Buying a Home in Austin

Home for sale

We aren’t stuffy.  We aren’t high pressure.   And we don’t take ourselves too seriously because we believe buying a home can be both easy and fun.

 

Our goal is to apply our market knowledge to help you find the right home that meets your needs and budget.  Whether you are looking for the perfect home in a great school zone, building an investment portfolio, or searching for your dream home, you can count on us to give you candid advice and practical recommendations along the way based on our broker’s 21+ years of experience in the Austin market.  We focus on giving you an unparalleled level of personal attention and responsive service so that you can focus on making the purchase decision that is right for you.

The process for buying a home can be broken down into nine basic steps:

  1. Identify the long-term goal of your purchase.  The criteria for an investment property versus a permanent dream home are different.  We will help  you identify your objective and tailor your home search to meet those needs.

  2. Search for the right home.

  3. Negotiate with the seller to get you the best deal possible on the home you select.

  4. Inspect the home to identify any underlying issues or concerns.

  5. Re-negotiate the purchase price of the home, if needed, based on the outcome of the inspection.

  6. Finalize your home loan and homeowner’s insurance.

  7. Arrange to turn on the utilities in your new home, typically to start on the day your purchase contract is “closed.”

  8. Sign the paperwork to finalize the purchase at “closing.”

  9. SMILE – you own a home.

Not only is buying easy, it’s never too early to talk with us about your thoughts.  We are happy to help you at any stage of the process.

 

As you begin your home search, take a moment to review these helpful buyer links.

 

Buying a Home in Austin During the Winter Holidays

Buying a home in Austin during the winter holidays can mean you g et a better deal than if you wait until the spring

 

 

Many Austin home buyers are reluctant to search for homes during the holidays.  We can totally relate.  After all, the season is already hectic, and it can be a challenge to find the time to view properties when you are already juggling so many other seasonal commitments.  While it may seem counterintuitive, December can actually be an excellent time to find a home, especially if you’ve been on the losing end of the multiple-offer bidding wars we’ve been experiencing in Austin lately.  Before you eliminate the idea completely, here’s why December can be a good month to buy a home:

  1. You have less competition because there are usually fewer buyers searching for homes in December.

  2. Winter presents a unique opportunity to evaluate how the home performs in cooler temperatures, so you can check for drafty window seals and so on. You can also see the permanent structure of the home more easily because some of the landscaping has usually died back.

  3. You might get a tax break if you close before the end of the year, since you may be able to deduct mortgage interest and other costs.

  4. Homesellers tend to be a little more motivated to sell (translation = more negotiable) in order to start fresh in 2017. This can be especially true if the home has been on the market for awhile.

  5. You can get the same house for less in December than if you wait to buy in the spring. The data shows us that homesellers often earn 8% more when they sell their home in the spring. Take advantage of this seasonality!

  6. While mortgage rates have seen a slight upswing lately, they are still low compared to historic rates. This recent uptick is a gentle reminder that our current low rates won’t last forever.

All that said, searching for a home during the holidays is not without its downsides.   You may have less to choose from because there are fewer homes on the market.  Plus, with the abundance of holiday activities going on, it may be a little harder to get in and see properties.  You may also have to adjust your move-in date so that it doesn’t interfere with the sellers’ holiday traditions.

But even with those downsides in mind, overall buyers have a good chance of finding a home during the holidays, at a better price than if they wait until spring.  We can help you navigate Austin’s winter real estate market.  If you’d like to discuss buying a home this winter, contact us at 512-300-2995.  No pressure, no obligation.

Happy holidays!

Paul Reddam | Broker/Owner  |  December 2016

 

(c) Homesville 2016.  All rights reserved.

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