Entries Tagged as 'austin real estate'

Green By Design Workshop Aug 16th 2008

Green by Design Workshop
Saturday, August 16th , 8:30 am - 4:30 pm
Austin Energy Green Building™ holds its one-day Green by Design workshop four times a year. Austinites preparing to build, buy, or remodel a home can learn how to improve energy and water efficiency, increase comfort, and reduce maintenance.

This workshop will give you an overview of the green building process. You’ll come away with a framework for making better design and building decisions, including:

·Assessing what your family needs in a home
·Choosing a designer and builder
·Selecting a lot or making the most of the one you have
·Increasing comfort and reducing utility bills
·Making smart material and appliance choices
·Developing a beautiful landscape that saves water, time, and money
·Creating a home that benefits your family and the planet

Lady Bird Johnson Wildflower Center
4801 la Crosse Ave
Austin, Texas 78739
Click here for directions

To register for the workshop:
Print the Registration Form (pdf) and fax to (512) 482-5441; or e-mail to register.
Registration fee is $35 per person.

Deadline for registration: Wednesday, August 13, by 5:00 p.m. Sorry, there is no registration at the door.

Click here for more information about this event

Austin Housing Market Update: May 2008 Statistics

Austin Real Estate Market Report for June 2008

May housing statistics are out for Austin and there are no huge surprises unless you’ve had your head too far into national news.  Here in Austin, the housing market remains healthy and numbers are closely relating to those we saw in 2005 — a healthy year in Austin.  Keep in mind that 2006 and most of 2007 was a boom period for Austin, especially in dense areas like downtown and central Austin (Hyde Park, Brentwood, Allandale, Crestview, Rosedale, etc).  Although we currently have 5.7 months of inventory, this is not a sign of a crashing market, only a buyer’s market.

Those who will see the most benefit from our current market conditions are those relocating to Austin.  These buyers can find a great deal in Austin that is likely to appreciate well.

Another group that can do well in today’s market is the move-up buyer group.  If you are moving from a lower-valued home into a higher-valued one, you can reap the benefits of this rare buyer’s market in Austin.  Just be sure to take into consideration the amount of time and effort that will go into selling the home that you are moving out of.  It may take longer than expected to sell your home so be sure that you can afford both mortgages before you buy your new home.  And if you expect to bring in top-dollar, realize that in many areas of Austin, especially suburbs like Round Rock, there is a large amount of inventory.  That means more competition for your listing.  You’ve seen it on shows like HGTV’s “Designed to Sell,” homes that are prepared for sale get much more attention.  I recommend hiring help if doing it yourself is overwhelming.

Overall, there is no reason to panic over what the media is feeding you.  It is rare that Austin sees a buyer’s market, so take advantage if you are considering an investment in Austin’s real estate or even a second home as deals on new condo developments become easier to find.

As always, these statistics can be found in more detail at http://liveaustinrealestate.com/statistics

These statistics are from the Texas A&M Real Estate Center and include more comprehensive data than the Austin Board of Realtors MLS system.  If you have any questions, call or email!

New Simple Austin Homes MLS Property Search

This website contains a simple Austin property search feature free of charge without asking you to register.  But if the need for an even simpler site strikes you, I’d like to introduce you to one of my latest projects, AustinRealEstateSearch.org.  As always, I don’t ask you for any personal information to use my property searches and you can search for all property types supported in the Austin MLS system which covers Austin and surrounding areas and counties.

Austin Real Estate Home and Property Search

This site allows you to search Residential, Multi-Family, Lease, Farms/Ranch/Acreage, Lots, Commercial, and Commercial Lease listings by all members of the Austin Board of REALTORS®.  This extensive search site should be in your arsenal because it’s free with no registration required.  You can search in total privacy with no BS and no used-home-sales tactics.  It’s the information you need on a simple site dedicated to providing you with the search information you need.

I will have more focused website projects coming out soon.  Check back or subscrive to my Austin real estate RSS feeds.

Zip Codes Matter

Schools are very important factors in real estate investing because a home in a well-performing zip code retain their value better than those in a less-desirable school’s area.  This goes beyond zip code, but zip codes are an easy way to measure local mini-markets.  For example, in Hyde Park, a home in the 4600 block in the Lee Elementary boundary holds its value better than a home in the 4700 block where children are in the Ridgetop Elementary district.  Just like in Westlake where a home in the Eanes ISD often out-performs a home in the Austin ISD.

It’s just one of many factors that strengthen your selling power.  If you’d like to discuss this further, email me or contact me through another method listed to the right.

From the Wall Street Journal:

Is Google Taking Over The World?

I’ve had an influx of emails from other local Realtors® lately asking why I use one service or another. First of all, I’m a very frugal person. Stay tuned for Monday’s post for more on that topic. I search high and low for the best resources to use on my site that will provide you, the visitor, with information that will aid you in your quest for understanding our market and finding not only the perfect property, but also the perfect deal.

I find that many real estate agents spend more time worrying about their PageRank and keywords than they do about aiding buyers and sellers in real estate transactions. No matter what business you’re in, don’t let Image Credit: Future NowGoogle take over. After all, the Google code of conduct is simply “Don’t be Evil.” Google may not be evil. After all, the corporate mission statement is “to organize the world’s information and make it universally accessible and useful.” But not everyone plays by the rules, and certainly not everyone conducts business in an ethical way. And Google knows this, which is why the complex algorithms that Google employs are constantly updated and tweeked. The best site is not always the site with the best financial backing or the one that hired a firm for their Google placement.  In fact, most firms that claim to be able to improve your PageRank can’t and really have no intention of doing so.  Even those who are valid companies can only improve your rankings if you have a legitimate site, right?  It’s supposed to all be about content and often it is.  Corporations are learning how to trick Google in order to be placed higher in search results while Google in turn works to improve algorithms to compete these tricks.  It’s a constant battle, and the deeper into bed a company gets with Google, the less (I would guess) that Google would care even though that is a tad evil.  But they are, indeed, first and foremost, a mass-advertising company.  Spend a ton of money with Google and viola, better results for less work (albeit more money).  The image credit for the photo in this paragraph goes to Future Now.

So how does this relate to the emails I receive from other agents and the third-party services on my website?  Real estate is a maliciously competitive industry, especially in these times when agents need to actually work their asses off to make a buck.  Many agents spend countless hours optimizing their sites for Google and many spend thousands of dollars on services promising to do this for them.  The key to high placement in Google appears to be a great combination of keyword-dense articles and links pointing to the site, but Search Engine Optimization, or SEO, cannot be learned in one day and techniques are dynamically changing constantly.

Although this site officially launched as LiveAustinRealEstate.com early this past May, it is already climbing in popularity and Google, as well as my competition, as taken notice.  I have a large amount of agent traffic coming from various agent resource sites that I am active with.  Everyone likes to see what is on other agents’ websites to get ideas for how to improve on their own (naturally).

Here’s where Trulia comes in.  I use Trulia for both the resources on their website as well as for features on my own website.  First of all, Trulia provides me with listing RSS feeds which even our own national, state, and local board of Realtors® won’t do.  I’d love to feature listings from austinhomesearch.com or realtor.com, but the National Association of Realtors® (NAR) is stingy and won’t provide me with this tool.  Using Trulia’s RSS feed sends them traffic and creates links to their site from mine, thus boosting their apparent usefulness and popularity with Google and ranking them higher among your search results.  In addition to Trulia’s RSS feeds, I also use a free widget that displays a graph of home sales.  Although their statistics aren’t as accurate as those from NAR, the Austin Board of Realtors® (ABOR), or Texas A&M, these organizations do not provide me with a quick and easy way to get you, the consumer, the information.  I have a new system in the works, but have been unable to complete the project because my first priority in my business is my clients.  I have some incredible (but challenging) listings right now that need all the exposure that I can get them and I have buyers with some challenging goals and needs.

In addition to the services on my site, Trulia’s strategic methods to place high in a Google search make me want to promote my listings with them.  In fact, all of my listings are featured with Trulia among many other services.  They do a great job of helping me insure that my listings are found by buyers searching in Google and other search engines.

Like Trulia, RealBird has tools that help me run my business effectively and efficiently.  It saves me time by again, providing me with an RSS feed of my listings as well as great listing websites that I can create quickly and efficiently.  These tools allow me to spend my time with more activities, such as promoting my listings and their websites through various other services, my own website, and through my network.  To see what these site look like, visit my 2012 Cueva de Oro, Austin, Tx  78746 listing site.  Their templates are far superior to other sites and aside from that, they don’t charge me an arm and a leg for this service.  I receive so many solicitations for the “best” service out there for Realtors® you wouldn’t believe it.  They all just want a piece of my pocket, and like I said earlier, I’m frugal and spend each penny carefully.  I want the best return for my dollar because it’s the best return for my clients as well.

In addition to the RSS feeds and listing websites, RealBird offers several widgets and services.  One that I use is their map view of my listings.  I find this extremely useful for my website because it provides a quick overview of what I have to offer the consumer and they can quickly link to more information about these properties via my listing websites.

And there are others, like the Altos Research graph at the top of the sidebar, but Trulia and RealBird are the ones I am most frequently asked about.

Agents ask me why I link back to these services without using a “nofollow” tag.  I feel it is ethical to link back to a website providing me and my consumers with a service.  Sure, it may give them a higher Google ranking, but I feel they’ve earned it.  I’ve been working on some widgets myself, and you’d better believe that they will link back to my site for the work I put into coding them!  So many people feel that they should have something for nothing; a mentality that I believe is encouraged by the vast amount of free information to be gained on the internet.  I may be stubborn, but I’m sticking to my principles on this one.  If a site deserves it, I believe that it will have a consistent ranking earned through organic means.  Some site may be at the top now, but they won’t necessarily sustain that placement.  You have to earn your placement as well as the right to stay there.

And if I ever use anything of value from you or your website, you will get proper credit!

In my business I put my clients and prospective clients first.  That means marketing properties and delivering pertinent and useful information first.  I firmly believe that this mentality is what has me climbing the Google ladder and that it will keep me there as long as I work as hard as I do to keep my priorities in aliment with my future success.

My business is still referral-based and I plan on keeping it that way. When my business becomes Google-based, I’m letting Google run my business.  Google doesn’t know Austin Real Estate, just where to find information about it.  They don’t do the real work in my business I do.  It’s still about the services I provide, which includes but is not limited to optimizing listings for search engine placement.

Further Reading
Google, stop lying to us

Now have a great weekend!

Homeowners & Renters See The World Through Different Lenses

Renters have a different view of real estate economy than homeowners.


Source: PEW Research Center

It seems that renters are much more pessimistic about rising home prices. I’m not sure of the participants in this study were planning on buying a home in the near future, but this study does show something interesting about how you see the market when you own property versus when your at the mercy of a landlord.

More renters believe home prices are rising.

Are they pessimistic about their buying power? They may be feeling left out of the prosperity homeowners found during the boom years leading up to our current conditions.

Renters aren’t worried about the housing economy.

Renters expect prices to climb more than homeowners do. So why aren’t they buying? First-time home-buyers are seeing harder times with mortgage woes. It takes some patience and hard work to get a home loan, and perhaps renters aren’t willing to go through with it.

Americans are not optimistic about the economy.


Source: PEW Research Center

Yet this study is extremely interesting. We saw some of the greatest appreciations in Austin real estate in 2006. Many people sold out to collect their equity while late-comers created a building and flipping surge, especially in central Austin real estate. 2007 was much slower than 2006, especially in the last two quarters. Yet, the number of those who believe the economy is in poor shape has not increased as dramatically as I would expect. I think this shows how pessimistic people are about the economy anyway. We live in a fairly prosperous country and Austin has a steady growth rate which leads to steady real estate prices, yet I would expect similar numbers on a local study based on the fears and questions I receive.

Is this thing on?

I still wonder if anyone can actually hear me. Don’t be afraid to buy. We are currently in a RARE buyer’s market here in the Austin real estate market and at the same time, interest rates are at HISTORIC lows. I’m shopping for real estate in Austin now so don’t blame me if you don’t get in on this buyer’s market! Get your head out of that national news paper, turn off CNN, and get real. We’ve seen studies showing that people think the bottom is falling out of the American economy for years and it hasn’t. In fact, the primary reason for the housing slowdown and the buyer’s market here in Austin is the attitudes of people, not actual economic fact. Now that sellers are getting real, take a chance and think about investing in Austin’s real estate market. I’ll show you how!

How much is your home worth?

Sites like Zillow claim to be an authority on home values, but are they truly friend or foe?

I know it’s easy to visit the sites that say “We can give you the true value of your home,” but take the information you see with a grain of salt.  They are based on tax records which is old and often inaccurate information.  Here’s why:

  1. Tax records are past values. Think about it, 2009 tax appraisals in Austin just went out.  Do they really know what your home will be worth at the end of the year?  No, they are guessing what your home will be worth on December 31, 2008 based on data from 2007 and 2008.
  2. Tax records are inaccurate values. Tax Appraisers are overworked and cannot possibly spend the time necessary for an accurate value.  They don’t know what your home looks like inside and they have access to limited data since Texas law does not require the disclosure of sales prices.
  3. Tax values can fought. Ever hear what Michael Dell pays in property taxes for his home each year?  Let’s put it this way, it’s WAY less than you think and likely less than what you pay.  There are exemptions and many ways to fight the values to keep it low (and owe less taxes).  I successfully fought my appraised value to keep my taxes low as well.
  4. Tax values can be high. Those that do not fight their taxes are often paying more than they need to.  The Tax Appraiser’s Office knows little about your home and takes measurements from the outside to determine the size.  Do you have a vaulted ceiling?  It may be counted as 2nd-story square footage.  Some homes are also taxed in the wrong district.

So calculations based on tax values are inaccurate, but Zillow and others do take other factors into account such as sales and list prices.  Still, these are often skewed as statistics often are because they depend on steady data — which we do not have in a fluctuating market.

What’s the best way to find the value of your home?  Hire an expert. Sounds simple, but I know many of you are on the fence about the value of Real Estate Professionals.  First, know that you don’t have to list with someone to get a value opinion.  Ask if how much they charge for a Broker Price Opinion (BPO); something usually used by banks for properties they own because the professional is out in the market daily and can view the property inside and out.  Don’t forget about Appraisers, although they will likely give you a different number so I suggest hiring both.

REALTORS® should use tax data (lightly, because it is OLD & inaccurate data), recent sales (old data, but better), and other active and pending sales.  They will take everything into account from your upgraded appliances to storage shed to any improvements that need to be made.  And above that, they can give you an objective opinion on what will be the best moves to bring your home more value for less money.

If you do want to take the stress out of selling your home by hiring a pro, interview agents before you commit.  Don’t just pick the first one you find.  But that’s an entirely different topic so I’ll cover it later.

For the record, I looked up some properties I know well because I have worked with them in the past couple months.

Property A’s Market Value: $758,00 - Zillow Zestimate: $639,000
Property B’s Market Value: $427,000 - Zillow Zestimate: $400,000
Property C’s Market Value: $486,000 - Zillow Zestimate: $569,000

If you want a ballpark, try these services.  Once you get serious, turn to the experts!