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
Ask any real estate agent how the market is and you’re almost sure to get the same answer: “Great!”
Even if the market is great, it still may not be a great time for you to sell. Many real estate agents will tell you that NOW is the right time to sell your home when in reality, they can’t know that without knowing the specifics of your situation. Before going down a long and stressful journey, let’s first decide if selling your home right now is a mistake.
What’s true about relationships is also true about selling your home: When it’s time to make a big decision, go with your gut feeling. But like anyone who has ever put off a breakup, it’s amazing how easy it is to talk yourself out of what you really want to do. You’ll say you’ll get around to
Navigating the home selling process is not an easy one. While it may seem like Realtors simply stick a sign in the dirt and BOOM it's sold, that doesn't come close to the reality of selling a home. Below we've highlighted some research provided by the National Association of Realtors.
Highlights and drawbacks of For Sale By Owner
Roughly 8% of home sales are For Sale By Owner (FSBO) listings
The Typical FSBO home sold for $190,000 compared to $249,000 for agent-assisted home sales
35% of FSBO listings used a yard sign as their primary method of advertising
28% of FSBO listings were not activity marketed
The most difficult task for FSBO sellers was GETTING THE RIGHT PRICE
We're pretty proud of our branding and technology and we utilize all the tools we have to make our listings shine above the rest. Take a look at this video provided by our Broker, Israel Gutierrez, that delves into some of the tools we use to maximize exposure of our listings and make sure they look their best when they are being advertised.
Selling With Austin House Company from Austin House Company on Vimeo.
If you have any questions about the current market or would like more analytical detail, just shoot us an email at israel@austinhouseco.com. You can also call our office at (512) 299-3809 or message us on Facebook, Instagram, or Twitter.
