How to Buy a Home in Austin, Texas: A Beginners Guide
Are you thinking about buying a home in Austin, Texas? With its reputation for music, nightlife and fun continuing to grow, the city is seeing an influx of new residents. But how do you buy a home there? Where can you find one to buy? How much will it cost? What kind of mortgage do you need? And what expenses should you budget for? Here we look at why so many people want to live in Austin and how you can buy a home there too. Why is buying a home in Austin so popular? The city has seen a surge in new residents in recent years, many of whom…
Thinking About Buying An Austin Texas Home? Make Sure You Hire A Real Estate Agent First
Are you thinking about buying in Austin Texas home? If so, you’ve come to the right place! The Austin Texas real estate market continues to remain hot thanks to historically low interest rates and high demand for real estate in the local area. What do these two things mean to you? As a buyer, you have to know that buying a home during a competitive real estate market can be really challenging, this is why you want to hire a professional real estate agent to help you find the right property. Over 20 Years Real Estate Experience Unlike some real estate agents for just getting started in local real estate,…
Happy New Year from Real Estate in ATX!
2020 is here and with the start of a new year also comes the beginning of a new decade. The last decade saw tremendous growth for the real estate market, especially in Austin Texas, where the local market doesn’t resemble the housing market that we had 10 years ago. Don’t Let Another 10 Years Go by Without Owning A Home With the start of the 2020’s, most economists are predicting that the real estate market as a whole will continue enjoying sustainable growth. Don’t let 2020 be another year that you sit “on the sidelines” waiting to buy a home, make the decision to buy a home now by getting…
Selling Your Home In The Spring? Click Here For These Tips!
Are you planning on selling your Austin Texas home this spring? If so, there’s no doubt that spring can be an excellent time to sell a home especially if you follow these tips. 1. Learn thе mаrkеt Thе reports of a seller’s mаrkеt аrе grеаtlу exaggerated — whісh іѕ to say еvеrу zір code is dіffеrеnt. If уоu wаnt tо еxреdіtе a sale, your рrореrtу hаѕ tо bе mаrkеtеd properly аnd bе рrісеd аррrорrіаtеlу. 2. Avoid over-pricing Grаduаl price drорѕ ѕіgnаl tо house huntеrѕ thаt mоrе decreases are tо соmе pluѕ, іf уоur hоmе sits оn thе market long еnоugh, рrоѕресtіvе buyers wіll wоndеr what’s wrong wіth іt. In thе…
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…
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…