Making Austin Texas Home
This Article On Making Austin Texas Home Was Written By Rebecca Clevlen
Well, the secret is out! Austin, Texas is THE place to be. I always knew it myself, but word has definitely gotten around. Although I wasn’t born here, I do consider myself a native. My dad was in the military, and when I was a little younger than 2 years old, he was transferred here and was stationed at Bergstrom Air Force Base, which is now Austin Bergstrom International Airport (ABIA). My younger brother is, however, a native Austinite, as is my daughter. Every once in awhile, I think about moving somewhere new, but honestly, I can’t think of another place I’d love more than Austin and it’s surrounding areas.
Austin Texas Skyline And Architecture
The Austin skyline is one of the most beautiful I’ve ever seen. To me, it illustrates growth, openness, and innovation. No two buildings are the same, and nestled within historic architecture are some of the most sophisticated modern structures. Diversity is key to Austin. This city has changed so much! It has grown up, quite literally before my eyes and has become a place that embraces a multitude of interests and lifestyles.
Making Austin Home: Lifestyle
Austin Texas: Capital Of Texas
Being the capitol of Texas, Austin offers a wide array of opportunities to learn and explore, such as the Blanton Museum of Art and the Bob Bullock Texas State History Museum. Outdoor activities are a huge part of the Austin culture, and some of the favorite places include Zilker Park, Zilker Botanical Gardens, Barton Springs, and Mount Bonnell. The Texas hill country is known for its wineries, and with the closest one being less than an hours drive, tours and wine-tasting classes have become a regular activity on the calendar.
Austin Texas: Annual Events
Some of the bigger events the Austin area has to boast of include SXSW, ACL, the Circuits of the Americas, Round Rock Express baseball, and the Texas Stars hockey team. If you’re looking for something a little less crowded and perhaps a slower pace, Austin is home to over 1,900 bands and performing artists who regularly perform at any number of local venues located in Austin, and in surrounding areas.
Making Austin Texas Home: The Hottest Market Around
The Austin Metro area is one of the hottest housing markets in the county right now! Two of the most popular counties include Travis County and Williamson County. Over the past year, the Austin Board of Realtors (ABOR) has noted that Travis County home prices have jumped 7.8% with the median home price being $339,500 as of April 2015. Williamson County home prices continued to rise as well. ABOR data shows that homes in this area now have a median price of $255,000, representing a 2% price increase from April 2015 to April 2016. Here’s where things get really interesting! ABOR data shows the average days a listing will spend on the market is 45 days! Keep in mind….that’s only the average. A better than average home in a highly desirable area typically means fewer days on the market. A less than desirable home will usually spend more days on the market. For instance, my current home is located in a highly desirable area of Williamson County. I’m located in a neighborhood that is in close proximity to a middle school and high school in a very popular school district. The house located next door to me hit the MLS (Multiple Listing Service) on a Thursday, and went under contract the following Thursday. Sold in less than a week! The listing price was $313,000.
Making Austin Texas Home: Getting Prepared
So, what does this mean for you as a prospective home buyer? Plain and simple, you better be prepared! When you finally decide to begin your home search, you really need to have your REALTOR who will show homes unless the buyer has been in touch with a lender and has obtained a Pre-Approval letter. The reason for this is two-fold. First, if you’ve taken the time and all of the necessary steps to acquire a Pre-Approval letter, then you are a serious home buyer. In this market, REALTORS don’t have time to spend with tire-kickers and most won’t begin showing you properties until you have that letter. And secondly, when you find the home of your dreams, you need to be prepared to act upon it immediately. The days of saying, “Well, we just want to go home and think about it” are over. Not to say that you can’t still do that, but just be prepared for someone else to get an offer submitted and possibly accepted before yours. I know REALTORS who have literally sat in the driveway with their clients to generate and submit an offer to the seller/listing agent before ever pulling out of the driveway.
Making Austin Home: Setting the Wheels in Motion
First, you will want to contact a loan officer, and just like with any other working relationship, I encourage you to find one you feel completely comfortable with. You will be sharing ALL of your personal information with this person, so it’s imperative that you find someone you trust and can be completely open and honest with. Let’s be honest…life happens, whether it be a divorce, medical issues, employment challenges…sometimes we encounter times or periods in our life when our credit can encounter some bruising. These will be conversations you will need to be able to have openly with your mortgage loan officer, find someone you can connect with and will feel comfortable sharing your story with.
Documentation is a huge component of the mortgage loan process. Again, being prepared will be key in allowing the process to move forward efficiently, and will greatly work in your favor. In completing your mortgage loan application, you will need to provide certain documents to support and substantiate the information on your application.
1. 30-days pay stubs
2. years W2’s
3. Copy of current Drivers License
4. Copy of Social Security Card
5. 2 months of bank statements
6. Verification of Rent
7. Documentation verifying source of down payment (401K, Gift, Gift Letter, Proceeds from sale of previous home, etc.)
8. Certificate of VA eligibility (if applicable)
If Austin isn’t on your radar, it certainly should be. The best resources to refer to for additional information are Austin Chamber of Commerce (www.austinchamber.com), www.Austin360.com, and for current housing market and trends, visit Austin Board of Realtors at www.abor.com
About The Author Of Making Austin Texas Home: Rebecca Clevlen
The author of Making Austin Texas Home is Rebecca Clevlen. Rebecca Clevlen is a writer for Gustan Cho Associates Mortgage and Real Estate Information Center Website and is a licensed mortgage loan originator for The Money Store. Rebecca Clevlen is an expert in all areas of lending and has a national reputation for being a mortgage banker with no lender overlays. Rebecca Clevlen represents a national mortgage banking company that is a Fannie Mae direct lender and who is licensed in 46 states. To qualify for a FHA Loan with a 3.5% down payment, Rebecca Clevlen can qualify you as long as you have a 580 FICO credit score. Most FHA lenders may require a higher credit score due to their lender overlays on credit scores, however, with no FHA Lender Overlays , Rebecca Clevlen will just go off the automated findings of the Automated Underwriting System . Rebecca Clevlen is available 7 days a week to take your phone calls and answer any questions you may have. Rebecca Clevlen can be reached at 512-663-2100 and her email address is firstname.lastname@example.org. Like to thank Rebecca Clevlen for this informative article on Making Austin Texas Home.