Apple’s 1 billion expansion in NW Austin

As Mayor Adler says:  “We are a young, growing, creative, forward-charging, entrepreneurial, friendly & welcoming community.”

Amazon took more than a year to decide its new location and chose East Coast after all.  On the other hand Apple has announced its new location overnight.  This expansion in the NW Austin will create 5000 new jobs in the next 3 years, growing to have 15,000 new employees.  Apple is expected to be the largest private company in the city.  Austin currently employs 6200 people a couple of miles from its new campus.

—–Austin seems to be over building houses and apartments at a moment, however we may be needing more quickly.

Home Warranty List

In most of our Texas sales contracts, it is very common to have seller cover the cost of the home warranty for buyer. The providers will be buyer’s choice.

Here are some options. Service fee is typically $75.

If you choose not to keep the warranty, you can cancel within 30 days after closing and get the refund.

It is a common practice for sellers to cover the first 1 year of home warranty for buyers.
The many items are covered under this policy. Each service call is about $75.
The provider is buyer’s choice in most cases.

Allied Home Warranty –
American Home Shield –
Buyers Protection Group –
Choice Home Warranty –
Fidelity National –
First American –
Home Warranty of America –
Old Republic –
Landmark Home Warranty –

Standard sale vs. Foreclosure

Regular sale Fannie Mae Typical foreclosures
Title Policy (1%) Seller pays Seller pays Often buyer has to pay
Warranty (about $450) Seller covers No warranty paid by seller No warranty paid by seller
Survey Often seller has a copy No survey. Buyer must pay No Survey
Seller’s disclosure Required  No disclosure  No disclosure
HOA transfer fees  negotiable  Seller won’t pay  Seller won’t pay
Option period  Typically 7-10 days of unrestricted right to cancel the contract  Inspection period often applies  Inspection period often applies
Contract extension  Negotiable and often extended for various and reasonable reasons. Per diem can apply  Per diem can apply

Standard sale vs. Foreclosure