Brian Martin: Northwest Austin Real Estate

NORTH AUSTIN REAL ESTATE: Exploring the Option Period. What is an option period? What needs to be done during the option period? Why is an option period important for a homebuyer? What rights do home sellers and home buyers have during the option period?
I work with a lot of of first time home buyers. I also tend to work with a lot of first time home sellers and what I like to call long time home buyers (people that have not purchased a home in a long time.) For most of these people a few questions come up about the option period. Here in Texas, you can negotiate an option period within a purchase contract to buy a home.

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Posted by Brian W Martin REALTOR for The Pinnacle Group of Keller Williams specializing in Assisting Buyers and Sellers to make educated decisions in Real Estate transactions in North Austin, TX

NORTH AND NORTHWEST AUSTIN REAL ESTATE: Exploring the Option Period. What is an option period? What needs to be done during the option period? Why is an option period important for a homebuyer? What rights do home sellers and home buyers have during the option period?
I work with a lot of of first time home buyers. I also tend to work with a lot of first time home sellers and what I like to call long time home buyers (people that have not purchased a home in a long time.) For most of these people a few questions come up about the option period. Here in Texas, you can negotiate an option period within a purchase contract to buy a home.

What is an option period?

In the Texas Association of Realtors form (TAR 1601) "One to Four Family Residential Contract", Paragraph #23 titled Termination Option basically states that for a negotiable amount of money, the buyer receives the unrestricted right to terminate the contract within the negotiated amount of time.

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Posted by Brian W Martin REALTOR for The Pinnacle Group of Keller Williams specializing in Assisting Buyers and Sellers to make educated decisions in Real Estate transactions in Northwest Austin, TX

North and Northwest Austin Real Estate: North and Northwest Austin Real Estate is a Sellers Market!
I know it may be hard to believe but it is true. All of the national and so-called "local" news talks about Real Estate being a buyers market right now. Well, as they say, Real Estate is local, sometimes even hyper-local. North and Northwest Austin are actually in a sellers market. If you believe what they write in the local papers, you may think it is a horrible time to sell a house. Is this true? No. Does this mean that it is not a good time to buy a house if it is a sellers market? No. Are there deals on NW Austin homes for buyers? Definitely. Can you sell your home for more today than you would have in the past? Possibly. Let me explain a few things...

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Posted by Brian W Martin. Brian is a REALTOR for The Pinnacle Group of Keller Williams specializing in Assisting Buyers and Sellers get the facts and make educated decisions about Real Estate in North and Northwest Austin, TX

PFLUGERVILLE HOMES: Featured Property-
1245 Orchard Park Circle
This is a great townhome in Pflugerville. It is 1223 square feet and has been nicely remodeled. It has three bedrooms, two bathrooms and a private garage that makes i tfeel like home. At this price it is a great deal!

Click here for more info on this Pflugerville Home for Sale

Posted by Brian W Martin REALTOR for The Pinnacle Group of Keller Williams specializing in Assisting Buyers and Sellers of Residential Real Estate in Austin, TX

NORTHWEST AUSTIN HOMES: It is important to look at how the market is doing. National media as well as local media reporting national news definitely makes an impression on buyers and sellers of real estate in Austin. You cant always believe what you read in the newspaper. I like to know what is actually going on with Northwest Austin Real Estate. I speak with people all the time that want to know what is going on with the market. I work with buyers and sellers to give them an outlook of the market that is very specific to their needs. This is just meant to be a general outlook of two areas in Northwest Austin and the statistics are taken from the Austin Board of Realtors MLS including all homes in the specific area with no regard to square footage, age, lot size, condition or price. The sales numbers only include the last 30 days. (12/19/08 - 01/19/09)

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This post was written by Brian W Martin REALTOR for The Pinnacle Group of Keller Williams. Brian works with his clients to help them make the right move when buying or selling their Northwest Austin Homes.