News

Lake Travis Real Estate: On Pace For Another Record Year?

Written by Todd Hower | August 12, 2014

With the summer buying season coming to a close and the start of the school year less than two weeks away, it’s a good time to look back at the first half of the year and look ahead at what might happen during the final quarter of 2014.

The Lake Travis real estate market started off in 2014 where it left off in 2013 — with a low inventory of single family homes for sale. The demand started as early as February and it didn’t take long to see multiple offers start rolling in and competition between home buyers heat up.

Looking back now you can see that it wasn’t uncommon for the average days on market to be 10 days or less and the sale-to-list price ratio at 99% or above — meaning that most homes were selling at or above list price.

Starting a Business in the Lake Travis Area

Written by Todd Hower | July 17, 2014

Are you new to the Lake Travis area and thinking about starting a business?

There are a few basic steps and key decisions that you’ll need make. Not to worry, we have everything you need to get started as a business owner in the Lake Travis area.

Here are the basic steps to starting your own business:

4 Reasons Why You Should Know Your Homes Square Footage and Make Sure it's Right!

Written by Todd Hower | April 29, 2014

Do you know the square footage of your home? Is it right?

There are a lot of different reasons why someone else might want to know the square footage of your home.

The State of Texas uses it so you can pay them property taxes. A contractor helping you with home renovations will use it to bid the job. And if you’re selling your home, this is one of the most popular pieces of information a buyer wants to know.

Here are 4 reasons why you should know your homes square footage — and make sure it’s right!

5 Ways to Make Sure Your Home Will Appraise

Written by Todd Hower | April 22, 2014

Have you heard any good stories about home appraisals?

You rarely hear about a property getting appraised for a lot more than the sales price — appraisers have a knack for appraising the value just above the contracted sales price.

It’s more likely that you’ll hear the story about the home appraisal that came in too low — always more drama with this one.

As home prices in Lake Travis continue to rise and buyer demand peaks with the summer buying season right around the corner, you may have concerns about your home appraising when you list it for sale.

Lake Travis Real Estate: Reached the Peak in 2013 or Still Climbing?

Written by Todd Hower | April 15, 2014

The last peak for the Lake Travis real estate market was back in 2006. The area had experienced quite the boom during that time — especially the market for new home construction.

Builders were having a hard time keeping up with the demand. Prices and sales volume for single family homes in Central Texas hit an all time high. That all came to a screeching halt when the mortgage market meltdown began in the summer of 2007 and continued to affect the housing market for several years.

The Lake Travis real estate market experienced prices at their lowest and inventory at its highest during 2009.

And then, slowly but surely, things started to pick up.

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