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February 2011

There are 5 blog entries for February 2011.

Top 40 Most Popular Neighborhoods in Austin Texas during 2010 by number of homes sold

Saturday, February 26th, 2011 at 12:33am. 2,735 Views

Looking for a list of the top Austin neighborhoods? Following is a list of the most popular neighborhoods in the greater Austin area - as covered by the Austin Board of REALTORS® - during 2010. Rating neighborhood popularity can be sliced in many different ways. This list are those Austin neighborhoods with the most number of homes sold (all types). Click the subdivision of interest below to see homes actively for sale.  Subdivision: # of Homes Sold Steiner Ranch  314 Sun City 286 Circle C  265 Avery Ranch  238 Brushy Creek  197 Milwood  179 Lakeway 144 Buttercup Creek 138 Village at Western Oaks 136 Highland Park Pflugerville 120 Pioneer Crossing 119 Teravista 112 Cherry Creek 110 Block House Creek 98 Scofield…

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Top REALTORS® in Austin 2010

Tuesday, February 22nd, 2011 at 9:34pm. 4,144 Views

Finding a top Austin REALTOR® can be of primary importance to those buying and selling a home. Having the best REALTOR® can make the difference between getting a home sold or getting the best value on your purchase. There is sometimes a misconception that a buyer can get a better deal by working directly with a seller or builder having cut out the commissions. In truth, this just provides builders with the opportunity to make more profit! When you work directly with a seller or builder without representation from a REALTOR®, you don't have anyone working to protect your best interests to get you the best deal possible including the best price and other important deal terms that should be considered. Having the best comparable sales information and an…

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News story features Brian Talley of Regent Property Group about Austin housing market

Monday, February 7th, 2011 at 9:53am. 1,889 Views

Brian Talley of Regent Property Group LLC was featured on a KVUE news story about the Austin housing market KVUE on the 10pm news Sunday night 2/6/11.

Here is Brian Talley with news anchor Amy Johnston:

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Austin Texas Real Estate Market Update and Statistics January 2011

Friday, February 4th, 2011 at 5:53pm. 2,877 Views

Downtown Austin 2011

During January 2011 the Austin housing market showed major improvement with sales volume for single-family homes in the city limits of Austin increasing 19% compared to January 2010. Median sold prices (total dollars per sale) were up 3.7% with median sold prices per square foot down 1.3%.   The supply of homes decreased from 5.5 months to 4.4 months of supply from November 2010 to December 2010, also contributing to the market improvements.  The Austin unemployment rate (Austin-Round Rock-San Marcos) showed a slight decrease from the previous month at 7.1% in November 2010 to 6.8% in December 2010.  With gains sales volume and stable pricing, the overall housing market is continuing to show signs of improvement due to job growth in…

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Clarity regarding the Third Party Financing Condition Addendum’s protection

Tuesday, February 1st, 2011 at 1:04pm. 11,766 Views

There is often confusion between buyers and sellers regarding the Third Party Financing Condition Addendum (financing addendum) commonly used as an addition to a property purchase contract. This financing addendum allows the buyer to terminate the contract in the case that the buyer is not able to obtain financing approval from a lender. The confusion comes in as to exactly how the financing addendum protects the buyer as opposed to paragraph 4 (A) (1) of the Texas Association of REALTORS® One to Four Family Residential Contract (Resale), which states that “Property Approval: If the Property does not satisfy the lenders’ underwriting requirements for the loan(s), this contract will terminate and the earnest money will be refunded to Buyer.”   When…

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