Covid-19/Coronavirus Real Estate Market Update

Everyone is asking me “How’s the real estate market?” Here’s what we are seeing.

Transactions are still happening. As of today, March 30th, in the Austin MLS on average over 100 homes are going under contract every day. Things are slowing down but people are still selling and people are still buying.

Here's what we are seeing with our business. Some of our sellers and buyers are telling me they are going to hold off for now and I’m supporting them in that decision while I continue to keep them aware of what’s happening.

Some of our clients need to sell now and some need to buy now, and we’re doing that with all the appropriate precautions.

All of this is day by day and in some cases hour by hour. Things may be different by the…

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Avery Ranch Bulk Pick Up

The next Bulk Collection in Avery Ranch begins on February 10. Check out the postcard to see what items can be picked up.

Client Testimonial

“Kopa Real Estate did an amazing job of marketing my home in Avery Ranch. If you are thinking about buying or selling in Avery, don't spend anymore time looking--call Eric. Unlike some other realtors I've worked with in the past, they understand how to market a house. While other homes are still for sale that were put up before mine, mine sold in days with 5 offers. They know how to create demand. HIGHLY recommend Kopa Real Estate. ” - Paul

Get Your Complimentary Avery Ranch Home Market Analysis Report Right Now!

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Economic Update Information I Enjoyed

I’ve attended a couple interesting economic updates in the last few weeks and I wanted to share a few of the interesting and perhaps unexpected slides.

Can you believe the average household income for 20% of the people in our area is now almost $250,000, and that is from 2017? Many people talk about the rush of Californians to our area and how that is causing home prices to go up. This demonstrates it’s not just the number of people but also that many of those transplants have higher incomes than residents who have been living here for years.

Where we have seen this impact real estate is prices are being pushed up as our real estate is still affordable for someone earning this type of income.  In addition, more buyers are skipping the…

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Home Values Are Tricky At The Beginning Of The Year

Home values are tricky at this time of the year. 2020 is going to be challenging to both buyers and sellers with a low number of homes for sale and prices going up. If you are planning to buy or sell a home in particular at this time of year you deserve to have an expert Broker helping you and here’s why.

If you are selling a home, you’re at risk of pricing your home too low. Particularly if you sell your home off market. Although our market is not as seasonal as you might expect for certain floor plans that may not sell very often there may be much more demand than supply that has built up a backlog of buyers over the winter. It is important to work with a Broker that won’t just price your home based on what sold almost a year ago. You…

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Why Is Open Door Is Misleading You About The Real Estate Market And Your Home’s Value?

Open Door is a house flipping company that buys homes at a low price and then re-sells the homes at a higher price. I think it’s great that consumers have more choices today when it comes to selling their homes.

It’s great as long as consumers are informed and not being misled about the real estate market and the true expected sales price of your home. What I’ve found when testing an offer for my own properties is the offers were very low. Because I’m working in the real estate business I know their offers are low. My fear is Open Door is preying on people who are less financially savvy and the people who can afford to lose money the least.

Because I previously requested an offer, yesterday I received this email from Open Door saying the Austin…

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How To Sell Your Home With A Solar System In The Austin Area

Are you planning to sell a home with a solar system in the Austin area? Follow these tips to maximize the sales price for your home.

1. Put Together A Package Of Information About Your Solar System

Think back to when you purchased your solar system. What information was important to you? Chances are the buyer of your home will want to know the same things.

When we are selling a home with a solar system we will put together a package of information including…

• Original cost of the system
• Age of the system
• KW size and number of panels
• Warranty
• Current utility bills compared to before solar system
• Is the system owned or leased

It is important to have this information in the document section of the MLS as…

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The Hidden Killer Of Home Value

In our neighborhood everybody talks about the ways in which home values are affected in the community. Maybe it is new apartments being built, sometimes it’s cars parked on the street, many people are concerned about cars being broken into, for others the hot button is landscaping and how the community is maintained.

When I talk to our neighbors the conversation often turns to some of these issues and how they are affecting our property value negatively. They talk about all the visible things that may potentially affect home value in a neighborhood.

In reality there is a hidden killer of home values that very few people know about. The hidden killer is the average agent that listed your neighbor’s house.

Let me tell you why.

Because when…

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Cancel At Any Time

If you are like me whenever you are buying a product or service you want to know what guarantees you will receive and how you can cancel the agreement. For some reason when people are selling their home they don’t think about getting a guarantee. Perhaps it is because some people think the real estate market is so good that every home will sell quickly.

In reality, about once a week we receive a call from a person trying to sell their home. Their agent isn’t performing and the seller isn’t happy. Their home isn’t selling and it seems like promises were made by their agent and not kept.

The seller wants to hire us to sell their home but unfortunately in most cases the seller has signed an agreement with the agent that doesn’t allow for the…

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What We Are Seeing In The Market October 2019

If you can’t decide between selling your home now or waiting until next year let me give you a 3rd option…what’s called a delayed entry pocket listing.

We are contacted almost every day by buyers and other Realtors asking us what homes we have coming on the market soon. Often a buyer will see one of our homes that isn’t a good fit and ask us what we will be selling that would better work for their family. A pocket listing allows us to keep your home in mind in case someone contacts us that would be a good fit for your home.

What if we had a cash buyer for your home or someone with a flexible move in date? Would you be willing to sell now if they paid the price you want for your home?

A delayed entry pocket listing means we have an agreement…

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What Is An "As Is" Contract?

Selling your home isn’t like selling a toaster on Craigslist or selling your car at the CVS parking lot. There is often a misunderstanding of what as As Is contract means.

I had a client whose AC wasn’t working when the buyer performed their inspection. When the HVAC tech arrived at the property, he told my client she didn’t have to repair the AC because real estate contracts are As Is.

Technically the tech is correct but there is a big difference between what happens after going under contract on your home with an As Is contract and how things play out in the end. 

When a buyer makes an offer for your home they will check off if the contract is As Is or if the buyer is requesting any specific repairs and treatments. By far the…

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