The #1 question people ask me is “How’s the market?” Real estate statistics mostly tell you where the market has been. It’s like driving while looking through the rear-view mirror. If you want to know where the market is heading and drive while looking through the windshield you will want to follow the 4 most important housing market indicators. These are the statistics I look at when talking with someone about buying or selling a home.

Months Of Inventory

Months of inventory tells you how long it would take for all the homes that are currently on the market to sell if no additional homes were listed. A market with 4-6 months of inventory is generally considered a market balanced between buyers and sellers.

When the months of…

1282 Views, 0 Comments

Read Full Post

 

If you are planning to sell your home you may be approached by a buyer or a Realtor to sell your home off market. An off market sale is where your home is not widely advertised in the Realtor database called the Multiple Listing Service or MLS. Some agents also call off market listings pocket listing or their silent market.

You might be wondering if you should sell your home off market is right for you. Here are some of the pros and cons of selling your home off market.

Pros Of Selling Your Home Off Market

Your Neighbors Don’t Have To Know Your Home Is For Sale

If you would like to sell your home more discretely an off market sale may be a good option for you. Your friends and neighbors don’t have to know you are selling your home…

2685 Views, 0 Comments

Read Full Post

 

Between Covid and all the people relocating to the Austin area we are seeing an increase in offers on our listings from buyers who are making offers sight unseen. First off let me explain when we say sight unseen that means the buyer has not seen the home in person.

Whenever we have an offer on a home from buyers where all the decision makers have not seen the home in person our clients ask me what they should do. Sellers are always worried a buyer will make an offer sight unseen and then back out prior to closing.

When we are giving advice about sight unseen offers there isn’t a simple, one size fits all answer and here are some of the things we talk about with our clients to help make a great decision.

Is Anyone Else…

4461 Views, 0 Comments

Read Full Post