If you are a resident, or you are thinking of moving to Austin Texas, you will definitely need to know some important things about the place. What is the outlook Austin real estate market at the present and in the future? Where is it headed to? What are the most important things to do in Austin Texas? These are some of the questions that you need to ask yourself and seek answers to before you make the final decision.
Experts advise that, if you are moving to Austin from other part of the Texas state or other U.S. state or abroad, you should seek proper advice so as to ensure that you get the property that you need at the best terms possible. One of the ways of doing so is by buying home through owner financing. There are many options and choices of owner financed homes but it is very important to learn how owner financing works.
In most cases, owners of homes reject proposal of owner financing from buyers because they are not aware of the benefits of that way of selling a home. Most of these sellers believe that for one to buy a home, he or she should get mortgage from a lender. However, if the home is not attracting many willing buyers, or the traditional guidelines of lending are tough, home owner financing Austin, TX may be an option.
In the owner financing, all or the purchase price minus the down payment by the buyer is borne by the seller of the home. There are various types of owner financing and the arrangement benefits both the buyer and the seller. It is always advised and recommended that you consult Austin real estate lawyer for competent legal advice and guideline before you enter in to transaction of owner financing.
According to experts, the Austin real estate has been quite strong especially for the first half of this year (2012). For instance, the sales in May this year were 25% more as compared to those of May 2011.
David Weekley which builds between 250 and 600 luxury homes in Austin and the larger Central Texas area every year has also reported very good customer traffic uptick and sales since the beginning of 2012. Other major builders in the town have also reported similar experiences and forecasts. (Search New Homes in Austin!)
The Austin Texas economy is one of the most stable in the United States. If Texas was a country, it would also rank highly in the world. According to recently published report by the builders of the Austin Area, there are many prospective buyers that are planning to buy houses in the area.
The traffic survey and monthly sales by Metro study shows that the buyer traffic in February this year increased by 50% as compared to February 2011. This increase in traffic has translated in more sales of the Austin homes.