Viewing posts from: March 2019

North Austin and Cedar Park – Hot Real Estate Market in Austin

Posted by Keller Home Solutions in Real Estate Investing | 0 comments

There are two areas of Austin that we are keeping an eye on:  North Austin and Cedar Park.

North Austin

…. continues to boom! Apple made North Austin their Operations headquarters right around 2010 and brought more than 6,200 jobs to the area, it has been said that home prices have since doubled in the area.  In December 2018, Apple made a surprise announcement that it would be building a brand new $1B campus expansionjust one mile away from the current campus.  It is expected to bring another 5,000 jobs by 2023 and can house up to 15,000 new people in the years to come.  Our favorite neighborhood in North Austine resides just one mile directly south of the campus, Milwood.  Milwood is an attractive place to live because it’s still city living with all the great benefits of the suburbs.  Quiet mature trees, parks, quick access to major highways like I-35, 183 and Mopac and AWESOME AISD schools.

Cedar Park

…the coming of the “next Domain”.  North Austinites boasts that they no longer need the downtown vibe with the Domain. But the housing prices around the Domain area are quickly squeezing families to look further north for affordable housing.  Cedar Park is easily the number one choice for families looking for affordable homes and even more attractive for some with the big announcement in March 2019 of a $1.5B restaurant and shopping development planned for 2020 named Indigo Ridge. We are personally very excited about this one because it is only 2 miles from where we purchased our primary home 5 years ago.  The hot neighborhoods to look out for include:  Vista Ridge, Preserve at Stone Oak, Parkside at Mayfield Ranch, Trails of Shady Oak, Highlands of Mayfield Ranch, Brush Creek and Sendero Springs.  Local residents here are concerned about the increased traffic but there is no doubt it will bring pressure to home prices in the future. Oh and by the way, if you are looking in these neighborhoods because you work for Apple, it’s only 23 mins to the campus without traffic (with traffic, around 32 mins).

 

Austin Zip Codes to Invest In

If you’re a real estate investor or a home buyer looking for appreciation, the zip codes you might want to keep your eye on in North Austin are:  78727 (directly in the Apple zip), 78729 (very close to Apple), 78728, 78681, 78717, 78613, 78681, 78726, 78750, 78759, 78664, 78665 and some parts of 78726 (Parkside at Mayfield Ranch)

 

 

Five reasons to sell your home for cash instead of going into foreclosure

Posted by Keller Home Solutions in Avoiding Foreclosure | 0 comments

02.03.19

Are you on the brink of foreclosure, and trying to decide what to do? You can stop foreclosure by selling your home. Here are a few reasons why a cash sale is a good decision.

  1. It protects your credit

This is the most important reason to avoid foreclosure. Going into foreclosure puts a black mark on your credit, and it will stay there for seven years. This will severely impact your ability to get a loan, or even rent an apartment. And, when you are finally eligible to qualify for a loan again, you will find that you’ll be put under much stricter requirements.  

As long as you don’t have late mortgage payments (60 days or longer) on your credit report, if you sell your home, according to Fannie Mae guidelines, you should be eligible secure a loan to buy another home immediately.

  1. You’ll save money

The average legal cost to go through a foreclosure is around $7,500, according to the U.S. Congress Joint Economic Committee.

If you go into foreclosure and the bank sells your home, it might not be enough to cover the balance you owe. The bank could come back to you with a deficiency judgment, which means you are still responsible for the remaining balance on your mortgage, even though you no longer own the house.

Let’s not forget taxes. After foreclosure, you’ll still owe income taxes on any forgiven mortgage loan balance.

Ideally, when you sell your home for cash, you’ll be able to cover the full balance of what you owe on your mortgage and move on without fear of any further legal backlash.

At Keller Home Solutions, we buy homes “as is”. This means you won’t have to worry about spending any funds on repairs or upgrades for your home, as you might have to do with a traditional listed sale.

  1. Less stress

Foreclosure proceedings can be stressful. The worries about the serious hit to your credit, the demand letters piling up in your mailbox and the confusing legal process, as well as the negative stain of foreclosure can be a lot to endure. Sadly, you might also become a target of scams from opportunists trying to take advantage of your situation.

When you sell your home with Keller Home Solutions, we’ll buy your home for cash. This means that there will be no need to secure financing with banks, which involves lots of time and uncertainty. When a buyer applies for a loan, they are on the bank’s timeline, not yours. It can take weeks to close, rather than just days with a cash sale.

There is also more potential for road blocks with a sale involving financing. You might receive a low appraisal, or the sale could fall through if the buyer is not approved for a loan.

When you do a cash sale, you also avoid contingencies. These clauses allow the buyer back out of the sale if the contingencies are not met.

Opting for a cash sale with Keller Home Solutions is the swift, hassle-free way to sell your home and avoid foreclosure.

  1. Control your own destiny

Selling your home on your own terms versus being at the mercy of the bank is empowering. The feelings of shame and failure during a foreclosure can be demoralizing to you and your family. When you decide to sell your home yourself, you are taking control of your situation and moving on with your life — this is no small thing.

Take the opportunity to get closure and move on from this chapter and make a fresh, positive change in your life.

  1. Benefits for your neighbors

When neighborhoods are full of vacant, foreclosed homes, the property values drop. Selling your home can help to preserve the property values of your neighborhood, to keep the area desirable for prospective buyers.

Ready to move forward with selling your home? Contact us at Keller Home Solutions. We’re an Austin-based investor with local experience. We can offer you a fair market price on your home, all in cash and with a quick turnaround time.