It’s already a hot Texas summer and summer, and the real estate market doesn’t plan to cool down! According to the National Association of REALTORS®, the median existing-home price jumped up almost 25% compared to last year for an average of $350,300. Home prices are the first challenge; the second is inventory. According to title insurer First American, 115 out of every 10,000 homes were for sale...
As we know, there’s an inventory shortage of homes, and prices are on the rise. In large part, the pandemic has contributed to this shortage, especially when paired with historically low-interest rates. One survey revealed that 55% of people said they regret taking out a mortgage during the pandemic. But you can avoid homebuyers remorse, even during this competitive market. Before purchasing, learn the...
We’re sure you’ve heard this saying over and over again but, we’re going to repeat it! The housing market is insane right now! There’s a high demand for houses but little inventory, which creates a seller’s market. It works in favor of sellers and might hurt buyers, but there’s a tactic changing the real estate market. It’s called an appraisal waiver. What is an appraisal waiver? An...
Prepare for buying a home by not just saving for a down payment, closing costs, and bills. There are a couple of other big expense items you want to be able to buy after moving in and paying for the essentials. Here are the three: Maintenance and repairs Being a homeowner means you are now responsible for the maintenance of your house. Maintenance is crucial because it helps avoid those...
Deciding to move from renting to buying a home in Austin is one of the most important financial decisions you'll ever make. Leasing comes with many perks: less commitment, fewer responsibilities, easy to move around...the list goes on. However, renting costs you more than you think. While the months of rent payments have bought you a laid back lifestyle, that money has been going into someone else's...
In real estate, it’s often you’ll hear things like, “it’s a hot market,” “we’re seeing low inventory,” and "sellers are receiving multiple offers,” but what does that mean? Well, low inventory refers to the number of homes on the market, which can create a hot seller’s market if there are more buyers than sellers. This hot seller’s market makes buyers more competitive, and the seller...
Maybe you're ready to settle down in your city, or perhaps you want to invest in a property that will pay for itself. Either way, if you're thinking about becoming a homeowner, then read on to see if you qualify! 1. You have a good credit score. A credit score over 600 is a sign you might be ready to be a homeowner. This is the last item lenders look at when you get pre-approved for a loan....
Austin is a unique city that poses a good problem for its residents -- choosing where to live! The city itself is vibrant and eclectic, but with so many booming suburbs with varying commute times into the city, it can be hard to narrow down where you want to live. If you find yourself debating where you should live, check out some of the important factors to consider when living in the city vs. living in...
In real estate, it’s often you’ll hear things like, “it’s a hot market,” “we’re seeing low inventory,” and “buyers are receiving multiple offers,” but what does that mean? Well, low inventory refers to the number of homes on the market, which can create a hot seller’s market if there are more buyers than sellers. This hot seller’s market makes buyers more competitive, and the...
Deciding to move from renting to buying a home in Austin is one of the most important financial decisions you will ever make. Leasing has come with many perks: less commitment, fewer responsibilities, easy to move around...the list goes on. However, renting a home has cost you more than you think. While the months of rent payments have bought you a laid back lifestyle, that money has been going into...