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…
FOR BUYERS: ALL ABOUT THE INSPECTION
If you’re a first-time buyer, a home inspection might be a pretty vague concept. What is it? Do you really need it? I’m an Accredited Buyer’s Representative (ABR®) and can help answer these questions, and any others you might have about inspections or the rest of the home buying process! The Top 5 Things Buyers Should Ask About Home Inspections by REBAC Staff. © 2016-2017 REBAC.net.
For Buyers: Our House Is A Very, Very, Very Fine House
FOR BUYERS: OUR HOUSE IS A VERY, VERY, VERY FINE HOUSE Nowadays, it’s rare to see houses without some form of smart home technology. It’s popular for a reason. Be it reducing your electric bill, or sheer convenience, there’s something for everyone and for nearly every purpose. Here’s a list of top home technology trends for 2017. Do you have any of these in your home? Would you like to? 5 Top Trends for Smart Homes In 2017 by REBAC Staff. © 2016-2017 REBAC.net.
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:…
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…
For Buyers: What’s It Worth
FOR BUYERS: WHAT’S IT WORTH? Many people view homeownership as a primary goal, even when the initial benefits aren’t financial. I’m an Accredited Buyer’s Representative (ABR®) and I’d love to discuss your homeownership goals! Report: Homeownership Is More Than Just the Facts by Suzanne De Vita. © 2017 RISMedia.
1Q17 Market Watch
How’s that real estate market, you ask? 1Q17 single family units sold were 0.5% higher compared to 1Q16. This is a clear continuation of the market slowdown we noted previously, but make no mistake, we are still on pace to beat last year’s numbers. Even if it’s just by 0.5%What continues to raise my eyebrow is the interest rate increases over the last 9 months. Consider the graph above that shows the interest rate fluctuation for a 30-year fixed rate mortgage over the last 5 years. If you are considering a home purchase, think about this: A July 2016 homebuyer had an average interest rate of 3.41%, an average price of $353K, and a monthly principal and interest (PI) payment of $1,560. Today,…
Board of Realtor Stats vs MLS Data – Jan 2017
The Austin Board of Realtors (ABOR) just released their report on January home sales. As we wait for all the media to report the data, I think it’s a fun exercise to check that data. The graphic below illustrates the difference in ABOR’s data and that which you can find in Matrix (the software Realtors use to list properties and to find opportunities for prospective home buyers). The top of the graphic is ABOR’s data. The bottom shows screenshots of the MLS data found in Matrix. Of note, demand, represented in the ABOR graphic is up 7% while Matrix shows a 4.4% increase. Supply represented in the graphic by months of…
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…
For Buyers: Saved By The Bell
FOR BUYERS: SAVED BY THE BELL You may have heard the rumors that spring is the best time to buy a home. But if everyone is abiding by that advice, what does that mean for you? Sometimes it helps to go against the current and do things on your own timeline. Here are some compelling reasons why you may want to wait until after the school bell rings to start shopping around for a new home. Winter spring, summer, or fall, all you have to do is call and I will make sure that I find you your dream home. I look forward to working with you! 4 Reasons to…