Whether you’re in the process of buying or selling a home, the idea of getting a home inspection will likely come up. A home inspection involves an expert examining the condition of a house, checking for flaws in both the structure and the built-in systems. But are these inspections necessary? And what happens if a problem is found? We answer these questions and more below.

What does the home inspection cover?
A home inspection will examine the condition of items including the air conditioning and heating system, roof, foundation, ceilings, floors, walls, attic, basement, doors, windows and visible structure. Depending on the inspector, additional systems and features, such as swimming pools, will also be inspected.

Can I perform a home inspection myself?
Only a professional home inspector can perform an official examination. Although you may be well versed in home building and know key items to look for, a licensed inspector will have far more experience with the process, present an unbiased opinion and may identify issues you might not have considered.

Why should a home inspection be performed?
A home inspection will shed light on the current condition of a property, exposing any issues that may require routine maintenance or additional expense to resolve. Understanding the true state of a property is helpful for both the current homeowner, as well as those interested in buying the property.

Is a home inspection useful in the home buying/selling process?
Absolutely! A home inspection is a crucial part of the home buying and selling process. In most real estate transactions, the home buyer pays for the house to be inspected within a few days of signing a purchase agreement. However, as a seller, it’s not a bad idea to have an inspection performed before putting your home on the market, as the report could identify problems you need to disclose or repairs that could be made before your home is put up for sale. In addition, understanding the true condition of your home will help you and your REALTOR® determine a fair listing price.

Note: In accordance with Austin’s ECAD Ordinance, some Austin home sellers are required to have an energy audit performed on their home before selling their property. This process is separate from the home inspection.

What if the inspection reveals problems?
It’s common for home inspections to reveal minor issues in most properties—these are generally no cause for concern and can be easily resolved. However, if major problems are found, the buyer and seller will likely need to negotiate whether and when these problems will be fixed and who will pay for them. The seller may need to adjust the purchase price or contract conditions in the event that this occurs.

For more information about inspections and how they may affect your home buying or selling process, contact your Central Texas REALTOR®.

On your journey towards homeownership, you may have heard the phrase “home appraisal” tossed around once or twice. But what exactly are home appraisals, and why are they an important part of a real estate transaction? Below, we’ve unraveled a bit of the mystery by answering a few common questions about home appraisals.

What is a home appraisal?
Essentially, an appraisal is a real estate professional’s opinion on the value of your property. These professionals, known as appraisers, calculate this value using the condition of your home, the recent sales price of comparable homes in your neighborhood, the multiple listing service and their own expertise in real estate trends, among other methods and resources.

Is there more than one kind of home appraisal?
Home appraisals can specialize in three different categories: cost, sales comparison and income. Cost analyzes the cost of repairs (if needed), the value of the land and natural wear and tear. As you might guess, sales comparison analyzes the property compared to properties around it Income analyzes the cost of the property from the perspective of an investor. Regardless of the type of appraisal used, all of the information calculated from the appraisal is then written up into a report for the client to peruse.

Why should I get a home appraisal?
Perhaps the biggest reason to get your home appraised is to get an expert opinion on your property’s value. This information is useful because it can give you a great idea on how to competitively price your home. In the home buying world, an appraisal can tell a buyer whether the home they’re interested in is priced fairly. Some situations may require you to obtain an appraisal on your property, such as applying for a loan.

Is there a difference between a home inspection and an appraisal?
Yes! Although the appraiser will be looking at similar areas that a home inspector would, the appraisal report is not a substitute for a home inspection. An inspection is performed to determine the condition of the home, from its foundation to the roof and appliances. While the appraisal report will cover this kind of information, its purpose is to give the client a value estimate of their property.

These are just a handful of the common questions associated with home appraisals. For more questions and answers in regard to appraisals, visit Domania.com

The third quarter of 2011 was marked by a strong volume of home sales in Austin, outpacing 2010 by 32 percent in July, 33 percent in August and 31 percent in September. Median prices remained stable, ending the quarter with a median price of $189,000 in September, only two percent less than one year ago.

Pending sales, which are sales that will likely close within the following month, also enjoyed high volume during the third quarter of 2011. Compared to 2010, July saw an increase of 28 percent, whereas August and September both saw increases of 19 percent. A total of 14,862 homes were sold between January and September of 2011, which is six percent more than the same period in 2010.

“With the impact of the homebuyer tax credits fully behind us, it's encouraging to see three consecutive months of year-over-year growth in sales volume for Austin-area homes,” said Judith Bundschuh, Chairman of the Austin Board of REALTORS®. “In the midst of that growth, Austin home values have remained stable.”

For more information about the Austin real estate market and how it may affect you, contact your Central Texas REALTOR®.

It's one thing to have to deal with noisy neighbors; it's another if their antics lower your home's value. Issues such as unusual paint color or a broken-down car sitting in their yard could reduce your sale price by as much as 10 percent.

It's possible your neighbors are unaware of how their behavior is affecting the neighborhood. Try approaching them directly but pleasantly, and strike up a conversation. Explain that you're planning to sell your home soon and that the condition of their house might affect your chances. Be sure to offer your assistance in fixing the problem; this will likely help resolve the issue more quickly and perhaps earn you some new friends in the process.

If your neighbors are consistently unavailable or unapproachable, voicing your concerns to another party may be your best bet. If, for example, the neighbors are renting their home, you could discuss the issue with their landlord. Or, if your neighborhood is governed by a homeowner's association, the problem could be presented at a meeting. As a last resort, consider speaking with a REALTOR® or a city representative to see if they can step in to resolve the dilemma.

If all else fails, the best you can do is make your home stand out above the rest. Touch up your home, make repairs and boost curb appeal as much as possible. Your home can still sell despite the conditions of a neighbor's house. Get in touch with a REALTOR® to determine how to best approach the situation.

When you're considering selling your home, you'll want to present your house in the best light possible. Of course, cleaning and organizing your house before showings is a must, but there are other steps to take before your home will be ready for a buyer to see it. Below, we have crafted a check-list that home sellers should review before putting a house on the market.

Get in touch with a REALTOR®
With a REALTOR® by your side, the home selling process will be much easier. Not only can they become a valuable partner, they can also offer sound advice for getting your home ready, especially when it's time for your first home showing. In addition, a REALTOR® can get your home listed, priced properly and marketed effectively.

Depersonalize your home
Perhaps the biggest hurdle you may face is removing any strong emotional attachment from your property. This is understandable, as it's likely that you've lived in the home for many years. However, when it comes to selling your home, you must see it as a house; a piece of property no different than a car or a piece of jewelry. Once you release the emotional attachment, the process of selling your home becomes much easier.

Stow away your belongings
Consider renting a storage unit and move some of your personal items from the home. Not only will this help potential buyers see the house as "their own," it will also take some of the sting out of getting rid of your former home, as your personal belongings will be out of sight and out of mind. You could also hold a yard sale or sell unneeded items on eBay or Craigslist.

Freshen up your home's exterior
The inside appearance of your home is important, but what about the outside? The exterior of your home is the first thing a potential buyer will see. Its condition will ultimately influence whether the buyer will want to step through the front door. One of the best ways to boost curb appeal is touching up your home's paint job. Other effective methods include regularly mowing your lawn and sweeping away debris in your driveway, as well as planting and maintaining flowers in your yard.

Consider having an inspection performed
Buyers typically have the house inspected before they finalize their decision to buy. However, it can be beneficial to have an inspection performed before you even put your home on the market. If there are any issues with your home, they can be identified and even repaired before your home is listed. This can help save time for both you and the buyer during the negotiation process. In any case, it's best to discuss with your REALTOR® whether you should have an inspection performed ahead of time.

By following these steps, you'll greatly improve your overall home selling experience. For more tips for successfully selling your home, visit REALTOR.com.

Drawing national attention, Central Texas continues to battle a relentless outbreak of wildfires, including the Bastrop County fire, which has already consumed more homes than any single fire in Texas history. Residents living in Bastrop, Leander, the Steiner Ranch community and many other areas across Central Texas have been affected, with at least 34,000 acres of land lost to the fires and more than 4,000 residents being forced to evacuate their homes.

Residents facing evacuation
As fires continue to burn throughout Central Texas, containment efforts continue. If your neighborhood is ordered to evacuate due to the wildfires, be prepared to bring food, fresh water, extra clothes, phone chargers and other important items with you as you follow the evacuation route set by authorities.

Home buyers and sellers
This morning, Judith Bundschuh, Chairman of the Austin Board of REALTORS®, spoke with KVUE News about the wildfire outbreak. Bundschuh recommended that homeowners and potential buyers contact their lender and insurance provider to get a sense of how the disaster affects their situation. Bundschuh also mentioned that those in the home search process may face limited access to some neighborhoods.

Those looking to help
Your Central Texas REALTORS® have been lending a helping hand since the onset of this disaster, collecting donations to help those who have been displaced by the wildfires. For more information on donations and drop-off locations in the Austin area, visit the Disaster Relief page here at AustinHomeSearch.com.

You're probably excited about moving into a new Austin home, but how do your children feel? The moving process can add stress into a young child's life, so it's important to sit down with your children and discuss the move with them. An in-depth discussion about the event can help turn an anxious child into a diligent moving assistant!

Perhaps the biggest concern on your children's mind is the idea that their life is about to be changed dramatically. They may feel that they're losing their friends or losing the comfort of their home. Addressing these concerns early on is crucial. Allow your children to voice their opinions and be prepared to answer them. Reassure them that they'll still be able to talk to their friends via e-mail or phone, as well as meet with each other in person if you haven't moved too far away.

One great way to alleviate your children's stress is by getting them involved in the process. For example: when you arrive in the new home, have your children decide how their bedroom will look. Let them choose where furniture will go and where posters or pictures will be hung. Even before you arrive, have them sort out their things and help pack them away into boxes. The more involved your children feel, the more excited they'll become about the move.

For younger children, seeing their favorite toys or stuffed animals being packed away can create a sense of unease. Be sure to explain to your children that these items are coming with you and that they'll be kept safe during the move. If possible, try to unpack these items immediately upon arriving at your new home. This way, your children will feel more comfortable in their new surroundings.

After all the boxes are inside, it's a good idea to hook up familiar items such as your television or musical devices (radios, iPod players, etc.) and have these things running while you unpack the rest of the boxes. These familiar items will help create a sense of security and comfort for your family as you continue unpacking the rest of your belongings.

Moving doesn't have to be stressful. With the right attitude, your whole family can contribute to the process and finish the event quickly and efficiently. For more information about moving with children, visit MoversDirectory.com.

Home prices in Austin remained stable during the second quarter of 2011. Compared to the previous year, the median price of Austin homes rose three percent in April and four percent in May, finishing with a median price of $205,000 by the end of June. In addition, June saw an increase of Austin home sales, nine percent more than June of 2010.

During the first half of the year, a total of 9,299 homes were sold in Austin, five percent fewer than the same period in 2010. However, pending sales, which indicate the number of sales likely to close in the next month, were higher in the second quarter when compared to 2010, with a 53 percent increase in May and a 31 percent increase in June.

Austin homes spent an average of 88 days on market (DOM) in April, 81 days in May and 75 days in June, marking the shortest DOM figures since the Fall of 2010. While these numbers indicate that Austin real estate spent more time on market than during the same period one year ago, they were the lowest DOM figures seen in Austin since September 2010.

"Looking at the results, it's encouraging to see that the demand for homes is strong and that Austin-area homes continue to hold their value," said Judith Bundschuh, Chairman of the Austin Board of REALTORS®. "The increase in pending sales…coupled with stable prices and stronger sales [in June], are encouraging signs that the market is returning to a pre-recession seasonal cycle."

For more information about the Austin real estate market and how it may affect you, contact your Central Texas REALTOR®.

When considering selling your home, knowing the right time to put it on the market can be tricky. Local market conditions and a variety of outside factors will affect the outcome in the event that you sell your home. However, before putting a "For Sale" sign in your yard, consider the following questions.

Why do I want to sell my home?
The decision to sell your home is a big one-one that shouldn't be taken lightly. Make sure you examine all of your reasons for selling your home. Do you want to sell because you're struggling with mortgage payments? Are you relocating to ease your commute to a new job? Has your family outgrown your home? Write down your reasons and determine whether they are "needs" or "wants."

Is selling my home my only option?
Once you pinpoint why you're thinking of selling your home, consider whether selling your home is the best or only way to achieve that goal. For example, if you're looking for lower monthly payments, you might look into refinancing. Or, if you love your home but have simply outgrown it, you might consider whether remodeling will do the trick. Additionally, some homeowners who buy another house opt to turn their first home into a rental property instead of selling it (just remember: while this can be a profitable experience, owning a rental property can be a time-consuming endeavor that comes with its own expenses). Weigh the pros, cons and potential risks of each option.

Will I profit off of selling my home?
Some experts suggest that those who have lived in their home for five years or more will likely make back the approximate cost of what they paid for it. Here in Austin, the average home purchased five years ago has increased in value by 12 percent. That said, the amount you'll get back largely depends on the price that similar homes are selling for in your neighborhood.

Working with a REALTOR® is the best way to learn about market conditions in your particular area, as well as increase your chances for selling your home for the best price. A 2010 survey by the National Association of REALTORS® showed that the median home price for sellers who used an agent was approximately 40 percent higher than that paid for a home sold directly by an owner.

When considering how much you may stand to gain from selling your home, keep in mind that you may not be able to pocket all the money a buyer will pay. In addition to paying off what you might still owe for your mortgage loan, you'll likely be faced with additional costs such as closing fees, commission paid to REALTORS®, transfer charges and more.

What happens if my home doesn't sell right away?
It's important to remember that a buyer might not pop up the moment your home goes on the market. In fact, in 2010, Austin homes spent an average of 77 days on the market before selling. Consider your personal timeline and level of urgency to sell and think through how you'll handle the buying/selling transition, whether it takes place a few days or a few months down the line. Talking to your REALTOR® will help you get a feel for home-selling trends in your neighborhood.

Selling your home can be an exciting and rewarding experience, especially when you sell for the right reasons at the right time. Get in touch with your REALTOR® or find a REALTOR® to discuss whether selling your home is the best option for you.

In June 2009, the Austin City Council approved the Energy Conservation Audit Disclosure (ECAD) Ordinance. The aim of this ordinance was to make Austin homes more energy efficient, and it required some homeowners serviced by Austin Energy to have an energy audit performed on their home prior to selling. To date, more than 4,000 energy audits have been conducted on homes in Austin.

Recently, changes have been made to the ECAD Ordinance (effective May 2, 2011). Below is a rundown of the recent changes that affect residential properties.

• Austin homeowners affected by the ECAD Ordinance must disclose energy audit results to a potential buyer no later than three days prior to the end of the option period defined in the sales contract. In the event that an option period is not available, the results must be disclosed before the sales contract is executed.


• Condominiums are now subject to the ECAD Ordinance.


• Multifamily properties whose energy usage is above 150 percent of the average usage for similar communities are required to reduce their energy consumption by 20 percent. In addition, it must be disclosed to potential tenants that the property uses a higher amount of energy than comparable properties.

Want to know whether you qualify for an energy audit? Visit Austin Energy's ECAD Audit Self Check page and fill out the form provided. For more information about the ECAD Ordinance and how it may affect you, talk to your Central Texas REALTOR®.

The first quarter of 2011 was marked by stable home prices and a healthy inventory of homes in Austin's real estate market. Compared to 2010, the median price for Austin homes increased by six percent in January, two percent in February and two percent in March of 2011, landing at $185,260 at the close of the first quarter.

A total of 3,631 homes were sold during the first three months of 2011, three percent fewer homes than were sold during the same period the previous year. Austin's month's supply of inventory ranged from 5.4 to 6.2 months, whereas national figures ranged from 7.5 to 8.5 months. According to the Real Estate Center at Texas A&M University, 6.5 months of inventory indicates a balanced market.

Judith Bundschuh, Chairman of the Austin Board of REALTORS®, noted, "Like all of 2011 thus far, we must recognize that month-to-month comparisons are still being influenced by the impact of last year's homebuyer tax credits. Thus, fluctuations in sales volume and listings compared to last year are to be expected."

For more information about the Austin real estate market and how it may affect you, contact your Central Texas REALTOR®.

Whether you're remodeling your home or preparing your home for resale, a new coat of paint on your home's exterior can work wonders. You can inexpensively add value to your home and make it more appealing to you, your family, guests and potential buyers. Below, we have listed some useful tips for executing a winning exterior paint project.

Note: Painting projects are challenging tasks. Executing your project properly will require a good amount of time, tools and likely some help from friends or family. If you feel you may not be able to accomplish this project, you should consider hiring a professional painter to get the job done.

Getting ready for your project
First, you'll need to ensure you have all the tools and materials needed to get the job done. Below are some of the tools and materials you will need and what they do:

• Caulk - Caulk is a sealant designed to fill in cracks and holes in the surface you plan on painting. It can also be used to prevent insects and air from entering your home from the outside.


• Paint brushes - The most recognizable tool for painting, paint brushes are fantastic for smaller areas and touch ups to larger areas. These tools are precise and come in a variety of shapes and sizes.


• Paint rollers - Paint rollers are much larger than paint brushes and can easily cover large areas with paint. This will probably be the tool you'll be using the most for your exterior paint project.


• Power washer - This tool uses high-pressure water to blast dirt, chalk, dust and mold off the surface you wish you paint on, creating a clean, smooth surface for your project.


• Primer - Primer is used to prepare the surface for the painting job itself, providing a layer of protection and a stronger adhesive bond for the paint.


• Scraper - As the name implies, scrapers are used to scrape off old paint from a surface, especially paint that is cracking or peeling.


• Step ladder - A ladder will help you reach every inch of the surface you wish to paint.

Naturally, you'll also need paint to complete your project. There are many different kinds of paint to choose from, each designed for specific surfaces or areas. Determining what kind of paint you need is a crucial step to take before you get your project off the ground.

You'll also need to determine how much paint your project will call for. Some paint stores, such as Sherwin-Williams, provide Paint Calculators on their websites to help you decide exactly how much paint you'll need.

Surface inspections and preparations
Once you've gathered all the tools you need, your next step should be inspecting the condition of the surface you're planning to paint on.

Make sure that the surface is as clean as possible before any primer, caulk or paint is applied. A common method to accomplish this is by using a power washer. However, you must be cautious when using a power washer. The water pressure is high enough to cause damage to your exterior surfaces, not to mention severe injuries to any person caught in the spray.

You'll also want to check for signs of peeling and cracks on the old paint's surface. If such signs exist, use some sandpaper and a scraper to remove these problem areas.

Note: If your home was built before 1978, it's possible that your home was painted using lead-based paint. If this is the case, there are health concerns you should consider before scraping or sanding. You may need to speak to a contractor and have them remove the paint before you continue with your project.

Painting
Now that your surface is clean and problem-free, you are ready to begin painting. First, you'll need to apply primer to the surface you wish to paint on. Depending on the material the surface is made of, a specific type of primer may be needed. Primer is used the same way paint is used - by using a paint brush or paint roller and applying it to the surface.

Once you have covered your surface with primer, let it dry completely before you begin applying paint. Start at the top of your surface and work your way downward using the paint roller, then touch up the application with your paint brush. If you need to apply a second coat, start with the roller again and finish with the brush.

You've just read some of the basics of accomplishing an exterior painting project. For specific tips on getting your painting job done right, visit Sherwin-Williams.com or BenjaminMoore.com, or talk to a painting professional near you.

Did you know that painting is one of the most inexpensive ways to increase the value of your home? Whether you're planning to revitalize a single room or the entire exterior, below are some important questions to consider when deciding on the paint you'll use for your project.

What type of paint should I use?
Professional painters use either oil-based paints or latex-based paints. The differences between the two types vary greatly. For example, oil-based paints are more difficult to work with, but they usually won't require a second coat. Latex-based paints are smoother and easier to work with, but will often require a second or third coat before the job is finished. It's best to speak with a painting professional to decide which type of paint is best suited for your project.

You'll also need to consider the type of finish, or sheen, you want your paint to have. A paint's finish can directly affect the paints appearance and durability. Below is a list of the different kinds of paint finish and their characteristics:

• Flat - Flat finish smoothes the appearance of walls and siding and is ideal for interior painting projects such as bedrooms or living rooms. This finish is also adept at hiding surface imperfections.


• Satin - Satin finish is fantastic for interior rooms that are occupied frequently, such as bedrooms or hallways. This finish is very similar to flat finishes, but with a hint of gloss.


• Gloss - Gloss finish has a shiny, reflective appearance and is designed for wood surfaces such as doors or cabinets.


• Semi-Gloss - Semi-gloss finish works well in areas that are regularly cleaned, such as a bathroom or kitchen. As the name implies, semi-gloss creates a less reflective surface than a gloss finish.


• High Gloss - High gloss finish has more shine and reflection than any other finish. This is typically used for exterior projects such as front doors. However, it may not be the best choice if there are noticeable flaws on the surface you are painting on.

What color of paint should I choose?
Choosing the right color of paint is often the most challenging part of the project. Different colors can produce drastically different "moods" in a room, and deciding which feel you want to convey is important.

Colors can be divided into two categories: warm or cool. Warm colors include shades of yellow, orange and red and typically have an energizing effect on the viewer. Cool colors include shades of blue, green and purple and typically have a relaxing effect on the viewer.

An easy way to decide on a paint color is by matching or accenting the color of the wall paper, furniture, carpeting or other décor in the room. If possible, bring in samples of the carpet and fabrics used in the room to a paint store. They can use these samples to determine which colors might work best on your walls.

Keep in mind that paint color may look different on a sample strip than it will on your walls. The lighting in a room, whether it's natural or artificial, can completely transform a color's hue and appearance. Consider bringing home some paint color samples and applying them to a portion of the surface you wish to paint. This way, you can test out your color choices using the lighting in your own home.

Major painting stores, such as Sherwin-Williams or Benjamin Moore, have created "color visualizers" on their websites that allows you to test your favorite colors virtually before you actually apply them.

What is primer and when should I use it?
Paint primer helps protect the surface you are painting on and helps paint form a stronger adhesion after it has been applied, which reduces the chance of peeling or cracking.

Primer comes in a variety of types, corresponding with a variety of surfaces. There are primers for wood, concrete, aluminum and drywall surfaces, as well as variations in these categories to provide smoother appearances or increased protection.

Generally speaking, surfaces that are permeable and/or uneven should always be coated with primer before the actual painting begins. Wood surfaces commonly require a coat of primer, as they are usually exposed to the elements and retain moisture well. Using primer on other surfaces such as metals or plastics can help protect the surface itself. For exterior paint projects, the use of primer is essential, as your surface will be exposed to the elements and will need as much protection as possible.

Having a basic understanding of paint and primer before beginning your project will reduce the need for touch ups further down the road. For more tips on preparing for your painting project, talk to a painting professional near you.

Are you familiar with the acronym "FSBO?" This stands for "For Sale By Owner" and indicates that a property listing is not represented by a REALTOR®. Some sellers prefer to sell properties on their own, usually because they believe they will save money by doing so. However, there are many risks that come with selling a property without professional assistance. Below, we address four myths about being a do-it-yourself seller.

Myth #1 - More people are selling their homes by themselves these days.

Actually, it's quite the opposite. According to buyer and seller data collected by the National Association of REALTORS® (NAR), the number of people who sold homes on their own has decreased by nearly 50 percent in the last 19 years. In 2010, less than 10 percent of U.S. home sales were sold by the owners themselves, while 88 percent of U.S. home sales were sold with professional assistance.

Myth #2 - A home doesn't need to be listed on the Multiple Listing Service (MLS) to sell.

While it's true that a home need not be listed on the Multiple Listing Service to sell, it certainly helps. Having your home listed on the MLS by your REALTOR® exposes it to a vast network of REALTORS® who conduct daily property searches on behalf of their clients. In addition, property listings on the MLS can easily be featured on the personal websites of REALTORS® and pushed to websites such as AustinHomeSearch.com and www.zillow.com. This exposure-in addition to the other ways a REALTOR® may market your home-can go a long way in getting your home sold.

Myth #3 - It's easier for homeowners to "sell" potential buyers on their homes when they conduct home showings themselves.

Not exactly. Research shows that buyers often feel intimidated when the owner is present during a showing, as they may feel uncomfortable expressing their opinions of the home in front of the owner. Also keep in mind that selling a house is a time-consuming venture. One must make sure that the home is repaired and ready for showings, as well as be available to show the home to potential buyers. Most people simply do not have the time to manage all of this on their own.

Myth #4 - Aside from setting a price, there's really not that much that goes into selling a home.

Not true. Home sale transactions are a complicated process with many different facets to cover before the sale can be completed. For instance, not only would you need to set an appropriate price for your home and negotiate offers submitted by potential buyers, but draft a solid contract, as well. One small oversight when writing or signing the necessary legal documents could lead to lawsuits and other complications after the sale closes. By working with a REALTOR®, you can rest knowing that your best interests are protected.

If you're still convinced that selling your home on your own is the right way to go, consider this: Data shows that home sellers with professional representation typically achieve about 40 percent more for their homes. Knowing this, why wouldn't you want to work with a REALTOR® to sell your home? Get in touch with a REALTOR® today by visiting our "Find a REALTOR®" section here at AustinHomeSearch.com.

The Austin Board of REALTORS® recently released its Multiple Listing Service (MLS) report for December of 2010, concluding their analysis of the Austin housing market this past year. So how did Austin real estate perform in 2010?

Austin home sales posted year-over-year increases during the first half of 2010, with the biggest upsurges occurring in March, April and May (with increases of 27 percent, 31 percent and 24 percent respectively). John Horton, 2010 Chairman of the Austin Board of REALTORS®, explained that the substantial increase in sales during this period was likely due to the expiration of the homebuyer tax credits on April 30.

Horton noted that "we have the unique situation of the homebuyer tax credits that inspired many buyers to purchase homes sooner than usual. Thus, it's more meaningful to evaluate our market from a year-to-date perspective, instead of month-to-month, to gain a clear picture."

Overall, a total of 17,905 single-family homes were sold in Austin in 2010, a five percent decrease compared to 2009. Homes in Austin took an average of 77 days to sell, which is two percent less than the amount of time it took in 2009. The median price of Austin real estate remained stable, averaging at $193,520 for the year, a three percent increase from 2009.

The Austin market also remained healthy in regards to its housing inventory. The Real Estate Center at Texas A&M states that 6.5 months of inventory indicates a healthy market, with anything above 6.5 considered a "buyer's market" and anything below considered a "seller's market." Austin's month's supply of inventory ranged from 5.4 to 7.3 in 2010, while national housing inventory ranged from 6.9 to 11.9.

Heading into 2011, Austin appears to be on the road to economic recovery. Last month, attendees of the 2011 Housing Forecast co-hosted by the Austin Board of REALTORS® and the Home Builders Association of Greater Austin gained some insight into the future of Austin's housing market and economy.

Eldon Rude, Director of the Austin Market for Metrostudy and one of the speakers at the housing forecast, predicted that slowed home construction, as well as increasing apartment occupancy and rental rates would help Austin's housing market, noting that "with increasing rent, renters will have to decide whether to keep paying rent or buy a home." Rude believes that home pricing pressure, job growth and consumer confidence will help put Austin's economy back on track in 2011 and into 2012.

To learn more about real estate predictions for the coming year, watch our 2011 Market Forecast video. This video features a summary of the topics discussed at the 2011 Housing Forecast, including future trends and challenges facing the Austin real estate industry.

Statistics from the December 2010 MLS report can be found in our Austin Real Estate Report section. Be sure to check in each month as we evaluate Austin's housing market throughout 2011.

When considering a remodeling project, cost is definitely an important factor. However, you must also consider whether a remodeling project will retain its value if you decide to sell your home.

Recently, Remodeling Magazine and REALTOR® Magazine published their annual Remodeling Cost vs. Value Report for 2010, which takes 35 common remodeling projects and estimates the average recouped cost for each project in 80 cities across the United States. Although these itemized estimates are based on hypothetical projects for an average American home, they are helpful in providing an overview of remodeling costs.

On a national level, the report indicates that the largest percentage of recouped costs derived from such projects as steel entry door replacement (102.1 percent of costs returned), garage door replacement (83.9 percent of costs returned) and wooden deck additions (72.8 percent of costs returned). Many of the highest financial returns were seen from projects where building costs were less than $15,000.

On a local level, estimated recouped costs were much greater than most cities in the nation, according to the report. Below are the top ten remodeling projects that yielded the highest returns for homeowners in Austin, Texas in 2010:

• Steel entry door replacement (116.6 percent)
• Garage door replacement (98.7 percent)
• Basement remodel (84.3 percent)
• Attic bedroom (78.3 percent)
• Wooden window Replacement (76.9 percent)
• Vinyl siding replacement (75.5 percent)
• Minor kitchen remodel (74.2 percent)
• Major kitchen remodel (73.8 percent)
• Wooden deck addition (72.8 percent)
• Vinyl window replacement (71.5 percent)

Keep in mind that these numbers are just estimates and that every home is different; the cost of a new kitchen in one home could cost significantly less than the same project in another home, for example. We encourage you to talk to your Central Texas REALTOR®, as he or she can help you determine how to get the most bang for your buck when it comes to remodeling your home.

If you've ever read the Austin Real Estate Report on AustinHomeSearch.com, you've probably seen terms such as "year-to-date" and "inventory of homes." To help you decipher the real estate jargon and better understand the statistics shared from the Austin Board of REALTORS®' monthly Multiple Listing Service (MLS) reports, we've provided a glossary of terms commonly seen in real estate market reports.

Single-family homes - Though MLS reports track a wide variety of property statistics, including those regarding condominiums, townhouses and commercial properties, the general health of the Austin area real estate market is typically judged by the statistics regarding single-family homes. As the name implies, a single-family home belongs to one family and is a free-standing property with its own lot. These properties are what commonly come to mind when one thinks of a residential neighborhood property.

Median price - The median price listed on a monthly MLS report indicates the middle price point of homes sold in the past month. In other words, if home sale prices were listed from lowest to highest value, median price would be the number that falls in the middle of that list. The median price is usually referred to instead of average price, as the average price can easily be skewed by "outliers," such as a small number of very highly priced homes.

Active home sales - This term refers to property listings currently for sale on the market. Properties that are undergoing contract negotiations are not included in this figure.

Days on market (DOM) - This figure is indicates the time a property spent on the market---measured from the moment the property was listed to the point when the seller began contract negotiations.

Year-over-year - This measurement compares the market conditions from the month of the report to the same month the year prior. These statistics give readers a small snap-shot of where the real estate market stands in comparison to last year.

Year-to-date (YTD) - YTD measurements include overall market activity from the beginning of the year (January 1) to the date of the report's publication. Comparing year-to-date numbers for the current year and previous year illustrates how the overall activity seen this year compares to what we saw during the same time period last year.

It's important to use both year-over-year and year-to-date statistics to understand how this year's market compares to last. Year-over-year comparisons are useful in determining how the market is doing during expectantly high or low selling seasons, and big increases or decreases in the percent difference may indicate the influence of abnormal, outside factors and conditions.

Year-to-date figures are often a more meaningful measurement when comparing one year to another. For example, the same MLS report that shows home sales are down 15 percent year-over-year may also show that home sales are up seven percent year-to-date, indicating that the market is actually out-performing the previous year thus far.

Pending Home Sales - This term refers to listings that have sales contracts in the works. As most pending sales are likely to close in the next month, a spike in year-over-year pending home sales suggests we may see an increase in year-over-year sales the next month, although this is never a guarantee.

Month's Supply of Inventory (MSI) - MSI is a calculation of the time it would take to sell the current amount of active listings on the market, based on the average amount of sales made in the past 12 months. The resulting number of the calculation is considered a "leading" indicator of sales activity and market health.

According to the Real Estate Center at Texas A&M, it would take about 6.5 months to sell the average amount of active listings in a balanced market. Anything above 6.5 MSI is considered to be a "buyer's market," while anything below is often considered a "seller's market."

These are just a handful of terms to help you understand what each MLS report conveys about the Austin real estate market. Be sure to speak with your Central Texas REALTOR® to clarify what these statistics mean and how they may affect your transactions, whether you are looking to buy or sell an Austin home. To stay abreast of the most recent market statistics in Central Texas, visit our Austin Real Estate Report section here at AustinHomeSearch.com.

There's no better time than the holiday season to remind ourselves of why we should be grateful. For Austinites, gratitude is easy to come by, as there are hundreds of reasons to love the Texas state capital. Below, we've narrowed down our list and chosen five reasons we're lucky to live in Austin, Texas.

Originality
This summer, Kiplinger ranked Austin No. 1 as the "Best City for the Next Decade." It's "best of" list sought to emphasize cities which "specialize in out-of-the-box thinking," having traits that encourage innovation in business, culture and technology. Kiplinger described Austin as "the country's best crucible for small business."

Economic Stability
Texas has fared much better than most states during these tough economic times. Newsweek noted that the "Texaplex"—Austin, Dallas, San Antonio and Houston—is "the No 1. destination for job-seeking Americans." In addition, The Austin American-Statesman recently reported that the job market in the Austin area has remained strong throughout the past year, having added more than 18,000 jobs since November 2009. Austin also has a lower unemployment rate when compared to many other cities in and out of Texas.

Real Estate Strength
Historically, Austin's housing market has maintained its value quite well. For example, the average home purchased in December 2002 and sold six years later in December 2008 appreciated 20 percent. With some Austin mortgage payments requiring less than $800 a month, Austin was also voted No. 1 for affordable housing by U.S. News in 2010, and was named the second healthiest real estate market by Hanley Wood Market Intelligence in 2009.

Excellent Education
Austin is home to the University of Texas and seven other public and private universities, as well as 29 public school districts, 17 charter schools and 69 private schools. In September 2010, The American Institute for Economic Research placed Austin at No. 2 for best mid-sized college town in the country. The article highlighted a wide array of statistical data pertaining to Austin, including high degree attainment, student diversity and varied commuting options, as well as Austin's "ample arts, strong creative class and beating entrepreneurial heart."

Never-ending Fun
Last but not least, it's hard not to mention how much fun you can have in Austin! Portfolio.com named Austin the No. 1 best city for young adults, citing the annual South by Southwest festival and its high population of 18–34 year olds (about 28 percent of the total population) as examples. However, the young–at–heart can find pleasure in Texas state capitol as well. TopRetirements.com ranked Austin as the 5th best place to retire, out–ranking 95 other cities.

Austin regularly receives praise from research groups and publications across the country, whether it be for our diverse music scene, our booming small business trade or our quirky culture and vibe. For more reasons to be thankful that we live in Austin, Texas, check out our Austin/Central Texas News section here at AustinHomeSearch.com.

We wish you and your family a happy, healthy and safe holiday season!

You may have heard about—or even been affected by—the recent foreclosure freeze and be wondering exactly what led to this situation and what it means for home buyers and sellers. If so, the following information may help share shed some light on the issue.

Earlier this month, Bank of America froze home foreclosure sales in all 50 states after reports indicated that employees of the lenders may have mishandled foreclosure documents. Other major lends such as JPMorgan Chase and GMAC Mortgage followed suit, though they limited the freeze to 23 states, not including Texas. The freeze was a response to allow these lenders time to review the foreclosure process and determine whether recent foreclosures were in accordance with state laws.

Suspicions are aimed at an illegal practice known as "robo-signing," which refers to signing an affidavit without adequately reviewing the document. The practice is called "robo-signing" because the documents are signed quickly, almost automatically, as if a computer performed the task. Without fully understanding the affidavit being signed, lenders risk placing foreclosures on homes without having the legal right to do so.

In Texas, a demand letter was sent to 30 mortgage banking and servicing institutions by the Texas Attorney General, requesting that they "suspend all foreclosures, all sales of properties previously foreclosed upon, and all evictions of persons residing in previously foreclosed upon properties." The letter's definitions of possible infringement includes "signing documents without reading them," and "filing documents with records attached that did not correctly reflect loan payments, charges and advances."

John Horton, Chairman of the Austin Board of REALTORS®, recently spoke to KVUE news in regards to this matter. For sellers with non-distressed assets, Horton noted that the situation may help them compete with foreclosures, as buyers may be less inclined to purchase properties affected by the foreclosure freeze. Horton also mentioned that the freeze shouldn't have a drastic effect on the Austin area, as only about five percent of the Austin market consists of foreclosed properties. However, Horton noted: "...for sellers, if they can wait to put their home on the market in the Spring, they probably should."

Recently, Bank of America and other banking institutions have begun lifting the freeze in many states. In states where the freeze has been lifted, court cases have been proceeding to determine the validity of foreclosures on a case-by-case basis. In states such as Texas, where judges don't sign off on foreclosures, the freeze is scheduled to continue for an undisclosed period of time.

For more information and updates on this issue, talk to your REALTOR® or visit the National Association of REALTORS® website at www.realtor.org

Typically, the process of selling your home will involve complete strangers entering your home during showings or open house events. While most people will tour your property with good intentions, the safety of you and your Austin real estate should always be a top priority. Though many REALTORS® will conduct showings and host open houses on behalf of their clients, remember to keep the following tips in the mind if you choose to be active in the home selling process:

Tip #1. Never agree to show anyone your home before you have verified the person’s telephone number.

Tip #2. Remove or lock away all valuables, personal documents and prescription medications before showing a home. Remember that prospective buyers will often open closets or drawers to get a feel for storage space, so remove any easily accessible objects that could serve as a temptation.

Tip #3. Consider having a sign-in sheet for those attending your open house, where visitors provide their addresses or driver license numbers. Ask your REALTOR® how he or she typically handles this situation.

Tip #4. When showing potential buyers your home, always follow them into each room instead of leading them. This helps you keep an eye on visitors and can prevent a situation in which you might become cornered without an easy exit.

Tip #5. Never disclose to potential buyers personal habits or schedules that would indicate the times you're usually away from your home.

Tip #6. Inform family, friends or neighbors that you're having an open house event, and have them call or stop by at designated times to check on you. If you're expecting a big turn-out, you may even ask family or friends to help out at the open house.

Tip #7. Keep a cell phone on you at all times, with 9-1-1 on speed dial.

Tip #8. Make sure your car is parked in a location that allows for a quick escape. Don't park it in your driveway or a place in which it may become boxed in.

Tip #9. After showing your home, make sure all rooms are empty and all windows, doors and entrances are locked.

Tip #10. If your home is vacant, stop by routinely to check on it.

Remember that your REALTOR® is there to help protect your interests and that having a REALTOR® handle all home-showing details can help prevent many situations where the safety of you or your property may become an issue. In any case, your REALTOR® can recommend additional safety tips as you discuss the marketing plan for your Austin home.

Clean floors can make a big difference in the overall look and feel of your home-especially to potential buyers who can pick up on the smallest details. While lower-traffic areas, such as guest bedrooms, can be maintained on the monthly basis, entryways, kitchens, living rooms and other high-traffic floor areas should be tended to at least once a week. Below are weekly cleaning tips for various types of flooring

For hardwood floors, first use a broom or vacuum to pick up dust and dirt. Next, go over the floor with a damp mop, as excessive water is damaging to wood. Linda Cobb, The Queen of Clean®, recommends adding several tea bags to hot mop water for a healthy, inexpensive way to clean wood.

For tile and vinyl floors, also sweep or vacuum away dust and dirt first. Then, experts recommend mixing a tablespoon of Borax with a gallon of water to use for mopping. A gallon of plain, warm water also works well. Use a micro-fiber mop on ceramic tile floors for best results and stay away from vinegar-based cleaning products, which can damage your grout.

For carpet, it's helpful to vacuum high-traffic areas more than once a week-perhaps even daily if you're in the process of showing your home. Cleaning experts recommend sectioning your carpet into quadrants and vacuuming each section entirely before moving to the next. Go over these sections multiple times, moving slowly to ensure you pick up as much dirt as possible. The most frequently used areas of carpet should be vacuumed in a criss-cross, overlapping pattern. It's also helpful to take care of spots and spills as they occur.

Tending to floors on a regular basis will help you avoid scrambling to clean up age-old stains or thick layers of dust and dirt before guests arrive in your home. Following the tips above will help you achieve flawless floors in no time!

The first quarter of 2010 put forth a solid performance from the Austin real estate market. While home sales increased modestly during January and February, year-over-year Austin home sales increased a remarkable 27 percent in March, bringing the total amount of homes sold in the first quarter to 3,749 - a 12 percent increase over the first quarter of 2009. The median price of Austin homes remained relatively unchanged from one year ago, ending the quarter at $180,000.

Pending sales, which indicate the number of homes expected to sell in the next couple of months, remained elevated during the first quarter, increasing 7 percent in January, 24 percent in February and 31 percent in March 2010. These increases bode well for the Austin real estate market.

In the face of increasing sales volume, the Austin real estate market maintains a healthy inventory of homes. The Real Estate Center at Texas A&M University cites 6.5 months of inventory as a balanced market, meaning demand for homes is evenly balanced with inventory of homes for sale. At the end of the first quarter, Austin held a 6.4 month supply of homes.

For more information on the Austin real estate market and how it may affect your buying or selling situation, contact your Central Texas REALTOR®.

Planting flowers can be a great way to boost the curb appeal of your Austin home. While the planting process seems simple enough, there are a several important tips you should keep in mind.

1. Do your research. Above all, it is important to find out which types of flowers will grow in best in your yard and when to plant them. Some flowers need plenty of sunlight, while others must have shade at all times. Some flowers need to be watered every day, while others can survive on rainfall alone. Make sure you have the time, resources and proper environment to care for your plants.

2. Prepare the soil. After you've removed all weeds from your garden, it's time to think about enriching the soil. Mixing organic matter such as compost, manure and shredded leaves into the first one to two feet of soil can help enrich the clay-like soil found in many parts of Central Texas.

3. Plant the flowers. After you dig the holes, fill them with water and let it soak into the soil before placing the flowers in them. When planting the flowers, ignore the urge to pack down the soil or step on it to make it flat; flattening the soil cuts off the light and oxygen. Adding a few inches of mulch to the top layer of soil can be beneficial, but make sure the mulch is placed around the plants and does not touch their stems.

4. Remember to water. Watering is essential, but too much water can be deadly. Make sure you know the watering requirements for the types of flowers you have planted. Be aware that watering the leaves of plants can help diseases and mildew grow, so it's important to water plants at ground-level, closest to the roots.

For more tips, visit http://www.centraltexasgardening.net or talk to the local gardening experts in your neighborhood. Happy planting!

Presenting an attractive home to potential buyers can greatly increase your chances of selling your house quickly. Try the following tips:

1. Float the furniture. Though it may seem natural to push furniture against the walls, try "floating" the furniture to make more intimate spaces for conversation. Lisa LaPorta, designer on HGTV's Designed to Sell, recommends visualizing a figure-eight or the letter H and placing furniture in that pattern. Just remember to create clear pathways for traffic to help the flow of the room.

2. Work those windows. Window dressings can serve as the perfect accent to any room. If the room is small, consider opaque curtains, which allow more light to shine through and give the room a bigger feel. If your windows are narrow, extend the curtain rods about a foot on each side to give an illusion of width. Remember that curtains featuring vertical patterns create an elongated effect; this style compliments most windows in a home.

3. Love that color. Painting is one of the easiest and most cost effective ways to revive a home. Keep in mind that painting walls with a rich color can make the spaces more intimate, dramatic and cozy, while lighter, paler shades help rooms appear more spacious. When in doubt, go neutral.

4. Re-hang invisible art. Instead of hanging art along an invisible line encircling each room, consider hanging pieces in diagonal, triangular or vertical patterns. Michael Friedes, a stager with Nest Home Design, says this creates visual interest and can help direct the eye toward interesting features in a room, such as a bay window or high ceilings.

5. Accessorize in threes. When creating displays for table tops, shelves, walls and other spaces around your home, experts recommend accessorizing in odd numbers - especially groups of three-and grouping objects by unifying elements, such as color or texture. Display items of various heights and widths with the largest objects in the back.

6. Get some flower power. Seasonal flowers help a home appear fresh, clean and beautiful. Whether you showcase budding magnolia clippings in spring or holly branches in winter, there are beautiful arrangements to display in any season. You can't make mistakes when arranging flowers, so remember to get creative and have fun!

Know that your REALTOR® has a powerful network of industry professionals and can help find a professional stager to meet your needs, should you decide to go that route. For more tips on how to improve the appearance and increase the value of your Austin home, visit the "Consumer Tools" section of AustinHomeSearch.com.

What began as a year with double-digit decreases in year-over-year home sales concluded with 2009 year-end totals falling only six percent short of the year prior. This comeback was made possible by the surge in home sales seen in the fourth quarter of 2009—a 38 percent increase in October and a 58 percent increase in November—possibly attributed to the original deadline for the first-time homebuyer tax credit.

Local economic conditions, housing trends and extended homeowner incentives lead most experts believe that the Austin housing market reached its bottom in 2009 and is now on the path of stabilization and recovery, though significant gains are not expected until the later part of 2010.

For a review of the Austin real estate market’s performance in the fourth quarter of 2009 and indicators as to what activity we might expect in the coming months, don’t miss the latest edition of AustinHomeSearch Live. For further information on market conditions, contact your Central Texas REALTOR®.

When the time comes to say goodbye to your current home and you’re looking for a buyer, make sure to avoid these common selling mistakes:

Mistake #1: Pricing your home incorrectly - This is possibly the biggest mistake a home seller can make. Price the home too high, and your house could be the on the market for years; price the home too low, and you could lose thousands of dollars in profit. Working with a REALTOR® who is knowledgeable on comparable sales, market trends and homebuyer demand will help you stay on target when it comes to setting an appropriate asking price.

Mistake #2: Showing your home in poor condition - Not only can potential buyers be turned off by viewing a messy home, they can be discouraged by seeing the need for too many home repairs. Make sure faucets aren't leaking and all lights and appliances are working. Keep in mind that going above and beyond to add some fresh paint and update appliances can actually boost the value of your Austin real estate.

Mistake #3: Not responding to all offers - Recognize that selling your Austin home will likely take a bit of negotiation. Receiving an offer that isn't exactly what you had in mind doesn't mean a different price can't be agreed upon. That said, be sure to distinguish serious potential buyers from those who are unqualified or simply "Looky-Loos." Your REALTOR® can help weed out unrealistic buyers and negotiate offers.

Mistake #4: Not understanding the real estate contract - Because real estate contracts are legally binding documents, it's crucial to understand what you're agreeing to when you sign the papers. Are you agreeing to cover closing costs? To make additional repairs before moving out? Having your REALTOR® explain the legalese can help you avoid costly misunderstandings.

Mistake #5: Not having proper help - The value of REALTORS® extends far beyond their access to the Multiple Listings Service (MLS)-it lies in their robust statistics packages, marketing techniques, ethical service, and knowledge of legal and financial matters. Don't go it alone. Being able to rely on help from a real estate professional can save you time, trouble and money.

If you’re debating whether to invest in home remodeling, consider this: On a national level, most remodeling projects that recouped the greatest percentage of cost in 2009 were exterior improvements that cost less than $15,000.

Results from the 2009 Remodeling Cost vs. Value Report produced by Hanley Wood, LLC, show remodeling projects that boost curb appeal, increase energy efficiency and put the home in move-in condition have proved popular with buyers during trying economic times.

Nationwide the biggest returns were seen with the addition of a steel entry door (128.9 percent of costs recouped), upscale fiber-cement siding (83.6 percent of costs recouped) and a wooden deck (80.6 percent of costs recouped).

On a local level, Austin homeowners saw a return on their investments not only in smaller-scale exterior improvements, but in significant indoor renovations. What’s even better news for Central Texans is that Texas and other southwestern states outperform most of the nation in terms of remodeling costs recovered upon resale, according to the Cost vs. Value Report.

Below are some of the remodeling projects that yielded the biggest returns for Austin homeowners in 2009:

• Steel entry door replacement (120.7%)
• Attic bedroom remodel (97.4%)
• Basement remodel (92.0%)
• Vinyl window replacement (85.3%)
• Fiber-cement siding replacement (82.5%)
• Major kitchen remodel (81.3%)
• Grand Entrance (81.2%)
• Minor kitchen remodel (79.8%)
• Wood window replacement (79.3%)
• Foam-backed vinyl siding replacement (78.3%)

For more information on home remodeling, contact your Central Texas REALTOR®.

Fact or fiction? Find out which statements are complete myths when it comes to Austin’s real estate market.

1. Home prices have decreased dramatically. Wrong! Data from the Austin Board of Realtors® shows that median price levels have remained stable while gradually increasing—for example, a median price of $175,500 seen at the start of this year (January 2009) had become $185,250 by the end of the third quarter (September 2009). In addition, median prices seen throughout 2009 have fluctuated only slightly compared to 2008 while remaining above those seen in 2007.

2. It’s the wrong time to buy real estate. False! Thanks to its job market, stable home prices and affordability, Austin has the second healthiest housing market in the nation. There are plenty of homes available, and those ready to buy can take advantage of homebuyer tax credits, housing grants, low interest rates and renewable energy incentives.

3. It’s the right time for everybody to buy real estate. Nope! Whether it’s a good time to buy depends not only on the local housing market, but on the goals and unique situation of each person. Someone who is neither emotionally nor financially ready to handle homeownership should not enter into a real estate transaction—even when the market presents good opportunities. Talk to your REALTOR® to make the decision that’s right for you.

4. It’s a terrible time to sell. Wrong again! Austin real estate is sold every day to first-time and seasoned homebuyers looking to take advantage of amazing homeownership opportunities and incentives. In addition, sellers who work with a REALTOR® can usually sell their homes more quickly…in any market.

5. More homes are being sold by owners, making REALTORS® obsolete. No way! In the Austin area area, the percentage of people who planned to use a REALTOR® rose to 82 percent in 2008. According to the National Association of REALTORS® (NAR) the majority of For-Sale-By-Owner (FSBO) sellers are located in rural areas and small towns where the seller knows the buyer. It’s important to recognize that the value of REALTORS® goes beyond their access to the Multiple Listing Service (MLS)—it lies in the many other resources and services they bring to the table.

Central Texas real estate is different. Get the facts from your REALTOR® today or Find a REALTOR® on AustinHomeSearch.com.

Selling a home can be more challenging during winter months — the lawn is brown, you have fewer daylight hours to show the home and the weather is often cold and rainy. Consider the following tips to help spark buyer interest:

1. Warm the room. Before potential buyers arrive, adjust the thermostat to a slightly warmer temperature. If you have a fireplace, turn it on to add ambience and additional light and warmth. Be sure, though, to never leave the house while the fireplace is still in use — you don’t want to risk a fire!

2. Make guests feel welcome. Setting the table with good china, silver and linens makes guests feel as if they’ve been invited to a party. Displaying warm holiday cookies or cider is another wonderful way to say "welcome".

3. Wash the windows. During winter you might not think of washing windows, but this can make a huge difference in the appearance of your home. Make sure you can proudly showcase sparkling window panes when opening the curtains.

4. Add a hint of home-cooking. The scent of chocolate chip cookies, cinnamon rolls, freshly baked bread, apple pie and vanilla is popular among homebuyers. Just remember: Unless you’re actually baking these goodies, keep the fragrance subtle — overusing candles and sprays can have a negative effect.

5. Keep the holiday spirit alive. When religious holidays end and most decorations come down, you can still use winter wreaths and arrangements to add color and maintain a festive flair.

REALTORS® know the best ways to effectively market homes, so be sure to contact a REALTOR® for all your home selling needs. Find a REALTOR® today on AustinHomeSearch.com.

So it’s time to move. Instead of reaching for the panic button, form a plan of attack. The following tips can help:

1. Call the mover. If planning to use a moving company, call for estimates about six weeks in advance. This will give you time to review transportation costs and insurance plans and help ensure movers will be available.

2. Get rid of the junk. Why spend time, energy and money moving items that you’ll only throw away once you move in to your new home? Hold a garage sale to get rid of unwanted items or donate them to charity before you start packing.

3. Contact service providers. Alert gas, electric and water utility providers of your upcoming move so that you’ll have service upon arriving in your new home. Also make sure bills and any publications you receive will be forwarded to your new address.

4. Pack deliberately. Pack items of similar nature or from the same room in the same box—this will make unpacking much easier. Clearly label the contents of each box and indicate the room to which the box should be delivered.

5. Protect your goods. Keep dirt, dust and scratches off your furniture by covering it with old fitted sheets. Individually wrap breakables in paper before placing them in a box. Newspaper will work fine, although it can leave a film on your dishes that you’ll need to wash off, so you may want to consider purchasing white packing paper. Be sure to line your box and stuff open pockets with plenty of crumpled paper, towels or other linens. If you can hear a “clinking” noise as you pack or move items, you’ll need to add more padding.

6. Separate essentials. Prepare a “carry-on” box or bag containing items you’ll need access to during the trip or upon arrival. This may include toiletries, disposable plates and utensils, important papers, cell phone chargers, and so forth.

Remember: By planning ahead, staying organized and finding a way for the whole family to get involved, you can avoid some of the frustration and anxiety that often comes with such events and focus instead on the excitement of moving into your new home!

If you’re in the market to buy or sell Austin real estate, you may have heard of Austin’s energy efficiency ordinance, officially known as the Energy Conservation Audit and Disclosure (ECAD) Ordinance.

Under the ECAD Ordinance, some Austin homeowners are required to have an energy audit performed on their home prior to selling it and share that audit report with potential buyers. In most cases, an audit is required for homes lying within the Austin city limits that are older than 10 years and serviced by Austin Energy. (Exceptions apply, so talk to your REALTOR® about whether the ordinance will affect you.)

Though the ECAD ordinance took effect June 1, 2009, the city’s effort to “go green” and stop manufacturing excess carbon dioxide (CO2) dates back much further.

In 2007, 70% of the city’s electricity was being used by homes and commercial buildings, with the average home generating twice the greenhouse-gas emissions as the average car (roughly 11,450 pounds of CO2 yearly, according to the Environmental Protection Agency).

With this in mind, the Austin City Council established the Austin Climate Protection Plan (ACPP) with the goal of making Austin “the most livable city in the country” and a carbon-neutral city by 2020.

As the ACPP consists of five components, each with their own specific initiatives, the ECAD Ordinance was created to address but a single part of the puzzle: how to pursue energy efficient upgrades for existing buildings. The ECAD Ordinance seeks to educate homeowners on potential for energy savings within their home in hopes that they will voluntarily opt for cost-effective upgrades.

Energy audits are good for 10 years, so consider having an audit performed on your home now to prevent a last-minute scramble and begin benefiting from the audit findings today. For more information on the ECAD Ordinance, talk to your Central Texas REALTOR®.

Thinking of buying or selling real estate in Austin, Texas? That’s fantastic!

As history has proven, Texas survives. That’s why we are ranked as the top state for business and jobs in the current economy, the second largest cyber state and fourth best tax free haven.

And located in the heart of the Lone Star State, Austin has been recognized among the top 10 best cities to live.

So what does this mean for Austin’s housing market?

Undeniably, effects of the national economic crisis have trickled into nearly every city in the nation. However, because of its location, diverse economy, and business opportunities Austin has been named the city best poised for recession recovery by Forbes, with its economy projected to grow by $5 billion by 2010.

Though Austin has taken its lumps by way of decreased sales volume along with everyone else, “the bloom is back in Austin’s yellow rose” according to Boyce Thompson of Builder, which ranked Austin the second healthiest housing market for 2009 based on its location, pricing and population trends, number of building permits and local job growth.

Austin real estate has proven a strong investment. Those who purchased a home at Austin’s median price six years ago would find that it has increased in value by 20 percent. The city continues to “hold the line” on home value because Central Texas real estate prices have not experienced periods of rapid inflation or deflation.

AustinHomeSearch.com is one of the most trusted and comprehensive online resources available to find a REALTOR®, browse properties and learn more about Austin real estate. Why not begin your Austin home search today?