Selling in Austin
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Time again for your annual home review!
Are you ready for 2019? This is that time of year to chat with your favorite Realtor for your annual home review. As your home is likely your biggest investment, it’s critical to consider these 5 questions every year: What changes have occurred in your life that alter your goals for the next 5 years? What properties near you have sold, and how does this impact you today? What’s happening in your neighborhood that will impact the value of your home? What’s occurring with your current mortgage and what changes could benefit you? What new tax laws give you deductions or credits on home improvements? Message me now and let’s answer these together to make…
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FAQ: When is the best time to sell my home?
One of the questions I receive the most is, “when is the best time to sell a home”. There are many ways to dissect this, most notably is your own personal situation. But assuming one has no outside pressure and is simply trying to “market time” the sale, let’s see if we can shed a little light statistically. It’s no secret that the home selling season follows the school year and the bulk of recorded sales in the MLS definitely show this. May through August consistently have the highest number of closings and that of course has been the case for at least the past five years. (Click to enlarge:…
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Do I Work with Expired Listings?
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Market Quick Hits = Opportunity
Market Quick Hits “We often miss opportunity because it’s dressed in overalls and looks like work” ― Thomas Edison Units closed in April 2017 decreased 3.8% compared to April 2016. Year to date we’re up 1%. The Austin MSA inventory is up 16.9%, 15.1% in Travis County and 14.6% in Austin City Limits. Year to date condo sales are up 13%. Condos currently represent 10% of the total sales in the Austin MSA and 20% of the total sales in Austin city limits. Current interest rates for a 30-year fixed are 4%; down 0.125% from the beginning of May. Builder incentives and seller concessions are on the rise once again. Percentage of sold price…
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It’s Time For Your Annual Home Review!
Are you ready for 2017? This is that time of year to chat with your favorite Realtor for your annual home review. As your home is likely your biggest investment, it’s critical to consider these 5 questions every year: What changes have occurred in your life that alter your goals for the next 5 years? What properties near you have sold, and how does this impact you today? What’s happening in your neighborhood that will impact the value of your home? What’s occurring with your current mortgage and what changes could benefit you? What new tax laws give you deductions or credits on home improvements? Message me now and let’s answer these together to make…
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Do I Work with Expired Listings?
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Looking Ahead To The 2017 Housing Market
Looking ahead to the 2017 Housing Market Blame it on the election cycle, the climbing interest rates or affordability, and I’ve heard it all, the central Texas housing rate of growth very clearly slowed in 2016 compared to previous years. The good news is that the Austin metro area had another record breaking year with home values and sales. Though the housing market traditionally slows every presidential election year, I wouldn’t blame the second half of last year being slower than the previous three years solely on the election. The normalization of our market in 2016, meaning a less aggressive rate of growth, will likely continue – though check out the…
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Reviewing the 2016 Housing Market
“Change in the Air”Reviewing the Housing Market 2016 proved to be another solid year for Texas home owners, sellers and buyers. Here in Central Texas, home values continued to climb to record numbers as did the total units and dollar volume sold. But with change hanging over heads all year long, it’s little surprise to see some rates of change slow to a more “normal” market, as yours truly projected last January. This time last year the Austin Board of Realtors reported that during 2015 the metro area saw 5% growth in terms of units closed and an appreciation rate of 8%, and citing it was “primarily due to our…
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A Note From Scott, October2016
A Note From Scott Howdy, y’all! The peak home sales season may have passed but our little team of Real Estate professionals hasn’t slowed in the least. To the contrary, our buyers, and many of our homeowners for that matter, are busier than ever. To me, the fall is the best time of year to consider all of your options as a homeowner or prospective homeowner. Regardless of your situation, we would love to visit with you to see if we can make your current situation even better! Considering a move-up or relocation? We should build that plan today! Ready to enter the marketplace as a first time home buyer? With today’s interest…
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New To The Austin MLS: “CS” Listings
New to the Austin MLS: “CS” listings For a few years, local buyers have had countless reasons to be frustrated. The lack of inventory has made it difficult to win offers and often they’ve missed out on opportunities entirely as some homes contract without ever hitting the open market. Realtors have tried countless ways to adapt creating numerous underground market portals that only fractions of the local Realtor community actually join. But now, a game changer from the Austin Board of Realtors (ABOR) and I think sellers and buyers will be pleased! The Austin Board of Realtors has launched a new MLS status called Coming Soon or CS. This new status was implemented in an effort…
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January 2016 Housing Stats for Central Texas
January stats have been posted and it looks like we’re off to a bit of a slow start. Keep in mind that January closings are a result of December sales and as previously discussed, the last quarter was suggested to be slower than expected due to new mortgage regulations known as TRID. That said, I fully expect the stats to catch and surpass those of 2015. Election years are historically slower than others and though I’m still predicting a year that looks a lot like the past few years statistically, the slow start suggests now is the time to be a buyer! Why, call me and I’ll explain! Even if…
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2015 Housing Statistics For Central Texas
Once again, 2015 was another amazing year for the Central Texas housing market for homeowners as well as those in the housing industry. Now that the final numbers for 2015 have been released, we can see that 2015 bested 2014 in every major category. Median and average prices are both up 8.6% and 7.6% respectively. All signs point to more of the same yet again for the Central Texas housing market. It’s a wonderful time to be a homeowner for sure! Of note, the number of sales for October, November and December look remarkably similar to those of 2014. However, local loan officers that we work with suggest that numbers for…
