Stunning updated Jester home meticulously maintained by original owners.  Formerly a model this one of a kind custom built home now tastefully renovated features hardwood flooring, granite counter tops, stainless appliances, two fireplaces, oversized garage & an amazing resort master bath retreat. Exterior updates included outdoor living areas & upgraded hardiplank siding. Situated perfectly on a lushly landscaped tree covered lot this is truly a rare Jester Estates jewel.

As brokers we are encouraged to see last years sales momentum continue into 2012, but how does low home inventory, low home prices and shorter days on the market affect you? What does this mean if you are considering buying or selling in 2012?  How will this data affect you decisions making process?

• January 2012 Statistics

   

  • 1,051 – Single-family homes sold, 10 % more than January 2011.

   

  • $176,550 – Median price for single-family homes, 7% less than January 2011

   

  • 85 – Average number of days that single-family homes spent on the market, 8 days less than January 2011.

   

  • 2,266 – New single-family home listings on the market, 6% less than January 2011.

   

  • 6,557 – Active single-family home listings on the market, 19 % less than January 2011.

   

  • 1,638 – Pending sales for single-family homes, 16 % more than January 2011.

   

  • 4.1 – Months of inventory of single-family homes, 1.4 months less than January 2011.

   

  • $236,043,039 – Total dollar volume of single-family properties sold, 1% less than January 2011

  Call us!  We are always thrilled to chat real estate and happy to discuss the market data impact on your real estate planning.

However condo purchasing is can be tricky. Below are some of the areas you should be educated on as a condo buyer.

HOA Dues

Most condo developments operate with a Homeowners Association (HOA), a group of residents who enforce community rules and collect monthly or annual dues. We advise our buyers to always find out how much the dues are and what they cover.  In addition it is smart for buyers to research the HOA to see if there are any pending legal issues or current disputes.

Association fees usually cover insurance on the exterior of the building, but coverage can differ from complex to complex. Sometimes some utilities are covered in HOA dues, but there is no stead fast rule on utilities so buyers should ask their agent to dig deep.

Find out if there are any pending assessments and the last time the HOA dues were raised. If it has been awhile you might budget for future increases.

FHA Approval

Even if you're paying all cash or getting a conventional mortgage to buy your condo, you'll want to buy in a development that's approved by the Federal Housing Administration (FHA) for FHA financing.

An FHA-approved condo will have a stable community and HOA that operates on a budget with healthy cash reserves. FHA-approved condos generally have a lower “rental-to-occupant” ratio and less dues delinquencies.  FHA-approved condos are usually easier to resell as your buyer market is broader.

You or your agent can research these issues. If an HOA is not forthcoming with answers, you might seriously consider this is not the purchase for you.

Assessments

Condo residents are required periodically to share the costs for assessments—development-wide improvements like new roofing, new gates or generally complex maintenance

We strive to make sure all our condo buyers are heavily educated and over informed in all facets of their condo purchase.  

More than 16,500 homes were sold, data showed. The median home price was $150,700, about the same as a year ago, and the state's overall inventory was at six months.

Below is December 2011 MLS data as of January 30, 2012. Six months inventory is considered by most industry standards to be a balance market.

1. LPG tanks should be far enough away from buildings for valves to be shut off in case of fire. Keep area around the tank clear of flammable vegetation.

2. Store gasoline in an approved safety can away from occupied buildings.

3. All combustibles such as firewood, wooden picnic tables, boats, stacked lumber, etc. should be kept away from structures.

4. Clear roof surfaces and gutters regularly to avoid build-up of flammable materials such as leaves and other debris.

5. Remove branches from trees to a height of 15 feet or more.

6. In rural areas, clear a fuel break of at least 3 times the fuel length around all structures.

7. Have fire tools handy such as: ladder long enough to reach your roof, shovel, rake, and a bucket or two for water.

8. Place connected garden hoses at all sides of your home for emergency use.

9. Assure that you and your family know all emergency exits from your home.

10. Assure that you and your family know all emergency exits from your neighborhood.

Be safe and cautious as we protect our homes and the Texas we all love.

Meticulously maintained home on a lushly landscaped lot in highly desirable Legend Oaks. Gently lived in by original owners this stunning home shows like a model w/many updates including granite counter tops, plantation shutters, fixtures & flooring. Features include three FULL baths, office/study & luxurious master suite w/resort style master bath. Amazingly quiet low traffic street. Easy walk to greenbelt, pool, tennis, playground & award winning elementary.

This rare 4 bedroom floor plan features spacious living areas, a bright open kitchen and luxurious master wing.  Many updates and pride of ownership shines at every turn.  Best of all backs the park and open green space so no back neighbors. Enjoy peaceful views from back patio. This home NOT a short sale and is move-in ready. Easy walk to outstanding schools, parks, pool and playground.

According to Ted Jones, Chief Economist for Stewart Title, in his recent 2012 economic forecast presentations one of the mega themes is that people that graduated from a technical school, college or university in the past three years or the coming three years have indicated they will be more pre-disposed to be renters than home owners.  So as congress continues to disincentive homeownership it is possible we are literally creating a generation of renters. 

However a recent January 5, 2012 survey by the National Association of Homebuilders of 1,500 voters (including renters and owners) three out of every four likely voters find it appropriate to keep tax incentives for fostering home ownership. You can review the survey at this link- http://www.nahb.org/fileUpload_details.aspx?ContentID=173605.  Agreeing with the concept that tax incentives for homeownership is positive and appropriate in the survey were 84 percent of Democrats and 71 percent of Independents and Republicans. 

Survey Highlights:

• 72 percent believe it is a good time to buy a home (while only 46 percent agree it is a good time to buy a new car)
• While 37 percent believe that an IRA or 401K is their best investment, 33 percent believe their home is the best (contrasted to 9 percent on savings accounts and 7 percent on stock market investments)
• 74 percent Agee or Strongly Agree that owing a home is worth the ups and downs of the housing market
• 96 percent of homeowners are either Happy or Very Happy with their decision to own a home (85 percent being Very Happy) while just 3 percent are Unhappy (and recall that 23 percent of current homeowners are underwater—so that is a very powerful statistics)
• 79 percent (8 out of 10) homeowners would advise a close friend or family member just starting out to buy a home.
• Only 27 percent of renters rent as a matter of choice yet 68 percent of renters say it is a goal to own a home
• 60 percent either Agree or Strongly Agree that dealing with the mortgage and foreclosure crisis is the key to stabilizing the economy (once again confirming that housing typically brings the economy out of a recession)
• The dissatisfaction of politicians is seen in the findings that 58 percent believe that neither Democrats or Republicans are doing a good job of stabilizing and restoring the housing market
• 75 percent agree that the mortgage interest deduction is appropriate and reasonable (while just 20 percent deem it Not a Good Idea)
• 73 percent oppose eliminating the mortgage interest deduction
• 68 percent of the respondents indicated they would be less likely to vote for a Congressional candidate that proposed eliminating the mortgage interest deduction
• 66 percent favor lowering Federal income tax rates for individuals

We feel strongly that congress should keep tax incentives for homeownership.

Stay active. Stay involved.

Remodeled luxury in the heart of Westlake and only 5 minutes to downtown, Hula Hut and Mozart's.  A very rare 3 bedrooms and 3 FULL baths featuring elegant pecan hardwood flooring, granite counter tops, fireplace, high ceilings, 2 car garage and massive storage. Privacy, stunning views and amazing community pool, sauna, tennis court, clubhouse and Lake Austin access/privileges.   All this plus low taxes and Eanes exemplary schools. (Hill Country Middle School!)

Bank owned renovated home. Recent flooring, hardwoods, paint and updates. 14 SEER AC, enclosed porch, central vacumn and large island kitchen. Kitchen updates include counter tops and undermount sink. Huge master suite with resort style bath. Tons of built-ins and storage. .Homesteps Smart Buy-up to 3.0% seller paid closing cost &  2-Year Limited Home Warranty for owner occupants. Terms and conditions apply. Sq FT is from other information and is not guaranteed by Broker/Listing Agent.

Exterior Home Preparation Tips

Outdoor preparations should include a walk around your property with an eye for cracks in foundations, the mortar in brick structures, and caulking or weather stripping that has failed. Other things to look for include: evidence of uninvited guests in the form of rodents or birds living or nesting in unsafe or unwanted locations, exposed wood that may need some type of protective treatment applied, and items that are too close to heat sources that could become fire hazards. In addition to this general evaluation, here is a list of specific items to consider:

• Hoses/hose bibs - in regions where temperatures drop below freezing, it is important to disconnect and drain your garden hoses, and either wrap hose bibs or cover them with insulating covers to prevent freezing pipes. A quick inspection for other exposed pipes that may need insulating will prevent the headache of dealing with broken pipes later.
• Sprinkler systems - in colder climates, sprinkler systems will need to be drained to prevent water from freezing and causing cracked or broken pipes. You may be able to drain the water yourself, or you may hire a professional to winterize it by blowing the water out of your system with an air compressor.
• Roof - inspect your roof for any loose, missing, worn or damaged shingles, tiles or other roofing material and have any needed repairs made to prevent unwanted water damage.
• Clean your gutters and downspouts - after leaves and other tree debris has fallen and collected in your gutters, it will be important to clean the gutters and downspouts to prevent water from backing up and causing water damage or overflowing during winter storms.
• Clean landscaping tools - when storing your landscaping tools for winter, take the opportunity to clean them well, apply a light coat of lubricant on tools such as pruning shears to keep them operational and to extend their lifespan, and replace tools that are in poor condition so you'll be prepared next spring when your landscaping begins to come to life once again.
• Prepare winter equipment - now is the time to test winter equipment that you may need in the coming months and make any necessary repairs ahead of time. Knowing that the snow blower or back-up generator will work and are in good repair and that you are prepared for inclement weather will provide peace of mind. It is also a good time to place this equipment along with shovels and salt in an accessible location so it is readily available when it is needed.
• Winter fertilizer - an application of winter fertilizer to lawns will promote stronger roots and help produce a healthier lawn in the spring.
• Plants - take a look at your landscaping and determine if there are plants that may be sensitive to cooler weather and require special preparation. While some plants may need to be trimmed, others may require additional composting materials around their roots to protect them during freezing temperatures, and others will need to be moved to a sheltered area or indoors. This is also a good time to lift bulbs that won't survive the colder temperatures such as dahlias and to consider planting spring bulbs like tulips and daffodils

Meticulously maintained one level custom home on .75 acres in quiet desirable Leisurewoods community.Private country living yet only minutes to downtown Austin & close to shopping/dining.Open floor plan w/2 spacious living areas, huge kitchen, ample storage, fireplace, vaulted ceiling in the family room & master suite w/sitting area.Super community amenities-pool, park/ tennis.Plenty of room for RV or workshop.  All this plus low taxes & outstanding schools. NEW ROOF agreed offer! Buyer can pick color.

Interior Home Preparation Tips

The most obvious items to address as the winter months approach center largely around ensuring that your home remains warm. Regardless of your heat source there are preventative measures that should be taken to ensure that you remain warm and safe inside your home. Some of the most important areas to assess include:

• Furnaces - regular annual furnace inspections will help keep your furnace in good repair. Cleaning or replacing furnace filters monthly during the operating months will also keep your furnace operating efficiently.
• Oil Heaters - like furnaces, oil heaters require annual inspections and maintenance. Annual inspections should include: inspecting the chimney, cleaning the pipes to remove soot build up, replacing the air filter, checking oil pressure and cleaning the oil filter bowl. Oil supplies will need to be replenished.
• Fireplaces - periodic cleanings should be performed by a chimney sweep to remove soot and creosote buildup to prevent chimney fires. It is also a good time to ensure that woodpiles are sufficiently stocked for the winter months with well-seasoned wood. Woodpiles should be located in a dry location and in an area away from structures to prevent granting wood-eating insects, such as termites, easy access to your home.
• Inspect windows and door for leaks - replacing cracked windows, or sealing air leaks around doors and windows will not only make the winter months more comfortable, but will also lower the costs of heating your home. One method of sealing leaks around windows is by using a removable caulking product which allows for easy removal and restoration of functionality for windows with the return of warmer weather in the spring.
• Evaluate smoke detectors and related safety equipment - the ending of daylight savings time is an ideal time to replace batteries in smoke detectors and any other battery-powered safety or emergency equipment. It is also a good time to evaluate existing smoke detectors, carbon monoxide detectors and fire extinguishers in terms of lifespan and whether they provide an adequate level of coverage. Smoke detectors and fire extinguishers are generally considered to have a lifespan of 10 years, whereas carbon monoxide detectors have a lifespan generally ranging from 2 to 5 years. Beware that batteries in the carbon monoxide detectors may still function after the actual carbon monoxide sensor has ceased being operational. For more information in regards to carbon monoxide you can visit http://www.epa.gov/iaq/co.html 

Absolutely stunning designers personal custom home on lushly landscaped half acre. Incredible resort oasis w/extensive outdoor living areas and a stunning negative edge pool/waterfall/spa overlooking greenbelt w/panoramic views.  This is truly a rare jewel w/ high-end custom upgrades including hickory hand scraped hardwoods, game room, private office/study, cook's dream kitchen, granite counter tops and stainless pro-elite appliances. Better than new!

Amazing private 2+ acre estate lot with tons of wonderful oaks and panoramic hill country views.  Level with numerous building sites. Outstanding schools. Mopac/Loop 1 South to FM 1826.  Travel approx. 6 miles and turn LEFT on Hawthorne Loop (Rim Rock entrance). Then take first left, then second left, then left on Bluff Wood.  Lot is toward end of cul-de-sac on right Mopac/Loop 1 South to FM 1826.  Travel approx. 6 miles and turn LEFT on Hawthorne Loop (Rim Rock entrance). Then take first left, then second left, then left on Bluff Wood.  Lot is toward end of cul-de-sac on right Mopac/Loop 1 South to FM 1826.  Travel approx. 6 miles and turn LEFT on Hawthorne Loop (Rim Rock entrance). Then take first left, then second left, then left on Bluff Wood.  Lot is toward end of cul-de-sac on right

I strongly believe that one becomes successful by taking consistent action to move toward a goal; even on the days when it is not fun or glamorous or you simply don’t feel like it. It is easy to give 100% when you’re on top of the world; the challenge for most of us is giving 100% on day 11 or when you simply don’t feel like it.

Persistence & consistency wins the race every time.

Most everyone is familiar with Aesop’s Fable of “The Hare and the Tortoise”. It’s an age old lesson read a multitude of times by parents and teachers alike to children who at the time were really too young to embrace the life lessons throughout the story. The story goes something like this…

There once was a speedy hare who bragged about how fast he could run. Tired of hearing him boast, Slow and Steady, the tortoise, challenged him to a race. All the animals in the forest gathered to watch. Hare ran down the road for a while and then and paused to rest. He looked back at Slow and Steady and cried out, “How do you expect to win this race when you are walking along at your slow, slow pace?” Hare stretched himself out alongside the road and fell asleep, thinking, “There is plenty of time to relax.” Slow and Steady walked and walked. He never, ever stopped until he came to the finish line. The animals who were watching cheered so loudly for Tortoise, they woke up Hare. Hare stretched and yawned and began to run again, but it was too late. Tortoise was over the line. After that, Hare always reminded himself, “Don’t brag about your lightning pace, for Slow and Steady won the race!”

The same lessons shown here are present in our every day lives. Think about it… have you ever taken off quickly in hopes of reaching your goal, only to become distracted or knocked off course prior to reaching your goal? Or come back from a motivation event, only to fizzle after a weeks or days. Or started a diet or athletic training only to lose your interest because your results were slow in materializing. Of course you have… ALL of us have.

Most of us don’t take the path of the tortoise because it’s a slower path that may not be as exciting or adventurous. It’s much sexier to be the hare that is faster, sleeker, and more gregarious.  I challenge you to slow down, be the tortoise and win your race.

Tortoise Tips

• Write your goals down. 
• On paper.
• On purpose. 
• Review them daily.
• Measure them weekly.
• Get an accountability partner. 
• Be flexible.

No matter how many times I have read Aesop’s Fable over the years….the Tortoise ALWAYS wins.

Extremely well cared for and meticulously maintained updated home on a quiet cul-de-sac showcasing hardwoods, granite counter tops, stainless appliances and an amazing kitchen w/large center island. Located on a tree covered oversized lot this rare jewel features five oversized bedrooms, four FULL baths, gameroom and luxurious master retreat with a spa bath. Two bedrooms/two baths down(Perfect for extended stay guests).All this plus park w/pool, tennis, playground. nearby shopping & exemplary schools.

Incredible one level home on a private cul-de-sac backing to 6th tee. Stunning panoramic views up and down world class Jack Nicklaus course. Completed 2006 by Travis Creek Homes this craftsman masterpiece is a one of a kind resort showcasing a spectacular outdoor living area with saline pool/spa, fireplace and entertainment area all surrounded by a lushly landscaped oasis. Interior is a designers paradise featuring four bedrooms, four FULL baths, office/studio, Brazilian cherry floors, Travertine tile and a fabulous chefs dream kitchen. Truly a rare opportunity to own an amazing estate residence in The Hills.

Recently I was surprised to read an article in Newsweek that child identity theft is now one of the fastest-growing segments of ID theft! Children are born without a credit report, so if a child has personally received any of the following then there's a very good chance their ID could easily already have been compromised:

• Credit card offers
• Debt repayment notices
• Letters from the IRS that the Social Security number is a duplicate
• Notification from your health insurer that your child was declined coverage of a procedure because it's already been covered

So how can we protect them?

• Don't give out their birth certificate - even if one is requested by coaches or teachers, make a copy, show it to them, and then put that copy into a sealed envelope for their files.
• Don't let your child have their own Social Security card until they're old enough to understand what it means.
• Keep the amount of information you share about your kids on your social networking sites to a minimum, especially their complete DOB.
• If they have started using social networking themselves, talk to them about the dangers involved in responding to or friending people they don't know.

Every child's credit report should be checked each year when you check your own. It's free, go to www.annualcreditreport.com. In their case, you hope to find nothing!

I final walk thru prior to closing is super important to confirm the buyer truly is receiving the home in the condition agreed.  It is quite a surprise to walk in on moving day all of those things are gone. In addition, the locks on the back door are broken, there is a huge stain on the living room carpet, and the garage opener doesn’t work.

Although this may be extreme, it does happen, which is why it is important to have a final walk thru of the home you are purchasing before the closing. A pre-closing walk thru gives the buyer one last opportunity to verify that they are getting all that was promised in the sales contract. Although buyers still have legal recourse if they discover—even after closing—that the condition of the home is not as it should be, the best time to identify problems is before closing when the seller will be motivated to correct any deficiencies in order to close the transaction.

Typically, a buyer takes possession of a property one to three months after signing the sales agreement. But, a lot can happen before the actual move-in. Appliances and fixtures can break down, and walls, carpets and doors can be damaged during the seller’s move-out. Sometimes the seller will simply have forgotten that he or she has agreed to leave the refrigerator or window coverings with the house. Whatever the reason, problems identified before the closing have the best chance of being remedied.

If possible, schedule the walk thru right before the closing, such as the day before. Ask your real estate professional to attend the inspection with you. What should you be looking for? Using a copy of the sales contract as a checklist, first make sure that all items that should be in place (appliances, built-in furniture, window coverings, fixtures, etc.) are there.

Test each appliance to make sure they work properly. Bring along an electrical clock or radio to test electrical outlets if warranted. Test all electrical switches and the garage door opener, if there is one. Run the garbage disposal and turn on every water faucet, checking under the sinks for leaks. Flush the toilets. Inspect the floors, carpets, walls and doors for recent damage.

If you discover that something is damaged or missing, make a note of it and inform so you and your real estate professional can address the isseu immediately. The seller is usually able to take care of small problems quickly, either by making a needed repair or offering compensation to handle it. And, if there are major problems, the seller can even sign a statement acknowledging the deficiency and agree to correct it. Although preclosing inspections take time and may be inconvenient, they are important and well worth the buyer’s time.