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5 Austin Property Buying Tips

Austin, the capital town of Texas, is just one of my personal favorite places to live in. And not only is mine, the town is at top of many people's list of the best places to live in, which has made every inch of Austin real estate a hot cake among realtors. Last year, Money magazine selected the city as the No. 3 Best Big City in "Best Places to Live", also it was at No. 2 position in 2006. Other accolades that Austin has received include:

   Greenest city in America, MSN
   No.2 city with the best people, CNN Headline News and Travel & Leisure magazine
   America's No. 1 college town, Travel Channel
   5th safest city
   The least stressful large metro area, Forbes magazine.

Can now the thing is why the houses in the capital city of Texas can be purchased well before "Austin Homes for Sale" placards are put before them? Not just that, the rub-off effect of Austin's property success is visible on homes in Kyle too, a town 21 miles southwest of Austin. Call it Austin phenomenon that even "Kyle homes for Sale" placards don't have to wait longer prior to it being shoved within the already crowded stowage.

Austin Real Estate


The Silicon Hills not the Silicon Valley

Austin also goes by the name of the "Silicon Hills" because of the high power of high-tech firms operating within the city. 3M, AMD, Apple Inc., Applied Materials, Cirrus Logic, Cisco Systems, Dell, eBay/PayPal, Freescale Semiconductor (spun off from Motorola in 2004), Google, Hewlett-Packard, Hoover's, IBM, Intel Corporation, National Instruments, Samsung Group, Silicon Laboratories, Sun Microsystems, and United Products are what they are called from the high-tech companies running their from Austin.

These companies make the buying price of local property go through the roof compared to the real estate prices in lots of parts of rural Texas. But nonetheless it's much cheaper compared to housing cost in the Silicon Valley. That's the reason many tech giants are popular city making "Austin Homes for Sale" placards disappear much more quickly than it should.

It isn't just the high-tech companies that are coming to the city; it is pharmaceutical and biotechnology companies too. 85 companies in the industry operate out of Austin.

These companies combined with the state agencies, colleges, and universities produce so much of employment that it helps make the city a location where a person can allow its dream to fly. The city is up for a dream run, and so are the folks living here.

But, what about those who do not reside in Austin? Just how can they take advantage of opportunities presented by this city? Well, they need to subside within the city as well as for that they will require a home in the city. The following paragraphs will help them find a perfect nest I (almost) for themselves in the city.

Austin Real Estate

5 Austin property buying tips

Investigate the neighborhood: This is something anyone asks you to do. It is an absolute must because you are likely to spend more time with people there. Find out if the neighborhood would work for you personally or otherwise, and when it can meet your needs or not. Check the following:

   Crime rate
   Schools
   Supermarkets
   Departmental stores
   Park
   Sports club & gym
   Doctors and hospitals
   Police and fire department

Find a real estate agent you can trust: Finding a reliable Austin real estate agent is really as important as getting a good neighborhood. A real estate agent won't find a good home in the best price for you personally, but he'll also assist you to settle in the locality. He'll assist you in finding shops of daily requirement, as well as use his understanding of the community to help you subside. I've heard about many stories where Austin realtors have turned into an ongoing friend for his or her customers.

Visit a handful of houses: Do not commit an error of settling down for that house shown to you in the very first time. Austin has numerous good houses in every neighborhood. Take a look at minimum 4-5 houses before deciding on any. Click pictures of each home that you visit, and request the advantages each one has to provide.

Pay your Austin realtor well: Bargaining with an estate agent on his commission is not that good an idea. After all, it is on him that your property-search depends. A grumpy real estate agent could get a bad deal, whereas, a contented agent can get you the house at the best possible price.

Hire a home inspector: A house inspector can help you assess the worth of the home you are thinking about. He will also let you know about things that will need immediate fixing, and things that can wait. He'll spend an entire day in the house and can produce house audit report, that will cover every factor of the ownership.