Archive Monthly Archives: September 2008

How to Evaluate a Texas Real Estate Offer

I recently did a walk-through on a property that was closing with our buyer the next day. The contract stated in Special Provisions paragraph 11: “home and carpet to be professionally cleaned prior to closing date”. Upon viewing the property, the sellers had not completed the carpet cleaning. The seller was at the home removing […]

Read more ...
Posted by Steve
10 years ago

Texas Economist Dotzour’s Take On Proposed Bailout

Below is the Texas A and M Real Estate Center Mark Doutzour’s take on the financial bailout. As usualy, he puts everything into a nutshell quite well. COLLEGE STATION (Real Estate Center) – As negotiations continue over the proposed $700 billion bailout of the nation’s financial system, Dr. Mark Dotzour, chief economist for the Real […]

Read more ...
Posted by Steve
10 years ago

View Austin Real Estate Listings from your iPhone

Realtor.com has a nice iPhone specific url that allows you to view real estate listings from your iPhone. I’m not sure what percentage of U.S. listings are fed into Realtor.com, but I would be suprised if it isn’t most of the major metro area MLS listings. And they are all at your finger tips with […]

Read more ...
Posted by Steve
10 years ago

Austin Sales Market Update for August 2008

The average sales price for houses in Austin in August 2008 remained about level, decreasing slightly (-1.96%) to $259,500, down from $264,695 a year ago. Median sold price rose slightly (+2.05%) to $199,000. The number of failed sales efforts, or “Not Solds”, (expired or withdrawn) was 46% for August, up from 41% last month and […]

Read more ...
Posted by Steve
10 years ago

What is Your Debt Share of $700B Bailout?

As the U.S. government debates a $700 Billion bailout for the financial industry, what does that mean for you and me, and our kids? One summary I saw broke it down like this: About $2,300 per American About $6,000 per U.S. household The tally for all the various rescue measures launched by U.S. authorities this […]

Read more ...
Posted by Steve
10 years ago

Dotzour’s Take on Mortgage Solutions

My favorite economist, Mark Dotzour from the Texas A and M Real Estate Research Center in College Station has some thoughts on the mortgage mess. DOTZOUR: STEP ONE, RECHARTER FRANNIE COLLEGE STATION (Real Estate Center) – As long as the federal government continues to indicate they are willing to redraw the promises contained in mortgage […]

Read more ...
Posted by Steve
10 years ago