The Austin Board of Realtors compiles market statistics compared to the previous year. There is a time delay and these are the statistics from July 2008 as compared to July 2007.
The median price for homes in the Austin area has reached an all time high of $195,000. Up 3% from July of last year.
In July 2,071 homes were sold, down 21% from last year.
We have a lot of inventory. The active listings in July were10,913. Up 15%
However, the leasing market is strong with a 20% increase in leased properties, a price increase of 2% with $1200/mo being average and an average of only 37 days on the market.
If you are interested in real estate in the Austin area, I want to be your REALTOR®. I'm a Certified Residential Specialist (CRS). To contact me call 512.589.7988 or robin@robinscottrealtor.com.
Showing posts with label realtor. Show all posts
Showing posts with label realtor. Show all posts
Saturday, September 6, 2008
Saturday, August 9, 2008
IN THE CONTRACT OFFER, WHAT ARE PRORATIONS
The paragraph addressing prorations is to notify the home buyer and home seller that fees related to the home which are paid for a period of time during which both parties may be in ownership will be prorated and split at closing. For instance, property taxes and homeowner association (HOA) fees.
In Texas, the property taxes are paid at the end of the year so the prorated amount is figured from January 1 through the day of closing and debited from the sellers proceeds and credited to the buyer so that at the end of the year the buyer can pay the full tax bill. The HOA fees may have been paid in advance by the seller so the buyer will be debited from the day after closing through the paid period and the seller would be credited the balance.
If you are interested in buying or selling a home, I want to be your REALTOR. To find out more about how I can help you visit my Web site at http:www.robinscottrealtor.com
Search for homes through Austin MLS
Find your home's value
Buying or selling? Hire an experienced professional. Call Robin Scott, Broker at 512.589.7988.
Like us on facebook!
In Texas, the property taxes are paid at the end of the year so the prorated amount is figured from January 1 through the day of closing and debited from the sellers proceeds and credited to the buyer so that at the end of the year the buyer can pay the full tax bill. The HOA fees may have been paid in advance by the seller so the buyer will be debited from the day after closing through the paid period and the seller would be credited the balance.
If you are interested in buying or selling a home, I want to be your REALTOR. To find out more about how I can help you visit my Web site at http:www.robinscottrealtor.com
Search for homes through Austin MLS
Find your home's value
Buying or selling? Hire an experienced professional. Call Robin Scott, Broker at 512.589.7988.
Like us on facebook!
Wednesday, August 6, 2008
5 THINGS TO IMPROVE YOUR CREDIT SCORE
Credit scores range between 200 and 800, with scores above 620 considered desirable for obtaining a mortgage. The following factors affect your score:
1. Your payment history. Did you pay your credit card obligations on time? If they were late, then how late? Bankruptcy filing, liens, and collection activity also impact your history.
2. How much you owe. If you owe a great deal of money on numerous accounts, it can indicate that you are overextended. However, it’s a good thing if you have a good proportion of balances to total credit limits.
3. The length of your credit history. In general, the longer you have had accounts opened, the better. The average consumer's oldest obligation is 14 years old, indicating that he or she has been managing credit for some time, according to Fair Isaac Corp., and only one in 20 consumers have credit histories shorter than 2 years.
4. How much new credit you have. New credit, either installment payments or new credit cards, are considered more risky, even if you pay them promptly.
5. The types of credit you use. Generally, it’s desirable to have more than one type of credit — installment loans, credit cards, and a mortgage, for example.
For more on evaluating and understanding your credit score.
I want to be your REALTOR®. To find out more about how I can help you visit my Web site at http://www.robincottrealtor.com and contact me at 512.589.7988 or robin@robinscottrealtor.com
Search for homes through Austin MLS
Find your home's value
Buying or selling? Hire an experienced professional. Call Robin Scott, Broker at 512.589.7988.
Like us on facebook!
1. Your payment history. Did you pay your credit card obligations on time? If they were late, then how late? Bankruptcy filing, liens, and collection activity also impact your history.
2. How much you owe. If you owe a great deal of money on numerous accounts, it can indicate that you are overextended. However, it’s a good thing if you have a good proportion of balances to total credit limits.
3. The length of your credit history. In general, the longer you have had accounts opened, the better. The average consumer's oldest obligation is 14 years old, indicating that he or she has been managing credit for some time, according to Fair Isaac Corp., and only one in 20 consumers have credit histories shorter than 2 years.
4. How much new credit you have. New credit, either installment payments or new credit cards, are considered more risky, even if you pay them promptly.
5. The types of credit you use. Generally, it’s desirable to have more than one type of credit — installment loans, credit cards, and a mortgage, for example.
For more on evaluating and understanding your credit score.
I want to be your REALTOR®. To find out more about how I can help you visit my Web site at http://www.robincottrealtor.com and contact me at 512.589.7988 or robin@robinscottrealtor.com
Search for homes through Austin MLS
Find your home's value
Buying or selling? Hire an experienced professional. Call Robin Scott, Broker at 512.589.7988.
Like us on facebook!
Monday, July 28, 2008
CERTIFIED RESIDENTIAL SPECIALIST (CRS)
I worked to acquire this designation so that I could better serve my home buyers and home sellers. In addition to the information I learned from several weeks of classes, I also receive monthly updates on market trends and other information to continually be of improved service to my clients and I'm networked with CRS REALTORS® all over the country so that I can refer buyers or sellers to knowledgeable and reputable REALTORS® wherever they wish to purchase or sell.
If you are planning on buying or selling a house in the greater Austin area, I want to be your REALTOR®. To find out more about the services I offer or search for properties, visit my Web site at http://www.robinscottrealtor.com, my blog at http://www.robinscottrealtor.blogspot.com email robin@robinscottrealtor.com or just call 512.589.7988.
Robin Scott, REALTOR®
Certified Residential Specialist, Accredited Buyer's Representative, Seller Representative Specialist
Search for homes through Austin MLS
Find your home's value
Buying or selling? Hire an experienced professional. Call Robin Scott, Broker at 512.589.7988.
Like us on facebook!
Subscribe to:
Posts (Atom)