The Austin Condo Loft

It’s not too late to contact me about the auction of 74 Austin condominium units at Brazos Place. The auction will take place May 17, and starting bids are more than 50% less than the original asking price.

Auctions can be a great way to purchase an Austin condominium home. With starting bids at approximately 50% of the original asking prices, auctions offer the opportunity for steep discounts, and establish a floor for the true market price. They result in buildings being occupied with homeowners who pay maintenance and make a community. This adds value to the real estate.

For more information about Brazos Place or any other Austin condominium auction, please contact  me. I’ll be happy to answer any of your questions, and help you obtain the best financing, and put forward your best offer.

Austin townhomes are a popular choice among buyers – and here in Austin we have some unique and attractive designs and neighborhoods. We have all the convenience of urban living, and the feeling of living in a village with wide open spaces.

Among Austin townhomes, take a look at the Swede Hill homes. These townhomes have the look of a timeless neighborhood in a residential community, yet are so close to major highways and convenient to downtown Austin.

In North Central Austin, District 51 offers the homeowner detached 3 bedroom townhomes with small garden spaces. It is an Austin Energy Green Building.

In SoCo, you can enjoy two and three bedroom town homes at the Sycamore.

In the historic Bouldin neighborhood are the Bouldin Creek Cottages. 33 detached single family homes are located less than 2 miles from Downtown Austin.

Keep your eye on Ivy on Kinney – sold out before completion, this development features an assortment of lofts, bungalows, and courtyard condos.

Call me to tour these Austin townhomes today.

Downtown Austin’s Town Lake/Shoal beach area is a prime area for new Austin condo developments. With beautiful water front views, and a downtown Austin location, these Austin condos are luxurious, convenient, attractive, and highly desirable.

These Austin condos offer a prime view of the water and downtown Austin, and feature deluxe amenities.
Four Seasons
Austonian
W Hotel and Residences
Villas at Town Lake

Find out why CondoDomain is different from other real estate brokers.

It’s a sign of the times that Austin condos are selling more slowly than they have in the past. But unlike other real estate markets, newly constructed Austin condos ARE selling.

Spring a downtown Austin condo, is about 60% sold. And Barton Place, an East side condo development, is approaching 50% sold.

Downtown Austin is desirable because we have a naturally beautiful city, with expanding job opportunities. Downtown Austin condos work well with the successful lifestyle of an urban professional living, working, and playing all in one great area.

Contact us to learn more about Spring and Barton Place.

Find out why CondoDomain is different from other real estate brokers.

The hip neighborhood of South Congress in Austin known as SoCo was only a few years ago a seedy enclave of slumping businesses and hourly motels. The motels are restored, and have new glamour  which suits the views of downtown Austin and the unique group of restaurants, clubs, and shops which still give a feeling of SoCo’s “hippie” origins.

Check out these SoCo condos and lofts, and feel the eclectic energy that is SoCo!
Sycamore
SoCo Lofts
Skybridge
Village on Congress

Find out why CondoDomain is different from other real estate brokers.

Here’s something incredible – even in this economy, there is just one residence left to sell at 360, the downtown Austin condo tower at 360 Neuces Street. Just one! They’ve sold!

The remaining residence at 360 is a two bedroom two bath unit priced at $375,200 – a price reduction of $75,000. Now what does this tell you about downtown Austin condos?

It tells you that when quality, location, retail, and attainable pricing come together, downtown Austin is a viable, vibrant real estate market.

Contact us about 360 and other downtown Austin condo opportunities. Don’t miss this chance to own a prime piece of downtown Austin real estate at today’s prices.

It seems that auction fever has hit Downtown Austin Condos. The Brazos Place Condos in downtown Austin will be offered at auction on May 17 at 1 pm, and prices will likely be half of the original listing price.

An auction is a good way to get a great deal on a Downtown Austin Condo. Contact us for details about registration and pre qualifying for a mortgage. You’ll need a cashier’s check for $2500 and a blank check for the 3% down payment difference.

Brazos Place Condos were previously priced from $199,900 to over 1 million, so purchasing one of these luxurious Downtown Austin Condos for half off is a VERY good deal.

Find out how Condodomain compares to traditional brokers!

Foreclosures are on many people’s minds lately. Since the Federal Government has offered incentives to lenders to restructure people’s loans, local and state governments are encouraging home owners to seek help sooner rather than later and work with their lender to avoid foreclosure. Help includes restructuring loans, and the purchase of homes by municipalities and non profits.

Foreclosure is the last stop on the money crisis train for home owners. Once a home is foreclosed, the lender really does not want to own it. This is why for the savvy buyer, these homes can be a great deal.

Austin foreclosures are no longer just in risky neighborhoods. The foreclosure crisis has hit all sorts of homes in all types of areas.  Pre-foreclosure, many homeowners and developers are willing to negotiate with a buyer/investor. If they can walk away with a little cash and satisfied liens, and you have a property for less than the market value, it can be a win – win proposition.

How do you find pre-foreclosure opportunities? By searching for them on our site! Our partnership with RealtyTrac enables you to search all Austin foreclosure listings. Pre-foreclosures, foreclosure auctions, and bank owned properties are all at your fingertips on our site, and we can help you make sense of the entire process. We can also assist you with obtaining financing. Contact us today to learn more about Austin foreclosure opportunities.

Austin lofts are a popular lifestyle choice right now.  Whether built brand new, or converted from formerly commercial and industrial space, the convenient locations, ample space, soaring ceilings and light pouring in through large windows make an attractive choice, and are a magnet for urban designers.

Austin City Lofts is located in an exceptional area.  High end residential and retail surround the building, and nightlife is just down the street.  Typical of lofts, Austin City Lofts are spacious, feature hardwood and exposed concrete floors, and soaring 20 foot ceilings with incredible views of the Capitol and Town Lake.  These Austin Lofts are designed both as flats and two story homes.

Call us to tour Austin City Lofts, and remember, with CondoDomain, we give you money back at closing.

There’s been a lot of attention to nationwide foreclosures in the news lately. The number of foreclosures is up this month, and looks pretty drastic. This is partly because of the moratorium on foreclosures in December and through February, awaiting word from the White House on how the federal government would intervene. Now that the moratorium is over, foreclosed properties that were already set for auction have been again scheduled for sale, and now there is a backlog of them.

Foreclosures are pressuring the real estate market in many cities, but providing many opportunities for home ownership. Formerly investors and “house flippers” were the majority at Austin foreclosure auctions. But now, regular home buyers who want a chance at an affordable home are flocking to Austin  foreclosure auctions.

While foreclosures in huge numbers hammer housing prices, efforts to sell the homes and get them off the market have two benefits. One is that once the large inventory of Austin foreclosures is off the market, housing prices can stabilize and a true market value can again be established, with homeowners once again building equity. The second benefit is obvious – the buyer gets a home at a low price.

Buying an Austin foreclosure is not without risk, since the buyer is responsible for repairs and all liens against the property, including taxes, construction liens, and second mortgages. When it comes to Austin condos, it’s possible to have less risk exposure than with a freestanding house.   We can help you with this. We can give you information about the building, the community, and assisting you in finding out the truth about all outstanding liens. We can also assist you with purchasing any foreclosure you choose, not just a condo.

Here at CondoDomain, we have partnered with RealtyTrac so that you can search all available and pending foreclosures in the Austing area. Take a look at these, and then call us with your questions.

Good news for FHA loans! As of last week, there are new maximum loan limits that are available due to the American Recovery & Reinvestment Act. These new loan limits are for new and existing loan applications that are submitted with credit approval on or after March 12, 2009.

Here is a list of the 2009 FHA Maximum Mortgage Limits*:

$729,750 for one-unit properties
$934,200 for two-unit properties
$1,129,250 for three-unit properties
$1,403,400 for four-unit properties

These new limits open up the possibilities for many new buyers! Now lenders can go as high as a $729,750 loan amount with only 3.5% down! So if you are in the market to buy and have previously been unable to put 10-20%  down, this is excellent news!

Contact Christina Longo immediately for more information at 978.886.9359

View the all-new Condo Loan Center to learn more information. The Condo Loan Center offers everything from first-time homebuyer programs with down payment assistance, to private mortgage banking with unlimited loan amounts. In addition, the Condo Loan Center has the ability to act as a broker gives clients even more loan programs. Through the Condo Loan Center, you can rest assured that you will be provided with a competitive loan that meets your individual needs.

A complete schedule of FHA’s maximum county mortgage limits can be viewed through the HUD website by clicking here
*the list excludes financed UFMIP or EEM cost

We’re happy to be blogging here from Austin, telling you all about great real estate opportunities in the Austin condominium market. If you are a qualified buyer, this is a great time to buy an Austin condominium - lower interest rates, tax incentives, lower prices, and available choices.

Austin’s real estate market is doing better than the rest of the nation. In most cities, their is at least a 10 month supply of homes on the market - Austin is well below that. Our median price has dropped 6%, with more homes selling in the lower price ranges than in the luxury range. Other markets have seen drops of over 50%.

So if you’re in the market to buy an Austin condominium, now is a really good time for you. And if you are looking to buy a luxury Austin condominium, you have choices as well as incentives. The question for you is – what is a good buy? And that is where I come in.

Contact me to learn all about Austin condominiums, Austin foreclosures and auctions. Here at Condodomain, we help you find the best deal for you, since we are buyer agents. And there’s more – we give you money back at closing. That’s right – full service at a discount. What more could you ask for?