Market Tips

Found 6 blog entries about Market Tips.

Whenever I look at the real estate market statistics I like to pick out a few interesting things you might not know simply by looking at the numbers.

It is often difficult for me to explain how dollars per square foot works when trying to price real estate. Sometimes homeowners with beautiful homes will want to take the average $/SF and multiply that by the size of their home and then add their upgrades. In reality, when using the $/SF statistic for all of Austin, the numbers will skew more based on size than condition of the home.

A great example of this is the home in Austin that sold for the highest $/SF was also the smallest home and the home that sold for the lowest price. It is counterintuitive that your home which is likely much nicer and

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Owning investment property can be a great way to build long term wealth. For the right person becoming a real estate investor can be an enjoyable and profitable experience.

We often talk with homeowners who are considering renting or selling their home. We also talk with many people who have rented their home for one year and after that have decided to sell.

Over the years we have found some homeowners who decide to rent their home do not realize some of the expenses they will incur when converting an owner occupied home into an investment property.

If you are trying to make this decision for yourself here are a few things you may want to think about. As always you should consult a tax professional to go over your specific situation.

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Property tax appraisal values have been mailed out in Williamson County. I have seen a lot of questions about protesting property taxes because the values we have received from the Williamson County Appraisal District (WCAD.org) have gone up significantly again this year. 

I just lowered my property tax appraised value from $402,874 to $367,011 (if I choose to accept that value) in 2 minutes without leaving my home. You may not get the same result but it’s worth a shot and I thought I would pass on some tips that might help you.

I used to think the process to protest my property taxes was confusing. Then I figured out the tax office has a system and by following directions it has been much easier for me.

This isn’t intended to get you a below

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Austin-area home sales hit all-time high, inventory levels rising in July 2015

Austin Board of REALTORS® releases real estate statistics for July 2015

AUSTIN, Texas – August 20, 2015 – According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS® (ABoR), Austin-area home sales hit an all-time high, increasing 12 percent year-over-year to 3,149 sales for the month of July.

Barb Cooper, 2015 President of the Austin Board of REALTORS¬®, explained, “We’re in the midst of one of the most active summer selling seasons to-date, with more single-family home sales than ever before. Home prices remain high, but inventory levels have increased steadily throughout 2015, perhaps taking a step toward a more balanced

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Last week I heard another Realtor refer to south Austin real estate as a “war zone.” That might be an exaggeration but it’s definitely pretty bad out there.

The number of homes sold in the Austin MLS during March reached an all time high for the month of 2,440. That is a 13% jump from March 2014.

The median price was up 10% and average price up 13% to $334,758.

These numbers don’t tell the whole story. Believe it or not in some parts of our area things are even hotter than those statistics would indicate. Several times in March and April we have seen properties with over 10 offers on them. Many of these homes are selling for well over the asking price.

Stories of multiple offers have become common in south and central Austin over the last

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According to the Zillow 2014 Nationwide Survey of Real Estate Agents and Interior Designers, the number 1 investment for a home seller is Curb Appeal. And the second best investment a home seller can make is hiring a professional home stager.

You’ll never get a second chance to make the first impression. Buyers begin to make assumptions about the property right from the curb-side … even before they step in. So creating a strong first impression is a very important step in the process of selling your home.

Here are a few tips that will help you create a great curb appeal:

De-Clutter And Clean

A clean entrance can go a long way toward establishing a positive first impression. Remove extra objects from the entrance like kid’s toys and bikes.

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