❤️ AUSTIN Real Estate Blog

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What is an iBuyer? This is a big buzz word in real estate right now, iBuyers are essentially companies that purchase real estate from property owners at a heavy discount. Does this seem like something you would be interested in? Likely not, as most home owners prefer to get top dollar for their investment, but in some cases an iBuyer can be the best solution. Some names that may ring a bell are Zillow, Homeward, Orchard, Offerpad & HomeLight. One thing to keep in mind is that all iBuyers are not created equal.

Let’s go over the pros and cons shall we? Pros include a quick process, no need to show your home and no need to pay REALTOR® commissions. Cons are a discounted purchase price and heavy transaction fees. This is probably an

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Homestead Exemptions In Central Texas

Not many people get excited to pay property taxes, especially when you live in one of the fastest and hottest real estate growing cities in the U.S,- every year can look more expensive. That's why, we, at the Austin House Company, want to make sure you remember to file your homestead exemption in order to save your hard earned money.

If you want to take full advantage of the tax savings when you apply for a Homestead Exemption, you'll have to file between Jan. 1, 2021- April 30, 2021.  But remember, you currently have to own and occupy the home and state it as your primary residence (you then cannot claim a homestead on any other property).  We've listed some more important information you'll want to know

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Austin is Blasting Off!

Austin is blasting off! And this isn't just a pun related to SpaceX CEO Elon Musk moving into town and bringing Tesla with him. 

The latest market stats from the Austin Board of Realtors is highlighted below. Inventory levels have reached historical lows in December, and we should see those stats next month. If you're a buyer in the current Austin Real Estate market you have likely experienced how tight and difficul the inventory levels have become. Even new home builders have inventory issues and delays that are creating long wait lists for upcoming phases and new communities. This is all due to a "perfect storm" of factors that developed over the last fews years. Austin has been a popoluar place to live for a long time. The mortgage crisis caused

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At the beginning of 2020, it was thought that this would be a booming year for real estate and Austin, Texas real estate agents would be quite busy. However, thanks to COVID-19 bringing life as we know it to a screeching halt, things may not be as prosperous as previously predicted - or will they? 

In an article posted on CultureMap.com, Romeo Manzanilla, the president of the Austin Board of Realtors, said that home sales will continue to soar, thanks to the extremely low-interest rates. Also, the demand for housing will only increase as houses are sold, which means the housing market is unlikely to run into any lasting negative effects. 

However, according to Mark Sprague, Austin’s Independent Title state director of information capital, he

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Whoah! The last few months have seemed like years. It's usually about this time of year when Austinites start getting sick of the 100 degree temps, but this year we're all wishing we could be outside and mingling more than ever before. 

I've including three months worth of stats below. While April was a little sluggish, as can be understood considering the uncertainties of the pandemic, May and June showed how resilient the Austin market continues to be. You also have to keep in mind that these stats only show what the market is doing in terms of recorded MLS sales. More deals area being done outside of the MLS right now due to the lack of inventory, and quick decisions being made in the market place. Have any of you considered adding a pool or

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COVID-19 & Austin, TX

 

Ok, now that the elephant in the room is out in the open. We're all dealing with COVID-19 and its repercussions. If you're reading this, hopefully you've been unscathed as many people have lost the jobs and much worse. It's definitely a time to appreciate the small things in life that may have been taken for granted in the past. 

Let's get to business shall we? When it comes to Austin Real Estate in March of 2020, the market was solid. Numbers continued on an upward trend for the most part, although we saw some signs of the impact of the ongoing pandemic and how it can and will affect the market. If you've been doing the research and really taking in what those in the business realm have to say about real estate and the economy, most signs

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TCAD is Stalling, but Austin is On Fire!

Hustle & Bustle Downtown Austin       

Whoah! 2020 has really started with a bang. If you watch the headlines there are new developments at almost every turn. The "real" Domain is almost unrecognizable when you compare what it looked like two years ago to what it looks like today, and Austin FC is only going to promote more change in the area. Corporate business growth is also causing prices to spike and inventory to shrink all across the metro. All the big players are involved in the real estate game including companies like Apple, Amazon and maybe even Tesla? Apple is buying up real estate near it's soon-to-be expanded campus and new announcements from Google and Amazon will continue to push the market in the North Austin tech corridor.

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Homestead Exemptions In Central Texas

       

Here's your friendly annual reminder from Austin House Company about your homestead exemption. If you want to take advantage of tax savings, you'll need to apply for a Homestead Exemption if you occupy the home you purchased last year as your primary residence. You can file fo the Homestead exemption between January 1st and April 30. We've listed some important information about the Homestead Exemption below. And remember, Texas in a non-disclosure state, so if you get asked your purchase price, don't do it. You are under no obligation to disclose. 

There are different criteria that you need to meet in order to qualify for a Homestead Exemption. Click here to read about some of the details surrounding

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July 2019 Austin Metro Real Estate Statistics

BACK TO SCHOOL MARKET IS CHUGGING ALONG

In July, we saw the highest median home prices rise once again! The number of new listings was up, and while the number of active listings was down. Pending sales are up a whopping 17% year over year, as predicted in our early Summer update, interest rates seem to have helped push the Austin market along. 12% more home sold this July vs last July. I guess the heat didn't keep everyone away. This July was recorded as the hottest July (temperature hot) EVER! We still have very low amounts of inventory, but what is left seems to be sitting on the market a little longer than usual. 

Refinancing and investment purchases are very strong. Investment loans are very affordable and interest rates dipped again, so if

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May 2019 Austin Area Real Estate Stats

EarLY SUMMER BRINGS RECORD BREAKING VALUES AND SUPER LOW RATES! 

In May, we saw the highest median home price in the Austin area - EVER! The number of new listings is down, and so is the number of active listings as more and more buyers flood the market. Pending sales are up 8% year over year, and this number may see an increase this Summer as super low interest rates are boosting buyer confidence. The May 2019 stats report shows that unit sales increased by 6% to 3,452 when compared to May of last year. Sales volume totals for May were a strong $1.5 Billion up 15% year over year. Inventory stays low as pending sales continue to rise. 

For those investors out there, it might be worth a look at your interest rates. Even investment loans are very

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