For Sale. Lake cabin on Eanes side of Lake Austin. 1 bedroom/1bath, boat dock. Cabin needs finish-out. Ski-boat will convey. $48,000 Call Sammy Agent: 512-345-xxxx
How long would it take you to pick up your phone? Not long I bet!
A true story: A number of years ago I was sitting in my office when another agent came in with a new listing. She began to tell me about the listing, and as she did, my ears grew to four times their normal size.
She had just completed the listing paperwork on a small lake cabin on the Westbank shore of Lake Austin. The cabin was small and it needed some work. But it did have a dock on Lake Austin and the seller was including a ski-boat in the $48,000 price!
Buying a home can be scary, especially if it will be your first home. But even if it is your fourth, fifth, or sixth home, there are still dangers and pitfalls that you need to consider. One of the primary concerns of any buyer is, "is there something wrong with the house that I do not know about?"
That question is best answered by having a complete and thorough inspection of the home by a state licensed home inspector. In Texas, home inspectors are regulated by the Texas Real Estate Commission. They must meet state standards for training and inspections have a standardized reporting procedure.
Typically when you make an offer, the offer will include an option period during which the seller agrees that you can have a licensed inspector examine
These questions will help you decide whether you’re ready for a home that’s larger or in a more desirable location. If you answer yes to most of the questions, you may be ready to move.
Have you built substantial equity in your current home? Check your annual mortgage statement or call your lender to find out how much you’ve paid down. Usually you don’t build up much equity in the first few years of your mortgage, as monthly payments are mostly interest. But if you’ve owned your home for five or more years, you may have significant, unrealized gains..
Has your income or financial situation changed? If you’re making more money, you may be able to afford higher mortgage payments and cover the costs of moving. If your income has decreased, you may want to…