Posts Tagged austin real estate

The Community of Rollingwood

Rollingwood is a small city three miles west of downtown Austin, with a population of around 1400 residents at the time of the 2000 census. There were about 489 households reported in Rollingwood at the time of the recent census, and 413 families called Rollingwood home during the census of 2000 as well. The area of Rollingwood is less than a mile square, with about .7 of a square mile being the estimated size. The racial makeup is roughly 96% white with the difference being comprised of various ethnicities, including Native American, Hispanic, and Asian Americans, among other cultures. 74% of the residents of the city are married, and the average household size is about 2.89 people. The average age of the population is slightly older than average for Texas, with the median age being 42 and about 30 percent of the inhabitants being under 18 years old. There is a slightly larger percentage of women than men in the Rollingwood area, which is close to the city of Bee Caves in the hill country west of Austin and nearby Lake Travis. The average income in the area is about $111,000 per household, with the city being in the Eanes Independent School District.

The median home price in Rollingwood is about $369,000, which is significantly higher than the average for Texas homes in general. The community is on the south and west side of both Lake Austin and Lake Travis, and many homes have lake views or lake front access, which accounts to some degree for the higher home values, in addition to the quality of the homes. Only five percent of the residents rent their accommodations, which is a much lower percentage than Texas in general, which is closer to thirty-six percent occupied by renters, and the housing density is 732 homes or condos per square mile in the city of Rollingwood. Median rent in Rollingwood in the year 2000 was $1700, and the median price advertised for homes and condos which were vacant and available at the time was $187,000, also in the year 2000.

The Barton Creek Square Mall is adjacent to the city of Bee Caves, which is just south of Rollingwood, and the mall offers various fine shopping establishments including Nordstrom’s, Penney’s, Macy’s, Dillard’s, Sear’s, and numerous other stores, restaurants, and a movie theater, and the mall is less than five minutes away for most residents of Rollingwood as well as Bee Caves and West Lake Hills, and easily accessible since Rollingwood is directly off the MoPac. The Barton Creek communities, Lakeway, and other south Lake Travis communities are also just a short drive from the city via R.R. 2244, also known as Bee Caves Road.

Rollingwood is a fairly new community, developed in 1955 by George B. Hatley, and the community was incorporated as a municipality in May of 1963, when a mayor-council form of government was established. It is considered a residential suburb of Austin, but has its own police department and a volunteer fire department as well.

In addition to many fine homes for sale or rent, there are numerous vacation rentals available for those who enjoy the hill country in the Rollingwood community, as well as cabins by the lake, condos, bed and breakfast inns and corporate apartments for the business traveler or resident, among many family-oriented resorts and hotels in or around the city. Rollingwood’s gently rolling hills, winding roads, majestic sunrises and sunsets, and beautiful scenery make it an ideal community for those who love nature and all of the advantages of living near the water, but who also need the proximity of the downtown area, which is barely a ten minute drive from Rollingwood, even during peak traffic. Rollingwood is a perfect community for those who want a balance of convenience, natural beauty, and nearby amenities, so be sure to visit Rollingwood when in the Austin area!

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Useless Real Estate Middle Men And How To Avoid Them!

How do HomeGain, Realtor.com, Service Magic and other companies like this make money? These companies are called lead generation companies. They spend vast amounts of money advertising on TV, the Internet, radio, and in print so that you?ll go to their website to find information about real estate. When you click on a property and request information the company then either sells the lead at a fee ranging from $20-$50 for an unqualified lead or up to a 35% referral fee for leads that are more valuable.

What does the company do for the fee charged? The answer might be pretty surprising. They don?t do anything, but forward the lead to a service provider. Yep, that?s right. You can search the MLS on any number of free websites so the website they provide is little more than a mechanism to get your information. Some people think agents, contractors, or other service providers are overpaid for what they do. Take a look at these companies and ask yourself if forwarding an email is worth $1500 (That?s the commission split they would receive on the sale of a $150,000 home.).

Who pays the fees that these companies charge? For the most part, the Realtor, mortgage broker or other service provider pays for these leads. The laws of business provide that you can?t get something for nothing. This is very true. So by adding no value to the transaction and taking up to 35% of the payment for service, the middle-man is taking value from both the consumer and the service provider.

Why is this bad for consumers? In real estate like many other service industries, the best Realtors obtain their business through referrals. The weaker, newer, less experienced agents typically buy leads from sources such as these. The next time you visit a site like these lead generators, think twice about giving them your information and go directly to the source. You?ll cut out the middle-man and get a better agent for your hard earned dollar.

Joe Cline is a professional real estate broker, investor, and REALTOR with Coldwell Banker in Austin, Texas. Joe believes in providing world-class service to his clients through educating and coaching them through their real estate transactions.

Joe\’s committment to education and service is reinforced by his achievement and participation in the Austin Board of Realtors, Council of Residential Specialists, Accredited Buyer\’s Representative\’s Council, Texas Association of Realtors, and National Association of Realtors.

Joe holds his Broker\’s license, the Accredited Buyer\’s Representative designation, the Certified Residential Specialist designation, the Certified Home Marketing Specialist designation, Cendant Mobility Marketing Specialist designation and the Cendant Mobility Referral Specialist desgination.

You can find out more about Joe and Austin real estate at Joe Cline\’s personal website http://www.joecline.com

Writen By : Joe Cline

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The Retirement Community of Sun City Texas

Sun City is a retirement community located in Georgetown. It is not the normal retirement home or community. This community offers its residents small town charm, but just minutes from Austin. Sun City was also recently named one of the nations top retirement communities by Retirement Places Rated, a guidebook for seniors wanting to relocate upon retirement.

Its location is excellent, and has extremely affordable cost of living and tax advantages. Currently Sun City has about 5,500 homes and plans to expand to 7,500 homes by 2012-2013.

Most of the homes in Sun City range in price beginning around $100,000- up to $500,000. The sizes vary, but average size is between 1300 square feet to 2800 square feet.

Sun City has many amenities for active seniors to enjoy upon their retirement; tennis courts, three championship golf courses, swimming pools, miles of walking trails and much more.

Sun City also has a community center for residents. The Village Center spans an amazing 86,000 square feet, and is home to many indoor amenities such as art classes, a woodshop which is equipped with all the tools and machinery needed to build something simple or something more complex.

There is also a 5,000 square foot open air legacy pavilion, called Legacy Hills Pavilion. This pavilion over looks Berry Creek Lake and is where many neighborhood gatherings happen. There are many hiking trails in the area and the views and scenery make it very popular.

There is also a computer lab and over 30 clubs. Residents can play dominos, crochet, play bingo or just sit back and visit with other residents. The community also has its own lifestyle director to help residents adjust to their new life, whether they just moved to Sun City or if they have been here for awhile and just never had time for activities.

Sun City also has its own restaurant, Sparky’s. It is perfect for residents who are too busy to cook or just want to grab a quick bite to eat without having to drive far.

For residents who are concerned with health issues and transportation the community has nearby medical facilities such as Scott & White Medical Clinic and Georgetown Hospital. Transportation is provided by CARTS, and provides curb side service on Tuesdays and Thursdays.

The community also has many parks for residents to enjoy, with plenty of places to sit and have a picnic or just enjoy the Texas scenery.

Sun City is for adults age 55 and over, and is an alternative to living in a retirement home or living alone in a neighborhood. Sun City gives its residents the security they need, while living an active lifestyle.
For seniors who are not sure if Sun City is right for them, they also have a two night weekend getaway. Potential residents can visit the community and see if it is something they would enjoy, without the pressure to move in.

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How to Buy a Home Without a Down Payment

There’s an old television program that aired in the 1960′s called Hogan’s Heroes. Sgt. Schultz (John Banner) was one of the main characters. His constant exclamation throughout his tenure on this show was, “I know nothing!” Is that where you are in regards to how to buy a home without a down payment? If so, you are about to become educated.

Believe it or not, if you have decent credit and sometimes even if you don’t! you have alternatives as to how to purchase a home without a down payment. Look at the following examples:
- VA Foreclosure Loans – What’s unique about these loans is that anyone can buy a VA foreclosed home with no-money down. You can find VA foreclosures through local real estate listing agencies, typically members of Multiple Listing Service (MLS). You can also do a search on the Internet for VA home foreclosures. You’ll find plenty. VA sells their own repossessed homes. If you are not a veteran or on active duty, however, you won’t be able to get a VA loan. Instead, you’ll be required to obtain your own conventional or FHA financing. Still, there is no down payment required.

- Owner Financing – owner agrees to be your mortgage holder. You reach an agreed-upon price with the property owner. A legally binding agreement is drawn up that includes everything a mortgage loan would include as far as price, duration of loan, interest rate and loan payments. The property owner accepts payments from you just like a bank or mortgage company would for a traditional loan. You are considered the owner of the home, since your name is on the title/deed, along with the mortgage holder as the lien holder.

- Assume a Mortgage – Some owners are having a very difficult time selling their homes due to the mortgage crisis. Many are willing to allow a buyer to assume their mortgage in order to get it sold. This allows them to get out of the mortgage to a certain extent and purchase another home. Of course, there are requirements that the buyer must meet before the mortgage company will allow the assumption. In order to assume a home loan you must qualify for the loan and pay closing costs.

- Lease/Purchase – This has been a popular one for years. You find property you are interested in not only renting, but buying. Sometimes property will be advertised as such. There are various approaches to this option.

- Owner agrees to accept all rent payments over a specified time period in exchange for a down payment. At the end of the specified time period you will have to obtain your own loan to pay for the remaining agreed-upon sale price of the property.

- Owner agrees to accept part of the rent payment over a specified time period in exchange for a down payment. At the end of the specified time period you will have to obtain your own loan for the remaining agree-upon sale price of the property.

- Owner agrees to lease the home to you at a discounted rate, and you agree to obtain a loan to buy the home at a specific price within a specific timeframe. The agreed upon price is typically more than if you were paying the market amount for rental.

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