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How about that real estate market, Scott?

The market is still pacing at a record breaking rate right now but we are finally seeing signs of what could be a general slow down. In fact, July 2016 saw a 15%+ drop in total closings compared July 2015. Though that number is substantial, we are still looking at an increase of 2% in closed units year-to-date.

It’s important to note that we see a dip in sales every four years aligning with the Presidential election so I wouldn’t overvalue that statistic, just yet. To continue my “real estate in terms of miles per hour” metaphor, we’ve slowed from 85 to 75 and now to 65 in a 55 mph zone. Sellers are still getting top dollar!

July 2016 Sold Units

This may surprise many, but we currently have over 13,000 active listings in our MLS, a number we haven’t seen since August 2010. That’s right! A gentle slow down in sales and increase in inventory suggests it’s also a wonderful time to be a homebuyer in Austin Texas regardless of your price range.
If you are considering a real estate endeavor, get with me to discuss the current pulse of the market and see how you can take advantage of it. Opportunity is everywhere, we just have to find it together!

July 2016 Active Units

Texas Homestate Heroes in Rio!

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Follow fellow Texans through their Rio 2016 journeys!

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For Buyers: Keeping Up With The Joneses

KEEPING UP WITH THE JONESES 

If you’re buying a home just because everyone else is doing it, you’re probably not ready to buy a home. If you can answer confidently why you want to buy a home, then that means that you’ve probably already done some research. You’re going to have to be prepared to answer some questions about your personal finances, and the neighborhood that you’re interested in. Most importantly, you’re going to need a team that will have your back throughout the process. As an Accredited Buyer’s Representative (ABR®), I am your advocate and will be there every step of the way. I look forward to working with you!

8 Questions to Ask Before Buying Your First Home by Evan Bindelglass. © 2016 Vox Media, Inc. All Rights Reserved.

Protection From The Inspection

PROTECTION FROM THE INSPECTION
A home inspection can really make or break a home. A house may look great on the surface, but can have a lot of issues deeper down that you may not notice during the first walk through. As an Accredited Buyer’s Representative (ABR®), I have a thorough understanding of how a home inspection works, and can help you avoid any unwanted surprises. Please let me know if you have any questions!

Home Inspections 101: What to Look Out For by Evan Bindelglass. © 2016 Vox Media, Inc. All Rights Reserved.

 

For Buyers: House Hunting With Help

Here is a collection of .gifs that demonstrate some fun and useful tips that will come in handy for buying a home. You’ll notice that #1 on the list is “pick the right agent.” As an Accredited Buyer’s Representative (ABR®), I am the buyer’s advocate and I promise to help you through every step of the home buying process. Please let me know if you have any questions!

12 Realtors Share Crazy-Helpful Advice For House-Hunting. © 2016 BuzzFeed, Inc.

E-file your 2016 Property Tax Protest Today!

Property Taxes

 

Today is the last day to e-file your protest to your 2016 Tax Notice of Value. My advice, everyone should do this. It only takes about 5 minutes. You can still protest your notice of value by mail through the 31st.

File yours electronically, now, here!

For Buyers: There’s A First Time For Everything

FOR BUYERS: THERE’S A FIRST TIME FOR EVERYTHING
When you’re making a big decision like buying a house, it’s impossible to know everything you need if you don’t ask questions. When you work with an Accredited Buyer’s Representative (ABR®), you gain access to information that other homebuyers don’t have, and have a dedicated professional that will serve as your advocate in the home buying process. I promise that you’ll have all the information you need to make an informed decision. I can’t wait to help you find your dream home!  

5 Important Questions to Ask at an Open House for First Time Home Buyers. 2016 DreamCasa.org. All Rights Reserved.

Hey Home Buyers, “Closing On A Home Shouldn’t Be A Game”

When you’re buying a home, you may think that you’ve taken care of every last detail and the home is basically yours! Then, out of nowhere, you’re thrown a curveball. What do you do now? How do you proceed? When you work with an Accredited Buyer’s Representative (ABR®), we can help you through any snag in the process, regardless of what it is. I am a buyer’s representative which means that I am your advocate. Let me know if you have any questions! I look forward to working with you!  

I found this article quite interesting on closing day curveballs.

 

Sunshine Community Garden Annual Plant Sale!

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15 Years Of Real Estate Greatness

15 Years A Realtor!

It’s my 15-year anniversary as a practicing Realtor and I’m more grateful than ever for the people I’ve worked with and the friends I’ve made along the way. The road we’ve traveled together over the past 15 years is quite remarkable so bear with me a moment while I reflect on a journey that includes participation in over 1000 transactions.

My real estate career began February 2001, The Outkast were on top of the music charts with their hit “Ms. Jackson”. Spy Kids was just over a month away from debuting, Intel was tapping the brakes on its 10-story chip design center and ACL-Fest was still a year away from its first festival. One day tickets for that festival were only $25. Oh, and mortgage interest rates were over 7% for a 30-year fixed.

Since then, much has changed including the following setbacks and trends:

  • 2001 – 2003
    • The tragedies of 9/11 had a profound effect on consumerism and the housing market
    • The dot-com collapse was followed by an explosion of new Realtors, former engineers and  programmers looking for new work
    • Seller financing, wrap-around mortgages and rent-to-own were prevalent
  • 2003-2007
    • Zero-down financing with rolled-in closing costs meant mortgages were made at 110% of sales prices leaving buyers upside-down from day one
    • Interest rates hit record lows, 5.5% for a 30-year fixed
    • A refinance boom kept homeowners in homes longer as opposed to buying new homes
    • Builder incentives skyrocketed and builder move-ups & guaranteed sales became the norm
    • Realtor and mortgage creativity moved the market at record paces
    • In 2006, Scott predicted a market slow-down in the Austin metro area based on excessive and overly creative financing
  • 2007-2008
    • The real estate market came to a halt due to the financial crisis of 2008, absorption rates plummeted and inventory supply hit record levels
    • Short sales and foreclosures plagued the market; Realtors left the industry in record numbers
    • Federal bailouts began followed by multiple housing stimulus packages
  • 2013-Present
    • Interest rates continue to drop getting as low as 3.125% for a 30-year fixed
    • The market heats up as the economy improves, inventory falls bringing in the age of highly competitive multiple offers
    • Realtors flood the marketplace again as confidence in the housing market returns in full force

Through all of that your favorite Realtor kept busy with a rich variety of transactions-

  • Across Central Texas from Hutto to Lago Vista, Georgetown to Kyle & Buda, and every single town and niche in between  (2003-present)
  • Across the DFW metroplex from Dallas to Ft. Worth, Plano to Southlake and of course my home town of Coppell (2001-2003)
  • Ranging from $25k lots to million-dollar luxury homes
  • Representing banks on their REO properties
  • Negotiating against banks for sellers in distress
  • Working with first-time home buyers, move-up clients who sell & buy simultaneously, countless investors, plus second and vacation homes
  • Commercial investments and condo community representation
  • Flipping and building

…Plus participation in every major coaching program across the nation!

  • Countless workshops, training & coaching programs from the likes of Brian Buffini, Tom Ferry, Mike Ferry, Gary Keller, Floyd Wickman & the late-great Howard Britton
  • Numerous peer-to-peer mastermind groups amongst top agents across our great state
  • New designations and a few shelves of awards

I share this not to bore, nor to brag, but because I think it’s worth celebrating…and to remind you of the experienced hands you are in when you work with me. When I sat for my real estate licensing exam, I never could have imagined the path in front of me nor the experience I’d collect in 15 short years.

To all of my clients, past present and future, my friends and family, thank you so much for your support! I hope this helps remind you of why you chose to work with me for the first time and offers you the confidence to refer your family and friends our way. And when you do, we will treat  them with the respect they deserve, make sure all of their needs are met, their concerns are addressed, and we’ll report back to let you know just how happy they are!

Now, let’s get back to work and keep making it happen!

Here’s to the next 15 years!