With years of experience under our belt, these are the five most common ways Austin investors make when purchasing an investment property, and how it leads to them overpaying. 1. Austin Investors Being Influenced by Emotion Purchasing a property is exciting, but don’t let it blind you from the repairs of a property. This is one way Austin investors overpay for their property. To counteract...
A new monthly report released by HomesUSA.com, a platform that regularly reports on Texas’ metro areas, shows how quickly new Austin homes continue to sell on the market. While we all know we’re in a seller’s market because of the low inventory but high demand for them, placing the market in the home seller’s favor. Having more homes on the market was discussed as a potential solution to alieving...
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...
The Austin market has begun to stabilize, as the latest market report from the Austin Board of REALTORS® shows. But what's the future of the Austin real estate market? Home sales in Cedar Park increased, the average home prices decreased compared to the previous month. August’s median home price was $584,491. This is almost a $30,000 decrease from July 2021’s number, but a 17% increase from...
If you’re ready to buy a home, look no further! It’ll be an exciting time taking such a significant life change. Friends and family will offer their advice, but what worked for them might not work for you and the real estate market now. Here are some common home buying myths you’ll hear that aren’t true and will cost you time and money. Home Buying Myth #1: You need 20% for a down...
Last blog post, we covered an introduction to home improvement loans, an FHA 203(K) loan, an FHA Title 1 Property Improvement Loan, and the advantages and disadvantages of each one. In this post, we’ll continue the conversation by discussing the four other options: Home Equity Loans (HEL), Home Equity Line of Credit (HELOC), Personal Loans, and Credit Cards. Types of Home Improvement Loans Home...
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...
HomeLight released their Top Agent Insights Spring 2021 Report! Homelight polled almost 1,400 from February to March to hear their thoughts about the real estate market. Here are some key trends that are or can influence the summer 2021 housing market. 1. Seller’s market continues to intensify and spread this summer. The market is still hot everywhere, giving sellers the upper hand. In Q1 2021, 97%...
Besides the almost constant sunshine, Texas appeals to new residents for low taxes. According to a new report, for everyone who left low-tax states in the past eight years, an average of four people moved to those same states. Nevada, Florida, South Carolina, and Texas are at the top of the low-tax states attracting new residents. Texas ranks as the eighth-lowest rate in the county. Our Lonestar state...
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...