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Market Shifting? Predictions and Advice

The Austin real estate market is shifting.  Here is what I am seeing: Sellers are still receiving multiple offers in Central Austin, but fewer of them. Where we would have gotten 5+ offers in the recent past, these days we are getting 2 or 3 offers, or in some cases, none at all.  Meanwhile, buyers continue to benefit from last month’s trend of price reductions.  Plus, sellers are being a little more…

My field notes of homes currently on the market in Allandale and Crestview

Coming soon. A 3/2 in Crestview with a 2 car garage that is set to go on the market next week. In the process of doing my pricing homework I developed these field notes. Hope they are helpful. My field notes on 3/2’s under 500k in Crestview, Brentwood and Allandale… 1208 Romeria $409,900 3/2 nice…

Homes under 500k near the Austin Apple office

Your home buying dollar goes a little further in Austin than in Cupertino. Thought you guys at Apple might like an easy way to check out some homes for sale close to your headquarters in Austin Texas. These are sorted by price so you can get a feel for what you can get and they will…

Overly exuberant Austin home sellers continue to reduce prices

Last month we wrote that sellers were starting to adjust their prices downward, more home were available for sale and that overly exuberant sellers were getting caught asking too much and paying the price. This new trend is continuing. (to spite contrary articles written from the Austin Business Journal and Austin Home Search – our…

Central Austin Homes 280 to 500k

Some of my favorite neighborhoods are Allandale, Crestview and the Wooten area. For those of you looking to stay close in –  and to have a nice home, it can be had just check these out. I have them sorted by time on market because as you know the good ones don’t always last. If…

Austin Metro area up about 50% over the last 3 years

Over the last 3 years the Austin home owners have done quite well. Comparing home appreciation in Austin, Round Rock, Cedar Park and Pflugerville we found that pretty much across the board the Austin metro area homes have appreciated about 50%. None of this is exact but pretty close. (I think) Median home price in…

Austin home sellers are reducing prices for the first time in a while

With the heat of summer upon us we are starting to see a little bit of a slow down in the market. I don’t think it will last for long but the big take away is that Austin home prices are dipping a bit, more homes are available for sale, and more sellers are having…

Are you looking for coming soon and pocket listings? So are we!

Want to know how we find pocket listing and homes that are coming soon for our buyers? The normal way The way most agents find homes ahead of the MLS is by checking with folks they know, talking to agents they are doing deals with and just getting lucky stumbling onto a coming soon or…

Our commission model is different and we think more fair

Commission Instead of the usual 6% commission (with 3% going to your listing agent and another 3% going to a buyers agent) my sellers pay $8,000 at closing + a 3% commission that’s paid to buyer agents through the MLS.  In comparison, if your home sells for more than 267k, you start saving money by using…

Mayors across the country believe Austin will shine through 2020.

A report was just released at U.S. Conference of Mayors meeting in Dallas. The Austin Business Journal reported on this and these are my quick notes…. Austin is expected to lead maintain it’s #1 ranking with the highest gross metro product growth through 2020(currently at 4.6 percent) Austin’s unemployment is around 4 percent and is…