Cain Realty Group Austin Real Estate Blog

Austin is the 5th Housing Market Choice of Millennials -Realtor.com

The millennials are truly a surprising driving force of the U.S. economy. In fact, it’s hard to believe that the youngsters who used to worry only about fashion, dating, and going to concerts and movies a few years ago are today’s dominant group—dictating on trends in job placement, pop culture, media consumption, and even on the housing market. A recent article published by Realtor.com discusses interesting data: millennials are found to make up only 13.6% of the U.S. population, but 30% of the current population of existing home buyers are millennials. That’s roughly 43.5 million people, aged 25 to 34, shifting one of the most important markets that fuel the U.S. economy.

On that note, Realtor.com’s 2016 real estate forecast made it a point to study and find the top 10 housing markets that will likely see a surge of millennial buyers. While it...

2016 Commercial Real Estate Awards (Austin Business Journal)

2016 Commercial Real Estate AwardsWorking in the real estate industry? It might be a good idea to brush shoulders with the right kind of people who could help you grow your business at the 2016 Commercial Real Estate Awards dinner. The event recognizes individuals in the commercial real estate industry that “take the risk to advance, preserve or positively change our community.” Projects and transactions that have made a big impact to the Austin community and its citizens will be honored at the formal event.

The dinner will be hosted at the Four Seasons Hotel, 98 San Jacinto Blvd, on May 10, 2016 (Tuesday). The event...

What the Color of Your Front Door Says about You and Your Home

Did you know that your front door is the focal point of your home's exterior, affecting the way your potential buyers perceive your humble abode?

Debbie Zimmer, color expert at the Paint Quality Institute, explains that the front door, as a central piece to your house's interior design, has the ability to send a message to people looking at your facade. 

Of course, as a home seller, you'd want your front door to send the right kind of message-- one that would beckon them to enter and fall in love with the property instead of giving out a wrong impression and cause buyers to quickly turn and run off.

Color psychologists have deduced the meanings and impressions caused by each color when used on a front door, so here are the colors you might want to consider for your front door if you want to send the right message and close a deal:

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Enhance Your Home Curb Appeal like a Pro

Enhance Your Home Curb Appeal like a Pro

Home owners wanting to sell their homes have to look at their listing from the eye of the home buyer. As the owner, you might be aware of all the good points your home has, but buyers would most likely see the flaws and the things that need improvement (and additional expense on their part) first. To be on the safe side, you have to ask yourself these questions:

“Why are those bushes blocking the view of the front windows?”

“Why did they allow all the mulch to get washed away?”

“When...

Top U.S. Cities for Saving Money

Ever heard of the saying “everything’s bigger in Texas”? Apparently, the popular saying is applicable to the saving accounts of Texans, too. GoBankingRates.com ranked the 100 largest U.S. cities from best to worst on seven factors that affect a person’s ability to save--factoring in median home prices, incomes, monthly rents, etc. The results place five Texas towns on their list of the top 15 thriftiest places in the U.S.

Cameron Huddleston, Life + Money columnist for GoBankingRates, suggests that, “if you’re looking for an affordable place to live that will leave enough money in your budget to stash in savings, consider the South, Southwest, or Midwest… most of the best cities for savers are in these regions, where housing costs and everyday expenses are relatively low.”

California, on the other hand, fared differently in the study as results show five...

3 Reasons Why You Should Consider School Districts When Buying a Home

Regardless of whether or not you have school-age children, buying a home near a good school is beneficial to you as a home buyer/investor and eventual home seller.

Home buyers typically consider the following factors when looking for a home: price, neighborhood, square footage, number of bedrooms and baths, lot size, the condition of the home, and special amenities, to name a few. But did you know that it is also wise to look at the school district where your potential new home belongs? FACT: The quality of nearby schools affects the home sale prices and eventual resale prices of homes in the area.

Even if you don’t have or never plan to have kids, the quality of nearby schools can have an impact on how much you pay and how much you sell a home for later.

Reason 1: Parents are willing to pay more to live in a home in a good school district.

Even though you don’t have kids, you would absolutely benefit from living near a good school because potential...

We Don't Need a Real Estate Buyers Agent... right?

Since the advent of the internet and mobile devices, the power to search for properties has been transferred from the realtor's hands to the potential home buyer. With unprecedented information accessible to anyone who wants to look for a home online, we begin to question if there is still a need to work with a real estate buyer’s agent.

But can we actually cancel out the buyer’s agent in the home-buying process? This article enumerates the numerous functions of a buyer’s agent and the reasons why working with one is still the smart approach to home buying.

  1. Most online sources provide outdated or incomplete information about homes for sale. Prospective home buyers may be able to look for a home online, but there is no guarantee that the property they will find online is accurately described or still available for purchase.
  2. A buyer’s agent represents the buyers in the process, gives advice to the buyers, and negotiates the terms of the purchase in favor...

Landscape How To’s for First-Time DIYers

Buyers often take careful consideration of the location, price, and curb appeal when making a decision to purchase property. Therefore, the smart home seller knows that investing in the home’s landscape is a smart move with lucrative payback. But how much is enough? And is it a job that can be left to a DIYer’s hands? This article is for people who would like to learn about how to plan and execute a landscape design to boost their home’s value. May these tips help you decide how much investment is required and whether or not your DIY skills are sufficient for the job (TIP: it’s not that easy!):

Step 1: Design a Master Landscape Plan

What you want to see in the landscape may be suitable for your taste, but not to your home buyer. Should you install a vegetable garden? A pond? Perhaps an outdoor kitchen? It’s easy to change your mind (and add to your costs) while getting the job done in your effort to please a potential buyer, but the smart thing to do...

Study Reveals Actual Savings from Energy Retrofits for Homes

Energy Efficiency Retrofitting SavingsA recent study conducted to observe the actual cost-efficiency brought about by energy-efficient retrofitting has provided very impressive results. In a cost analysis conducted before and after retrofitting multi-family properties with energy efficiency products in HUD’s Green Retrofit Program, it was found that each unit saved $213 and $95 in energy and water costs respectively. In multi-family buildings, the reduction in energy consumption was over 18%.

Conducted by Bright Power and Stewards of Affordable Housing for the Future, the study analyzed data from 179 properties in the program and another 57 properties under the Illinois’ Energy...

Spring of 2016 Poses Difficulties for Home Buying Millennials

An improving job market, low mortgage rates and high apartment rentals may finally encourage millennials to invest in real estate this spring. However, NAR’s existing home sales report for February indicates that first-time buyers may find it difficult to find a home. The lower-price market is severely limited, with inventory for homes priced below $250,000 falling 8.2% in January from last year’s stats.

As a result, buyers will most likely face steep competition in finding the right starter home. A Redfin index indicates that requests for property visits rose in the first two months of 2016, with record highs since the brokerage began tracking data in 2012.

Redfind’s chief economist, Nela Richardson, tells Bloomberg,  “as soon as a house hits the market, it will be eaten by the huge demand...

Fannie Introduces Loan Option for Energy-efficient Home Upgrades

Fannie Energy Efficiency Upgrade loan

Fannie Mae recently introduced a new program called HomeStyle Energy mortgage to help borrowers make energy and water energy efficient upgrades to their home. 

The new loan will enable home owners to finance energy upgrades when purchasing new property or refinancing their current home. Condo owners may also apply for the said loan.

Borrowers can receive as much as 15% of the appraised value of the home they are purchasing or upgrading. If you want to apply for the said loan to make upgrades, you have to prepare an energy report. Without a report, borrowers can only apply for financing $3,500 worth of water efficiency upgrades.

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Simple Fixes to Pet Damage in Your Home

Our furry friends truly add value to our lives, but it doesn’t mean that their presence in our house adds value to it, too. While we love having our beloved pets around, it may be wise to pay attention to pet damage in our home as this may affect how a potential buyer may view the house in the future. While it is impossible to keep a house with pets immaculate, RISMedia recommends paying attention to the following most common pet-related home problems that may help keep the visible damage (and potential turn-off) for buyers at a minimum:

Carpet stains. The best solution to keeping your carpets in pristine condition is to schedule regular professional cleaning. However, “accidents” may happen and you should be prepared to apply emergency countermeasures to lessen the staining. Always wipe up the mess IMMEDIATELY; use a paper towel to clean up, and follow through with a mixture...