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...
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...