Downtown Austin Condo For Sale Resource

FORECLOSURE REALITY CHECK…. The only “sellers market” in america is the foreclosure market. Don’t expect any deals from a foreclosure as the bidding process brings 20-30 people to bid on almost every deal. A deal that was already priced at market. For government foreclosed homes, by law, they have to be priced “at market”.

The REO manager has a short list of “cash/close in 2 day buyers”, they always get the first right to bid. Then they have to wait for the “public auction” Which drives up those prices. After a 30-60 day period. Then the REO picks the best bid. Sometimes, only sometimes does a REO manager take a property directly to a buyer he knows peronsally. Why should he, he has a bunch of people bidding and driving up the prices.

My REO manager friend likes to joke about all the “first timers” who continue to drive up the bid when they don’t hear anything from the bank. Every time I see the “how come I haven’t heard from the bank about accepting my foreclosure bid after 30+ days” on trulia, I have to let out a chuckle because he’s so right. For those newbies, this is real. They know that when you don’t hear from them that a large percentage of people drop a second or third offer higher than the previous one. **WARNING, YOU ARE BEING TAKEN ADVANTAGE OF HERE**

You want a deal on a property right, everyone wants that…. So the moral of this story is:
1. the 60 days you have to wait to hear from a REO, you could have made 2 or 3 better deals with a property that has been on the market for a long period of time. A good realtor will drop an 80% offer on a property and get one accepted.
2. You are attempting to make a deal in a house covered in a cloud of bad energy, don’t be surprised when it rubs off. Personally I stay away from these for this reason entirely.
3. One way to get a deal is dropping a hand written note on ANY house in a neighborhood you want to buy that says “my girlfriend and I want to buy a house in this neighborhood and yours looks cute from the outside. Do you know anyone that is looking to sell?” I always get responses, better prices and positive energy into the home.

Our fastest growing buyer profile is from people looking for deals who have lived this expirence.

Responding to customers demand for more video content before they start shopping, we’ve added 20-30 condo projects to our video library on the website.

You can now search downtown Austin condo projects, special buyer incentives and condos while getting a feel for the vibe and street scene. We hope you enjoy the content.

About the Live Well team:
Our small boutique community of highly productive agents specializes in the marketing of downtown Austin condos, eco-friendly green communities and spaces considered out of the ordinary. We’re creative, think out of the box, and customers love us because we treat them like family. Simply put, we find property that fits your lifestyle.

Projects offered exclusively by the Live Well Team:

Star Riverside Waterfront modern contemporary in the heart of downtown Austin http://www.starriversideaustin/

Revolution Riverside Waterfront contemporary with a unique Austin vibe http://www.revolutionriverside.com/

Willow Branch Lofts Totally functional live – work spaces that are kinda cool, eco-friendly and $5 cab ride to downtown http://www.willowbranchlofts.com/

Forest Creek Condominiums Luxury golf course living near Dell http://www.austincondos.net/

Barton Place is a new condominium community at the center of all that’s uniquely Austin. It’s more than an address, it’s a connection to the spirit of the Capital city. Come experience it for yourself with prices starting in the high $200s.

Saltillo Lofts are a residential/retail mixed mixed unit development that is within walking distance of I-35 & all that the rapidly growing Eastside has to offer. Saltillo Lofts are within 1 mile of downtown Austin, and have fantastic access to bus routes & major highways. Saltillo Lofts completed construction in 2006. Resale units will be available periodically.

The much anticipated Twentyone24 condos offer lofts, flats, and primo units in prices ranging in the $190s to the $280s. The incredible location of the building (just one-mile from downtown 6 th street) allows resident’s easy access to Austin’s vibrant and happening downtown. Units offer 11ft ceilings, concrete floors, granite countertops, black or stainless steel appliances, and amazing views of the city.