It's no secret that the Austin real estate market is more competitive than ever! If you’re in the market right now, you’ll need a few strategies to rise to the top of the pack when there are multiple offers. In a regular market, multiple offers sometimes happen, but in this market - it’s safe to call them all-out bidding wars! A bidding war occurs when potential buyers compete...
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...
Real estate is an evolving industry, and it comes with its own dictionary of terms to know, understand, and follow in order to be successful. If you’re considering becoming an investor, be sure to know the real estate terms below like the back of your hand. Single-family home - A residential building that houses one family and is not attached to any other structures, units, or homes.Multi-family home...
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...