The Lake LBJ Real Estate blog
Low Rates + Trade War = Time to Buy!
Interest rates have retreated back to historic lows and trade war woes have the market a bit jittery! These ebbs and flows of the marketplace are a common occurrence and a natural part of the financial markets but every time they happen they have sellers spooked! Once as seller has emotionally committed to selling their home any external factors that look to hinder that process really spook sellers. As a real estate investor I see this as an opportunity to move in and buy right! No we are not in a recession and not even close to that matter but when sellers want their money out they will often times negotiate more than expected to accomplish their goals.
My suggestion is to start making offers. Do not be afraid to offer below asking price but come in strong and show them that they can quickly have their money if they are willing to negotiate. Lake LBJ real estate still seems to be on fire but the market is slower than a primary residence market and that delay can be to your advantage.
Call me today at (512) 786-1515 and less discuss how to enter the Lake LBJ real estate market and allow me to assist you in making a sound investment on a prime waterfront home. The time is right and I look forward to hearing from you!
Protecting the Tax Appraisal Value
When purchasing a waterfront home on Lake LBJ its important to understand the tax appraisal value and the associated costs associated with owning a property. Many properties on Lake LBJ are appraised below their current market value which means that the current and future home owner should work hard to keep this value down to reduce the long term costs associated with property ownership.
When possible I recommend purchasing properties that are not listed in MLS because when properties are listed in MLS they are plastered all over the internet and the appraisal districts then have direct access to the sale sprice. Texas is a non-disclosure state which means that as the property owner you are not required to report the price you pay for a piece of real estate and if you are able to find something that is not publicly listed you can end up saving thousands of dollars in property taxes.
If you are in the market for Lake LBJ real estate and have questions about property taxes or any other aspect of waterfront real estate ownership call me at (512) 786-1515. Id love the opportunity to assist you and serve as a expert resource here in the Texas Hill Country
Is Now a Good Time?
Some buyers may have concerns about the economy and where we are in the cycle. So is now a good time to buy real estate on Lake LBJ?
As an active real estate broker and also an active investor in real estate I wholeheartedly believe that there are ALWAYS deals and opportunities, no matter what is going on in the world around us. Sure central Texas is hot and Lake LBJ is reaping the benefits of that but every day I am representing clients that are purchasing properties that I believe are great buys.
Every seller’s motivation and situation are different. Some people have a low basis and want and easy and quick sell. Others don’t have the time or resources to get their properties in “show ready condition” and need a buyer with vision. It is also true that properties can be poorly marketed and represented causing them to be overlooked by potential buyers.
The flip side of that is that when prices increase rapidly buyers and professionals can be distracted by the large gains and fail to see the bigger picture. Lake LBJ real estate is extremely scarce and due to its nature as a second home community its very rare that properties go for sale. While you may be paying full price or even above the asking price to win property it is possible that you are still making a great buy. A choice waterfront property is potentially priceless in the right market. Also if you compare the prices locally to surrounding markets or even similar markets in other parts of the country you will likely see that the real estate on Lake LBJ is still relatively cheap.
When buying Lake LBJ real estate you need a trusted professional that knows the lake, understand the market and will work hard to find deals and opportunities. Give me a call at (512) 786-1515 and allow me to share my expertise and help you buy right on Lake LBJ.
Is Kingsland the future on Lake LBJ?
We are very excited about the future of Kingsland, Texas and all the growth and development taking place on the Colorado and LLano arms of Lake LBJ. With limited regulation and a well-funded sewer system Kingsland is experiencing unprecedented growth that is super exciting. It should also be noted that Kingsland is one of the few remaining places on Lake LBJ that allows short-term rentals and with the recent changes to tax laws under President Trump it is my opinion that there will be a strong desire to acquire rentable properties.
The Carvajal Group has been eyeing Kingsland for some time now and late last year purchased an office in a prime location next to Spyke’s Barbecue. Since this acquisition, our team has been very busy selling real estate in the area and we are very excited about what the future holds in the Kingsland real estate market. It should also be noted that our owner, Eric Carvajal, is currently building his personal residence in Kingsland, Texas expected to be completed in just a few short months.
Over the last few months our team has closed 4 properties in Kingsland and we currently have two in escrow expected to close soon. We also have two new listings coming up in Kingsland and are excited to further our success in this booming area. If you are looking to buy or sell in Kingsland give us a call and learn how you can leverage our experience and expertise in the area to achieve your real estate goals. I look forward to hearing from you and assisting with your Kingsland real estate search!
SOLD: 2530 Williams Lakeshore on Lake LBJ in Kingsland – $1,385,000 (USD)
Contact Eric Carvajal, The Carvajal Group for more information on this property at (512) 786-1515 or for assisting with Kingsland Real Estate
Short-term Rentals on LBJ
I am often asked about Short-term rentals (STRs) on Lake LBJ. What many people do not realize is that most of Lake LBJ restricts STRs and the areas that actually allow them are few and far between. Most of Kingsland allows STRs as Kingsland is not a municipality and the area is only governed by the county who does not regulate such uses. There are a few areas, enclaves and subdivisions in which STRs are specifically deed restricted or prevented by rules or regulations of a neighborhood or home / property owner’s association (HOAs).
The City of Horseshoe Bay does not restrict STRs however there are some HOAs that specifically restrict. Sunrise Beach, for example, has a different rule which states that a homeowner cannot rent to more than one tenant in a 30 day period. In my understanding of the rule it is that a particular homeowner could rent to a tenant for 1 day or 30 days he just would not be able to rent to another tenant for another 30 days. Most people see this as a rule allowing monthly rentals and you see some of that going on in Sunrise Beach. It should also be noted that what is true now may not be true in the future as rules can change.
Each property owner has a different motivation and so whether or not short term rentals are allowed is up to the property owner and their specific uses for the property. For example, some property owners purchase a property strictly to rent out as an investment opportunity, while others will use rentals only to off set some holding costs associated with the property. Still others, do not want renters next door to their luxury vacation home and seek areas that disallow STRs altogether.
Depending on where you fall on the spectrum its important to understand what a particular property allows and disallows and how that might change in the future. Its important to work with a trusted real estate broker on Lake LBJ that can help you navigate through your property purchase. Contact me, Eric Carvajal today at (512) 786-1515 for assistance with short term rentals on Lake LBJ or any other Lake LBJ real estate needs you may have. I look forward to hearing from you!
205 Beaver Circle in Blue Lake Estates
Check out our newest listing on Lake LBJ in my favorite neighborhood Blue Lake Estates.
205 Beaver Circle Horseshoe Bay, Texas 78657
- 3 bedroom, 3 bathroom + 2 living rooms
- 2210 sq ft, fully renovated
- 81 south facing waterfront feet
- New boat dock with electric lift
- Multiple decks and outdoor living areas
If you have ever considered purchasing Lake LBJ Real Estate give me a call today at (512) 786-1515
Aggresively Priced to Sell! 3/3 waterfront – $459k
If you are in the market for an affordable lake house that offers everything you need for year around enjoyment but won’t break the bank I have the perfect opportunity. Details below.
517 E Briarway in Granite Shoals
- 3 bed, 3 bath with two living rooms and approx 2096 sq ft.
- Two lots + 3rd septic lot and a total of 100 waterfront feet
- Over-sized teak deck and lots of outdoor living
- Boat dock with electric lift plus two waverunner lifts
Contact me at (512) 786-1515 to schedule a showing or for more assistance with waterfront property on Lake LBJ
Eric Carvajal
The Carvajal Group LLC
Listing Broker
TREC #0551482
Grandpa’s Old Fishing Cabin on Lake LBJ – Prime Waterfront
If you are in the market for a prime waterfront tract on Lake Lake LBJ I have a great opportunity that you won’t want to miss! Below are a few details on the property:
2805 W Belaire in Granite Shoals
- 4 bed, 2 bath, approx 2364 sq ft built in 1970
- Approx 192 waterfront feet, east-facing with Granite bottom, ideal for swimming and recreation
- Two-stall boat dock with Trex decking
If you or someone you know is interested in looking at this property or assistance with Lake LBJ Real Estate please give me a call at (512) 786-1515
Eric Carvajal
Listing Broker
TREC #0551482
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