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Fire Pit or Money Pit? Ways to Avoid Overspending

by Rebecca Shahan

Indoor evenings on the couch are so last season. Relaxing around a fire and under the night sky is about to be the place for a perfect night. But a built-in fire pit can cost as much as $4,500 installed. That’s a pricey upgrade.

With these money-saving tips, you can build a fire pit for your home for less than a grand, and still have a fabulous one:

Choose Wood Instead of Gas

Gas fire pits are more expensive because you’ll have to hire a plumber to run the gas line and an electrician to power the pit.

A wood fire pit has none of that cost, which will run at least several hundred dollars. Besides, who doesn’t love the smokey ambiance of a wood fire?

If You Want Gas, Put It Close to Your House

OK, not everyone loves an ashy, smoky fire pit. If you do want the simplicity of gas, you can get it most cheaply by keeping that gas line as short as possible.

The farther from your house that plumber has to run the gas line, the longer he’ll be there. And the longer he’s there, the more it will cost. And remember the electrician you’re going to pay to run wires to power the automatic starter? Same thing.

Skip the Built-In Seating

Those stone benches in a semicircle around a flaming fire pit look like money. That’s because they’re made of it.

Built-in benches that will seat six people with a comfortable amount of personal space can cost as much — or more — as the fire pit itself.

Six resin Adirondack chairs can cost as little as $120. Plus, chairs are easier on your butt as well as your wallet.

Don't Do Custom Anything

You can have a fire pit designed just for you. But unless you’re a trust-funder or just like spending money like one, stick with a contractor’s standard build. Most offer prefab, modular units that cost at least half as much as a custom build.

Go With a Paver Patio

Flagstone gives you the natural beauty of real stone, but it costs $15 to $20 per square foot. Unless you’re making a one-person pit, that will add up. A paver patio looks manufactured, but it costs $6 to $10 per square foot.

Choose a Decomposed Granite Patio (It's the Cheapest!) It looks like sand. It isn’t fancy. But it’s cheap. A pro can lay this stuff for as little as $2 a square foot.

Check back on our blog twice a week for more real estate news, ideas, and local events in Austin and Lake Travis. You can search for the perfect home on our website using our powerful home search tools. You can also get free listing alerts of homes as they hit the market at WelcomeToLakeTravis.com. And you can always feel free to call us at 512-657-4467​ to talk to an experienced agent today.

New or Redo Your Kitchen Cabinets: Options and Costs

by Rebecca Shahan

If you plan to sell your home, you may be considering home improvement projects that can increase the value of your home. Your kitchen is a great place to start.

Refacing kitchen cabinets can make a huge difference in the appeal of your kitchen. Refacing your kitchen cabinets includes covering the exposed frames with a thin veneer of real wood or plastic laminate.

Doors and drawer fronts are replaced to match or complement the new veneer. New hinges, knobs, pulls, and molding complete the transformation.

What are Your Refacing Options?

The options are limitless when it comes to the finished look of your cabinets. You can buy veneers in a wide range of colors, patterns, textures, grains, and more, which you can mix or match to get a relatively low-cost kitchen facelift.

  • Rigid thermofoil (RTF) doors, which feature a durable plastic coating over fiberboard, are an affordable alternative to wood or laminate doors.
  • Plastic laminates come in hundreds of colors and patterns, are durable and moisture-resistant, and are reasonably priced. You can pick matching or contrasting laminates for your doors and drawer fronts.
  • Real wood veneers include many standard species, such as oak, cherry, and maple, and you also can choose from an array of stain colors. Wood veneers are the most expensive option. Wood must be carefully sealed to protect against moisture.

You can further customize and update the look of your cabinets with new kitchen cabinet hardware.

What Does Refacing Cost?

A professional cabinet refacing for a typical 10-foot-by-12-foot kitchen starts at around $1,000 to $3,000 for laminate. Expect to pay $2,500 to $6,000 for real wood veneer. Costs can rise to $7,000 to $9,000 or more for a large project with high-quality wood veneer.

Finishing the project with new hardware (pulls, knobs, hinges) runs $2 to $4 per piece, up to $20 to $50 each for high-end hardware.

In comparison, completely replacing old kitchen cabinets with new cabinets starts at $4,000 to $5,000 and up for stock cabinets; $8,000 to $10,000 for semi-custom cabinets; $16,000 to $20,000 and up for custom-made cabinetry.

How Do I Know If My Cabinets are Good For Refacing?

If your existing cabinet boxes are sound and in good shape, then they should be able to refaced. But if they have water damage, are warped, or have broken frames, refacing is not a good idea.

How are They Installed?

A professional installer will measure your cabinets to see how much veneer is required and how much hardware is needed.

When all the materials are in hand, your installer will remove the old cabinet door and drawer fronts, and prepare the surface of the cabinet boxes by washing the exteriors with a degreaser and lightly sanding the finish. Any significant flaws in the surface should be repaired or filled to ensure a smooth, secure fit for the new veneer.

The installer will apply the veneer to the cabinet faces and any exposed cabinet ends, then mount the new doors, drawer fronts, and hardware. The process typically takes two to four days.

Can I Do Kitchen Cabinet Refacing Myself?

Detailed instructions and adhesive-backed veneers make cabinet refacing a feasible do-it-yourself project.

If you have extra time, patience, the necessary veneering tools, and a knack for precision, you can save money by tackling kitchen cabinet refacing on your own.

If you opt to do your own kitchen cabinet refacing, you’ll spend about $200 to $500 on average for materials. Specialized tools (rollers, blades, irons) add $5 to $60 to the cost.

Check back on our blog twice a week for more real estate news, ideas, and local events in Austin and Lake Travis. You can search for the perfect home on our website using our powerful home search tools. You can also get free listing alerts of homes as they hit the market at WelcomeToLakeTravis.com. And you can always feel free to call us at 512-657-4467​ to talk to an experienced agent today.

Ways to Get Rid of Pet Smells to Help Sell Your Austin Home

by Rebecca Shahan

Pet odors can be a big turnoff for potential buyers in Austin and Lake Travis and could keep your home from selling. Ask your real estate agent or a friend if your home has a pet smell.

If your home does have a pet smell, here's what you can do:

Air Out Your House

This is easy enough. Just open all the windows when you clean to get in all that fresh air. If you have carpets, you will need to shampoo them or have them professionally cleaned.

Once the smell is gone, you'll have to keep on top of the smell until you sell you home. You may have to crate your dog more or keep them outside more often. Limit cats to one room if you can. Remove or replace pet bedding.

Scrub Thoroughly

Bare floors that are soiled by your furry friends can be scrubbed thoroughly with vinegar, wood floor cleaner, or an odor-neutralizing product, which you can purchase at a pet supply store for $10 to $25.

Try a 1:9 bleach-to-water solution on surfaces it won’t damage, like cement floors or walls.

For hard to clean stains, you may have to call in a professional. This may cost more, but it will be worth it when you sell your home.

Wash Your Drapes and Upholstery

Fabrics can really soak up odors. Clean all of your fabric window coverings and steam clean furniture.

Either buy a steam cleaner designed to remove pet hair for around $200 and do the job yourself, or pay a pro. You’ll spend about $40 for an upholstered chair, $100 for a sofa, and $7 for each dining room chair if a pro does your cleaning.

Clean Your Carpets

Carpets and rugs also hold in the odors. You can have a pro do it for you for the most effective results. A professional cleaner may try to sell you deodorizing treatments. You’ll know if you need to spend the extra money on those after the carpet dries and you have a friend perform a sniff test.

If this doesn't get rid of the odor, you may want to think about replacing the offending carpets and padding. And if you do replace them, remember to scrub the subfloor with vinegar or an odor-removing product. But if the smell is in the subfloor, you may even have to replace that as well.

Again, think about cost-to-benefit. How much will you spend vs how much more you can get from the sale of your home.

Paint, Replace, or Seal Walls

If the smell is in the walls and can't be removed with cleaners, then it's time for a fresh coat of paint. Again, in extreme cases, you may have to replace the drywall or wood altogether.

On brick and cement, apply a sealant appropriate for the surface for $25 to $100. That may smother and seal in the odor, keeping it from reemerging.

Control Urine Smells

Indoor pee pads are really not a good idea to start with as far as controlling odors. But if you do use them, make sure you remove them every time Fido goes. And make sure you dispose of them in an outside container. Even if you have a clean one layed out, remove it before each showing.

Replace kitty litter daily, rather than scooping used litter clumps, and sweep up around the litter box. Hide the litter box before each showing.

These all may sound like drastic measures. But in the end, the extra steps will help sell you home faster and for more money.

 

Check back on our blog twice a week for more real estate news, ideas, and local events in Austin and Lake Travis. You can search for the perfect home on our website using our powerful home search tools. You can also get free listing alerts of homes as they hit the market at WelcomeToLakeTravis.com. And you can always feel free to call us at 512-657-4467​ to talk to an experienced agent today.

Questions You Should Ask Before You Move Into Your Home in Austin

by Rebecca Shahan

If you bought a house with no maintenance issues big or small, that would be one for the record books. In reality, most homeowners find a problem, quirk, shortcoming, whatever, within the first couple of months.

And if you’ve already settled in, getting answers to these key questions will help you get to work putting the shine on your castle. Ask the previous owner, your agent, and your new neighbors for helpful answers.

Has There Ever Been a Busted Pipe?

A broken pipe isn’t rare; in fact, water damage caused by a frozen or burst pipe is a leading cause of homeowners insurance claims, at around 22% of all home insurance losses, according to the Insurance Information Institute.

What bursts? Typically exposed water pipes in unheated basements and crawl spaces, along with exterior faucets.

Another prime suspect of water damage: old washing machine hoses.

A good inspector usually can tell if water damage has occurred, and any damage should be disclosed by the previous owner at the time of sale.

The big fallout from water damage is moisture problems you won’t see — behind drywall and trim — which can lead to mold. If you know there’s been a major leak, a mold remediation pro ($200 to $600) will tell you if mold is present and the steps required to remove it.

Any Infestations of Termites, Carpenter Ants, or Other Pests?

This should be disclosed by the previous owner at time of sale. But even if the owner dealt with a past infestation, that doesn’t mean the little buggers have been totally eliminated.

Whatever conditions made your house ripe for infestation in the first place — a slow leak under the house, soft rotting wood that attracts insects — may still be present. Plus, many infestations aren’t confined to one house. It may be a neighborhood-wide problem.

Be proactive, because the average cost of a termite extermination treatment around the perimeter of a 2,500-square-foot house is $1,700 to $3,200. Repairs to wooden framing, sheathing, and siding can run from hundreds to thousands of dollars.

What are Monthly Utility Costs?

You can’t get away from paying utilities, so know what your monthly budget is up against. Be sure to get an average cost — not the lowest monthly bill — and ask when peak months are.

While you’re at it, ask what kind of energy sources your house appliances use — gas, electric, propane, or a combination. That’ll help you understand where you might upgrade to energy-efficient appliances to save energy costs.

Remember that energy savings starts with the simplest of tasks, like sealing air leaks.

Has the Sewer Ever Backed Up?

As properties age and trees and other plants get bigger, roots find their way into sewer lines between a house and the street, causing clogs. It’s a mess for sure, and most homeowner insurance policies don’t cover damage from backed-up sewers.

Plan to have the sewer line cleared (about $150) every other year.

For $40 to $50 per year, you can add an endorsement to your insurance policy to cover damage from a backed-up sewer.

Check back on our blog twice a week for more real estate news, ideas, and local events in Austin and Lake Travis. You can search for the perfect home on our website using our powerful home search tools. You can also get free listing alerts of homes as they hit the market at WelcomeToLakeTravis.com. And you can always feel free to call us at 512-657-4467​ to talk to an experienced agent today.

Celebrate Mother's Day In Austin

by Rebecca Shahan

​Mother's Day is just around the corner on May 12, so if you haven't thought about how to say "thanks" to dear mother, then here's a few events coming up this weekend in Austin that will help make this a day to remember.

Olamaie: Mother’s Day Biscuits

Olamaie is offering specialty boxes of six or 12 biscuits with house-made jam, pimento cheese, and honey butter.

Cats

You have Broadway In Austin to thank for the return of this beloved musical, now featuring "new sound design, direction, and choreography for a new generation."

Giselle

Ballet Austin, accompanied by the Austin Symphony Orchestra, concludes its current season with this 19th-century classic, sure to haunt the majestic Long Center stage and give audiences a good case of the Wilis.

Broad Studios Textile Printing Workshop

Perfect for Mother's Day, attendees will learn methods of block printing and pattern-making. At the end of the class, guests will leave with a pair of textiles perfect for napkins, tea towels, or framed works of art.

Mama's Day Out

A moms-only afternoon featuring margaritas, a braid bar, and a facial mist station, plus a swag bag tailored just to moms. 100% of ticket sales benefit Saint Louise House, a local org providing housing to mothers who are experiencing homelessness.

High Tea For Two

This event for two people includes an owner-guided tour of Nutty Brown Flower Farm, followed by a flower-arrangement demonstration (your mom gets a bouquet for herself!) and then it's time for high tea with delicate finger sandwiches, cakes, and other sweet treats while you customize a wooden box to hold those gorgeous flowers.

Have a Happy Mother's Day in Austin!

Check back on our blog twice a week for more real estate news, ideas, and local events in Austin and Lake Travis. You can search for the perfect home on our website using our powerful home search tools. You can also get free listing alerts of homes as they hit the market at WelcomeToLakeTravis.com. And you can always feel free to call us at 512-657-4467​ to talk to an experienced agent today.

Common Myths That Are Costing You Time and Money

by Rebecca Shahan

You can’t swing a tool belt without hitting a website or TV network offering tips on taking care of your digs. Save money by watering your lawn at night! No, water it in the morning! No, dig it up and replace it with a drought-hardy meadow!

Throw in the info you pick up from well-meaning friends and there’s a sea of home care truisms out there, some of which can sink your budget.

Stone Countertops Are Indestructible

Marble, quartz, travertine, soapstone, and limestone can all be stained. Regular household cleaners can dull their surfaces over time. And marble is maddeningly fragile — it’s the prima donna of stone.

It’s easy to scratch. It’s easy to stain. Here’s the worst part: Mildly acidic substances like soda, coffee, lemon juice, even hard water will eat into marble, creating a cloudy, dull spot in a process known as etching.

Spill a glass of wine on a marble counter and go to bed without cleaning it, the next morning you’ll have a problem. And while stone counters won’t crack under a hot pot, such direct heat can discolor quartz or marble. So be nice to your counters, no matter what they’re made of. And note that the best rock for your buck is granite. It doesn’t stain or scratch. It’s tough because it’s volcanic rock. Which means it can stand up to all the merlot and barbecue sauce you can spill on it.

Your Smoke Detector's Test Button Is Foolproof

The test button doesn’t tell you what you really need to know. Yes, check your smoke detector twice a year. But all that test button will tell you is whether the alarm sound is working, not if the sensor that detects smoke is working. Pretty key difference there.

The best way to check your device is with real smoke. Light a long, wooden kitchen match, blow it out, and hold it near the unit. If the smoke sets off the alarm, it’s working. If not, replace the batteries. If it still doesn’t work, you need a new smoke detector. And replace those batteries once a year anyway, because dead batteries are the No. 1 reason smoke detectors fail.

A Lemon Is a Great Way to Clean a Disposal

 While wanting to use natural cleaners is admirable, all of them will damage your disposal and pipes over time.

The lemon’s acidic juice will corrode the metal parts of your disposal. The mixture of salt and ice contains metal-eating acid, too. The coffee grounds are abrasive enough to clean the gunk off the blades and make it smell like a cup of americano, but they’ll accumulate in pipes and clog them.

The best natural cleaner for your disposal is good old baking soda. It’s mildly abrasive so it will clean the blades, but it’s a base, not an acid, and won’t damage the metal. Best of all, a box with enough baking soda big enough to clean your disposal twice costs less than a buck.

Check back on our blog twice a week for more real estate news, ideas, and local events in Austin and Lake Travis. You can search for the perfect home on our website using our powerful home search tools. You can also get free listing alerts of homes as they hit the market at WelcomeToLakeTravis.com. And you can always feel free to call us at 512-657-4467​ to talk to an experienced agent today.

Tips to Determine How Much Mortgage You Can Afford

by Rebecca Shahan

Owning a home should give you safety and security, and that includes being financially secure. Before you buy a home, you should calculate how much you can afford for a mortgage and make sure it fits safely withing your budget.

Prepare a Detailed Budget

The standard rule of thumb says that you can afford a home that costs 2 to 3 times your gross income for one year. In other words, if you earn $100,000 in a year, you should be able to afford a home between $200k to $300k.

There is one problem with this rule. It doesn't factor in your monthly expenses and debts. If we use our previous example of $100k per year income, and you have $1000 monthly debt payments, this leaves you with less money to pay the mortgage.

You should prepare a family budget that takes into account your ongoing monthly bills for everything — credit cards, car and student loans, lunch at work, day care, date night, vacations, and savings.

Now you can see what's left to cover the costs of owning a home, such as your mortgage, property taxes, insurance, maintenance, utilities, and community association fees, if applicable.

Factor in Your Downpayment

Having enough for a down payment is also an important factor to consider. It's simple: the higher the down payment, the lower your monthly mortgage costs will be. If you put down at least 20% of the home’s cost, you may not have to get private mortgage insurance, which protects the lender if you default and costs hundreds each month. That leaves more money for your mortgage payment.

The lower your down payment, the higher the loan amount you’ll need to qualify for and the higher your monthly mortgage payment.

But, if interest rates and/or home prices are rising and you wait to buy until you accumulate a bigger downpayment, you may end up paying more for your home.

Consider Your Overall Debt

Lenders generally follow the 43% rule. Your monthly mortgage payments covering your home loan principal, interest, taxes and insurance, plus all your other bills, like car loans, utilities, and credit cards, shouldn’t exceed 43% of your gross annual income.

Here’s an example of how the 43% calculation works for a home buyer making $100,000 a year before taxes:

  1. Your gross annual income is $100,000.
  2. Multiply $100,000 by 43% to get $43,000 in annual income.
  3. Divide $43,000 by 12 months to convert the annual 43% limit into a monthly upper limit of $3,583.
  4. All your monthly bills including your potential mortgage can’t go above $3,583 per month.

You might find a lender willing to give you a mortgage with a payment that goes above the 43% line, but consider carefully before you take it.

Use Your Rent as a Mortgage Guide

If you currently are renting, then you can use an online calculator to compare the costs of renting vs owning a home to see which makes the most sense for your financial situation.

If you’re struggling to keep up with your rent, buy a home that will give you the same payment rather than going up to a higher monthly payment. You’ll have additional costs for home ownership that your landlord now covers, like property taxes and repairs. If there’s no room in your budget for those extras, you could become financially stressed.

Also consider whether or not you’ll itemize your deductions. If you take the standard deduction, you can’t also deduct mortgage interest payments. Talking to a tax adviser, or using a tax software program to do a “what if” tax return, can help you see your tax situation more clearly.

Check back on our blog twice a week for more real estate news, ideas, and local events in Austin and Lake Travis. You can search for the perfect home on our website using our powerful home search tools. You can also get free listing alerts of homes as they hit the market at WelcomeToLakeTravis.com. And you can always feel free to call us at 512-657-4467​ to talk to an experienced agent today.

Negotiate Your Best House Buy in Austin and Lake Travis

by Rebecca Shahan

There can be a lot of emotional moments when buying a home in Lake Travis and Austin. But negotiating a price doesn't have to me emotional. You just need to stick to the plan. Your agent will guide you through this potentially turbulent time. Your agent may offer advice, but in the end, you're the one who makes the final decision.

Here are six tips for negotiating the best price on a home.

Get Prequalified for a Mortgage

When you prequalify for a mortgage, it shows seller that you mean business and can afford to buy their home. This also puts you ahead of those buyers who may not be prequalified.

Ask Questions

Questions are your best friend. You need to know many things about the home and seller your interested in. What's the seller's motivation for selling? What is their financial position? Are they facing foreclosure or a short sale? Have they already purchased a home or relocated, which may make them eager to accept a lower price to avoid paying two mortgages? Has the home been on the market for a long time, or was it just listed? Have there been other offers? If so, why did they fall through? The more signs that sellers are eager to sell, the lower your offer can reasonably go.

Work Back From a Final Price to Determine Your Initial Offer

You should know in advance what you're willing to pay. Then you can work back from that number to make an initial offer. If you bid too low, you may offend the seller. If you bid too high, you may end up spending more than you need to.

You agent can work with you to compare homes in area that have sold recently to come to a fair initial offer.

Avoid Contingencies

Sellers don't like taking chances. Nobody does for that matter. So keep the bid free of complicated contingencies, such as making the purchase conditional on the sale of your current home. Try to keep contingencies for mortgage approval, home inspection, and environmental checks typical in your area, like radon.

Remain Unemotional

Remember that buying a home is a business deal. Treat it that way. Consider any movement by the sellers, however slight, a sign of interest, and keep negotiating.

Each time you make a concession, ask for one in return. If the sellers ask you to boost your price, ask them to contribute to closing costs or pay for a home warranty. If sellers won’t budge, make it clear you’re willing to walk away; they may get nervous and accept your offer.

Don't Let Competition Change Your Plan

Great homes and those competitively priced can draw multiple offers in any market. Don’t let competition propel you to go beyond your predetermined price or agree to concessions — such as waiving an inspection — that aren’t in your best interest.

Check back on our blog twice a week for more real estate news, ideas, and local events in Austin and Lake Travis. You can search for the perfect home on our website using our powerful home search tools. You can also get free listing alerts of homes as they hit the market at WelcomeToLakeTravis.com. And you can always feel free to call us at 512-657-4467​ to talk to an experienced agent today.

FInd Your Piece of the Past in Austin's Antique Shops

by Rebecca Shahan

One of the many great things about Austin Texas is its rich history.  And the many great antiques stores located in Austin let you purchase a piece of that past. Austin is an antique collector’s dream come true.  All the antique stores and dealers are located walking distance or a short drive from each other, so you can literally spend all day perusing the treasures they contain.  You’ll not only find tons of antiques from the Austin and Texas area, but from around the world.  And it’s the perfect way to find unique items to decorate your new home in Austin or Lake Travis. Here’s a short list of some of the best antique stores in Austin to get you started on your journey through time.

The Austin Antique Mall

The ideal first stop on your antique shopping list in Austin, the Austin Antique Mall houses over 100 vendors.  For over 30 years, antique collectors have been exploring the largest selection of antiques and furniture in Austin.  You’ll also find items such as military memorabilia, crystal, toys, sports items, china, and just about anything else you can imagine.

Uncommon Objects

This quirky shop focuses on unique collectables, taxidermy, gadgets and more. With 24 vendors, it makes for a more intimate shopping experience, described as "your eccentric uncle’s attic on steroids." You’ll also find folk arts and parlor crafts from around the world.

Jean-Marc Fray French Antiques

If you prefer antiques with an international flavor, then Jean-Marc Fray French Antiques is an excellent place to find the perfect French and Italian antiques from the 18th – 20th centuries.  They specialize in fine furniture, lighting, and items perfect for  decorating your home in Austin.

Antique Marketplace

Antique Marketplace offers a unique mix of American and European Antiques, featuring art, furniture clocks, potter, and much more.

Other antique dealers in Austin include Antiques & Things, Antique Swan, Room Service Vintage, Out of the Past Collectibles, just to name a few.

Check back each week on our blog for more great reasons to buy a home in Austin. You can search for the perfect home on our website using our powerful home search tools. You can also get free listing alerts of homes as they hit the market at WelcomeToLakeTravis.com. And you can always feel free to call us at 512-657-4467​ to talk to an experienced agent today.

Tips for Buying a Foreclosure Home

by Rebecca Shahan

When a home is foreclosed, the bank or lender wants to get it sold as quick as they can. Lenders are not in the real estate business, so they will use a real estate agent to market the property. You can also buy a foreclosed home through the multiple listing service, but that can be filled with problems. Here's 4 tips to help you buy a foreclosed home.

1. Choose a foreclosure sale expert. 

Lenders will usually sell a foreclosed home through a real estate agent. We can help you find foreclosed homes for sale.

As real estate experts, we have experience selling foreclosed properties and can guide you through the process.

2. Work with your agent to set a price. 

Ask your real estate agent to show you closed sales of comparable homes, which you can use to set your price. Start with an amount well under market value because the lender may be in a hurry to get rid of the home.

3. Get your financing in order. 

Many mortgage market players, such as Fannie Mae, require buyers to submit financing preapproval letters with a purchase offer. They’ll also reject all contingencies. Since most foreclosed homes are vacant, closings can be quick. Make sure you have the cash you’ll need to close your purchase.

4. Expect an as-is sale.

Most homeowners stopped maintaining their home long before they could no longer make mortgage payments. Be sure to have enough money left after the sale to make at least minor, and sometimes substantive, repairs.

Although lenders may do minor cosmetic repairs to make foreclosed homes more marketable, they won’t give you credits for repair costs (or make additional repairs) because they’ve already factored the property’s condition into their asking price.

Lenders will also require that you purchase the home “as is,” which means in its current condition. Protect yourself by ordering a home inspection to uncover the true condition of the property, getting a pest inspection, and purchasing a home warranty.

Be sure you also do all the environmental testing that’s common to your region to find hazards such as radon, mold, lead-based paint, or underground storage tanks.

Check back on our blog twice a week for more real estate news, ideas, and local events in Austin and Lake Travis. You can search for the perfect home on our website using our powerful home search tools. You can also get free listing alerts of homes as they hit the market at WelcomeToLakeTravis.com. And you can always feel free to call us at 512-657-4467​ to talk to an experienced agent today.

Displaying blog entries 1-10 of 220