Austin Real Estate Blog - Austin Housing Market Blog

5 Great Ways to Enjoy the Outdoors in Leander and Cedar Park

Looking for ways to enjoy the outdoors in Cedar Park and Leander? Both of these cities offer numerous opportunities. Here is a quick list of some of the finest outdoor adventures that area residents will enjoy.

1. Lake Travis Zipline Adventure

For thrill seekers, the Lake Travis Zipline Adventure is certainly worth a look. This complex boasts the longest zipline in Texas with tours that last for three hours, swinging adventurers out over Lake Travis itself. With five different ziplines to try, once people get a taste of the high-flying action, they will doubtless return for another weekend of fun.

2. Brushy Creek Trail in Leander

Homeowners in Leander that enjoy a quieter experience will love the Brushy Creek...

Austin Buyers Searching Outside City Limits for Great Homes

There's a lot of benefits to living within the city limits of Austin. The growing population consists of many residents who have called Austin home for many years. The economy is strong and the jobs are plentiful, particularly in the tech sector, which is enjoying a notable expansion in the community. Large, luxurious homes are scattered throughout charming neighborhoods, each with their own authentic flavor and atmosphere.

In short, it's great to be living in Austin, but for many buyers, avoiding the higher prices of real estate in the city is a priority. Month after month, prices continue to rise and despite increasing inventory levels, many homes are still hard to catch. This is leaving an increasing number of buyers looking toward the suburbs – and they're liking what they see. 

According to the Austin Culture Map, the...

What are Home Buying Contingencies?

Purchasing a home is a unique consumer experience. It’s not the same as purchasing just about any other product since you’re not able to “return it” like you would with, say, a smartphone. Because of the legal and financial process involved with transferring property, contingencies are imperative for both buyers and sellers alike.

Contingencies are contractual obligations the seller and buyer must fulfil prior to the close of escrow. Essentially, contingencies are a way “out” should one or more of them not be met by either party. They also serve as a form of consumer protection in the event the home inspection produces a report of any major issues.

So, what are the Different Types of Contingencies?

While not an exhaustive list, there are several common...

Travel Back in Time on the Austin Steam Train in Cedar Park

There are lots of great ways to spend the afternoon in the Cedar Park real estate market. The Austin Steam Train, operated by the Austin Steam Train Association, comes highly recommended. The Association’s goal is to preserve the history of steam engines and railroad technology from the steam era. In accomplishing this task, they’ve pressed trains in operation, allowing visitors to stop by and take a ride through history on any day of the week.

The Austin Steam Train Association: History and Facts

The ASTA’s train crews are fully staffed by trained volunteers who have a passion for railroad history. The Hill Country Flyer, which was the first historic train run by the ASTA, made its first journey on July 25, 1992, running between Cedar Park and Burnet.

A year later, a 16-acre rail yard ...

Selling an Austin Home: How to Get Top Dollar for Your Property

Real estate has long been heralded as one of the best investments to make, and it's one of the largest financial assets that many people have. Home sellers in Austin don't just want to sell – they want to sell high. The goal of most real estate transactions is to earn the most significant return possible while also securing a new home that fits your needs and desires.

The current market conditions in Austin are pretty much ideal for sellers. The average listing price is around $588,000, and home values have risen steadily over the last several months. Inventory is not as low as it is in other parts of the country, but there's an influx of buyers heading to the city for the powerful, high-paying tech jobs that are available. This means that move-in ready property is in high demand, and these buyers are willing to pay more to get what they...

How are Home Inspectors Regulated?

There is a mixture of excitement and a bit of anxiety when purchasing a home. Paperwork, loan qualifications, purchase offers, and the escrow process all need to be navigated with a keen eye for detail. Add to this the maintenance and repair responsibilities that home ownership requires, and it’s easy to feel overwhelmed.

With this in mind, the importance of a home inspection prior to purchase cannot be overstated. A thorough examination of a home’s condition can make or break a home sale and is a primary contingency for many mortgage lenders – issues such as a poor foundation or damaged roof can seriously alter the course of the deal when uncovered. Real estate agents and brokers often have specific home inspectors they’ve successfully worked with in the past. However, it’s important for both the buyer and seller to understand how home inspectors are regulated in ...

Visit the Texas Museum of Science and Technology in Cedar Park

At the Texas Museum of Science and Technology, there is something for everyone of all ages to experience. This museum is located right in Cedar Park on Toro Grande Boulevard and it is open each day of the week, though hours vary depending on the day. Here, Cedar Park residents will find a wide variety of programs to attend as well as several permanent exhibits and a few temporary exhibits depending on the collections that the Museum has on loan. Here are some of the programs and exhibits that are always available!

Go on the Timewalk at the Museum

One of the most popular exhibitions is the Timewalk exhibit, a tour through ancient history that people of all ages, from youngsters to adults, will find interesting. The Museum has a large...

Looking for Land? Austin Market Shows an Increase in Land Sales

Known for its seismic proportions, it's hard to imagine that Texas could get any bigger. But growth is evident across the state, from its thriving local economies to its influx of out-of-state residents looking to relocate to the Lone Star State. Homes are barely listed on the real estate market before they are snatched up by anxious buyers looking to get their hands on the hot property in Austin and other metropolitan areas in Texas.

While it's not surprising that home sales are on the rise, many industry insiders are surprised that Austin and the surrounding region are in the lead with the number of land sales that have taken place in the last year. It appears that buyers are starting to push the city limits and expand outward, purchasing rural land when possible in order to build their dream property in an ideal location.

What to Know About Land...

Tee Off at Crystal Falls Golf Club in Leander

Leander is known for its wonderful park system along with lots of great opportunities for recreation. One of those opportunities is the Crystal Falls Golf Club, a facility that is owned and operated by the city of Leander. This beautifully manicured property has a lot to offer area residents — not just golfing, but other activities as well. Read on to see why this is one of Leander’s top attractions!

18 Holes at Crystal Falls

The Crystal Falls Golf Course has been billed as one of the most scenic courses in Central Texas, certainly as the most beautiful of all public golf courses. There are 18 holes divided into a front nine and back nine complete with water features and all of the...

Austin Ranks as Top Market for Commercial Real Estate

Austin is poised to have a record-breaking year for real estate. The city is experiencing a population boom with no end in sight, driven largely by the technology sector that continues to bring more jobs to the region. The economy is strong, anchored by a diverse range of industries and job opportunities. And many of the residents are ready to purchase homes that appeal to their tastes.

While many of the real estate headlines are focusing on the residential housing market in Austin, it should also be noted that the commercial real estate market is thriving. In fact, according to an article published in The Business Journals, Austin has one of the top 5 commercial real estate markets in the country. 

What's Driving the Commercial Real Estate Market in Austin?

Austin is one of two cities in Texas that topped the list for the 5 hottest commercial...

With $1.2B in Home Sales, Austin Celebrates Record-Breaking Month

The Austin real estate market has been steadily growing for some time, but in May 2017 the market escalated past a huge threshold — a $1.2 billion threshold, to be exact. The Austin Board of Realtors released its monthly report regarding May 2017 home sales, which revealed that the market topped $1.2 billion in sales in just one month for the first time.

This figure is generating buzz amongst those involved in the real estate market, particularly investors and agents who work with property owners to help them get the most out of their real estate investment.

What Does This Mean for Home Sellers?

Home sellers should be overjoyed at this recent data, which proves that real estate will continue to be in high demand and that home prices will continue to skyrocket. For property owners...

How do Interest Rates Affect the Price of a Home?

“Interest

Interest rates are a fundamental consideration when buying a home - particularly when a buyer is financing through a traditional mortgage lender (as opposed to the seller carrying the note).

In short, interest rates will, ultimately, affect the price of the home as they are an added cost for obtaining a mortgage. Therefore, understanding several aspects of economics – as tied to interest rates – can save a buyer thousands of dollars (if not more).

To better understand how interest rates may apply to your specific situation, speak with your lender and/or financial advisor.

Interest rate basics

Quite simply, interest rates are a specific amount a lender charges to borrow an...