mar,
Listing Data is not much help except it lets you know whats for sale currently. A C.M.A. can show you the average Sold Price Per Square Foot and the List Price Per Square Foot. The Comps need to be for homes that are: the same age, size, number of bedrooms and bathrooms, on a similar sized lot, similar type of features, same neighborhood or subdivision, etc. Then you can use that number multiplied by the number of square feet of the home your considering. This will help you to know if its priced well. Your best bet is to work with a Realtor that can provide that type information and help you with the sale.

Sincerely,
Betina

Keller Williams
Austin Texas
(512)771-6318
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0 votes 11 answers Share Flag
Mon Dec 14, 2009
Richard Heath answered:
Hi Lillie,

Both Cyndie and Betina are correct in that you have to decide what you want to do with the property. It sounds like evicting is the only current option with this non-paying renter. If you decide to re-lease you need the rentor out and the same if you decide to sell. Also, who wants a renter that is not paying rent?

If you decide to do anything other than selling the property, you ought to look at refinancing the property. I am currently refinancing an investment proprty at 5.375%. That would be a substantial savings over your current interest rate. That being said, without looking at the specifics of the loan, I could not tell you what interest rate you would qualify for. But, it would definitely make sense to take a look at it.

I would be glad to look at it for you and can have a pretty good answer for you within an hour.

Richard Heath
AMCAP Mortgage
512-809-1828
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