We Just SOLD 2403 Lost Mine Trl, Leander TX 78641!

We have just listed a stunning home in Leander’s Lakeline Ranch community that is Coming Soon to the market: 2403 Lost Mine Trl, Leander TX 78641.  This Ryland home has plenty of the “wow” factor, and it begins as soon as you pull into the cul-de-sac and take one look at it’s impressive exterior and lush landscaping.  All you have to do is take one step inside, and you can clearly see pride of ownership.  This home is simply gorgeous inside!

Features

  • 4 bedrooms, 2.5 bathrooms
  • master bedroom DOWNSTAIRS!
  • spacious 3 car garage
  • HUGE cul-de-sac lot (measured at over .40 acres!)
  • gorgeous kitchen includes silestone counters and dark stained pecan cabinetry
  • huge flex space upstairs perfect as a second living room or game room!
  • over 3200 square feet (per tax record)
  • walk-in closets throughout and tons of storage space!

Photo Gallery

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How Do I Schedule a Showing?

For more details or to schedule a sneak-peek before we go live in the MLS, call me today because we don’t expect this one to last long!  If you’re looking for a turn-key home that has too many features and upgrades to list, you won’t want to miss this one!

Update: This home is SOLD!

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Why Austin Texas is a Good Place for Real Estate Investment

Recently I read an interesting article that was published by the Bloomberg press about alternative investments. A majority of people interviewed for the article described real estate as a great ‘alternative investment’, and maybe I’m a bit biased being a real estate agent in Austin Texas, but I’ve always thought that real estate is a ‘great investment!’

I’ve noticed that endowment fund and pension fund associates are the most likely candidates to classify real estate as an alternative investment primarily because they’ve invested in stocks and bonds, however, in recent decades, they have started to expand their portfolios with alternatives. Some of these alternatives include:

  • Hedge funds
  • Private equity funds
  • Commodities
  • Venture Capital funds
  • Oil and gas properties
  • Master limited partnerships
  • REAL ESTATE

Obviously real estate investment is what really interests me, so I’m going to touch on some of the factors that drive this to be a smart diversification for your portfolio.

Texas currently has a population of around 26 million people, and state demographers are estimating that the population will more than double by 2050 (specifically about a 120% increase!) With this vast and rapid population growth, there is going to have to be a drastic increase in housing, apartments, infrastructure, offices, and shopping centers. Imagine what it will take to support this growth.

From the years 2000 to 2010, almost 50% of Texas population growth came from interstate migration, (you may have heard it called ‘domestic migration’ and it basically means moving from county to county, city to city, or state to state.) A major block of the people that migrated to Texas in this time frame came from Louisiana, California, Florida, Illinois, and Oklahoma.

With all of this estimated growth, where is it mostly going to happen? Texas is a huge state, largest in land mass of the lower 48, so it’s easy to assume that the growth won’t be all focused in one area, and some areas may see more dramatic shifts in population than others. Picture the state in your mind and let’s draw a triangle over a certain area of it…start up in Denton, go down to Houston, over to San Antonio, and back to Denton…it’s estimated that this triangle will see the greatest population growth…why? Opportunity.

Almost 70% of all the jobs in Texas are located in this triangle in the major metropolitan areas including Dallas/Fort Worth, Austin, Houston, and San Antonio. Furthermore, close to 90% of the jobs are focused in the 25 major metro areas which mean that only 11% of jobs are located outside of the largest cities.

The State of Texas needs to build more homes. With the projected population growth, we will require more quality neighborhoods and new subdivisions for these homes. To fund these undertakings, we are going to need private equity investment and bank lending to provide capital. A shortage of lots and new homes, including low inventory of existing homes, is going to continue to push prices higher…which in my opinion makes real estate in Austin Texas a great alternative investment!

I’d love to hear your thoughts.  Do you think Austin Texas is a good place for real estate investment?  Call me today to figure out how you can grow your portfolio with Austin real estate.

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Multiple Offers: How to Deal with the Competitive Austin Real Estate Market

You’ve been watching the market and paying attention to how the houses in your neighborhood are performing, so I’m sure you’ve observed the “multiple offer situation” that we’ve been seeing a lot of lately in Austin and in many of the surrounding areas.  A multiple offer situation is usually good news for a home seller, but it’s definitely going to cost you more as a buyer so I thought it would be beneficial to you to know a few things about this subject!

When a closing price jumps unexpectedly, it could (and usually is) due to something we call the ‘Notice of Best and Final.’  The Notice of Best and Final is a tool that can be utilized by the listing agent and is almost always used when there is more than one offer on the table.  An experienced real estate agent will use this strategy in order to win the best price for their client, the seller.  The notice instructs all buyers who are interested in the property to submit their ‘best and final offer’ or ‘highest and best offer’ by a deadline which is usually 24 hours.  We in the business like to call this the ‘multiple offer sudden death’ and here is how it works:

  • The Sellers have a home on the market with an asking price of $420,000.

  • Buyer 1 is interested in the home and makes an offer of $410,000.

  • After a few rounds of negotiations, the seller and Buyer 1 near an agreed price of $416,000 when all of a sudden……

  • ….Buyer 2, not knowing that the Seller is nearing an agreement with Buyer 1 submits her own bid for the property.   (Keep in mind that at this point, the Seller and Buyer 1 have not yet signed any agreements, therefore the seller is under no obligation to Buyer 1.)

  • After discussing options with his agent, the Seller decides to initiate the ‘Notice of Best and Final’ and gives both Buyer 1 and Buyer 2 a deadline of 24 hours to submit their last bid.

  • Buyer 1 begrudgingly ups her offer to the full asking price of $420,000.

  • Buyer 2 is aggressive and raises her offer to $429,000—and her offer is the one that is finally accepted.

In this scenario that I’ve just painted for you, Buyer 2 not only paid $13,000 more than Buyer 1 was about to pay, but she also paid $8,000 more than was needed to beat Buyer 1’s top offer.  The Seller has some great news to celebrate, while both Buyer 2 is feeling less excited since what started out as a great deal has just become so-so in their eyes…and Buyer 1 is completely let down!

Seeing this happen multiple times has taught me a valuable gem of wisdom, and I try to impart it on my buying clients…do your best to remain emotionally detached from the house until it is signed, sealed, and delivered.  I suggest that my buyers work closely with me and determine a value that they believe the house is worth, decide ahead of time what they are willing to go up to, and stick to those numbers, no matter what happens.

Housing Markets Recovery Tempts Sellers—why it is important to have a Real Estate Professional on your side

The housing market’s recovery is still establishing itself, it’s not in its infancy but it still has a way to go until we can call it mature; the majority of professional predictions remain mostly positive for the rest of 2013, and this young housing recovery is being supported by low mortgage rates.

The recovering market, coupled with lower rates could easily lull prospective home sellers into the assumption that they will have a simple selling process, but upturn or not, it’s no time to take your eye off the ball!  Home sellers should still take as much care as before—especially when it comes to choosing a real estate professional to represent their property and their best interests.  I recommend that sellers do the following:  Ask.  Watch.  Check.  I’ll explain now!

  • Ask:  Don’t be afraid to interview multiple candidates for the job of selling your home; ask each candidate for evidence that they have plenty of experience in selling housing that is similar to yours.  Experience will shape the direction of the marketing and all the other decisions that will be brought on your behalf.  Remember, your home’s sale is not the time to depend on trial and error…you want an experienced team of professionals on your side!

  • Watch:  From the minute you meet a potential candidate to sell your home and become your representative, look for the kind of confidence that will resonate with potential buyers; housing choices are important to each and every prospect and they are bound to feel more comfortable when the representation of their next home is being handled by an obvious pro!  If an agent isn’t displaying the skills when you interview him or her, how likely is it that they will do so later on?

  • Check:  If you’re satisfied with the answers to your questions, and like what you watched, check into the candidate’s community ties as the final decision making step.  A real estate professional who has established solid connections in their community will provide you with instant exposure when it does the most good; a lively website and active team are more evidence that you are headed in the right direction toward a solid choice!

Don’t be afraid to be inquisitive when you are looking for your real estate agent to sell your home…they will be your partner in business; the more questions you ask, the more you will learn, plus, you’ll demonstrate to your agent that you are a focused client!

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We SOLD 1318 Grande Mesa Dr, Georgetown, TX 78626 in La Conterra!

Matthew Morgan with Team Ensor Realtors has just listed 1318 Grande Mesa DR, Georgetown TX 78626 for sale in the coveted Georgetown community of La Conterra.  Pride of ownership is evident in this home boasting 2290 square feet (tax record), 3 bedrooms, 2 full baths, one half bath, 2 dining areas, a large open concept kitchen/living combo, and 2 living areas!

Located in the highly desired Georgetown ISD, this home is sure to please any number of home buyers. Custom paint and crown moldings finish off the classic feel of this single family home. Conveniently located close to 130/45, and I-35, there are an abundance of restaurants, shops, and medical facilities right around the corner. Come and live in this fabulous home and get the convenience of city life with the feel of country living!

Features and Neighborhood Details

  • Large lot, fenced in back yard
  • Full sprinkler system & water softener system
  • Amenity center to be completed spring 2014
  • Restaurants nearby: TGI Fridays, Chilis, Mimi’s Café, Z Pizza, BJ’s Brewhouse, Pei Wei, Starbucks
  • Shopping nearby: Round Rock Premium Outlets, Ikea, HEB (opening September 2013), JC Penney, Specs, REI and more!
  • For more information on the area, be sure to read my La Conterra neighborhood review.

Photo Tour of 1318 Grande Mesa Dr

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1318 Grande Mesa Dr will be listed in the MLS this week.  To be one of the first in line to view this spectacular home, contact me today.

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