As we head into the last 2 months of the year and a busy holiday season, listing your home is the last thing you probably want to think about. While it might be inconvenient and unconventional, listing your home during the fall and early winter can be surprisingly beneficial. Spring and summer are commonly viewed as peak seasons for real estate, but the period just before the holidays offers unique...
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...
With mortgage rates declining and home inventory rising, affordability is becoming a little easier for first-time homebuyers. These changes to the market are allowing buyers to come off the sidelines and start looking for homes. Before you get into the thick of the real estate market, find your dream home, and sign on the dotted line, consider these 4 essential tips. Get Your Finances In...
The latest Central Texas Housing Report revealed 4.9 months of inventory and 12,211 active home listings for May, both increases from May 2023. These increases give buyers more options, which gives them more power to take their time and be more selective. While these increases might lead people to believe there is a shift to a buyer’s market, that’s not entirely true. Higher interest rates...
Pricing your home correctly is crucial in any real estate market, but especially in today’s market when inventory is low. Having a list price that’s both competitive and comparable to other homes with similar features to yours is the sweet spot when it comes to selling your home. If you price your home too high or too low, it could be a red flag for buyers. Let’s examine the importance of having...
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...
Preparing your home for showings can be difficult, but if you throw in trying to prepare it for showings during the holidays, it can reach a whole new level of difficulty. Between trying to clean up for house guests, making sure the kitchen and bathrooms are clean, and finding creative places to keep your Christmas gifts so they’re not all over the place, it can be a lot. Let’s look at a few...
When it comes to selling your home, leave it to the professionals. While you might think it’s as easy as putting a sign in the yard and waiting for buyers to show up, it’s not that simple. Real estate agents have a lot of experience pricing homes, negotiating, and understanding market trends, which might be the difference between selling your home or not. Let’s dive into a few reasons why you...
Unsurprisingly, inventory has been at record lows this year, leaving many buyers and sellers unsure of what to do. In order for a real estate market to remain stable, there needs to be an equal balance of supply and demand, which has not been the case. Many are wondering why inventory has been so low, if inventory will improve, and what this means for them going forward. Let’s dive into a few reasons...
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