You're listening to real estate radio Boston wins -- -- -- on talk thirteen seventy. Now might -- in studio when you're post local real estate and finance experts state couldn't stuff it's. Happy holidays folks and welcome to real estate radio with stately and -- -- most important our radio every Sunday right here on talk thirteen seventy from fortified -- Our goal has always is to a power listeners but it can you about every aspect of your next to real estate transaction. I am your host. Stephen stake we might -- number is 274124. I'm sitting here with my esteemed colleague what might close Sprint's. My co host mr. Jason Stubbs tell you -- doing great it's doing good and many feel the penalties this year. I'm I'm ready I'm excited we've got so we're head out of town here -- little bit and I'm ready go eat -- almost lasagna -- at its. I love Christmas. I expect it to be a few weeks to get -- get into the -- into the season this year with all the busy this you know the office parties that delivery Gibson. Didn't feel that last week I was talking about a big fear they have of the payments on yes but have actually been able to give the office parties behind me now. -- have taken a little time in a certain watching Christmas movies about Christmas -- are kind of my thing maybe the cold weather has something -- without. You know. Cold weather fight off a cold for the better part of three weeks now -- traffic -- picturesque and a half delegated to the so that they can give me a little boost to the right direction somewhat old school went back to an elected you every year. But little tradition -- -- the house -- -- both do it and watch what some of our favorite Christmas shows no cellular gonna gonna gonna get it out there to. Elf Alf elf bowling ball. I have. It is -- -- the Sunnis and secrets kuril if I think that that's that's that's. So that always give the -- eleven dollars I'll watch -- probably five times -- December just because. It's a bit about the silly movies and does not zone out of forget about the day in day out stress that we all have with word can freely and everything else and just. This kind of watch that and it just tickles relaxing that word no word about the -- Exactly exactly get that one. And Griswold family Christmas everywhere how -- youth how can you have all these season which outlawed -- didn't Chevy Chase off got a -- walls on the corner. Of war Sri. I mean I can hear their meter spinning actually Christmas lights -- said he didn't. After they get that every tree every bush in the lie in the middle models were new in the neighborhood in. I mean Nash is not a guy you wanna go up against somebody EU you can see it spending I mean if you what -- is is -- -- -- -- you can hear that things. Higher price Collison 12100 dollars a week -- slightest. You know I was about not getting my wife just a little bit ticked off me tonight. When we got so busy and actually for the first year ever wasn't able to be lights I normally take a couple of days and hang out lives and you know -- a massive electric bill in December. Ideas I just never got around to and I think it's probably because of this this crazy market we've got we've now Austin you know actually been working -- in December -- original got a busy busy busy yeah a lot of times you gotta get the candidates take a few weeks off in December especially in the real estate business that. But this year. You know with with rate still at you know not historical lows are low very. -- in this low inventory market were still got people write contracts he all the way up until new years you know like I tell people. All the time and we mentioned this on the show last week. Don't stress yourself out by trying to Byron holidays right if people don't take five nights how. That they -- of the world will be a button to move into a brand you have core -- -- for. Hey honey you'll be really fun is you know the day before Christmas for us to pack this house up in the day after Christmas let's move funders can have a day off -- -- Underwriters have overtaken -- -- all the processors and it'll it'll have families they are just little computer people that sit behind a desk work. Actually get out of time and it went all the work stuff and try to stay in the Christmas spirit. -- it's Sunday. At Christmas Eve we've -- my family's or going over to my brother will's house and we're gonna. You know that we're gonna -- the stake remain in the family tradition that is. Three of us get together me my dad or brother we do a big beef tenderloin -- pins and a pack. I get to go to a custom. Another family sitting on the when the spokesman moves mean. -- them this year really do me a cajun creole. Beef tenderloin rejecting -- -- Australians it's all rob rob. You you literally read this thing down olive oil and pepper. And you see here it about ten seconds slowly to spin it around on the skillet -- what you've seared it. You cover that thing with a concoction of horseradish and garlic -- -- much other stuff literally it looks like a big sugar coated candy -- Candy let it sit for a few hours in the news they get were you about thirty minutes. It comes out and it's just the middle still. Tripping -- -- red. In the outside his -- that horseradish often drowned in mosques that I don't need that horse -- did it I mean it is. I've been critical time before it is probably one of the best things I eat all your rounds of guarding -- -- You're just. Talking about it the holidays here -- we've got the stub Stanley who do. -- we did. We just moved out the whole house -- -- to the attic. Everything. For this Jewish Christmas lights. It behind mob sorry but I you know those two wheel house is that we've been collecting of the last two years now little into the light so we're supposed to put up on the mantle -- on. Your -- your landlord -- -- men and now I think so. Obama worked on that last time I checked that the new guys that it moved over the place of they've got it all trial of the -- as some admit they have a creek park tree and all it's real tough they believe over the place -- -- for the at a school. Part of who really -- it is clear that. The other singing carols. Put hanging up all of our lights out from a nearby new stuff for Latin Tom what Donald and figured out yet -- tear lately he's not only -- and Oakland you know based. -- -- here Picabo Street was up in your attic he so -- -- this is -- now that's. Yes it's yeah I hope we'll probably a prime pick up some stuff so. Ford guys that's always gonna take its second stanza and they are sponsors you know without our sponsors. We couldn't come in every week and educate you guys and everything that's real estate to elect a big -- went zero. Runs the CEO of the real estate radio network are -- got to San Diego. Guy weighed in with -- head insurance at least then Tiffany over there with the patent law firm Sam knocked in with Texas best credit repair. JT hasty with Wesley power washing guys again if you need it. -- service in any of these gas fields give us a call are off here hotline 51291988. Let us put you in touch with one of our sponsors these guys do great work we wouldn't have known as an expert contributors as sponsors that they didn't. To reach out to us will put you in touch -- that since the business their way. Jason actually has. We had a last minute phone call earlier today. We've got to. Potentially. Pocket listing the -- before clear where we're skating through text message right now can -- Is. See if we implement several quick. It's in northwest market and art and drawing -- so sudden that -- here pocket -- Where every what's the while we come on the show we like to give you a little bit a secret. Secret inventory notice about a pocket listing and what a pocket listing uses it it's a house in this low inventory market. It has not hit the market yet okay this is secret secret stuff -- feel like you're listening to show right now that you're getting information. That nobody else out there is getting right. Yes isn't there Jason tells us. Is it about -- so it lists Stephen I'm I'm usually not as verbal not a house but seen this my friends like cnet's got -- to bigfoot -- -- mess though -- -- -- -- a it's it's a modern home it's it's updates and it's in the west over -- so guys it's like mesa. Stack area credit thereby an excellent -- -- right I mean just walking distance. For me Anderson high school. And also from hill elementary. And it's let's see we've got. A 32. It's a huge beautiful. One story and John it's got a front courtyard it's got -- side -- -- -- back courtyard. Super modern and it's got to be a 1224 its metallic -- all over the place all stainless appliances. Now full what room in the steam shower. Mean this thing is like a spot it's probably a we let me guess I've actually been in this home. I know which home the city yes it's okay it's big it's it's actually this house on -- main -- main road over there next theaters and -- actually has a gates. Time -- -- on -- -- -- privacy yes front gate so that I like the front gate for the front door this actually has a cheeky young people your cars behind. He's got a boat back there that the current owner and broad a couple of jet skis you drive by this thing you'll know exactly what else are talking. Yeah so what a cool place. Well and he's got all that radiant barrier in the air on super clean lines itself fully gated. Exterior it's got security cameras. The walking wet room with steam shower it it's like a -- eight by eight it says here so that's what I was looking for. On its all overflowing and freestanding -- so you -- just pull the plug on the tub it drains into the -- of the whole entire room. It's all that black. River stone it's really cool. And -- you'll see a lottery models like get it's it's completely custom. There's a 750 gallon Rainwater collection system. That has a soaker system until the foundation to permits shifting and also throughout all of the the landscaping in the back. And that's is listed by Adam fogle song. And I got if you want information on this house if you wanna view this it will hit the market. I believe that he is just hit the market so if you guys want information on that give us a call 512900. 1988. This is an area northwest try to cross from -- Anderson high which gets the best Marxist farce high schools go. In Austin so guys if you want information -- give us call you a -- part priceless thing I do not have a ballpark price I'm Kelly let me supercomputer. Well it will come back to it simply didn't have to do with the ball part of president bring it back in a minute. We yeah we just have a sec clip for get a got to go to break but I wanna do something cool every week we try to do we call tech corner all right so gonna cool tech app where -- The last last week we talked a little bit about zillow we talked about Trulia and he ends and outs and -- it's bad to do that stuff. We talk about a cool app called home snap which you actually take a picture of house. It tells you all the information about that house from the outside yes well this new capital and talk about today is called red Finn. It and its it's really really neat. It just like all your other search your search engines as far as apps are concerned but the neat thing about this -- -- -- updates by the you know less every twenty to thirty minutes and so we're gonna talk about this a little bit more guys. We get we gotta take a little bit of a break coming up after the break we gonna do something special today we're gonna do the Condo she you also has a big. Condo market downtown yes we do a lot of condos over -- supreme lending crunch you know sort of start mortgage matters with the kind of show we're going to be talking about Condo financing and how it's a little bit different than buying a single family home. You won't want to miss this. -- -- Being denied home -- can be devastating to you your future and your family. Don't go and getting a mortgage alone talk to us Texas best credit repair and build a realistic roadmap. We can improve your credit score by 100 points in just 45 days whether you've been declined a little for a first time home buyer we have the knowledge and tools to help you get approved. Call us at 51230. Wait 6004. At Texas best credit repair dot com Texas best credit repair local service delivering real estate results. Did you know that insurance is the second leading expense in the economy. And with health insurance rates and rising at a record pace in property tax going up and home insurance rates increasing to 30% year over year people are fed up and shrewd choice on your auto and home insurance with a guy waving hello morning -- off tonight. Who's an insurance. Goosen will -- -- rate stood dozens of carriers don't fight the best rates would go home and auto for a true choice call -- women had five point 26914086. That's five point 206 time 14080. Six buying and refinancing of property is stressful so why can't stress filled closing in on top of that. -- -- patent law firm and our goal is to provide a smooth stress free closing for you and we take our country club attitude towards servants we raise the bar and all facets of the title industry we have multiple locations throughout Texas Spanish speaking in escrow officers and are available after hours on weekends and during holidays and visit PL FTC dot com for info patent law -- raising the bar for closing services. You're listening to realistically go -- Now here's even. And welcome back Austin, Texas it was -- to real estate radio mistake early in Stubbs right here on talk. Thirteen seven remembering to always reach out to us are off air hotline at 51291988. Or find us on the web at real estate radial atx dot com. I we we yeah we broke a little bit early last segment we wanna talk finished talking about that cool apps that that's called red -- And just read in -- if they spin RED -- and in the cool thing about this happened and it's in a few minutes you know is that it updates by the MLS every thirty minutes maybe even twenty minutes. So you're getting information off of your search characteristics by the house as you're interested in seeing. Every thirty minutes you're literally getting in effect as fast as your agent -- so let's say to that effect let's say your agents with another client shown on our property a city -- or she can't contact you immediately. You're getting a text message about a house that just came on the market you're able to go in there and look at it. And in this low inventory market -- all the offers that are coming on a house that you're interested in. You being first you seen this place first before everything else could be could be a big deal for you so. It's free you know it comes through the iPhone in through the Google Android so check it out folks it's red -- It's a real estate search app that updates every twenty to thirty minutes which unlike most of -- that update one today right. Saving yourself six or seven hours vs everybody else looking at them. How's this kid could cost your house or get you house I mean I've got 24 hour 48 hour delay. That's huge right so -- -- to be able to get updated it and I mean you're totally in the know -- for sure. So so we're talking about. Our new -- new show theme for today today -- do in the Condo -- yeah. Downtown hostage and the Condo market down there and we talked about it on passions -- pretty incredible that does he think about Austin twelve years ago. And they we just started seeing Ian -- these highrise is being built in the frost power you know had come up and and you know we've we've heard news that The W. Hotel was coming in -- step in -- two for two cranes in the air yeah -- it is the a bunch of us who who are. You know we're we're suburb guys you know. You know I've I've never really myself been able to get into the hole -- thing I liked -- a yard and dogs and stuff like that but. Putts -- -- -- Herbie goes downtown for big concerts is stuck you don't want to drive home after a big show. And been up in those countries visited a highrise like twenty stories up is pretty. Cool now I I -- -- I mean. These things are are loaded to the hill their their super cooled I mean downtown your your close to everything so. We've got to have Brian Katie -- deer in property group and did this is known citywide is -- -- experts in the Condo market downtown. He's gonna be company and its segment three and four we're going to be talking to him about the market down there. But. One of the cool things ought to mention is you were talking about the downtown Austin market. Talk about how good it is to buy real estate here -- Austin there's there's an article that came out I don't know if anybody saw this. I've been getting it from several people. But Austin was ranked number one. Out of 200. Top performing metropolitan economies by the Milken Institute which a California nonprofit. That's pretty cool you know we we always talk about the little bubble there -- we got down here in Austin and for us to be -- ranked number war didn't. Even with all the crazies that we got going -- around -- like traffic and things like that I mean that's that's impressive it is. I mean these rankings are coming from all of -- -- your publication out -- -- running -- -- -- top top top top top ten -- seems like every week for coming up with a -- A new ranking yeah everybody was thinking that this was kind of a local rink you it was a big deal because it would actually get became out of the AB JB Austin business journal and but but the actual nonprofit that did it is at a California. Also -- number one so and let's talk about you know some of the top ten and you Austin being number one. Provo Utah was never to sit for Cisco San Jose Salt Lake beat Seattle and get Dallas at number seven. Houston never did all right so we got three cities in the top ten in the country. So as far as good economic numbers and then as some other some other cities just to make that topped 45. C here -- corpus on there yet as it is we got San Antonio came in at number twelve which is impressive. For worse can it never sixteen took I get dallas' seven at Fort Worth sixteen corpus was the number seventeen which blew me away -- really you know it's been an Atari corporate site yes how you think it a little beach community but. You know as a last summer drove through corpus its full high rises and everything it is when an economy they got going down your arms. Our buddy US women went down stuck to corpus couple months ago an army out was looking up. I mean there's condos and new projects all over the place so it's it's corpus is coming. Then here's here's a last Texas City to make the top 25 when they're really shocked me radio. It's you know we have heard about the readily even before. The national publications are picking up on this and heard -- early on just the medical field so huge a lot of folks and lost amber and out that way. Because they're they're getting more money to go up there and do that so proud you guys down there you have the dirty south great job there have. Really hot. Connecticut on a matter of maybe that's the exit -- radio and those who William played late -- -- in the the legacy why we will accelerate out to have nothing new no way -- and it is as though they had this little -- over the colorful rip current leaders instruments there's nation. -- -- Love that I will. That's that's -- Austin and never won a -- Austin, Texas I I was born here I grew up here I'm so proud that we may never whatever they -- Everything that we do every day it supremely ending this is Boris helping people get into houses this is our community -- live and breathe Austin, Texas and that's why we do the shelf. Since so let's move on to the -- on -- show every talk a little bit about mortgages and how condos are different than house's -- tab. Before we get go and that's been that's been one minute let's talk about interest rates a little bit. The big news out the market is that the Fed is tapering yes. Ten billion. It's what came on the news this week -- they -- -- five billion you know out of stocks and in five billion out of bonds which is your mortgage backed securities. And pull back a little bit but. They did leave the door open to bring all that stimulus back should the economy start to waiver a little bit so basically they're saying or pull a needle out. If we feel like we're certain swerve around a little bit we're gonna cigarette next to exceed that produced this and do men -- on some Russian. To reinsert it. Yes well he's been putting -- all that money is were printed anyway half truths delegates from the savings account and printing it and injecting it hurt him back out is when you -- freaks out about inflation. But but you know. Here in Austin. We'll just keep on keeping on -- aren't doing their stuff. Just turned a blind eye to what's going on turner you know Washington to hear a global food and I'm excited about about being here. So all right so Freddie Mac Freddie Mac averages just seen and lower the rates are this week get a commits both 3030 year fixed at about four and a half. Fifteen year fixed still -- about three and a half you're FHA your USDA your BA all your government product still around board a quarter just gonna credit stuff like that. And your Jumbo loans actually moved up just a little bit to about four point 375 but still everything way -- All right but just remember you heard it on the show couple weeks ago. We will see rates in the fives by the end of the first quarter. I just have a gut feeling about this all the experts are predicting this that you know into the of the tapering continues we're gonna see rates in the five -- bottom line. Tonight so let's move into the kind of show let's talk about Condo -- it's let's do it in how -- finding its is different SE others. Where it was kind of finding its you don't get all the same products. That you do on a traditional house -- so. You have basically the biggest thing is that there's two loves. When it comes to -- as she got conventional loans and yet none of war to bull condolence and those are. Those are typically loans by private institutions -- we'll talk about an unworkable a little bit more little the second. Collier your Condo loads you can Mitchell Roger gonna require 5% down. Still the same approval process is everything else. Something to keep in mind when you're talking those lenders out there is that your Condo interest rates. Are gonna be a little bit higher than your traditional house's because condos have more risk. Why is kind of have more risk well. The main reason is you don't own the dirt. By that I mean you don't only -- underneath. Linda you also have a community of people living in your Condo and all of their units in the building management can all bring the values of your unit down. Just just by simple management and so having a Condo in essence for the investor who's the person who -- hold your note the big bank. And Mae Freddie Mac ads risk. So usually see about an eighth to a quarter report -- some of your Fannie -- thirty year fixed is afford to have your Condo loans probably gonna be closer to four point 75. But seven -- little bit different if you put enough down. Over 30% of -- you're gonna get the same parade is anybody else by a single family is you've taken away that we're asking for -- level developments right. So you do still have the option of FHA loans when it comes to condoms. But the building has to be approved by FHA if the building is not approved by FHA and haven't and their own. Hud approval you cannot do an FHA loan on a Condo. The same goes for BA you're better -- it's a VA has -- to specifically go and union approved this building. You can't do VA left. So we actually have the list available if you wanna find out through us if a Condo is BA your FHA approved. Give us a shout are off their hotline 51291988. -- Stubbs can look these feelings that story and find out. If they're VA or FHA approved. I am in the two minute warning over -- -- from the press box it's. Moving -- so Jumbo loans are still an option yet jungle as we talked about a little bit last week any loans over 4171000. In the Jumbo loans are gonna fall pretty much the same conforming guidelines this your conventional loans all right so then we move into an unworkable condolence. I'm not a -- to the Condo -- is a private loan through a local bank. It's never a thirty year fixed for the most part -- usually gonna be looking at a normal loan may be your fire over seven your arm it's not gonna be a long term loan. But it engaging in of that Condo that is that is not workable at the moment. So what is not a workable means you're probably again as well parade trusted basically. Fannie Mae and Freddie Mac decide if a kind of can be war -- and workable means it's it's assure bull through there investment portfolios. So they gave the Condo by occupancy. So for an established condominium projects. You know typically. 90% of them have to be sold 9% of the units. 51% of them have to be owner occupied right so what they're looking at. Is there making sure you don't have a big investor. Concentration. A big a bunch of people in their condominium project. That are raining out there units are because that that again at risk you know -- of investors and are rated high tailored to the project goes downhill. That adds risk people who own their houses are the konduz and lived here. Means it's less risk so all right -- -- it sort of time we're gonna finish talking about more stability right after the break Ross gonna be talking to Brian. -- with the didn't property group we're excited to have him. We do a lot of business we did and we do tell us a stick witness you won't want to miss this state to yet. Being denied home -- can be devastating to you your future and your family don't go and getting a mortgage a loan. Talk to us -- is best credit repair and build a realistic roadmap. We can improve your credit score by 100 points in just 45 days whether you've been declined alone for a first time home -- we have the knowledge and tools to help you get approved. Call us at 51230. Wait 6000 or at Texas best credit repair dot com Texas best credit repair local service delivering real estate results. Did you know that insurance is the second leading expense in the economy. And with health insurance rates and rising at a record pace in property tax going up and home insurance rates increasing 30% year over year people are fed up and shrewd choice on your auto and home insurance with a guy waving hello morning -- off tonight. Who's had insurance. Goosen will shop your rate stood dozens of carriers don't fight the best rates -- go home and auto for a true choice call -- women had five point 26914086. That's five point 206914080. Six buying and refinancing a property is stressful. So why -- stress -- closing in on top of that spirit patent law firm and our goal is to provide a smooth stress free closing for you and we take -- country club attitude -- servants we raise the bar and all facets of the title industry we have multiple locations throughout Texas Spanish begin escrow officers and are available after hours on weekends and during holidays and visit PL FTC dot com for info patent law -- raising the bar for closing service. Hey welcome back Austin, Texas you're listening to real estate radio with stakes for instance remember you can always reach us on our off fair hotline at five point 2990. Mediator find us on the web. At a real estate radial atx dot com. I mortgage matters Purdue with a kind of showed today we're talking about -- -- condos on -- konduz the different types of financing on the air. Jason and of course our for our expert such as we work for the Texas team met supreme leading. It is our brand so when it comes to mortgages weak are your guys than me not only are we experts and real estate at home purchases and everything else. Mortgages is our stuff so it is -- you need help. -- you can always reach us at five point 291988. Just questions in general. We're here for. Let us be your real estate -- years that follow all things realist it's gonna give -- then that I just you know now had a great have to use that here on out I -- We're we're we're not just here to apply it to get to proof for your mortgage were here for questions. That's why we have shows like this reach out to us off hire five point 291988. Find us on the web real estate radial atx dot com. There's like a contact button that emails us directly. We'll get back with you and answer any questions that we can't. All right so moving back into the con do you know hot hot hot Austin, Texas this week -- kind of show we were talking about the difference between workable condos in the unworkable condos and how fame teammate. Judges whether -- portable and workable means if he can be insured FE MA which means the mortgage can be underwritten -- sold. To Fannie -- All the banks wanna be able -- right to Fannie Mae because they don't want to have tons and tons of hundred and -- and 3000 dollar mortgage is on the books that -- insured. If that loan goes belly up they want to be able to have big pop up assert that he may come back revealed by -- alone for a moment and take care of the foreclosure process. Itself. Again occupancy is a big deal. You need to be -- 51%. Owner occupied -- have a big investor investor concentration. The numbers change a little bit for new projects all right for a brave new project and this is something near ground up cranes cranes move -- by the time the cranes move it's typically hurting got a lot of units under contract. But 70%. Have to be sold -- under contract for new projects for it to be workable era in cat and the biggest things for warts abilities you get to do -- alone with BG could put 5% down you can be conventionally and -- you do a second lien if you want to. If you don't know unworkable. You're looking at 20/20 5% down into most likely an adjustable rate mortgage a five year or seven your arms so. If you can find a project that's workable. Ask your realtor you're realtor can help you it's important to find when -- workable -- -- you've got a lot of cash and he just really wanna get into this building. Trying to work a project to begin your expert realtor should be able to help you with that. So there's a lot of guidelines and stuff that makes the Condo war to bull you get here here investor concentration you get your units sold. The HOA has to qualify the gateway has to have the right insurance covering the building all the legal work has to be in line but the good news is is that most of these building managers. Go into a big project like this and they follow the guidelines. So the buildings are usually. From a legal standpoint or -- before they start selling CO typically have to worry about that especially here in Austin. So the only other thing don't wanna tell you that about condos. And this is just a little bit of an added cost you know -- -- -- konduz are always going to be more ICA two ladies fluctuating he went from 150 dollars per month to. Lord have mercy I've seen him at 900. Dollars per month. At places like the W for -- 112 weeks in twelve under after W I mean for 12100 dollars there better be somebody out front parking. My. War all the what are your closet. You -- pull your car up you get -- coffee. I had a friend that lives -- -- he had actually left the W on the way to Houston he called concierge put it on a train. It's in his wallet to Houston on a train and -- -- like right after so basically he. If you Bryant three million dollar Condo when you got a 12100 dollar month they actually do. -- -- you better uses its first world does he get cash anyway as a well any -- the other whether they wanna talk about that age you ladies are gonna be something much bigger because he typically to pay dues in the subdivision if you just by single family home which is the house. Are gonna be somewhere between you know 304050. Bucks a month prior to gated community maybe -- hundred tops. But even achieve this condos and town are gonna be a 150 dollars plus so. Always ask your realtor about -- -- -- -- that can make or break whether or not you can afford that house right now -- -- -- -- but some do -- square footage. They do native it'd. Don't let the -- give you figure like you know it's it's you know since it's a square foot ride ever happened -- out -- -- you know you don't wanna be doing the math yourselves right. Because all of us even be in the mortgage business we don't make mistakes on math and think we can afford something when maybe we can't because we could imagine it could possibly be that expensive earliest -- In Radio One last XP -- -- come to condos you've got what's called it 806. Policy that's an insurance policy. Now the H away we'll typically have a a policy in place that'll cover. The master policy for the building. And that pretty much covers the walls out you know full the there's earthquake. Fire whatever it's gonna cover the walls out and NH 06 actually covers the walls -- Sheet rock in. Your your appliances your fixtures your flooring. Paint. Everything lights everything that's inside the studs is what you gotta get this policy for. If you don't -- it's not going to be super expensive but it's still gonna run you anywhere from 400. To maybe 700 per year just -- have been your unit is it still. It's an added expense you need to plan for it. And it when it comes down everything just make sure that you could afford. All the little stuff that goes into condos and -- Kim. Let's find yet Condo -- soon all right guys will we actually had hidden in the studio the infamous Brian Katie. We didn't property group visa business partners with my brother will yes longtime Austin -- the guy is a Perot. The ins and outs of Condo in your life -- this guy this guy is it Brian welcome to the show. There's got to have me I don't know that. Doing alone -- trying to finish up my first child for the family that a boy it's so yeah we got -- -- guys I mean you guys are our downtown. Tell us about sure your company tells about -- where he -- located in and when -- need to know about your company chair will our covenant is -- prep record we we office in the ground floor via W and the residents in the hotel. A downtown you know we like to think of ourselves kind of like you guys can of the mavericks in the real -- street right. You know trying to destruct the traditional -- a little bit and you -- really focus on that -- experience. And to you know. That's kind of what we do and we focus on this a -- through a safe representing buyers and sellers -- landlords. And investors and developers. You guys if you are looking two to buy or lease or or take a -- or just wanna chat about the downtown Condo market. It's really easy to find just find the W in just walk around and you'll know about it so yeah. -- people around the northwest corner we have we design firm growth for our clients have. If you will we need to have a meeting -- charger iPhone arguing an espresso -- -- -- cocktail we've gone up for -- -- we talk about that office that could have and I felt like allowed it -- general statement it what it is an art display up there right now -- -- -- yeah right right now we have Joseph really for those that -- he's you know pretty famous -- musician and he and his. Daughter Marie lead we -- cover first real show we harder you know curator that. Was the curator at the Dennis Hopper foundations -- Set me up a little bit you know kind of have a vote that experimenting -- you know the world will see what happens but yet when you look at it look like an art gallery but I really really. -- -- deals for clients upstairs and behind the scenes what's going all the sweet ride downstairs what was that blue -- us all and we we -- and they Shelby during an F one we design that opposite open up to eight -- that we can put a car physically draft once and Alex we turned a few heads would now we -- -- Chilean -- and I saw pictures -- enough faced. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Well the short answer is a lot. There is you know when to -- comes supplied there's a lot going on but there's a lot of buyers. To the chamber of commerce there recent numbers forget about a thousand people move to -- per week. Probably don't have a thousand konduz being built downtown running all those dozen people are not living downtown -- when people move to Austin they wanna be kind of in the center of all the action. -- so we're saying is you know about. Across the board about two and have must -- with what that really means is you know -- -- comes on the market we expected Cinemark for about -- every five days which is about two and a half months. Do you remember the times when I think 123. Cranes in the -- -- -- -- Basra Iraq these people are crazy what a huge -- nobody's -- what I -- -- nobody's gonna move downtown Austin -- -- bunch of losers I mean to you guys these guys were literally you know ten years -- twelve years going all that sort of happen yeah -- right in the middle of -- dollar but it they were not alarmingly so we saw some. Condos and 20052006. And how we had was pretty much a piece of paper and it in a dream. And this -- -- Rainey street area that now but he knows about went up you know pretty hot spot for gross margin some new restaurants. -- you know. Obviously things have changed in those 67 years and -- you know since so that com about a bought into -- thought to themselves let's talk about that a mistake achieve enough -- and -- we -- the house of downtown property -- your universe actually orange on the the tour so what you're did you buy that would you pay for it. I bought that in what put under contract in 2005 so as one of the very fair for spartans with a brokerage company that sold that that building. And I literally bought the cheap this unit in the entire building at a junior 41 units which is one of the strategies that global blog talk a little bit bit later. But it's -- but that unit for 11 -- -- 6122. This which was literally the chief this you know on the market and with tech and that's what you social all I can -- I can tell you with a list the list price was 299 when wrestled a seven years later now that's not indicative of every kind of content purchased but -- thing that really reflects if you if you get an -- need you get the right price -- and in the right location. You know get things can happen. So what is a me. As far as just -- so let's talk about -- for second. How many active listings are in this downtown market I mean just can we ballpark that are yet it's a great question and it also depends on who you ask if you look at the M last pretty awesome board of realtors we got about 54. Active Condo listings downtown 54. It before but the -- with most condos most developers that'll put those things on the -- less or offs and uncertain -- which is a great kind of great resource or -- Austin dot com right. But it's you know for example -- residences which is so where the power plants located -- Just recently released. Konduz reservation. And they literally within less than a week sold 280 condos are you kidding me no. And I definitely theft. Yet where we're gonna really take a quick break free to jump right back -- -- -- Brian we didn't property group give us a few minutes you won't want to miss this stay tuned. Being denied home -- can be devastating to you your future and your family don't go and getting a mortgage a loan. Talk to us sex is best credit repair and build a realistic roadmap. We can improve your credit score by 100 points in just 45 days whether you've been declined a little for a first time home -- we have the knowledge and tools to help you get approved. Call us at 51230. Wait 6000 or at Texas best credit repair dot com Texas best credit repair local service delivering real estate results. Did you know that insurance is the second leading expense in the economy. And with health insurance rates and rising at a record pace in property tax going up and home insurance rates increasing 30% year over year people are fed up and shrewd choice on your auto and home insurance with a guy waving hello morning -- off tonight. Who's had insurance Goosen will shop your rate stood dozens of carriers don't fight the best -- we go home and auto for a true choice call -- women had five point 26914086. That's five point 206914080. Six buying and refinancing -- property is stressful to -- and a stress -- closing in on top of that spirit patent law firm and our goal is to provide a smooth stress free closing for you we take a country club attitude -- servants we raise the bar and all facets of the title industry we have multiple locations throughout Texas Spanish speaking in escrow officers and are available after hours on weekends and during holidays and visit PL FTC dot com for -- patent law -- raising the bar for closing services. You're listening to real estate radio lost it quickly and stuff and on talk thirteen seven. Ed welcome back Austin, Texas you're listening to real state radio with stately and stubs from every can always reach us and our author hotline at 512. 990. Mediator finest on the weather realistic radial -- dot com I guess we're moving back in -- segment for work we're sitting here with -- Katie. Didn't property group big supporters of what we do over a supreme lending. You know we we've got -- partnership with these guys they're they're fantastic. -- the bottom line you're looking by or. -- something in the downtown area these guys are you wanna talk to Brian how are you in touch with animal rescue again but I mean how how to -- to in touch with yet. Probably the best way to get in -- that just go to our new website which is Danica lines to and awesome dot com it's that simple. Awesome for those you just tune in this is the -- -- radio stake in cells but we have Bob this is that the Condo show stand up before the break we're just talking about the fact that. You know if you're looking set to buy condoms -- there's 54 listings out there that's not a lot and that's not a lot so you talk about inventory handling -- week on this yellow letters lol -- listings you've got to think about -- price point I mean the difference in price point -- -- could you give -- example the price point is almost a top to bottom 54. You know we know there's there's really kind of three -- downtown there's housing there's kind of lead the -- -- which -- -- the -- things -- in the 60s70s and eighties. Which is a different price point than what what I kind of described as the kind of a luxury -- And then kind of the super much richer and and that's kind of more obvious which should be. You know The W. Hotel residence is the forcing residents there is an Estonian. Mean those are really kind of the super lecturing you're looking at. You know two -- at three quarters of a million to million dollar just -- a starting point and those can -- person per square foot price wise you know 650 and beyond even at the top thousand. All square I think that's a great point great model to have three tiers because of him now you've got to give us 54 listings and those three -- so here with your criteria to bedroom water to two veteran or two to you figured that kind of narrows down here. Your search so what what advice could you give to someone looking to buy a Condo downtown Austin. Kind of initially -- I would say two things -- One I think downtown is about the myself so deciding on what -- -- wanna -- you know some clients that each and every building which we kind of -- neighborhoods because you have. You have -- just like a neighborhood with houses you have your forty people a hundred people living in the same kind of block so to speak. For example you know -- that analog and rainy street and the weakness was I couldn't walk across street double digits for a strength was I was away from the hustle muscle you know off the beaten path you know the great thing about the spring for examples. You're you're in the middle everything possible to the downside is in the middle of everything right here really depends on what your kind of preferred -- -- So it's -- that's kind of number one thing it's kind of really analyze what you want sellers and this is something that the second thing is really kind of in your guys court. When I took what I tell my clients and how is you know recommend that they talk to you guys or or or more -- that they've they've worked with in the in the past. And that's what they want to afford not what they can afford a lot has people oh I can afford you know. A million dollar -- dark content of this really about what she one of four that's where are you guys gonna come and play and kind of talked about. Okay what is the mortgage payment and what the Actuate deuce you know what the property tax and how does that really affect your bottom line. Beautiful so we just got to -- out of a buyers mean on the other side that I mean I know that you are -- you -- tons of folks condos a year while no you guys do that. Bob what advice you've given tears sellers and if you got a Condo and you wanna move up or move out. What what advice he's given some -- lists or Condo. Well the good news is worth a seller's market you know when a tough when I have. Initial -- about to could have must have been towards said the basic general Douglas anything. In any any -- between zero and four months is considered so -- market into between four and six is kind of considered a bounce market anything about six the buyer's market. You know for sellers we -- recommend our sellers. They're getting an early I think is you know the great strategy a lot of people will wait for the summertime which is really kind of the peak quote unquote to sell. But the doubts that is -- more competition right so we really hurt our clients to one did in early you know consider selling earlier. But also kind of -- that price point but at the same time. Understanding what the competition is so different from a house which is very unique condos are really kind of contingent upon their neighbors and so if you have seventeenth seed or eighteen seed. And you know seventeen Cecil for certain amount -- rowdy is -- he's gonna probably. So for price pretty close about gossip. So what do you think about the holidays of any regulatory about. Not waiting around you recommend that people list of the hole -- I would recommend Iraq christmastime I mean not not that -- that may be February's opposed to -- may. In and -- a great time also test the market if you have the ability to. Not so you don't have to sell. That you can you can you can look at leasing your -- -- -- so obvious -- have restrictions -- -- and that's one of the things that a lot of people that don't wanna buy condos and investment ride and do a short terminal but the -- is. You really can't do a short terminal any Condit downtown with exception of a few. So in your -- and home away if you are BO -- all mineral known and get a lot of these fines are pretty -- mean you know McEnroe -- and some specific konduz but the mean they range between 2002000 most. Per day. Charities I don't blame him. I mean you're on top of the WW. You protesting how people and wanna get their money's worth exactly you know so -- -- short term leases -- mean do you have any advice for someone is looking for a more permanent a little bit longer lease and what's the least market like. You know -- marker right now mean all those -- you kind of mentioned before the route is most of those were for apartments near the capital markets were such that. You know developers could get financing from banks to to build -- because of considered too speculative. -- so right now we're seeing a lot more apartments and we are konduz being built in fact. There is a new Condo. That's that's built now we have the most recent condos in the W now Sony and write reports season for records in other new Condo -- -- you know minimum three to four years. So what that means is you know rental -- to a more competitive and we always feel like. You know if -- unsure about the downtown market -- a place for six months -- a place for you twelve months you get that flexibility in and can -- that the market. Walking distance biking distance -- distance all that stuff figure out what you want and then -- and for the students -- to play at your roots before you really consistent for you really released very -- -- -- decided I mean I just moved from my Condo and I I can't I can't live may have -- -- because there's concierge at that at that front lobby. You know you don't get any random door knocks on the door you know you that you -- pretty pretty peaceful existence there and and I -- like an economist at. That were these people come from you know -- come -- it where they're coming from Texas I mean they're coming from around the states I mean obviously they're coming from California from other parts of the country and we have secondary buyers tertiary buyers -- -- people that just -- -- -- -- -- -- so -- Kelly so for those just -- in you listen to -- a radio steak and Stubbs we've got Brian Katie would -- -- property group. Hand out these guys in the best in the business I mean this is your your your downtown -- show for. Big love to show you in me can't you be looking at hey you know what I've got one that I wanna talk about. What's colonial Bostonians have been sold -- -- -- there's a couple units left I don't have. Exact figures for most of it most of these -- -- are pretty close to being sold out I mean there's. -- -- -- to delivered to from Solomon built the building prior cheap enough to selling it and so they're taken more of a customer approach. But you know they're just as desirable Dynegy -- -- there's little bit of a different the difference between us and for example is it's an owner it's an owner owned. Buildings that -- a resident there are at a hotel guest house. Every amenities for the for the homeowners four dollars and now like these 777 and what the W for example you you do share the the work -- facility in the spot. But you have your private pool were the four seasons at its own private entrants in private amendment as well so it's a little bit different Johnson had no new Condo projects. There are new content projects in the works -- -- home for example let's see oil just yet -- when that they broke ground and we got green water treatment plant. And here's the other rowdy Connors aren't just downtown and there's kind of south of the river does not as east east of downtown. I mean that's the one thing that we tried to refer clients and you were when you talk much or -- that's really what we try to do as we. We see ourselves -- years you know we're realistic concierge for our clients for life hosted advisors. So you know we tried you we pound the pavement look for deals are on the in my last or aren't actively available. Even knocking on doors and write letters people that may have not considered selling. Metz -- dude in this market for buyers and you have to find you know a real true that that's willing to kind of get that extra mile -- find the June. Yet there -- -- hit it out so there's a new well project going on in the water creek. Give an update force on that about I mean if there's construction SE Gaza some lower trucks in the big hole only what what's going on over there. The great and the kind of the latest news -- -- with Waller creek it is the wallet -- -- conservancy is meeting with a bunch of stakeholders landowners that can potentially develop on that. On the creek I mean. 125 million dollars that was approved was just for the tunnel a lot of people think that was for development. Reno it's not going to be ever walk because it just the slow doesn't allow for that and it's going to be. In my things can be something between like hike and bike trail ever -- -- to get little pockets development coffee shops walk walk evil things. And they're really kind of trying to create that that vision and keep it consistent food trucks and in that sort of thing her -- -- about two trucks -- gonna talk about high rises and and -- remotely multi use developments out next development interests so our other properties out there are those two you want our listeners know about. You know it changes right now with the market it changes Africa -- you know -- -- people -- need to go to awesome concert to go to our website which again is Danica lion's -- -- dot com. And look at not only the -- that's currently on the market that things that are coming to market. You know we've got you know units in the W the shore -- -- a market that's. That aren't actively ago or so for those that are you know really eager to -- to be downtown haven't seen it in a light you know come come talk to -- check -- website or give. Scoffed fantastic -- we want to think for me on the south. That gets real quick you've got -- what what to what some more time I. Guys -- if you're just tuning -- we are we just finished talking with Brian -- of the didn't property group and I can't stress enough what real pros these cars are we we course we talked about condos in condos are big deal because of the downtown market but there's so much more to what they call in downtown -- -- urban lifestyle. -- lots of beautiful homes slots that historic homes in that area now look either you can lease you can buy a Condo -- house whatever you want these guys over the pros. Brian mentioned it to the downturn comes here. -- if you if you got to get in touch with these guys reach out to them their their expert contributors here on the show their partners with -- -- of the Texas team that supreme -- being. We got a recommend these guys time after time after time because our clients. Our mortgage clients work with these guys can have a fantastic experience. -- reach out to find him on the web and it did and like a lions didn't. Austin dot com. I gain when we say this every week rates are still maybe not a historical -- -- but there lows. It's one of the greatest times in Austin to buy a house or Condo. You've got to give the market -- -- get in the game we'll that's the end of our show we hope you learned a little bit more as we move forward towards your next home or Condo purchase. We'll be covering much much more coming weeks or -- always tune into real estate radio mistakes William Stubbs right here every Sunday fortified PM. Talk thirteen seventy safe travels and happy holidays and merry. Christmas Austin, Texas. Not all applicants will be approved for loans -- program -- and annual interest rates of change and are subject to underwriting and approval. Supreme when he is not affiliated with the government agency. Supreme lending corporate analysts ID 2129. Branch an imbalance like 895250. Court. 8800 business -- drives 300 Austin, Texas 78759. Supreme when he has an equal housing opportunity when. Being denied a home loan can be devastating to you your future and your family still -- and getting a mortgage alone. Talk to us sex is best credit repair and build a realistic roadmap. We can improve your credit score by 100 points in just 45 days whether you've been declined a little or a first time home -- we have the knowledge and tools to help you get approved. Call us at 5123 only 6000 or at Texas best credit repair dot com Texas best credit repair local service delivering realistic result. Did you know that insurance is the second leading expense in the economy and with health insurance rates and rising at a record pace in property tax going up and and home insurance rates increasing to 30% year over year people are fed up and shrewd choice on your auto and home insurance with a guy waving hello morning -- off tonight at who's at insurance. Goosen will -- you rate stood dozens of carriers don't fight the best rates -- home in auto for a true choice call god women had five point 26914086. That's five point 206914080. Sixth buying and refinancing a property is stressful. So why can't stress filled closing in on top of that. Here -- patent law firm and our goal is to provide a smooth stress free closing for you we take our country club attitude -- service -- we raised the bar and all facets of the title industry we have multiple locations throughout Texas Spanish begin escrow officers and are available after hours on weekends and during holidays and visit PL FTC dot com for info patent law -- raising the bar for closing services.