Join Us! Another South Austin Open House! Saturday 9/5/2015 11:00am-3:00pm

Join us for another OPEN HOUSE in South Austin!

We held this open last Saturday and had a wonderful turn out. However, this home is still waiting for a new owner!

When: Saturday 9/5/2015 11:00am-3:00pm

Where: 1133 Salem Park Ct. Austin, TX 78745

Click here for details

Click for details

This home features 2 bedrooms, 2 full baths, granite counter-tops, and an open floorpan. Built in 2010, you will enjoy the many upgrades and energy efficiency of a newer home. The seller just installed a $30,000 solar energy system. Electric bills are $0!!

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South Austin OPEN HOUSE: 1133 Salem Park Ct., Austin, TX 78745 – Sat. 8/29 11am-3pm

Join us for another OPEN HOUSE in South Austin!

Fron2 Kitchen Backyard Solar

When: Saturday Aug.29 11:00am-3:00pm

Where: 1133 Salem Park Ct. Austin, TX 78745

Just around the corner from Strange Brew off Wm.Cannon and Manchaca. This home comes loaded with SOLAR PANELS (home is almost completely off the electric grid), upgrades, and a beautifully landscaped backyard. With 2 bedrooms, 2 full baths, this is the perfect starter home in a great location. Come check it out!

Click here for more listing information 

OPEN HOUSE in South Austin off Manchaca & Stassney

Friends, Family, Neighbors – YOU’RE INVITED!

Where: 2011 Southern Oaks Dr. Austin, TX 78745

When: Sunday Aug.16 11:00am-3:00pm

Beautifully remodeled 3 bed/2 bath in South Austin. Can’t beat the location, can’t beat the lot. Just 1 mile south of Ben White, off Manchaca and Stassney and behind the famed “Strange Brew” coffee shop. This home sits on a very large corner lot, with large, mature trees. At just under 1,700 sq.ft., this is the perfect starter home for the aspiring Austinite. Come on out! 🙂

Is it your day off??? Visit my OPEN HOUSE today: Hill Country Views!

MLS Info

17021 Rush Pea Cir. Austin, TX 78738

Asking $670,000

5 Bedroom/5 Bath

Open House Here until 4:00pm Today

Perched upon a Hilltop with unobstructed Texas Hill Country Views & Amazing Sunsets. Great entertainment home, Covered Veranda w Fireplace wired for TV. Large backyard overlooking greenbelt, plenty of room for Pool & Play. Open floor plan with Master, Guest and Office down, 3 additional bed & baths up along with Media and Family Room. Gourmet Kitchen, Butlers Pantry, Soaring Ceilings, 2 Staircases, Wood Floors, Alder Cabinets, Granite Counters, Community Pool & Park & 300 acres of Hike & Bike Trails.

Complete listing information available here

Is it time to sell? Click here for a free home evaluation.

 

OPEN HOUSE: Hill Country Views! – Saturday 3/29 Starting at 12:00pm

blog_photo

17021 Rush Pea Cir. Austin, TX 78738

Asking $670,000

5 Bedroom/5 Bath

Open House Starts at 12:00pm on Sat. 3/29

Perched upon a Hilltop with unobstructed Texas Hill Country Views & Amazing Sunsets. Great entertainment home, Covered Veranda w Fireplace wired for TV. Large backyard overlooking greenbelt, plenty of room for Pool & Play. Open floor plan with Master, Guest and Office down, 3 additional bed & baths up along with Media and Family Room. Gourmet Kitchen, Butlers Pantry, Soaring Ceilings, 2 Staircases, Wood Floors, Alder Cabinets, Granite Counters, Community Pool & Park & 300 acres of Hike & Bike Trails.

Complete listing information available here

Is it time to sell? Click here for a free home evaluation.

 

Homes for Sale in Pflugerville TX

The following are full details and all photos of all available homes in and around Pflugerville TX. For sale property information is a direct feed from Austin Board of Realtors MLS and is updated several times daily. You’re invited to leave comments and questions. Pflugerville Water TowerPflugerville TX is a fast growing city home to just over 51,000 people. This suburb borders the Austin city limits to the north and is contained mostly in Travis County with parts in neighboring Williamson County. Downtown Austin is an easy 20 minute commute down IH35. Pflugerville is one of many municipalities along IH35 where commuters can easily travel to-and-from Austin, Round Rock, Georgetown, Waco, Killeen and is home to several major employers such as Dell. Many residents choose to live in Pflugerville because they can enjoy lower living costs (for the most part) and a more family-centric environment, while still having easy access to. Austin.   Visit my site for a list of all available properties in the area. Pflugervile Location Map Most homes in Pflugerville can be found in large subdivision developments, featuring efficient, newer build homes on the on both sides of IH35. The heavily traveled IH35 just to the west.

Is it time to sell your house in Pflugerville?  Request a FREE custom evaluation for your Property in Pflugerville TX.

Housing Market Pflugerville TX 78660

In 2013 1413 Homes sold in Pflugerville. That’s up from 1096 Homes sold in 2012.

2013 Housing Prices in Pflugerville TX 78660

Sqft List Price Sold Price SP/SqFt
Min 929 $30,000 $30,000 $18.56
Max 5,618 $529,000 $430,655 $145.50
Avg 2,185 $192,725 $184,438 $87.49

2012 Housing Prices in Pflugerville TX 78660

Sqft List Price Sold Price $/SqFt
Min 875 $54,900 $52,699 $35.40
Max 4,732 $495,000 $465,000 $194.56
Avg 2,136 $168,311 $165,022 $79.20

2013 Market Insider Pflugerville TX 78660:

Market Trends in the AreaMarket Insider

According to Market Insider, median list prices in Pflugerville TX are around $198,8400 depending on size and condition. Homes are selling on average within 60 days and only 4% of the properties are considered vacant (11% below the national average). About 71% of the homes are owned and about 24% are rented.

Community Info

Schools serving Pflugerville TX are all part of Pflugerville ISD The quality of a school can greatly influence home values in an area.

Access detailed information on Pflugerville TX  school ratings, test scores by grade, student-teacher ratio, and much more.

Gain valuable insight into the Pflugerville TX 78660 community by looking at household incomes, crime risk, education levels attained, and potential for extreme weather. Use the map to locate points of interest like shopping, restaurants, and health care services.

The official Website for the City of Pflugerville TX can be found here. This website contains information regarding job postings, utilities, and other city services.

-Thank you for reading this latest blog on Homes for Sale Pflugerville TX-

I invite you to leave comments below and share. I respond promptly. see more at: http://JTresidential.wordpress.com

I also invite you search for listings, sign up to receive free listing alerts, and search for more free information at my website: www.JTresidential.com

Homes for Sale in SoCo: Austin TX 78704

The following are full details and all photos of all available homes in and around SoCo in Austin TX 78704. For sale property information is a direct feed from Austin Board of Realtors MLS and is updated several times daily. You’re invited to leave comments and questions.

View from SoCoMost Austinites can attest that SoCo (South Congress) is one of the most popular areas in Austin these days. Located on South Congress just south of the river and downtown, SoCo is considered to span between Barton Springs Rd. & Elizabeth St. However, to many people SoCo may encompass most of the 78704 zip code. This area includes Barton Springs, Zilker Park, Palmer Events Center, Auditorium Shores, Bouldin Subdivision, Travis Heights, Travis High School, parts of S. 1st, Riverside, and Manchaca Rd, all the way down to Oltorf, St. Edwards University, and Ben White Blvd.  Visit my site for a list of all available properties in the area.

SoCo MapEverything from upscale condos to brand new contemporary homes can be found in this area. However, most homes are either old, eclectic homes that are either renovated or still original.

Is it time to sell your house in Buda?  Request a FREE custom evaluation for your Property in SoCo Austin TX 78704.

Housing Market in SoCo Austin TX 78704

In 2013 801 condos and homes sold in the 78704/ SoCo area. That’s a sharp increase from 640 sold in 2012.

2013 Housing Prices in SoCo Austin TX 78704

Sqft List Price Sold Price $/SqFt
Min 408 $87,700 $88,000 $125.00
Max 4,279 $4,000,000 $1,350,000 $702.64
Avg 1,471 $416,863 $398,366 $276.10

2012 Housing Prices in SoCo Austin TX 78704

Sqft List Price Sold Price $/SqFt
Min 399 $49,900 $56,000 $89.52
Max 4,486 $1,100,000 $1,075,000 $479.84
Avg 1,555 $385,122 $375,421 $244.45

Market Insider2013 Market Insider SoCo Austin TX 78704:

Market Trends in the Area

According to Market Insider, median list prices in SoCo Austin TX 78704 are around $455,640 depending on size and condition. Homes are selling on average within 62 days and only 9% of the properties are considered vacant. Around 30% of the homes are owned while around 61% are rented.

Community Info

Schools serving SoCo / Austin TX 78704 are all part of Austin ISD

The quality of a school can greatly influence home values in an area. Access detailed information on SoCo / Austin  TX 78704  school ratings, test scores by grade, student-teacher ratio, and much more.

Gain valuable insight into the SoCo / Austin TX 78704 community by looking at household incomes, crime risk, education levels attained, and potential for extreme weather. Use the map to locate points of interest like shopping, restaurants, and health care services.

The official Website for the City of Austin TX can be found here. This website contains information regarding job postings, utilities, and other city services.

-Thank you for reading this latest blog on Homes for Sale SoCo Austin  TX 78704-

You’re invited to leave comments, questions, and share this blog below.

see more at: http://JTresidential.wordpress.com

You’re welcome to sign up for free information at my website: www.JTresidential.com. You can use it to find current homes for sale, for free!

Financing for your real estate investments: HARD MONEY LENDERS

Throughout the years I’ve spent as a real estate agent, I’ve seen several methods people use to invest in real estate. Some investors choose to buy property to renovate then flip, or sell at a higher value. Others choose to buy, hold onto, and rent and enjoy the monthly income. Some investors use their cash to purchase these properties, but most will use financing (or someone else’s money). I will stop short of telling you about what “ABC Bank” or “ABC Mortgage” have to offer because there so many out there. One innovative way that I’m seeing more investors use to finance their properties is HARD MONEY.

After Repair Value (ARV)

Hard money lenders are third parties, private lenders who, for the most part, don’t base your ability to finance solely on your credit, assets, or even your ability to make your payments. They are more concerned about the After Repair Value (ARV). After Repair Value pertains to a property’s current value in its current condition vs. its potential value once it’s renovated

Simple scenario:

Hypothetically, lets say you choose to buy and invest in a property. Said property is currently worth $100,000 in it’s current condition. Most comparable homes in the same neighborhood are selling for $200,000 (move-in ready). The subject property needs about $40,000 in repairs. Most hard money lenders will finance up to 70% of a property’s after repair value. This property’s potential value is $200,000 if homes in the neighborhood are selling around $200,000. The lender may finance up to $140,000 (70% of $200,000). That gives you $140,000 in cash to purchase the home. Out of the $140,000 cash that the hard money lender finances you, you buy the property at $100,000 and spend $40,000 to renovate. Let’s say you put the property for sale at $200,000 with a realtor to maximize the home’s potential to profit, and it sells for $200,000. After the closing of the sale, you pay back the $140,000 loan to the hard money lender. Sold at $200,000 – $140,000 loan = $60,000 in your pocket. (This doesn’t take into account origination fees)

This is the hard money loan in its simplest form. Additional charges with hard money loans include a higher interest rate. I’ve seen hard money lenders charge 10%-18% interest on their loans, at 3-6 points (3%-6% down payment). Yes it’s high, but remember, the investor isn’t trying to live in this property for 30 years. The purpose is to finance an investment, renovate it, and sell as quickly as possible. If a borrower cannot do this in a reasonable amount of time, the costs add up. Time = Money Lost. Typically, hard money lenders will require a borrower to have the ability to convert the loan to conventional financing from a bank/mortgage lender within a year if they aren’t able to sell. Word to the wise: Rehab and sell as quickly as possible. I also didn’t take into account any Realtor fees that may apply when you list your property.

One wonderful thing to consider with Hard Money Loans is the ease of obtaining them. Usually they’ll take 7-14 days to finance without the red tape and appraisals that regular mortgages require. Whenever you purchase a property using hard money, it is essentially a cash transaction for all intents to the seller.

This example is just one variation of hard money lending. The process and numbers vary from lender to lender, and situation to situation. This is just one common way that I’ve seen here in Austin.

Some of the most common properties investors tend to purchase for flip and/or rent are foreclosures. Visit my foreclosure blog for more information on these great properties with high equity potential.

Contact me if you’re looking for a hard money lender to use in the Austin and surrounding areas.

You’re invited to leave comments below. Feel free to ask questions, or chime in on how you were able to use hard money to flip your property.

You’re welcome to visit my website to find properties to flip

*I am a real estate agent and I do not claim to be a mortgage officer. Just the messenger of good news*