Terronald Logan, REALTOR® Austin, Texas Homes for Sale

Welcome to 2012: The Year of the Short Sale. It's my first post of 2012! Things are already in full swing in the new year, and I wanted to start the year off in discussion of the very real reality of what is expected to be happening across Texas this year, including in the Austin market. After recently attending a 2012 Austin area housing forecast, it became ever more apparent that our home sales price issues are unfortunately still looking bleak. With that in mind, in 2012 it is anticipated that we will see a significant increase in the number of Austin short sales.

In fact, during the first week of 2012, I listed three Austin-area short sales! Keep in mind that this was during a holiday week, and if the trend continues, as we anticipate it will, we will see many many more short sales in Austin this year. According to recent surveys, over 70% of all homeowners that get foreclosed never contact anyone for help. A fact that demonstrates to me that the real estate industry as a whole, and specifically we agents, need to be doing a better job of getting help to these homeowners before foreclosure happens.

Nationally, the foreclosure activity at the end of 2011 is beginning to hint at a rising number of distressed properties hitting the market, and the Office of the Comptroller of the Currency recently released data to support the same. On January 4th, 2012, Federal Reserve Chairman Ben Bernanke sent a letter and white paper to Congress outlining his insights and recommendations on restoring the health of the U.S. housing market. Among many key findings, the paper strongly recommends incentives for alternatives to foreclosure, namely a short sale or deed-in-lieu.

The more listing appointments I go on, the more I'm finding sellers in need of an Austin short sale agent who is competent in how to successfully complete the short sale process. I have intentionally chosen to be an Austin REALTOR® who specializes in short sales because I am passionate about helping those in need of assistance prior to their house hitting the foreclosure chopping block. Unfortunately, many agents choose not to work in the Austin short sale market due to the amount of work it takes to successfully complete a short sale transaction to closing.

For this reason, I implore all homeowners looking for an agent to complete a short sale do their research to ensure you're hiring someone with the necessary experience to get the job done. For, many homeowners usually only have one shot to get the short sale done correctly before facing foreclosure, so picking the right Austin short sale agent is paramount. Fortunately, my short sale team has successfully closed over 500 transactions, and we have a seamless process in place in order to give sellers looking to complete an Austin short sale peace of mind.

If you or someone you know may be in need of short sale assistance in the Austin metro area, it'd be my pleasure to have a no-obligation consultation to see if perhaps, like many of the other people we've been able to help, you could be next.

It's Christmas in Austin! Wishing you and yours a very Merry Christmas. I wanted to share with you this wonderful music video, "Christmas in Austin," very fitting of the Live Musical Capital of the World®.

The creator of the video states, "In Austin, we put our own unique spin on the holiday season - so come on over for a visit and experience it for yourself. From margaritas for Christmas to rockin' around the Zilker tree- you'll always find something playing. And live music is just the beginning."

Whether you're sippin' margaritas with us here in Austin for Christmas, or if you're sitting by a fire in Boston, I hope you have a wonderful day of joy and cheer with those you love.

Terronald did it again! He just SOLD 16106 Windermere Dr. in Pflugerville, TX. The townhouse was previously listed by Bella Real Estate for 229 days. Terronald took over once the listing expired, and within the first couple of weeks, the sellers had FOUR offers for purchase. Being in this situation clearly is an advantage to any seller, and the sellers chose the best of the offers, and the property went on to smoothly close.

Terronald Logan is an Austin-area REALTOR® specializing in expired listings, just like this one, in all price ranges. Austin expired listings are ones that other agents are unable to sell, and that's when Terronald's expertise comes in handy. Has your property failed to sell with another agent, and you're looking for a fresh new way to get it sold? Give Terronald a call for a hassle-free, no obligation consultation, and start packing!

Terronald Logan Seller Testimonial. Meet Chuck and Ofelia. Their townhouse was an investment they made upon moving to the Austin area from California several years ago at the top of the real estate market. When they decided they wanted out of the investment, and wanted to sell it, their previous agent was unable to get the job done, knowing that foreclosure was looming. When the going got tough, and due to limited experience with Austin short sales and pre-foreclosures, the listing expired, and the agent came and took his sign and lockbox without even a call to the sellers.

That's when Terronald gave them a call, and without a hitch, successfully completed a short sale for Chuck & Ofelia just before Christmas, and now they no longer have to worry about the bank knocking on their door during the holidays. Terronald is an Austin area agent who specializes in short sales and properties that other agents were unable to sell (expired listings).

Are you or someone you know behind on your mortgage payments or soon will be? Are you facing potential foreclosure, and desire the help of an experienced REALTOR® who can get the job done and even help with guaranteed complete credit repair? Or are you someone who had a house for sale with an agent who couldn't get it sold and the listing expired? Give Terronald a call and start packing! It's a pleasure to help.

Here are Four Things to Do in Austin, Texas this coming week. Enjoy the coming week, and let me know if you enjoy any of these events!

1. Friday night lights heats up locally as Lake Travis takes on Cedar Park in the UIL Class 4A, Division 1 football quarterfinals. The game will be held at Royal Memorial Stadium and the winner will advance to the semifinals. For more details, please click here.

2. Come take part in the event with the longest possible name, The 22nd Annual Capitol Christmas Holiday Sing-Along and Downtown Stroll, on Saturday starting at 6 pm on the south steps of the Texas State Capitol Building. Click here to learn more.

3. The Zilker Tree Lighting festival will take place Sunday evening at 6 pm and will continue to be lit every night through December 31st. Food vendors and school choirs are scheduled to liven up the atmosphere. For more, click here.

4. Always lots of live music…this is Austin, after all. Here are some suggestions for the upcoming week: Check out Stanley Jordan at One World Theatre on Friday, The Wood Brothers play The Parish on Saturday (featuring Chris Wood of Medeski, Martin, and Wood fame), The National at Austin Music Hall on Sunday, and Cake at Stubb's on Sunday.