When most people shop for a home loan, they lead with “please send me your rates” rather than interviewing the mortgage broker or loan officer to see what they’re going to do to work for them. What they don’t understand is the mortgage interest rate quoted during the pre-approval process before you have a signed […]
What is Proper Etiquette for Looking at Houses in Austin?
If you’re new to house hunting, you may be wondering what the etiquette is for visiting a home for sale. In fact, we get this question a lot from first-time home buyers and experienced buyers alike; which makes sense since looking for a new home has evolved over the years. Years ago, homes for sale […]
4 Misconceptions About Appraisals
One of the more puzzling pieces of the real estate process is actually part of the financing process: appraisals. Appraisals are without a doubt confusing, yet they are a key part of the mortgage loan underwriting process. As a home buyer, it’s important to have a basic understanding of their purpose and how they can […]
How to Effectively Negotiate Closing Costs in a Sellers Market
It’s no secret the Austin real estate market is booming. Buyers are having to make more concessions than sellers, and many buyers think sellers will make absolutely no concessions for them. In practice, it is not as one sided as you might think. Though we are still in a seller’s market, buyers are still able […]
How to Choose a Lender When Buying a Home
The best practice for choosing a lender when buying a home in Austin is a bit counterintuitive. Most buyers start their search by checking mortgage rates at different banks or lending institutions and choose the lender who posts the best rates online. Though rates are a piece of the puzzle (and a large piece considering […]
What to Expect at the Design Center
As we are starting to see builders go back to allowing buyers to pick a lot and build a home from scratch, I thought we should revisit this post describing the process of selecting finishes at the design center. When you buy a new home, there’s a lot of decisions to be made. While you […]
What are the Average Property Taxes in Austin?
Buyers who want to budget their monthly housing payment frequently ask how much property taxes are in Austin. The short answer is property taxes vary based on several factors, so it is hard to say they are a certain percentage in the Austin metro area. School district, utility district, hospital districts and whether or not […]
Using Price Per Square Foot When Determining Home Value
Attempting to measure a home’s true market value using a price per square foot calculation is more often confusing, misleading and quite possibly deceptive. Using price per square foot as a valuation tool is a little like predicting the local high and low temperatures by using a national weather temperature averages. But, even with its […]
Most Affordable Neighborhoods Near Austin
We have all heard the cost of living in Austin, especially cost of housing, has skyrocketed in the last two years. Though Austin and the surrounding area has increased in price, you can still find homes in more affordable neighborhoods. Not in the city of Austin necessarily, but in the suburbs that surround Austin. We’ve […]
How to Research an Austin Neighborhood
When you’re looking to buy a new home, you’ll want to gather as much information about a particular neighborhood as possible. The more you can learn about the neighborhood before you buy, the higher the likelihood you’ll enjoy living there for longer. We’ve put together a guide to help you research Austin area neighborhoods. Here […]