October 2016

Found 11 blog entries for October 2016.

Who is the #1 Realtor in Avery Ranch? Who cares?

If you are selling your home in Avery Ranch you should care.

My name Eric Peterson, owner of Kopa Real Estate, owner of 2 homes in Avery Ranch and I have sold 4 times more homes in the neighborhood than any other Realtor this year.

So who cares? Here’s why you should care.

I’ve Seen Every Home On The Market

Because I specialize in the Avery Ranch area I have seen every home that’s come on the market this year.

When you are pricing and positioning your home you want it to be based on accurate information. Pictures and metrics like $/SF of recently sold homes only tell part of the story.

Client Testimonial

“Kopa Real Estate did an amazing job of marketing my home in Avery Ranch.

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Have You Put Aside Enough for Closing Costs?

There are many potential homebuyers, and even sellers, who believe that you need at least a 20% down payment in order to buy a home, or move on to their next home. Time after time, we have dispelled this myth by showing that there are many loan programs that allow you to put down as little as 3% (or 0% with a VA loan).

If you have saved up your down payment and are ready to start your home search, one other piece of the puzzle is to make sure that you have saved enough for your closing costs.

Freddie Mac defines closing costs as:

“Closing costs, also called settlement fees, will need to be paid when you obtain a mortgage.  These are fees charged by people representing your purchase, including your lender, real estate agent, and

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Some Highlights:

  • Distressed property sales fell to its lowest number since NAR began tracking it in 2008.
  • As you can see, with less distressed properties, sales are up in all price ranges except the $0 - $100K price range.
  • Interest rates are still at historic lows, signifying that now is the right time to buy!

If your are interested in buying a home this year call/text me directly at 512-791-7473 or send me an email at eric@koparealestate.com

Have a Question?

Contact Us Now!

*Your information will never be shared with any third party.

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Think You Should FSBO? 5 Reasons to Think Again!

In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers.

Here are the top five reasons:

1. Exposure to Prospective Buyers

Recent studies have shown that 88% of buyers search online for a home. That is in comparison to only 21% looking at print newspaper ads. Most real estate agents have an internet strategy to promote the sale of your home. Do you? 

2. Results Come from the Internet

Where did buyers find the home they actually purchased?

  • 44% on the internet
  • 33% from a Real Estate Agent
  • 9%
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Are you thinking about making changes to your home or yard? Making changes to your most important investment can be an exciting and complicated process!

It’s still a good idea to verify necessary permits with your county’s permit office and here are their contacts:

Austin Development Services Department: 512-978-4000
Travis County Permit Office: 512-854-4215
Williamson County Engineer: 512-943-3330

Read original post here.

Have a Question?

Contact Us Now!

*Your information will never be shared with any third party.

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Mortgage Rates by Decade Compared to Today [INFOGRAPHIC] | MyKCM

Some Highlights:

  • The interest rate you secure for your mortgage greatly influences your monthly housing costs.
  • In the 1980s, 30-year fixed mortgage rates averaged in the high 12s making the monthly principal and interest payment over $2,000.
  • Interest rates are still at historic lows; this is a great time lock in your housing cost and protect yourself from increasing rents, or refinance your current mortgage.

If your are interested in buying a home this year call/text me directly at 512-791-7473 or send me an email at eric@koparealestate.com

Have a Question?

Contact Us Now!

*Your information will never be shared with any third party.

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3 Questions to Ask Before Buying Your Dream Home | MyKCM

If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market.

Ask yourself the following 3 questions to help determine if now is actually a good time for you to buy in today’s market.

1. Why am I buying a home in the first place?

This truly is the most important question to answer. Forget the finances for a minute. Why did you even begin to consider purchasing a home? For most, the reason has nothing to do with money.

For example, a recent survey by Braun showed that over 75% of parents say “their child’s education is an important

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The Past, Present & Future of Home Prices

CoreLogic released their most current Home Price Index last week. In the report, they revealed home appreciation in three categories: percentage appreciation over the last year, over the last month and projected over the next twelve months.

Here are state maps for each category: 

The Past – home appreciation over the last 12 months

The Past, Present & Future of Home Prices | MyKCM

The Present – home appreciation over the last month

The Past, Present & Future of Home Prices | MyKCM

The Future – home appreciation projected over the next 12 months

The Past, Present & Future of Home Prices | MyKCM

Bottom Line

Homes across the country are appreciating at different rates. If you plan on relocating to another state and are waiting for your home to appreciate more, you need to know that the home you will buy in another state may be appreciating even faster.

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Here are five data points that show the housing market will continue to recover, and that a new housing crisis is not about to take shape.

1) Mortgage availability is increasing, but is nowhere near the levels we saw in 2004-2006.

A buyer’s chances of being approved for a mortgage have increased over the last three years; That’s good news for the market. This is not a precursor to another challenge, as many experts maintain that it is still too difficult for many buyers to attain house financing.

As Jonathan Smoke, the Chief Economist of realtor.com, recently explained:

“The havoc during the last cycle was the result…of speculation fueled by loose credit. That’s the exact opposite of what we have today.”

2) The Housing Affordability

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If you ask a Realtor if an open house will help get your home sold most will say no.

In some cases that may be because the Realtor doesn’t want to work weekends. In other cases the Realtor might not know how to hold an open house to effectively advertise and sell the home.

To discourage their clients from asking for an open house some real estate companies even charge extra fees for that service! If you are interviewing Realtors to sell your home make sure you ask if open houses are extra.

We all know there’s a big difference between something one person can’t do and something that can’t be done.

When I look back at our listings this year I discovered 72% of the homes we sold were to an open house visitor.

That statistic may sound

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