Buyer’s remorse is real. We experience it all of the time in little ways. You cheat on your preferred brand of shampoo because of a sale and regret it the first time you use it. Bought a new shade of lipstick and your life didn’t change the way you thought it would? Participated in the latest diet fad, and only lost money? You live, you learn, you reboot – most of the time.

In real estate, buyer’s remorse isn’t that easy to wipe from your memory. Continue reading →

For home sellers entering the Austin real estate market today, the experience can be like deciding to drive for vacation on a holiday weekend.

It’s a great idea until you hit the road and realize how many others share that same thought.

Homeowners think ‘spring and summer are the right time to move and sell their houses.  Due to affordability, current homebuyers think a staycation is in order. This has created quite the inventory traffic jam right now. The good news is that many sellers are ready to get off at the nearest exit, which creates an opportunity to negotiate for those buyers with cabin fever.

Add a swimming pool to the backyard and the story gets more interesting. Continue reading →

In any housing market, homebuyers ultimately determine value. Home prices go up in a strong seller’s market because the demand is high.  In a buyer’s market prices come down when the supply is high and the demand is low. The Austin housing market is very value-driven right now. The exact formula factoring in how price, condition, and location are weighted is up to the buyer in any market. What’s different about now? The other factor you need is motivation and the lack of it presents a unique situation for buyers and sellers. Continue reading →