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 "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...