Check your credit score. Get a copy of your credit report at annualcreditreport.com. The three credit bureaus (Equifax, Experian, and TransUnion) are each required to give you a free credit report once a year. Avoid last-minute bombshells by checking your score long before you’re ready to make an offer. And work diligently to correct any mistakes.
Determine how much you can afford. Lenders look for a total debt load of no more than 43% of your gross monthly income (called the debt-to-income ratio). This figure includes your future mortgage and any other debts, such as a car loan, student loan, or revolving credit cards.
Make a down payment plan. Most conventional mortgages require a 20% down payment. If you can swing it, do it.
AUSTIN, Texas – August 18, 2016 – Single-family home sales volume declined in the Central Texas area for the second time in 2016, according to the July 2016 Central Texas Housing Market Report released by the Austin Board of REALTORS®. Across the Central Texas region, 4,230 single-family homes were sold in July 2016, a decrease of 3.1 percent compared to July 2015.
“When it comes to sales volume, we’ve grown very used to seeing year-over-year increases every single month, but it’s important to remember that 2015 had the strongest summer selling season in the region’s history,” said Aaron Farmer, 2016 President of the Austin Board of REALTORS®. “The value of Central Texas real estate has continued to increase, which is good news for homeowners, but those
With the official start of summer comes a new report from the Austin Board of Realtors (ABoR) that outlines the state of our increasingly hot Austin housing market.
Released on June 21st, ABoR’s May 2016 report compared single-family home statistics year-over-year across Central Texas counties. In the Austin area, the median price for single-family homes increased 5 percent to $288,085, and over 2,900 homes were sold, a 10 percent increase from May 2015. In Austin proper, the median home price is now a whopping $355,000.
One of the more shocking statistics is the 21 percent increase in pending sales (3,297 total) for home listings on the market in Austin. Double-digit gains in pending sales were also consistent across the 18-county Central Texas
Sky Cinemas will be the anchor tenant of the Belterra Village center at the corner of highway 290 and Nutty Brown. Crescent Communities and partner Endeavor Real Estate Group announce Belterra Village's newest anchor tenants. The 90 acre mixed use development will bring a variety of dining, entertainment, and neighborhood retailers to the southwest corner of Hwy 290 and Nutty Brown Road.
Belterra Village will feature the first Sky Cinemas, a 14-screen movie theater from the creators of Violet Crown Cinema. Sky cinemas will offer fresh, local food and beverages, with an emphasis on family-friendly fare. The wide menu includes are variety of regional beers and wines by the glass. Refreshments can be enjoyed in the dining area, the outdoor beer
In a nutshell, a mortgage pre-approval is written assurance from a lender or broker that you’re able to borrow money to purchase a home up to a certain amount. It’s based on the income, employment and asset documentation you supply at the time of application, in conjunction with your credit history.
1. It carries more weight than a “pre-qualification”.
A pre-approval differs from a pre-qualification. With the former, the lender has actually checked your credit and verified your documentation to approve a specific loan amount (usually for a particular time period such as 30, 60 or 90 days). A pre-qualification can be useful as an estimate of how much you can afford to spend on your home, but it’s a less accurate
Dripping Springs finds itself in the unique position of having economic development committees within both the city as well as the chamber of commerce.
"We are fortunate in Dripping Springs to enjoy a very collaborative partnership oriented relationship between our chamber of commerce, elected officials, staff leadership and city-appointed volunteer groups like the Dripping Springs Economic Development Committee," said Patrick Rose, chair of the city's EDC.
Dave Edwards, chair of the chamber's EDC, said "The two EDC's work very well together with the city taking the lead on large infrastructure issues and the chamber on other issues. We all sit in on each other's meetings."
The goal of both can best be summed up by the mission statement of the
Peyton Colony, just south of Henley, was found by a former slave? Peyton Roberts was born into slavery in Virginia in 1820 on the plantation of William Roberts. After gaining his freedom after the Civil War, Peyton led other formerly enslaved families by wagon to the Texas Hill Country. They built cabins on public land, which later became known as Peyton Colony. They farmed and raised livestock. The community built the Peyton Colony School, which was isolated from the surrounding communities by culture and race throughout its history of operation from 1877 to 1963. The heart of the Peyton Colony was and still is Mount Horeb Baptist Church. A freedman named Jack Burch established the church in 1874. He pitched a tent for the first meeting. Land for
Did you ever wonder how the town of Driftwood got its name? As the area developed, so did civil oversight. Boundaries for a new town called Liberty Hill were drawn up and approved by the Hays County Court of Commissioners and a county judge in 1891. But it was soon learned that a town named Liberty Hill already existed in nearby Williamson County. While meeting to discuss a new name, it is reported that one of the town leaders looked out a window and spotted a pile of driftwood near the proposed site of the post office, which was also to be built using driftwood. Driftwood was plentiful in the area because of frequent flooding of Onion Creek. The name of Driftwood was promptly suggested for the town.
What happened to Elizabeth “Lizzie” Quick? Confederate army veteran Jacob Quick and his wife, Mary Quick, flourished in Dripping Springs after the Civil War. But the youngest of their 11 children, Elizabeth “Lizzie” Quick, came to a tragic end at age 20. The young woman from “the sticks” was lured to the “big city” of Austin by a “traveling salesman.” He forced her into a life of prostitution. The story goes that Lizzie’s father repeatedly went to Austin to bring her home, but each time, the young pimp would come back to get her. One story tells that upon hearing Lizzie’s father was once gain coming to retrieve his daughter, the young man shot and killed Lizzie, for which he was reportedly convicted and hanged. Another version is that young Lizzie
New York and Los Angeles have long been the top luxury real estate markets in the country. But when it comes to growth, Texas is now tops.
According to the latest Luxury Market Report from Coldwell Banker Previews, Austin, Texas, was the country's No. 1 city last year for sales growth of homes priced at $1 million or more.
Coldwell credited the city's boom in technology, entertainment and education for its 32 percent increase. That boost translated into 694 million-dollar homes being sold.
Fort Lauderdale, Florida, ranked second, with growth of 31 percent and 789 total million-dollar homes being sold. It was followed by Seattle, with a 30 percent rise to 979 million-dollar homes, and Atlanta, which saw a 21 percent increase and sold 1,140
