As a landlord and investor, you rely on your tenants to consistently pay you on time. It’s how you pay the bills, maintenance, repairs, etc. Creating a rule to implement late fees can be confusing regarding finer details like when the charge should take effect, how much to charge, and how long the grace period is. Keep reading because we’re going to answer those questions! What Are Late...
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...
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%...
We know that Austin is growing a lot, thanks to several businesses relocating and moving to Austin. And it turns out almost half of them are from out of state! StorageCafe, a nationwide self-storage website, analyzed nearly 2 million renter applications and found the following renter trends for 2020. 2020 Renter Trend #1: Renters Prefer Urban, Not Suburban Many reports were coming out last year that...
Hot is no longer the right word to describe the Austin real estate market. Thanks to the little supply and high demand, the market is extreme, overheated, and supercharged. The lack of supply and increase in demand makes it one of the most competitive housing markets in the country. But why and how? Homebuyers have continued to move into the area. A Census Bureau report from March 2020 shows that the...
If you’re selling or you’re struggling to sell your house, you should try staging! Staging affects the buyers’ view of a home. Actually, according to a National Association of REALTORS®’ study, 40% of buyers agents said staging affected most buyer’s view of the home. And it can transform a house so easily and quickly! Here are some reasons why you should stage and the reasons it works. 1....
The first anniversary is coming up! Anniversary of what, you may ask. The anniversary of people living and working from home thanks to a pandemic, of course. From this one year, real estate agents and home professionals have realized there’s a popular trend in what homeowners seek in a home now. So whether you’re selling your Austin-area home or looking for someone to occupy your property, consider...
A pandemic causing people to live and work from home for the last year has forced us to evaluate our homes and their layouts. These home designs are almost necessary to have in a living space now. 1. Closed Floor Plans are Making a Comeback While open floor plans were a popular layout, it’s now outdated when you live and work at home. Now, people want more privacy in their homes. Some people may...
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...
Investing in real estate, especially in Austin, can be a smart decision, but you have to be prepared and ready for the changes that can hit the market. With the uncertain times that we face, it’s offered some opportunities for investors to find great homes in sought-after neighborhoods that they can renovate and market to renters. If you’re curious about what it takes to be an Austin real estate...