❤️ AUSTIN Real Estate Blog

Winter Update Austin, TX

Anyone ready for Spring yet? No Snowpacolypse this year, but this Winter has really dragged on.

2022 has been a continuation of the robust, record breaking market we saw in 2021. The buying season that usually skips over the last couple months of the year didn't happen this year. Our team witnessed multiple offer scenarios with 50+ offers on the table during the holiday season as we finished the year in 2021. This is definitely something unprecedented even in Austin. So when will it slow down?

All indicators point to continued rapid appreciation in Austin and Texas in general. The immense housing shortage, overall affordability of Texas Real Estate and low interest rates will continue to keep our local real estate in extremely high demand. Most

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Homestead Exemptions In Central Texas

Austin Homestead Exemption Filing Deadline

This is your annual reminder from Austin House Company to make sure you've filed your homestead exemption. This exemption is for any homeowners that recently purchased a home and did not live in the home in January 1st, 2021. It's also a good reminder for everyone else to double-check and make sure your homestead exemption is in effect if you've lived in your primary residence for over a year. Considering how quickly values are rising, it definitely doesn't hurt to make sure your exemption is in place.

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, 2022- April 30, 2022.  But remember, you currently have to own and occupy the

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Late Fall in Austin, TX

Fall has flown by and with only days before December, it’s hard to believe that the Holidays are already upon us! …Are you ready?!

With 2022 around the corner, last minute serious buyers are trying to find their home within the sparse inventory. Luckily, many of our clients have been successful in finding homes and with our help, are able to secure great deals. (Don’t hesitate to reach out if you too are looking to score a home before the end of the year, we can definitely help).

The market stats below reflect some slight changes in what we’ve seen this year up until now. Very low inventory, homes sitting for an average of 20 days on the market. Medium home sales prices have slowly increased to $455,000, which is definitely still above the

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Hill Country Modern Construction

Must see this stunning custom built hill country modern home located in the beautiful and desirable Spring Branch, TX. This features over 4,000 square feet that has been meticulously curated for those with a modern aesthetic. Open concept with soaring ceilings and wide open spaces - inside and out. High end finishes throughout - no expense has been spared. Country like living on this acreage property with all the modern amenities like a top of the line out door kitchen, outdoor bathroom and shower and spacious covered patio. This is truly an entertainer's paradise with the added security of automatic driveway gates and a fully fenced property. Amazing neighborhood full of amenities like river access, clubhouse, pool, playground with surrounding picnic

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Austin Is Open For Business!

School's out and Austin is finally open for business. Whether it's catching an Austin FC game or enjoying your favorite patio restaurant, it's nice to be able to get out and enjoy what this city is all about. After what was a record breaking span of six months, Summer has brought us a slight cooling period in the market. 

The latest market stats directly from the Austin Board of Realtors are highlighted below including both May & June. The first thing you'll notice is that the median sales price is still up dramatically from last year - over 40%. Inventory levels are still really low, although July is showing an increase in inventory. Some of the factors that will effect inventory levels for the rest of Summer and Fall include how well homes are

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Welcome All - Bienvenidos a Todos - Austin, TX

 

Just when you think you've seen it all, Austin get's hit with a meteoric rise in home values only to be exasperated by SNOVID aka SNOWPACOLYPSE aka a fierce, snowy blizzard in Central Texas. January started off with a bang, sales were spiking and multiple offer scenarios, where sales prices were easily at 20-30% over list price, was the norm. This created a bit of a frenzied state, not only amongst home buyers, but also the real estate community itself. Everyone starts to wonder when offers are $150K over asking, buyers are paying for title policy and in some cases, waiving your inspection option... what's next?

A historic winter storm in Austin, TX, that will shut down the electrical grid, that's what's next! Apartment & Condo dwellers really

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Money, Money

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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