$5 Ideas to Help Your House Sell
5 Ideas for Making a House More Appealing:
  1. Give the trim around the front door a fresh coat of paint, covering up fingerprints and dings.
  2. Fertilize the grass so it looks bright green.
  3. Hang a small flag that says “Welcome.”
  4. Place a big pot of yellow marigolds in the foyer — yellow makes people feel comfortable.
  5. Dribble a few drops of vanilla on the oven door and turn it to low (it’ll smell just like cookies are baking).


Austin Residential Home Market Up 6%.
6 seems to be the magic number!  Our total revenue in existing single-family homes sold in March went up 6% from March of 2006 and the median price of $177,000 was also 6% higher than March of 2006. Days on market went down 4% to 65. Condos and Townhouses did even better...19% increase in revenue and 14% in median sales price to $170,000.  The rest of the country may be stagnant or worse, but we continue to have a strong market. 
Price Reduced on 2610 Tierra Blanco in Anderson Mill West

Anderson Mill West, Cedar Park  -  Announcing a price reduction on 2610 Tierra Blanco, a 2,125 sq. ft., 2 bath, 4 bdrm single story. Now MLS® #4795475   $209,000 - REDUCED TO SELL!.

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Hill Country Galleria's newest tenants
Construction on the 650,000 square foot first phase of the new Hill Country Galleria at the corner of Highway 71 and 620 in Bee Cave is moving along swiftly and is scheduled to open in September.  Anchor stores are Dillards, Barnes & Noble and Cinemark Cinemas.  Opus West, the developer, says they have also signed on Talbots, Coldwater Creek, Ann Taylor, Ann Taylor LOFT, Eddie Bauer, PacSun, Zales, Bath & Body Works, Chico's Nine West, Victoria's Secret, White House/Black Market and Zolton David.  Yeah!  A real department store and one of my favorites, Chico's right in the neighborhood...can't wait.
It's a Good Move-Up Market

Daily Real Estate News  |  April 2, 2007T

The surge of flippers and investors has dwindled, prompting a housing market slowdown, but some real estate markets are doing well without them, Century 21 CEO Tom Kunz told USA Today.

“We’re starting to see movement," he said. "The Carolinas are very strong and down around Atlantic City. The Midwest, you’re not going to see blazing increases we saw in the last few years, but it’s steady. Texas is strong.”

And the weakest? “Florida is still in a weak position. … Las Vegas is still a bit of a weak market.”

Would Kunz sell his own home in this market?

“Sure," he says. "I think there's this perception that people wait for a good market to sell their homes. Most people buy or sell because of major events taking place in their lives: births, deaths, marriage, divorce. No matter what the local real estate market is doing, having a job change as I did three years ago, going from California to New Jersey, I had to buy a house and sell a house.

"I may not get as much for the house as a year ago, but when I have to buy something else, it's not going to cost as much as a year ago. It's a good move-up market,” Kunz says.

Source: USA Today, Noelle Knox (4/02/07)

Price Reduced on 6100 and 6104 Lantern View Dr. in The Hollows

The Hollows, Jonestown  -  Announcing a price reduction on 6100 and 6104 Lantern View Dr., a lot / land. Now MLS® #5912364   $1,600,000 - NEW PRICE!.

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Texas Real Estate Prices Up in Third Quarter

 http://recenter.tamu.edu/news/recon.html

Current Retail Trends in Texas
http://recenter.tamu.edu/tgrande/vol13-4/1791.html
Trends in Austin Area Commercial Development

On  Wednesday I attended New Approaches for a Changing Landscape, a seminar on area commercial development presented by Central Texas Association of Realtors and Silver Hill Financial LLC. 

The participants were:

Moderator:  Doug Dwyer, Senior VP Transwestern Austin

Engineering/Consultant:  Chuck McLendon, Raba Kistner Consultants

Residential Lot Development:  Pete Dwyer, Dwyer Realty Companies

Office Development:  Lance Sallis, Trammell Crow

Apartment Development:  John McKinnerney, Simmons Vedder and Company

Retail Development:  Dan Wheat, Barshop Oles

Here are the highlights:

  • The Austin Metro Area is expected to double in size to two million by 2025.  This level of growth requires a regional perspective for planning.
  • Major sources of capital such as REITs and hedge funds are increasingly interested in investing in Austin.  Many of these larger investors are willing to pay higher costs for land and accept a correspondingly lower ROI.
  • Land costs have been driven up recently by national residential developers who are positioning themselves for the next expansion cycle.
  • Development costs have increased by about 60% in the last five years. 
  • The trend is towards mixed-use developments which incorporate residential, educational, retail, professional, greenspace, and recreational facilities in one location.
  • This level of expansion will require smaller outlying communities to seek creative financing in public/private partnerships to provide the extensive infrastucture necessary before retailers can build.
  • Most of the occupied retail space in Austin has been sold to investors in the last two years,resulting in a corresponding rise in tax valuations, so that a retailer  who is currently paying $25 per foot might pay $30 next year.  This is one more cost pressure on retailers.
  •  While environmental regulations are a major concern, they have not proved to be hinderance to development.
Price Reduction on 23100 Pedernales Canyon Trail, $600000USD!
23100 Pedernales Canyon 010
Price dropped to $600000USD
CLOSE IN SECLUSION!
23100 Pedernales Canyon Trail
Spicewood

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Great Reasons to List Your House During the Holidays

People who look for a home during the holidays are more serious buyers.

Serious buyers have fewer houses to choose from during the Holidays and less competition means more money for you.

Since the supply of listings will dramatically increase in January, there will be less demand for your particular home.  Less demand means less money for you.

Houses show better when decorated for the Holidays.

Buyers are more emotional during the Holidays so they are more likely to pay your price.

Buyers have more time to look for a home during the Holidays than during regular weekday.

Some people must buy before the end of the year for tax purposes.

January is traditionally the month for employees to begin new jobs.  Since transferees cannot wait until Spring to buy, you must be on the market during the Holidays to capture that market.

You can still be on the market, but you have the option to restrict showings around the Holidays.       

By selling now, you may have an opportunity to be a non-contingent buyer during the Spring when many more houses are on the market for less money!  This will allow you to sell high and buy low.   

Property at 7006 Mountain Trail has been Sold!
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7006 Mountain Trail
Austin

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Property For Sale at 28 Tournament Way!
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28 Tournament Way
Village of the Hills
Well maintained Golf Cottages condominiums in gated golf course community of The Hills. Back fenced patio with view of #2 hole of Academy of Golf. Bright kitchen with hardwoods, wall of glass onto patio and crown moulding.
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Price: $185000USD
Property For Sale at 23100 Pedernales Canyon Trail!
23100 Pedernales Canyon 010
23100 Pedernales Canyon Trail
Spicewood
Green Built, Chemically Free and Nationally Recognized for it's Innovative use of materials and design! Perched near the rim of Lick Creek and surrounded by Creek on 2 sides. The home features a detached office, multiple decks with views, screened in patio, huge gazebo/family outdoor recreation area, raised garden beds, nature trails, rainwater collection cistern and well and basketball 1/2 court.
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Price: $625000USD
Property For Sale at 5908 Laguna Cliff Lane!
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5908 Laguna Cliff Lane
Austin
Stunning single story French Country home on 1.58 acres backing to wooded area. Some lake view from front of home. Gorgeous finish-out includes antique mantle and wood columns. Bedroom and bath count includes separate bedroom/bath guest accommodation. Beautiful pool and spa and arbor. The pictures do not even do it justice!
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Price: $875000USD
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