The 48th Texas Legislative Conference in New Braunfels was full of information about water and oil & gas activity in Texas. This has a huge impact on our real estate market. 1,000 people per day are moving to Texas!! It was a pleasure gaining education and representing the CTX Association of Realtors today!–Katie Clark
Archive for the ‘Economic Development’ Category
U.S. Commerce Department awards $1.25 million EDA grant for CTTC expansion
Date: March 19, 2014
The U.S. Secretary of Commerce Economic Development Administration (EDA) has awarded a $1.25 million grant to fund expansion of the Central Texas Technology Center (CTTC). The expansion will enhance workforce training in science and technology in support of the region’s goal of expanding its manufacturing and industrial base.
The project is a collaborative effort between the cities of Seguin, New Braunfels, Seguin Economic Development Corporation, the New Braunfels Chamber of Commerce, New Braunfels Industrial Development Board (4B), and Alamo Colleges. The initiative received $4 million in funding from voters in the New Braunfels 2013 Bond Program. The New Braunfels Industrial Development Board has committed $320,000, and the Seguin Economic Development Corporation is supplying $600,000 towards the estimated $6.2 million project total.
“We are gratified to receive the support from the EDA and our congressional representatives,” said New Braunfels Mayor Gale Pospisil. “Successfully obtaining funding for this essential project is a great example of a partnership between entities in our region achieving a common goal, with mutual benefits, by working together.”
The CTTC provides vital workforce development for the cities of New Braunfels and Seguin as well as Comal and Guadalupe counties. Enrollment capacity has been exceeded and the expansion will effectively double the Center’s current size in order to accommodate additional students by adding general instructional space, biology and chemistry labs, student support areas and faculty offices.
“The CTTC has played a critical role by providing training for such Seguin businesses as Caterpillar, Continental, CMC Steel and Alamo Group,” said Phil Seidenberger, President of the Seguin Economic Development Corporation Board of Directors and Chairman of the CTTC Advisory Board. “A technical training center such as the CTTC is an attractive benefit for companies looking to relocate or expand in our area. Many industries today require advanced technical skills training and subsequently, offer higher wages. The CTTC fulfills that need for these businesses and our local workforce.”
EDA grants are awarded through a competitive process based upon the application’s merit, the applicant’s eligibility, and the availability of funds. More information on EDA’s grant process and investment process can be found at http://www.eda.gov
Posted by: Sami Kuhn
Walmart to build second Walmart Supercenter on Seguin’s west side near Caterpillar at Interstate 10 & Highway 46. The $3 Million project is scheduled for completion in 2015. Parcels are being negotiated for sale & lease. Seguin is growing!! Call Corner Post Real Estate to stay up to date on the real estate market and how the future growth is going to affect different areas.
We are excited to hear about the new 5,000 sq ft, 360 jobs (in the first year) facility opening in Seguin, TX just North of Continental! Welcome to Seguin Helmerich & Payne!–Katie Clark
Westerholm-Koehler Insurance in Seguin, TX recently hosted a flood insurance training for local Realtors in Seguin, New Braunfels, and San Marcos. I am happy to share the information with you if you have any questions about the new FEMA Guidlines with subsidizing flood insurance. Flood Insurance impacts a lot of our homes in Guadalupe, Comal and Hay’s Counties because of our rivers. As your Real Estate professional, Corner Post Real Estate always strives to stay educated on anything that can affect you buying and selling homes in our area.–Katie Clark 830-305-0699
Although it doesn’t rank as high as some other stressors, purchasing a home is still considered a stressful—though exciting—life event. The exciting part has been my experience, but I can see how the potential for stress isn’t that far behind. Here are three easy ways to decrease homebuying stress, including my No. 1 secret weapon for stressing less:
Stressbuster No. 3: Be Prepared
Interest rates were really low last year, but my husband and I just weren’t ready to buy yet. We wanted more money in savings and for a downpayment. Take a close look at your situation and decide if buying a home is a step that you are truly ready to take. If you think you may move from your city in a year or two, or if you aren’t sure what your financial outlook will be, it’s OK to wait. You’ll only be setting yourself up for future stress if you force a big purchase you’re not ready for.
Stressbuster No. 2: Be Realistic
There are certain priorities that we decided on before starting our home search. For instance, we prefer two bathrooms, and we also have a favorite neighborhood we can see ourselves living in for a long time. But we also know we can do without one more bedroom, and we can live with popcorn ceilings. There’s nothing wrong with coming up with a list of must-haves, but flexibility is the key to staying stress-free.
Stressbuster No. 1 and Secret Weapon: A Texas REALTOR®
My Texas REALTOR® is my secret weapon and No. 1 stressbuster because she knows exactly how to handle everything that comes our way. She answers our seemingly endless questions and gives us helpful advice about everything from the transaction process to being good homeowners. I never have to worry about what our next step is since she’s always there to make sure we’re on track. Even as the clock ticks toward closing, I feel at ease knowing my Texas REALTOR® is working hard for me.
Real estate transactions are complicated, and quite frankly, I don’t have the time or interest in dealing with every detail. My Texas REALTOR® takes care of those details for me, so I can focus on finding the right home at the right price. If that’s not a good secret weapon to have for your home search, I don’t know what is.
10/16/2013 | Author: Summer Mandell
Corner Post Real Estate is knowledgeable about several reputable builders for new construction in the Seguin, New Braunfels, and San Marcos area. Contact us with your needs and requirements and we would be happy to help you get with the right builder and right location to meet your needs. Are you looking for acreage to build on? We have 2 upcoming acreage homesite developments that are in the works!! We would love to tell you more about them and what they will have to offer. Both are in Navarro ISD.
While you don’t have to do a complete overhaul to get your house market-ready, you do need to make an effort. Your Texas Realtor® can suggest some ways to make your home appealing to buyers, but here are three ways you can prep your house for selling.
Don’t ignore fixable problems
Maybe you’re used to living with the dripping kitchen faucet, but a potential homebuyer may not be able to ignore it during a showing. Sure, it might be an easy fix for a new homebuyer, but it might be easy fix for you, too.
If there are repairs that you’ve been putting off, it’s time to consider which ones are worth making. You can also ask for some advice from your Texas Realtor® about which home repairs should be on the top of your to-do list. Some may be too large to tackle at this stage in your sale, like a major renovation. Others, like a leaky faucet, can probably be fixed for less money and in a short amount of time.
Remember, while you may be willing to lower the asking price because you’re not interested in remodeling your outdated bathrooms, you can get a can of paint to freshen up the walls.
Keep your clutter to a minimum
If you are living in your house while you’re waiting for it to sell, it’s going to look like someone lives in it. Buyers expect occupied properties to look, well, occupied. But that doesn’t mean that they need to see your dirty laundry pile on the bathroom floor.
Although Texas Realtors® encourage their buyer clients to look past those small things, many buyers have a hard time with it. If it’s not difficult for you to put a hamper in the bathroom to store your dirty towels, you might as well give it a try. If you’re having trouble deciding how much de-cluttering to do, ask your Texas Realtor® for some guidance.
Make sure the price is right
You made a lot of memories in your home, and maybe you even invested your time and money into improving it, but the fact is that the market is what dictates the sales price.
If you price your property based on sentimental value or the remodeling costs you hope to recoup, you’re probably not pricing it properly. When a property is priced too high, it doesn’t sell quickly. In fact, it might not sell at all. Your Texas Realtor® will be able to help you come up with the right asking price. She’ll even take into account those updates you made, but she’ll do so with accurate market information.
If the price seems lower than you want, don’t be afraid to ask why. But don’t forget that you might be accounting for emotions more than a buyer would.
You’re probably hearing that mortgage rates are at favorable levels and that now’s the time to buy a home. But maybe you’re also thinking, “I’ll never be able to afford a mortgage.”
Many potential homebuyers feel this way, but the good news is that there is help available. Homebuying-assistance programs at the local, state, and federal level make homeownership accessible for more buyers. This could be in the form of low- or no-interest loans, help with closing costs or even mortgages that don’t require a down payment.
Help is out there
Assistance programs are available for a variety of qualifying buyers, such as first-time buyers or low-income buyers, and there are even programs available for specific types of homes. And if you don’t qualify for one program, you may meet the criteria for another.
When you decide to buy your next home, the best first step is to talk to a Texas Realtor. He’ll have the latest information about assistance programs and their eligibility requirements, and will know about any changes to existing programs.
Here are a few examples of homebuyer-assistance programs in Texas that you may not know about.
Get rewarded for doing your job
In Texas, there are homebuyer programs that certain professionals—educators, law-enforcement officers, fire fighters and military veterans—might qualify for.
In addition, some Texas cities and counties have partnered with local employers to offer housing incentives for employees who buy a home within the city or county limits. Your Texas Realtor will know if these options are available in our market.
The property itself may qualify
Instead of the buyers, some homes could meet eligibility requirements for certain state or federal assistance programs. For instance, the U.S. Department of Agriculture has a program to encourage development in rural communities.
Or, if you’re willing to put some work into a home, the property may qualify for the U.S. Department of Housing and Urban Development’s rehab program for properties in need of repair or updating.
Where to start
The list of assistance programs is extensive and varies for each buyer’s situation. You can visit TxHomePrograms.org to search for local, state and federal homebuyer-assistance programs to get an idea of the many programs available. Then, when you’re ready to make that move, ask your Texas Realtor to help you find which programs you may qualify for.
Learn more about buying property in Texas at TexasRealEstate.com.
If your property has been sitting on the market for a while, don’t blame buyers. Re-evaluate your strategy. Take a look at what you’re offering and see how you can make your home more attractive and increase your chances of a sale.
Is it overpriced?
Overpriced properties discourage potential buyers, who may not even view the property if they think it’s worth much less than the asking price.
This doesn’t mean that you should underprice your home, but you should put some thought into pricing your home to sell. If you suspect your house isn’t selling because you’ve asked too much, ask your Texas Realtor® to conduct a new market analysis and decide whether to lower the price.
Properties priced too high sit on the market, and buyers often assume there’s something wrong with them. If your listing has become shopworn, look at reducing the price or offering incentives. These strategies may help pique buyer interest.
If you think your home is appropriately priced and everything else seems to be in order, it could be that the market has changed since your initial listing. It’s important to understand the state of the current housing market and to stay on top of what’s happening in your neck of the woods, which is where a Texas Realtor® can be so effective.
Is it accessible?
Most sellers opt for a lockbox to make it easy for buyer’s agents to access your home. Without one, agents representing buyers are forced to work around your schedule, setting an appointment to gain access and view your home. That may prove too much of an obstacle for potential buyers.
Additionally, imposing restrictions on the times the home is available for showings can dissuade traffic. Your house probably isn’t the only one a potential buyer is going to view. If your house can only be toured after 2 p.m. on Tuesdays and Thursdays, you’re reducing the number of potential buyers.
Does it need repairs?
You say it’s a “fixer-upper.” Well, those typically sell for substantially less than other properties. Maybe you’ve already accounted for your home’s condition in the price, and it’s still not selling. You may want to look at making major cosmetic repairs or review ways to improve serious maintenance problems. You might also entice buyers with a cosmetic allowance. A cosmetic allowance is money allocated by the seller to the buyer to offset the costs of repairs. If you already offer a cosmetic allowance but buyers still aren’t biting, you may want to consider fixing major problems and removing the allowance.
Is it your neighbor’s fault?
Nearby homes and neighborhoods can significantly affect the value of your property. If you believe the condition of your neighbor’s property is stifling your opportunity for a sale, it’s time to address the situation. It’s important to open the lines of communication and look for a win-win solution. The sooner you do this, the better your chance of success. Voice your concerns to the property owner and see if you can resolve the problem. If the condition of the neighbor’s property is affecting the entire neighborhood, get everyone to work together to find a solution. If feelings get hurt and the problem escalates to name calling or worse, you may need to bring in a neutral party, such as a friend or community arbitration board.
You can also review local laws and zoning ordinances. If your neighbor has a disabled vehicle in the front yard, a typical “junk vehicle” ordinance may apply.
Many factors may affect the sale of your home, including price, condition and location. If your property is shopworn and potential buyers are just not coming around, sit down with your Texas Realtor® and discuss measures that may boost your chance of a sale.
For more on selling your home, I invite you to visit TexasRealEstate.com.