Even four years later, the real estate market is still dealing with the repercussions of the pandemic. Factors like low inventory and unaffordable housing are leaving many buyers discouraged and wondering what other options might be available. Multigenerational living used to be the typical arrangement for large families until it simmered out, but now it’s back on the rise. According to Pew Research...
If you’re looking into buying a home in the spring market, chances are you’ve heard of a pre-approval letter. Before starting your home search, you should get pre-approved by a lender, who will let you know exactly how much you can spend. To determine your maximum spending ability, lenders examine your finances, credit score, bank statements, W-2s, tax returns, and other financial...
In any real estate market, there are various factors to consider before you list your home for sale. One factor to think about is the number of homes on the market, and luckily for sellers, there have been a limited number of homes available. As we head into the spring market, there is a high demand for homes but a low supply of inventory for buyers to choose from. Let’s explore why low supply...
Buying a home is exciting but can also be extremely nerve-racking if you don’t prepare yourself first. Before you get pre-approved and determine how much you can spend on a home, you need to build a solid credit score. Your credit score doesn’t have to be perfect, but it needs to be solid so lenders can see how well you can manage money, pay back debts, and more. If your credit score isn’t great,...
Temperatures are increasing, the bluebonnets came early, and we’re officially ready for Spring! We’re sure you already have your own Easter traditions, but we wanted to put together a list of some of the best Easter events happening in or around Austin! Grab the family and head out to these fun-filled Easter events! Easter Egg Hunt at Sweet Eats Farm - Georgetown March 16th & 17th, 23rd...
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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