An older man with glasses is sitting in a cozy, well-lit room, reading a newspaper. The room has wooden chairs and a large circular window in the background. The man appears relaxed and content as he enjoys his reading.

You may have heard mortgage rates are going to stay a bit higher for longer than originally expected. And if you’re wondering why, the answer lies in the latest economic data. Here’s a quick overview of what’s happening with mortgage rates and what experts say is ahead.

Economic Factors That Impact Mortgage Rates

When it comes to mortgage rates, things like the job market, the pace of inflation, consumer spending, geopolitical uncertainty, and more all have an impact. Another factor at play is the Federal Reserve (the Fed) and its decisions on monetary policy. And that’s what you may be hearing a lot about right now. Here’s why.

The Fed decided to start raising the Federal Funds Rate to try to slow down the economy (and inflation) in…

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Eric Peterson, owner of Kopa Real Estate, holding up us letter from Williamson County about his property taxes.

If you are protesting your property taxes here are a few quick tips that may help you be more successful this year. 

They Give You Their Comps

Within your notice of value you should have received a Comparable Sales Report giving you the specific properties the tax office used to determine the value of your home. I often hear of homeowners going to for their appointment without this information. They are showing you their hand and you should be able to use that information to help your argument. 

Removing A Comp May Be More Important

The reason why it’s important to know in advance their evidence is in my own experience demonstrating to the appraiser why a comp shouldn’t have been used gets me more bang for my buck than providing additional…

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What It Means And What It Doesn’t Mean

A newspaper article about realtors coming to a settlement about how Americans buy and sell homes.

By now I’m sure you’ve heard that the National Association of Realtors announced a proposed settlement to address the broker compensation lawsuits that have popped up across the country. The settlement has generated a lot of media attention and unfortunately a lot of what has been reported is misleading so I wanted to give an explanation of what has happened.

Before I even start, this is a proposed settlement that still needs court approval and none of the changes will go into effect until July at the earliest. However, I do expect it will be approved whether in this format or something similar and we are already putting systems into place to guide our clients through any possible changes and give you the…

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Almost every day I get calls or have people attend our seminars thinking they can’t sell their house because of what they are hearing in the news. I assure you we are still helping people like you sell their homes and If what you are hearing has stopped you from making a move contact us to talk about your plans. Many people have benefited this year from scheduling a buying power and home improvement audit. I’ve found that even if what I tell them isn’t what they want to hear it allows them to make better decisions and move forward with their life. I’m not saying it’s easy but in the end our clients always say it’s worth it to move on to a better place.

Who Is Moving Right Now?

One of our recent clients were the original owner of their home. They…

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Lance Lambert, real estate editor at Fortune Magazine, called Austin the most interesting real estate market in America.

Prices went up like a rocket and came back to earth, but still up 43% since March 2020. Some people can’t get over missing out on timing the market. The truth is few people did because even those who sold at the top had to buy in the same market at the top.

If I told you in March 2020 your home would be worth 43% more in 3 years you would have been over the moon happy about that. If you’ve allowed yourself to get stuck because you missed out on the peak perhaps a change in perspective to thinking about how much better off you are than 3 years ago will help you get unstuck. Otherwise using 2021 and early 2022 as your baseline…

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About this time last year we saw interest rates increase at a rate never seen before along with a dramatic increase in the number of homes on the market. As a result, buyer demand dropped off the cliff which caused prices to fall around here almost as much as anywhere in the country. Of course, our prices had gone up so much we had farther to fall.

Many buyers, especially those influenced by social media predictions, held off buying thinking they could wait for prices to crash like in 2008.

Instead of seeing a 2008 crash, this spring has seen a resurgence in buyer demand. It appears buyers have gotten used to interest rates in the 6% range and have realize we aren’t going back to 3% rates any time soon and likely not forever.

In addition, we have…

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It’s hard to believe, but summer is already around the corner. Here in the Austin area, our home-selling “season” kicks off in spring and reaches its peak in the summer. It’s our busiest time of year, although this year things will be a little different.

With interest rates up, demand has slowed compared to last year. Prices remain high and sellers still have the upper hand, but buyers have a bit more leverage and homes are taking longer to sell on average. This season, homes that are attractive to buyers and marketed aggressively will sell fast and high. Here are the strategies we’re using to position our summer sellers for the best result possible.

I have to give myself a little grace here because I haven’t gotten much sleep lately and I’ve…

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After 497 people told me they were going to wait to move until the market is good again, I realized I wasn’t doing a good job. 

You see, I am a “Professional Mind Maker Upper” and people count on me to consult with them so they can make the best decisions for their lives and their families. There’s a saying “Garbage in and garbage out” meaning if you don’t use accurate information, you won’t make good decisions. I was letting people use bad information without taking the time to ask more questions and explain some of the data that’s available about the real estate market. 

I have to give myself a little grace here because I haven’t gotten much sleep lately and I’ve changed a lot of diapers over the last few months so it’s possible I simply…

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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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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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