SXSW and Star of Texas Fair and Rodeo

Last week was a fun-filled week in Austin as we hosted South By South West (SXSW) and The Star of Texas Fair and Rodeo, all during spring break.  What does that mean to Austin?  With 250,000 visitors coming just for SXSW alone, there’s more money going to restaurants, transportation and hotels, which benefits Austin’s local economy.  Last year, the South By Southwest Film, Interactive and Music Festival brought in $167 million.  It helps Austin real estate as well, keeping us in the national spotlight showcasing the wonderful place it is to live.

The Star of Texas Fair and Rodeo broke 26 records last year, including a crowd of 300,000 people entering the fairgrounds and $2 million in admission fees to evening concerts and pro-rodeo events.

Today, Austin was host to the Statesman Capital 10k.  It is the largest 10k in Texas and the 5th largest in the nation.  Now in its 35th year, about 23,000 people participated.  Some dressed in costume for the event, keeping Austin weird.

Real Estate purchases from friends and family

I had a call last week from a former client considering purchasing a house from a good friend. He just wanted me to advise him on the pros and cons of buying a house from someone you know. The best advice I could give him, was to pretend like he didn’t really know him.

When you are buying from or selling to someone you know, its best to keep the emotion out of it. I don’t care if it’s grandma’s house or your Dad’s. At the end of the day, a house is the biggest investment you are probably going to make. Even when I know someone’s in love with the house, I try to remind them that someday, we are going to have to sell it.

If we take the emotion out and look at the facts, including price and condition; it will be easier to assess if it’s a good investment and lifestyle choice for you. Try to remember, when you go to sell it. Nobody is really going to care that this was your dad’s house, or the best man’s at your wedding. They are going to be looking at it from the same eyes, as I described above, so it is prudent that you do the same.