Posts tagged ‘austin real estate’

Things I Observed at the Cool House Tour Today

 cool house

  • A 2,000 gallon rainwater tank, galvanized, is a beautiful thing
  • Federal tax credits for energy efficiency are worthy of more research (did Congress extend the bunch that expired the end of 2011?)
  • We should look into geothermal
  • Utility bills consistently under $100 are doable
  • Take your utility savings & apply that to your mortgage premium
  • Off-the-grid as a retirement / fixed-income strategy
  • Take advantage of prevailing winds, build that in to the design
  • Carports are in
  • Carports with a garage door are brilliant; it’s like a skort, an illusion hiding some functionality   
  • Micro-manage the tree removal process; owner on-site
  • The Mini Cooper is good in a crowd

Here is the Statesman photo collection for the event:  http://galleries.statesman.com/gallery/cool-house-tour-053112/#538658

Some favs:

Cool House Tour 060312 005 Cool Homes Tour 060312 014 KDavisEMFranklin0712 SkortStorage

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June 4, 2012 at 1:46 am 1 comment

Northwest Hills vs. Great Hills

This article is the smackdown between the north of 360 (Great Hills) and south of 360 (Northwest Hills) neighborhoods.

Continue Reading February 11, 2010 at 10:46 am 2 comments

Homebuyer Tax Credits at a Glance

The worker, Homeownership and Business Assistance Act of 2009 has extended the tax credit of up to $8000 for qualified first-time buyers purchasing a principal residence. It also authorized a tax credit of up to $6,500 for qualified repeat home buyers. Are you eligible? Check the full requirements at www.federalhousingtaxcredit.com or your tax advisor and then give us a call.

 

 

$8,000 First-Time

Home Buyer Tax Credit

 

$6,500 Move-Up/Repeat

Home Buyer Tax Credit

 

  • The $8,000 tax credit is for the first-time home buyers only. The IRS defines a first-time buyer as someone who has not owned a principal residence during the 3 year period prior to the purchase.
  • The tax credit does not have to be repaid unless the home ceases to become the primary residence within 3 years.
  • The tax credit is equal to 10% of the home’s purchase price up to a maximum of $8,000.
  • The tax credit applies only to homes prices at $800,000 or less.
  • The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding contract is signed by April 30, 2010 a home purchase completed by June 30, 2010 will qualify.
  • For homes purchase on or after January 1, 2009 and on or before November 6, 2009, the income limits are $75,000 for single taxpayers and $150,000 for married couples filing jointly.
  • For homes purchased after November 6, 2009 and on or before April 30, 2010, single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.

 

 

  • To be eligible to claim the tax credit, buyers must first have owned and lived in their previous home for five consecutive years out of the last eight years.
  • The tax credit does not have to be repaid unless the home ceases to become the primary residence within three years.
  • The tax credit is equal to 10% of the home’s purchase price up to a maximum of $6,500.
  • The tax credit applies only to homes priced at $800,000 or less.
  • The credit is available for homes purchased after November 6, 2009 and on or before April 30, 2010. However, in cases where a binding contract is signed by April 30, 2010 a home purchase completed by June 30, 2010 will qualify.
  •  Single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.

 

 

 

© Julie Nelson and The Nelson Project at Keller Williams Reatly, 2008-2010. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Julie Nelson and The Nelson Project at Keller Williams Realty with appropriate and specific direction to the original content.

December 3, 2009 at 1:04 pm 2 comments

Allandale vs. Northwest Hills

Northwest Hills is Allandale with hills, limestone, better schools & higher property values.

Continue Reading November 30, 2009 at 4:18 pm 4 comments

Austin Condo Review: Brazos Place Lofts

austin-brazos-place-condos

 

Austin Condo Review:  Brazos Place Lofts

Snapshot & Observations

 

 

Brazos Place Lofts

8th & Brazos – 800 Brazos

 

Brazos Place Lofts is a luxury condo conversion in the heart of downtown.  Built in 1948, it was the Commodore Perry Hotel and was converted from hotel to office (1984) and to condo in 2007. 

 

Location:  close to the Capital, some north or west facing have a Capital view, east has a view of the Omni Hotel and an historic church.  The views are very urban (lots of downtown office space).  Not to be confused with the Brazos Lofts on E. 5th which is a low-rise 1930’s radiator shop / cab company conversion (how’s that for a colorful past?).

 

Features:  open living, polished concrete floors, finished ceilings, private rooftop terraces.

Amenities:  well-equipped fitness facilitly, valet, 24-hour concierge.

Parking is in a separate building but valet service is provided.

 

Prices & availability … today (12.3.08) there are 4 listed for sale:

            #1210 – 623 sqft for $259k

            #804 – 723 sqft for $276k

            #1302 – 802 sqft for $345k

            #1400 – the penthouse, 2745 sqft for $1.575M

 

This information is based on our research and is subject to change.  Call or email us for the latest availability or showings.  We have access to pretty much every condo downtown and will be happy to help you assess your options. 

 

The Nelson Project

Keller Williams Realty – Austin, TX 

512.633.6643

© Julie Nelson and The Nelson Project at Keller Williams Reatly, 2008-2010. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Julie Nelson and The Nelson Project at Keller Williams Realty with appropriate and specific direction to the original content.

December 4, 2008 at 5:40 pm Leave a comment

Good News for Austin

Austin SkylineTop 10 Most Promising Housing Markets

Housing Predictor, which provides housing forecasts in 250 markets, has identified 10 markets where the regional economies are healthy and have strong potential for increasing prosperity.

These housing markets have bucked the national trend in 2008 and avoided the subprime crisis, the consultancy says.

Whatever the future holds for the housing market as a whole, Housing Predictor forecasts that these cities will continue to see steady, dependable growth.

Top cities and the percentage sales prices have increased so far in 2008.

  • Biloxi, Miss., 4.9 percent
  • Salem, Ore., 4.7 percent
  • Bismarck, N.D., 4.6 percent
  • Spokane, Wash., 4.4 percent
  • Yakima, Wash., 4.1 percent
  • Austin, Texas, 4.0 percent
  • Grand Junction, Colo., 4.0 percent
  • Fargo, N.D., 4.0 percent
  • Mobile, Ala., 3.9 percent
  • Albuquerque, N.M., 3.5 percent

Source: Housing Predictor (11/15/08)

 

© Julie Nelson and The Nelson Project at Keller Williams Reatly, 2008-2010. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Julie Nelson and The Nelson Project at Keller Williams Realty with appropriate and specific direction to the original content.

November 20, 2008 at 7:59 pm 1 comment

FANNIE AND FREDDIE, WHAT HAS BECOME OF YOU???

– from one of our favorite mortgage voices, David Reed, CD Reed Mortgage Bankers, Austin

Fannie Mae and Freddie Mac, those two corporations that you and I bought over the weekend, were really an odd bird to begin with.  Fannie was formed in 1938, refurbished in 1968 then Freddie joined along for the ride in 1970.

What made them odd was that while they were profit-oriented corporations, they were sponsored by the Federal Government.  While there was no specific government guarantee of their success, the mere fact that these corporations were sponsored by the government implied the government would guarantee them should they ever get in trouble.

Safe investment, backed by the US government.  Nice work if you can get it.

The Bush administration, and others, have long called for the privatization of Fannie Mae and Freddie Mac and releasing the so-called “government sponsorship.” 
Why?

Fannie and Freddie were gambling with other people’s money.  If they were a “normal” corporation, without any government “backing” they would have been a tad more prudent with their bets.  What sort of bets?

Earlier this decade, investment bankers like Bear Stearns, Lehman and others, invented the “alternative” mortgage market.  Those were the pay option ARMs, “stated” loans and no down payment loans.

Subprime loans also began to make a big splash.  No one wanted to be left out of the housing market.

Fannie and Freddie suddenly began to lose loads of market share, so they decided they’d play the alternative and subprime game.

Fannie and Freddie got into a game they should have never gotten into.  Of course, this is all in hindsight.

While the amount of those alternative and subprime loans made up a very small amount of either’s portfolio it was enough to spook the markets.  Their stock values got pounded.  While they both had enough required reserves, investors lost confidence in them.

Both were recently given an opportunity to raise capital but with all the noise from the press and other pundits it’s kinda hard to raise money when everyone is talking smack about you.

The government moved in, which surprised me, but apparently there was no other choice.  The shoe had to drop one way or the other.

September 12, 2008 at 4:16 pm Leave a comment

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