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Archive for Texas Real Estate
Nov
11
No Shirts Lost in Austin
Posted by: | CommentsAustin Safe High Return Investments
Once again, the fair city of Austin, Texas, has hit one of the nation’s top ten lists and this time it is good news for home owners. Yes, it has finally been declared on a nationwide chart that Austin has a less than one per cent chance of seeing a decline in realty prices in the next two years.
Of course, local realtors have been heard expounding the steadiness of the Austin realty market before, but this time it’s from an independent company that is not selling real estate. In fact, the company responsible for compiling the chart actually insures mortgages.
Unfortunately for some, there is also a bottom of the list – in fact, the list starts with American cities rated with a one per cent reckoning that an area will not de-value in the next two years and moves all the way up to as high as a ninety-four per cent chance that it will.
Yes, Austin, you are up there at the top of the list! Consequently, any home owners who were worried about moving – well, if it is a local move – then go for it.
In fact, five different Texan cities were amongst the top ten who had a less than one per cent chance of decline in the realty market, so you can actually move around a bit.
Investors in real estate who have a daring streak may be interested in knowing which areas do not have such a sunny outlook. Several cities in the USA have been given a high chance of realty markets declining over the next two years. Some investors like to keep an eye on these types of opportunities and when the realty prices bottom out – they pounce.
It is perhaps fair to add that most of the towns at the bottom end are the ones whose prices ‘zipped’ right up in the boom era, whereas cities like Austin have continually increased at a steady pace.
This list of cities could be considered to be fairly unbiased, as it has been compiled by a nationwide company who needs to protect itself against loss. The company, PMI, this week published their national ‘risk list’, which ranks cities of America by the relative riskiness of owning a property in the main realty markets.
The company needs this kind of analysis – albeit the information is guesswork and projected analysis – before they decide whether or not to underwrite a home loan. However, for real estate investors, and those wondering if they should buy and where, it is another little tidbit to throw into the formula of where might be a good place to buy realty.
The top ten riskiest markets were all high flyers during the crazy boom – PMI lists the states California, Arizona, Nevada and Florida. The riskiest place in the nation right now, according to PMI is in California. Riverside-Bernardino is given a 94% chance of suffering declining prices. Las Vegas is a surprising close second on the table, with an 89% chance of declining in value.
Arizona is next up, with Phoenix and Mesa coming in at 83%. Los Angeles is next with a 79% ranking and Fort Lauderdale is at 78%.
These are the nation’s top possibilities for decline in house prices in the opinion of PMI. It is probably not too surprising to anyone that the Lone Star state is carrying a lot of the success stories on the real estate chart.
If you are a more conservative investor, and you look for steady markets with solid employment and cash-flow backgrounds, you may be interested in PMI’s ’safe’ investment areas.
Reasons for so many Texan cities being cited may be partly because the whole of the state of Texas’s economy is growing and it has maintained moderate residential prices, but also it never did get caught up in the crazy boom of the last few years.
Among good steady investment towns alongside Austin are Dallas, Fort Worth, Houston and San Antonio. However, Texas does not hold the only top honors; the east coast also gets a good rating. Other cities with a less than one percent chance of realty price decline are listed as: Pittsburgh, Pennsylvania, Charlotte, North Carolina and Kansas City, Missouri.
Texas Safe High Return Investments
Nov
05
Texas Real Estate: Great Spot for Seniors and Retires
Posted by: | CommentsAustin Safe High Return Investments
Texas is one of the most popular retirement states because many seniors prefer living in areas where the climate is warm. With their arthritis kicking in, elderly people prefer to settle down in places where they can relax under the sun. For those who are planning to invest in Texas Real Estate, particularly in retirement homes, the time is right for buying properties. It is important to note that the prices of retirement Properties in Texas and other states have fallen tremendously. But even if there is a chance that the prices might still contract in the future, the decline will not be that significant anymore.Not all Texas real estate is a good investment for seniors. There will always be retirement homes and properties that are not properly maintained. Besides, homes that require down payment of less than USD 100 may be too good to be true. In reality, these homes have several problems which may include pest infestation, leaky roof, and back taxes. So the first thing you need to consider when buying a retirement home (or other types of property) is the location and not the price. Is the senior community that you are planning to invest in located near the city downtown or other venues of entertainment? Is it easily accessible by all forms of transportation?Aside from location, you also need to check out the property itself and see how the community is run. There are many Texas real estate bargains nowadays, but you will end up spending more if the home you acquire is unlivable. Make sure to check the premises personally. See if the community is clean and well run. Ensure that there are plenty of activities for seniors. Also, have somebody who is knowledgeable about construction or home improvement to check the condition of the roofing, walls, electricity, water, drains and other important matters. Remember that there are so many homes to choose from. Hence, do not ever settle for something that is not in tiptop condition.As more baby boomers are set to retire, there is actually a rise in the development of new retirement communities in Texas. So, if you are not keen on old Real Estate in Texas, you can always check out the new ones being built. With the decline in the prices of homes, you can surely find a bargain home even in new communities being developed for retirees. By the way, even if you are not yet a senior and you still have no plans of retiring, you can always make retirement homes as a viable investment. As mentioned earlier, more Americans are approaching retirement age, so you can always resell your Texas real estate later on.I appreciate you as a client and a friend. I appreciate your business, your loyalty, trust and your referrals. It is my goal to provide the very best counsel, advice and service possible for your real estate needs. If I may ever be of assistance to you, a relative, friend or co-worker please don’t hesitate to call me. I look forward to the opportunity to serve youHave questions, need advice you can count on or just want to discuss this further? Don’t waste any more time; pick up the phone and call me now! I’m here to help!Author: Herb C. Jahnke
Insight Advisors offers a full range of Texas Real Estate services to local, national and international clients, owners and investors. If you are looking for Austin Real Estate or Texas Homes for Sale, just contact us. We will find it for you!
Texas Safe High Return Investments
Nov
04
Austin Real Estate: Vacation Homes as a Good Investment
Posted by: | CommentsAustin Safe High Return Investments
Buying a second home is at the back of many people’s minds. After paying off the mortgage of your first home, it is but natural to consider getting another home in an area that is beautiful and picturesque, just like Austin, Texas. A few years ago, getting Property in Austin can be very hard on the pocket. However, because of the slowdown in the housing market, even prime locations are now affordable and within reach of anyone who has a stable job. Furthermore, second homes, particularly those that are near lakes, mountains, and beaches are a good investment. You can always sell these properties at a big profit in the future when the housing market situation has normalized.But before signing the deed on the first Austin real estate you see, it is best that you take some time in checking out the property first. Many vacation destinations are desolate and depressing during off-peak season. Unless you are interested in a place that is deafeningly silent, you would need to make sure that the property you are buying or considering in Austin is bustling with people even during the off-peak season. Besides, if you plan to resell the property for profit, you have to be certain that the area you are going to invest in is attractive even during the lean months.One mistake that many people commit is to buy the cheapest property in the market. Although there are many ridiculously cheap Austin real estate properties for sale, particularly in online auctions, these may not be a good investment. Chances are, you will have to worry about spending more on repairs and other maintenance costs to make a cheap piece of real estate fit for you and your family. It is perfectly all right to look for a bargain, but if the price is too good to be true, then you have to think many times over before you commit to the sale.There are some other important things that you want to consider in a vacation home. The Austin real estate property that you buy should have at least two baths and two bedrooms. So that if you will invite friends and families over, there will be ample space for everyone. Besides, if you plan to put up your home in vacation rental sites, most tourists prefer two-bedroom villas or residences. Although homes in remote areas can be mysterious and exciting, it is not really very practical. Thus, if you are buying a Vacation Home in Austin, ensure that it is accessible by public transport.I appreciate you as a client and a friend. I appreciate your business, your loyalty, trust and your referrals. It is my goal to provide the very best counsel, advice and service possible for your real estate needs. If I may ever be of assistance to you, a relative, friend or co-worker please don’t hesitate to call me. I look forward to the opportunity to serve youHave questions, need advice you can count on or just want to discuss this further? Don’t waste any more time; pick up the phone and call me now! I’m here to help!Author: Herb C. Jahnke
Insight Advisors offers a full range of Texas Real Estate services to local, national and international clients, owners and investors. If you are looking for Austin Real Estate or Austin Homes for Sale, just contact us. We will find it for you!
Texas Safe High Return Investments
Nov
03
Austin Real Estate – Why Buy Austin Real Estate?
Posted by: | CommentsAustin Safe High Return Investments
Austin Real Estate is a great investment. You can select from a wide range of properties and locations when you are looking to buy real estate in the capital city of Texas. Austin is situated in the heart of this great state, and there are tons of reasons why you should consider buying commercial real estate in this area. There is a thriving community growing constantly in this city. The art and music scene as well as the sturdy local economy have kept people coming to Austin for many years now. Property in Austin is always a good investment, so read on to find out more about the benefits of buying commercial land here.One of the main reasons to purchase Austin real estate is the lively economy. There has not been much lapse in the local economy here for quite some time. Texas has long been one of the most popular states in America, and the capital Austin is no exception to the rule. A young population of professionals and students creates great diversity in combination with the older population that brings so much tradition and culture to this region. This thriving and diverse community has made Austin famous. There are plenty of modern jobs and new businesses appearing all over, and of course there is plenty of history to take in as well. Texas ‘ capital is a special mix of old and new, and the economy is certainly one of the reasons to get a property. In fact, Austin has one of the strongest job markets in the entire United States of America.Where you aware that Austin has one of the highest quality of life indexes in the country? It is true, and there are a bunch of reasons that back this point up. Austin Real Estate means property in a vibrant city with unique and exhilarating night life, an incredible music scene, and a booming economy. There are countless places to shop and eat out, and the city of Austin is also known as the live music capital of the world. More and more talented artists are coming to this region to showcase their talents and build careers.These are just a few of the attraction that make Austin such a desirable place to own real estate. With so many different neighborhoods and properties to choose from, you can’t go wrong. There is something for everyone looking to invest in Austin real estate. Some great opportunities exist to buy commercial properties as well as homes, so starting a business or a family in Austin is a rock solid move.Author: Herb C. Jahnke
Insight Advisors offers a full range of Texas Real Estate services to local, national and international clients, owners and investors. If you are looking for Austin Real Estate or Austin Homes for Sale, just contact us. We will find it for you!
Texas Safe High Return Investments
Nov
01
Austin Homes : Good Opportunity for First-time Homebuyers
Posted by: | CommentsAustin Safe High Return Investments
The housing slump could be a golden opportunity for individuals who are planning to buy their first home. Although there are many affordable properties for sale in and around Texas, it may be a good idea to consider investing in new Austin homes for various reasons. For one, this part of Texas offers a wide variety of alternatives to families, regardless of size. No matter how big or small a family is, there is surely a home that will suit each member’s needs and preferences.Another reason why new Austin homes are viable investment properties for homebuyers is the ease of relocating in the area. With beautiful hills and wonderful natural views, Austin is an ideal area for starting a family and raising children. For parents who have children who plan to study in the University of Texas in Austin, it would not be surprising to easily find a new home that is near the campus. It is also not that difficult for anyone to find a home close to or within downtown Austin.Since the prices of new Homes in Austin are very affordable at this time, people who are dreaming of owning lake houses or big parcels of land in the area will realize that their goal is not that difficult to reach. A lakefront home is not only good for vacation purposes. It is also an ideal place to retire. Families who are adventurous and into water sports would find that a property near or in front of a lake can be a good investment.With three major lakes in Austin, opportunities to own a lakefront real estate are not hard to come by. For investors, even if the prices of homes in prime locations in Austin are not that high these days, you will surely see a good return on your investment when the housing market gets back to normal.Lastly, now is a good time to buy new Austin homes because banks offer low interest rates for mortgages or home loans. If you are a first-time buyer, you probably have a good credit rating and you are not experiencing foreclosure and other mortgage woes that many Americans are suffering at present. If you and your spouse have stable jobs and you have substantial savings for down payment, then there is no reason for you to avoid investing in Austin Properties. However, before you sign any contract, be sure to inspect the property first. There are many new (or even old) homes to choose from in the area, so be sure to look around.I appreciate you as a client and a friend. I appreciate your business, your loyalty, trust and your referrals. It is my goal to provide the very best counsel, advice and service possible for your real estate needs. If I may ever be of assistance to you, a relative, friend or co-worker please don’t hesitate to call me. I look forward to the opportunity to serve youHave questions, need advice you can count on or just want to discuss this further? Don’t waste any more time; pick up the phone and call me now! I’m here to help!Author: Herb C. Jahnke
Insight Advisors offers a full range of Texas Real Estate services to local, national and international clients, owners and investors. If you are looking for Austin Real Estate or Austin Homes for Sale, just contact us. We will find it for you!
Texas Safe High Return Investments