Home Buying in 78759>Question Details

 Julie, Real Estate Pro in Austin, TX

bargain hunting in 78759?

Asked by Julie, Austin, TX Mon Oct 13, 2008

1.I'm a bargain hunter.
2.We need to buy a house in 78759 in the next 6 months,3 beds,2 bath,RRISD.
3.We are well qualified get a mortgage for around $350k

Is there foreclosure houses in 78759?
How to find bargains in 78759?
Does any realtor provide rebates?

Help the community by answering this question:


Wow, only two people on this response offered rebates... Come on Realtors, rebates to the customer during these hard times are completely reasonable, especially to someone well qualified on a home of 350k! I am a Broker and GRI, not an inexperienced or new agent, and I often grant rebates of at least 1% on any home.

There are not too many foreclosures up there, but to find the best bargains you would want to get on an agent's client gateway email list for that zip code or neighborhood and at least you'd get instant emails for new properties that appear before anyone else does. I use a keyword search for foreclosures rather than a simple "label" search since this yields the best results, I also comb around for short sales. I specialize in investment propeties so foreclosures are pretty much a big part of my daily grind. If you're interested in a Broker helping you out and getting a rebate, my website is below. Thanks!
Web Reference: http://www.duplexstore.com
0 votes Thank Flag Link Wed Dec 17, 2008
Dear Julie,
did you find the bargain you wanted? If not let me know and I will send you the most recent listings.
0 votes Thank Flag Link Sat Dec 13, 2008
If you are determined to find a foreclosure look at http://www.HotPads.com. It is an exclusively foreclosure website. I can create a home search to send you the latest listings in the neighborhood you are interested in. Please call me if I can be of further assistance, as I would be thrilled to help you find your next home.
Betina Foreman, Realtor Austin Texas
0 votes Thank Flag Link Sun Nov 30, 2008
Hello, Julie.

The first two steps to take in any buyer transaction:
1. Talk with a mortgage lender and obtain a pre-approval letter (this will help you move quickly when a bargain comes along.)
2. Hire a buyer's agent to begin searching for homes in your preferred neighborhood on your behalf - preferably one with an ABR designation.

One way we provide value to our clients is by setting them up on a "client gateway" that alerts them to new homes hitting the market that match their specific needs (price, size, location, and preferred amenities.) This way, the buyer knows precisely when an ideal home hits the market and can view it and, if need be, make an offer promptly.

Another way we help is by helping with a negotiation strategy based on research, neighborhood sales data, property condition, and time on the market. A full-time Realtor can provide advice and advocacy to help you through the negotiating process and help you obtain a great deal.

If you'd like more information on 78759, please let me know - I'd be happy to assist you.
Web Reference: http://www.realtyaustin.com
0 votes Thank Flag Link Tue Oct 14, 2008
Hi Julie,
My office, RE/MAX Austin Advantage, is in 78759 on Oak Knoll at 183.

We sponsor a website called: http://www.traviscountyforeclosures.com

This is the best place to start your search as all foreclosure documents, and announcements are hand entered weekly. Find what you need on this website, then get in touch with me.

Hope this helps. Talk to you soon.
0 votes Thank Flag Link Mon Oct 13, 2008
The person I know with the most expirence in that area is Mary Beth Seldon, this little old lady (retired teacher) that must have a bloodhound's nose for deals and a warriors heart. She is absolutely the toughest negotiator that I can imgaine in that area.

She's a no-nonsense type but if you are sincere and not just fishing, she'll drop offers that most people say are crazy and most importantly, get them done. mselden@austin.rr.com
0 votes Thank Flag Link Mon Oct 13, 2008
Dear Julie,
I lived in "The 59" for several years and now I sell homes there. I would be happy to help you through the process. The neighborhood is family oriented and has seen excellent apreciation in the last 15 years. This neighborhood is not known for having foreclosures, and very rarely there may be one or two. If that is specifically what you want, I would go to a lender and get qualified and approved now so that you are ready to act ASAP when we find the right home. You don't want to find the home and lose it because they received another offer from an approved buyer. If you need a lender, you may go to my website and find several on my Area Links/ Local Service Providers/ mortgage lenders. Call them all and see who feels like a good fit. You need to find someone that you can talk to and someone that will be responsive to your needs. As a buyers agent I am there 150% for my clients. Please call me if you want to see some homes in 78759.
Betina Foreman, Realtor Austin Texas
0 votes Thank Flag Link Mon Oct 13, 2008
The best thing to do is to hire a buyer's agent who has experience in the area and great negotiating skills. Anyone can find homes in the MLS but it takes a pro who knows the area and knows how to get you the best deal possible to get a real bargain. An experienced agent will also be able to counsel you on whether a particular property is actually a bargain given price and condition. Not all foreclosures are good deals. Plus there are some motivated sellers who are willing to negotiate.

The seller typically pays the Realtor's commission and a really good buyer's agent working for you will save you much more than you could have rebated by a new or inexperienced agent who would be willing to provide a rebate.

I would recommend interviewing a few agents and choosing the one you feel will work the best for you.
0 votes Thank Flag Link Mon Oct 13, 2008

While I can help you with access to MLS and other real estate service, I am not a real estate agent. I work with many investros, FSBOs, Short sales, and yes foreclosures. You obviously realize it is a buyers market, but I encourage you to give me a call so I can understand how truely "wholesale" you want to get. It sounds like I can help you. Please give me a call at (512) 633-4393 or email me at Thad@ThadJarrett.com
Web Reference: http://www.ThadJarrett.com
0 votes Thank Flag Link Mon Oct 13, 2008

Congratulations on selecting 78759. It is a great area and has wonderful ameneites for your family. When you mention RRISD, I would suggest RRISD part of Great Hills, Canyon Mesa and other parts of 1N. Foreclosures are up in Central Texas, but are not plentiful in the areas that you have identified.

Working with a realtor that is dedicated to you and your needs is the best way to find a home. It is true that seller's are motivated today, but they are not doing crazy deals as may be happening in other parts of the country.

Right now, there are 7 homes in 78759, RRISD and under 400k. Not a ton, but somethings to consider.

I would be glad to assist you if you would like further assistance. I however do not discount my rates as I am full service realtor that is dedicated to my clients finding exactly what it is that they are looking for. I have many satisified clients that I have worked with and also had 3 buyer sales in September, 1 listing under contract in the last 2 weeks and 2 new listings in the last 30 days. I would challenge you to ask other realtors how their business is doing. Mine is GREAT!!!

Ritch Haenke, Realtor(R)
Coldwell Banker, United
0 votes Thank Flag Link Mon Oct 13, 2008
It really depends on what you call a bargain. Are you guys just looking to do cosmetic work? Do you want a tear down.
I would have to look and see if any are on foreclosure.
Email me if you are interested in my services. Have a good week
0 votes Thank Flag Link Mon Oct 13, 2008
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