Determining the list price of your home in the Austin area is a delicate balance that involves taking into account a variety of factors. The perfect balance can be achieved by considering the following:

  1. Comparable Sales: Researching recent sales of similar homes in the area (comparable sales) can provide a good starting point for determining the list price. This will give you an idea of what similar homes in the area are selling for and can help you set a realistic price for your own home.
  2. Home Condition: The condition of your home is also an important factor to consider when determining the list price. A well-maintained, move-in-ready home will generally command a higher price than a home that needs repairs or updates.
  3. Market…

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Early indications are the Austin area housing market is heating up again for the spring.

Each week we get a slightly better view of the 2023. Of course, in between when I am writing this on February 2nd and when it hits your mailbox things may have changed so get in touch with us to find out exactly what’s happening at that time.

Here are some of the early signs of a stronger real estate market this spring.

Open Houses And Showing Activity

We had 24 guests at our first Open House of the year which is much higher than I expected. The owners asked for buyers to remove their shoes. Here’s a picture I took of outside the home that shows how many people were inside at that time.

That home went under contract in only 6 days. With the…

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The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. In many ways, it’s put the market into a reset position.

Last January I talked about how we needed to watch the inventory of homes for sale and interest rates. As the Federal Reserve made moves this year to try to lower inflation, mortgage rates more than doubled. At the same time, we saw huge jumps in the number of homes for sale. This was a double whammy for the real estate market and had a cascading impact on buyer activity and ultimately home prices.

What’s Ahead For Mortgage Rates In 2023?

Interest rates shot up to over 7% and as of the end of 2022 have settled back closer to 6%. Moving forward, experts agree it’s still going to be…

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This may be our last blog of the year and I know many of you reading this are making real estate related plans for 2023. If you are, we should talk right now. There are many confusing things happening with both the overall economy and the real estate market and as you make your plans it’s important you have accurate information and you are interpreting what’s happening correctly. I certainly don’t have a crystal ball, at least one that isn’t foggy, but I may be able to point you in the right direction by giving you a few things to think about that will make your plans easier and more profitable. To schedule a time for a conversation, call 512-791-7473 or schedule online at KopaConsultation.com. How Was My Crystal Ball In January?

I thought it would…

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The other day I saw someone describe the real estate market as being scary.

We are heading towards something nobody has ever been through. There’s never been a time with so many events happening all at once. We have both headwinds and tailwinds for the economy so in near future things are murky. It’s understandable some people will think it’s spooky out there in the real estate market.

Perhaps that’s true in the short term. In the long run the thing I know is people will always be buying, selling or renting real estate.

Part of the reason things seem spooky is with social media there are so many people trying to make a name for themselves or trying to get clicks by promoting that we are approaching doomsday.

Here are some of the things the…

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When you are ready to buy your next home there are several ways of doing this without selling your current home first. Let’s review your options.

Qualify For 2 Mortgage Payments

It is possible to obtain a mortgage on a new property prior to selling your current home as long as you can qualify for both mortgage payments. This will allow you to buy and possibly move into your new home prior to putting your current home on the market. Many of our clients take this option and we are able to stage the home we are selling so it doesn’t look empty.

Buy Contingent On The Sale Of Your Current Home

It may be possible to get an offer accepted on a new home and have that offer be contingent on selling your current home. Our success in getting…

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If you have been shopping for a home there are 3 important things you should know about mortgage interest rates today.

Fed Raised Rates And Mortgage Rates Went Down

You probably heard the Federal Reserve raised interest rates .75% in July. The Federal Reserve does not control mortgage interest rates. It seems counterintuitive, but when the Fed raised their rates mortgage interest rates actually went down. Mortgage interest rates had been over 6% back in June. As of August 2nd, we were seeing quotes for 30 Year Conventional rates near 5%.

Jumbo Rates Are Lower Than Conventional Rates

In the Austin area the loan limit for Conventional mortgages is $647,200. If you are borrowing more than that you would be getting a “Jumbo” mortgage.…

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The Avery Ranch fireworks show for 2022 has been cancelled.

For more information contact the Avery Ranch HOA.

                                                           

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Perspective And Real Estate

Avery Ranch & 78717 Real Estate Update


 

Let’s review the 78717 and Avery Ranch real estate housing market statistics for May, 2022. The number of homes sold was down 8% compared to 2021. Homes sold on average for $316 per square foot, up 16% over last year. The average sales price increased 14% to $772,180 and the median sales price increased 9% to $720,000.

The home that sold at the lowest price was in Brushy Creek Village for only $286,66. This home was sold off market and entered into MLS as…

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Because we have a market-proven system to sell investment properties that have always been a good portion of our business. This year we have been contacted by an unusually large number of investors who are considering selling their investment property. Some of the investors think the market is nearing a top while others have decided being a landlord isn’t for them. If you are thinking about selling your investment property here are a few questions to ask yourself.

Do you want to be a landlord?

I believe successful investors enjoy owning investment properties and they run their investment properties like a business. If you don’t enjoy some of the negative aspects of owning rental properties such as dealing with tenants or having to lease a…

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Your property tax value is low. I’m Eric Peterson, Owner of Kopa Real Estate. I have good news and bad news depending on how you look at it. Just before you received your 2022 property tax assessment, we already sold a house for $268,000 more the 2022 assessment. To put it in perspective that’s a 38% increase over the 2022 value and we have another home under contract for 42% over the 2022 tax value…and we are only in the first week of April.

That means 3 important things to you right now.

#1. Here’s the good news. Your home is worth a lot more than the tax value and more than you think. If your first thought when you opened your notice of value is that you could never sell your home for that much you will be surprised. Chances are you can…

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