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787 realty

Best bet in the country for new hotel construction? Austin, Texas of course!

Best bet in the country for new hotel construction? Austin, Texas of course!

Ever wonder what’s going on downtown? The short answer is everything! As an Austinite, you are keenly aware that there are a number of events, construction, and traffic problems, in and around downtown on any given weekend. While the events and traffic problems will only increase with the rise of urban density, the construction can’t [...]

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Mortgage Rates Fall

Hello to all, For those on the fence about the rise in mortgage rates, I offer a ray of sunshine!  I have written in previous postings that the rates are still very low historically.  In fact, the average rate for the last 20 years is a whopping 6.3%!  With the news that the Federal Reserve [...]

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U.S. Home Sales are Rising

U.S. Home Sales are Rising

To go along with our recent post on the latest Austin area market statistics released today from the Austin Board of Realtors, http://787-realty.com/2013/09/august-2013-mls-stats/ , here is a link to a great article from the New York Times. This article gives more market stats from across the country. Not only are sales up and inventory down in [...]

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August 2013 MLS Stats

August 2013 MLS Stats

Home sales in Austin keep rising and days on the market keep dropping. If you’ve been considering selling your home, now is the time to act! Contact a 787 Realty agent today to get more information. Austin-area Home Sales Rise 30 percent in August; Market Doubles in Size Since 2010 Austin Board of REALTORS® Releases [...]

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Get Your Energy Efficiency Tax Credit Before the End of the Year

At the end of 2013 the offer from the federal government for a tax credit on energy efficiency updates to your home comes to an end. Claim them while you still can! The link below gives more details on this program. http://www.inman.com/2013/09/13/claim-energy-efficiency-tax-credit-for-homeowners-before-its-gone/

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The Dreaded Low Appraisal

When financing a home purchase, an appraisal must be ordered by the lender. Occasionally, the appraisal comes in too low and we must justify the higher sales prices to the banks. The link below from the New York Times outlines the what, why and how of low appraisals and the options available to buyers when [...]

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Renting vs. Buying

Here is a link to a great tool that illustrates whether buying is better than renting. You always hear Realtors say this but this simple tool allows you to play with numbers and make the decision for yourself. Have fun and call 787 Realty when you decide to buy a new home in Austin, Texas. [...]

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Know Your Financing Options

Financing is an important part of the home buying process for the majority of purchasers. Interest rates on fixed-rate mortgages have risen over recent weeks and this increase has made adjustable-rate mortgages very tempting for buyers as they typically come with a lower interest rate in the beginning years of the loan. The New York [...]

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July 2013 MLS Stats

July 2013 MLS Stats

35% increase in home sales! What rate increase? Austin-area home sales up 35 percent, most home sales on record Austin Board of REALTORS® releases real estate statistics for July 2013 AUSTIN, Texas – August 20, 2013 – According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS® (ABoR), the Austin housing [...]

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June 2013 MLS Stats

June 2013 MLS Stats

For this month’s post, I’d like to provide a little commentary on the recent rise in mortgage rates. This might not be “Muy Popular” but there are silver linings to the more than one point increase in rates from May to late June/July 2013. Justification for my madness is as follows: We are still talking [...]

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