Archives for April 2014

Austin Recognized for Fewest Days on Market

Austin is new to the top 10 list at just over half the national average of 102 days. With its fast growing economy, a cost of living that’s 15 percent below the national average, low crime rates, and healthy housing market, it’s no surprise that Austin, Texas is the fastest growing city in the U.S. 

If you are interested in buying a home in the Austin area and you want straightforward, intelligible information about the real estate market so you can achieve your goals, please don’t hesitate to contact me.

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10 MSAs With Fewest Median Days on Market

March 2014

Denver, CO

25

Oakland, CA

27

San Jose, CA

31

San Francisco, CA

33

Seattle-Bellevue-Everett, WA

38

Boulder-Longmont, CO

42

Anchorage, AK

43

Stockton-Lodi, CA

48

San Diego, CA

51

Austin-San Marcos, TX

52

Source: “Realtor.com® Report: Higher Inventory a Welcome Sign for Spring Buyers,” realtor.com®(April 17, 2014)

How Buyers Can Annoy Sellers

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Bankrate.com recently highlighted several ways that home buyers have been annoying some sellers recently, including:

  • Disrespectful house visitors: Some buyers may not be respectful when touring a home, letting their child run wild or bounce on the furniture, cranking up the heat and air conditioning, or even using the restroom. Lisa Ramsey, a real estate professional with the The Ramsey Group, says it’s up to the real estate agents to lay down some house rules when the seller isn’t there. “I tell buyers, ‘Let’s just pretend we’re walking into the White House.” She’ll also talk to her buyers “about the trend of sellers putting [microphones and] cameras in the home. … I go into every house assuming there’s a recording device in the house. We’re not going to talk money or strategy in the house.”
  • Submitting a long list of defects: Ron Phipps, principal with Phipps Realty in Warwick, R.I., and a former president of the National Association of REALTORS®, says that buyers are doing themselves a disservice when submitting an offer with a long list of what’s wrong with the house. It makes sellers question why the buyers would want this place. Instead, Phipps recommends a gentler approach: Submit a list of comparables with the offer as well as a personal letter where buyers introduce themselves and explain why they want the house. In the letter, they can mention two or three of the major issues with the house while keeping it neutral and referencing third-party, empirical sources.
  • Too many visits: After buyers have committed to purchase a home, they want to make lots of visits to their future home, bringing the decorators, architects as well and entire family with them, says Mike Lubin, associate broker for Brown Harris Stevens in New York. The sellers may find the constant visits disruptive, however, as they’re busy packing and possibly doing repairs to meet a deadline. Lubin says a possible compromise could be to have the buyer arrange a visit while the inspector is present as well as another visit during the final walkthrough before closing.
  • Renegotiation: Buyers may agree on the price but then repeatedly demand concessions and discounts. The home inspection can be a culprit. For example, buyers may realize the furnace has about five good years left and then make a demand for a new furnace or monetary equivalent. “A realistic buyer knows everything’s not going to be perfect,” says Matt Laricy, managing partner with Americorp Real Estate in Chicago. But signed contracts don’t often stop a buyer from trying to renegotiate, Laricy adds. Buyers may say the market has changed or that they’ve overpaid or they may even suffer from buyer’s remorse, he says. “It’s extremely awkward,” Lubin says. “It’s violating the terms of the contract, and it’s insulting.”

Source: “8 Ways that Homebuyers Annoy Sellers,” Bankrate.com (April 2014)

April Newsletter: Farmers Markets

Spring has arrived in Central Texas! There are so many fun things to do this time of year: have your picture taken in the bluebonnets, attend the Red Poppy Festival in Georgetown, or watch a Round Rock Express game at the Dell Diamond. Another great springtime activity is visiting your local farmers market. Nutrition.gov offers several great reasons why you should consider shopping at a farmers market.

 

  • Farmers markets are easy to find.

Simply Google “Central Texas farmers markets” to find one near you or visit Austin Area Farmers  Market. Due to their flexible locations, some community farmers markets provide fresh, healthy foods when other sources aren’t as easily accessed.

  • SNAP and WIC cards are accepted at most farmers markets.

 

  • You can try a new fruit or vegetable!

Have you ever tasted gooseberries or rhubarb? Many farmers markets offer lesser known fruits and vegetables, providing a variety that can be both tasty and nutritious.

  • Farmers often have good recommendations on ways to prepare their products.

 

  • Farmers markets can be important anchors for vibrant communities.

Meet your local farmers, learn about foods grown in your area and catch up with friends and neighbors while stocking up with local goods. Supporting your local farmers market strengthens your community.  

  • It’s a great way to get your kids involved.

Let them pick out something new to try; it’s a great way to get kids to try new foods!

  • Fresh fruit and vegetables are full of antioxidants and phytonutrients.

 

  • Shopping at farmers markets supports your local farmers and keeps the money you spend closer to your neighborhood.

 

  • Freshly picked ripe food is at its peak in flavor and nutrition.

Stop by your local farmers market today, learn about where your food comes from, and enjoy some delicious and nutritious food.

 

 

 

 

Red Poppy Festival

The whole family is sure to have fun on the weekend of April 26 & 27, 2014 at the Red Poppy Festival! Featuring over 100 artisans from across the nation, the Open Car Show, the Kids Zone, Live Entertainment and the Saturday Night Concert and Street Dance! Friday Night Kickoff Concert April 25 at 7pm!  Saturday Night Concert featuring The Belamy Brothers!

 

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