Buying a home virtually is the new standard, thanks to the pandemic. Virtual and video tours replaced open houses, and buyers bought homes without viewing them in person. Here are two crucial tips to find your dream home virtually this year. Tip #1 to Finding Your Dream Home Virtually: Be Open-Minded Be realistic about your expectations for your future dream home and how it appears on a...
PwC and The Urban Land Institute released their “Emerging Trends in Real Estate® 2022” report. The report covers the topic of how real estate is recovering from the pandemic. The data comes from almost 1,700 real estate industry experts like investors, fund managers, developers, lenders, brokers, and more. Here are the emerging trends for real estate next year. Emerging Trend #1: Climate Risks and...
Buying a home is a massive milestone for many people, and it’s one you should be able to achieve. We understand that between closing costs and a 20% down payment, it’s a significant investment, and sometimes, no matter how much you save, it won’t be enough. Especially now that the median sales price has almost increased by 50%! But we’re here to reassure you that you can still buy a home without a...
The pandemic had a significant impact on real estate and housing during 2020 and millennials had an impact. More people than ever worked from home (and continue to), which has led to increased demand for specific features in a home, such as a dedicated home office or gym. During the pandemic, we’ve also seen mortgage rates hover near historic lows, which has helped make houses more affordable. The...
During the pandemic, Elon Musk announced he’s bringing his businesses, Tesla, Space X, and the Boring Company, to Austin. Oracle recently announced they’re relocating their headquarters to Oracle as well. Dropbox’s CEO also announced plans to move to Austin. Some have labeled it as a “tech exodus” from the Bay area. Austin is not only a popular location for new businesses, but current...
2020 is going down in history as the longest year and most challenging and unique...at least for the real estate market! This year has been touched by higher unemployment, natural disasters, presidential and local elections, and, duh, a pandemic. These factors have influenced the real estate market, so let’s break down how...before we say “goodbye” to 2020. Booming House Sales Especially with...
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...
It’s common to see a “pending” status next to some of the homes you like during your search for the perfect property, but what does that really mean? In the Austin real estate market, buyers are looking for the right homes and to shorten closing times. As an Austin buyer or seller, how does a “pending sale” notification affect the offers and the time it takes for you to receive the keys to your...
If you thought spring is the peak season for real estate, think again. The high demand for homes, particularly in Austin, along with a low interest rate environment, means that the home buying and home selling season take off long before April. What does this mean? Simply put, if you’re thinking of making a move in the near future, be prepared. Home Buyer Advice Interest rates are expected to remain low...