The most recent market stats from the Austin Board of Realtors® show a 6.6% decrease in median home price, with monthly inventory hitting nearly six months of inventory. While these stats indicate a more balanced real estate market for the Austin area, they also show some affordability challenges for buyers. If you want your home to sell, you need to make sure it’s priced right to attract...
As you’ve probably heard, interest rates are the lowest we have seen in over a year and a half. This has caused the Central Texas real estate market to shift in favor of buyers and gives them more purchasing power. Many sellers see low interest rates as a disadvantage, making them hesitant to list their homes; however, low interest rates can also benefit sellers. Let’s dive in! Benefits For...
As the vibrant colors of spring emerge and the Austin, TX, real estate market begins to bloom, smart home sellers have a golden opportunity to make a lasting impression on potential home buyers. At Prism Realty, we understand the importance of presenting a property in its best light, and first impressions matter. In this blog post, we'll guide you through a comprehensive plan to prepare your home for a...
When it comes to transforming the outdoor spaces around your home, landscaping is a term that often comes to mind. However, another equally important aspect that plays a pivotal role in creating aesthetically pleasing and functional outdoor environments is hardscaping. In this blog, we'll explore what hardscaping is, how it differs from landscaping, and what Austin-area homeowners need to know about...
What Is A Homestead Exemption? A homestead exemption is a tax exemption for your home that lowers the taxable amount of your home. Depending on what your home is worth, you qualify for a certain amount of money so that you’re paying taxes on a lower amount, which will save you money each year. Homestead exemptions in Texas are granted by the county appraisal district where the property is...
Securing a mortgage is one of the first steps in the journey of homeownership. As you navigate through the complex world of mortgage financing, you may come across terms like "rate lock" and "float-down." These terms play a crucial role in managing the interest rates associated with your mortgage, and they offer options to control costs and mitigate market fluctuations. In this blog, we'll explore what a...
Selling a home can be a complex and emotional process, but with the right approach, you can ensure a smooth and successful transaction. Let’s take a look at some must-do's for selling your home in 2024, highlighting the importance of hiring an experienced real estate professional, utilizing high-quality photos, and building a lasting relationship with your agent. Hire An Experienced Real Estate...
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