Real Estate News for November 2019

Before we get into the news, I wanted to take a moment to say I’m thankful for you! Support Local Austin will be hitting 14 years soon, and that would not have happened without your loyalty. I am thankful for your business, friendship, referrals and support over the years. I have helped some families through 3 generations which is an amazing blessing and connection to have.

I wish all of you a very Happy Thanksgiving!

Now onto the news….. Continue reading

May the Chi be with You

Take a look at the dining room table you never use, the toys on the floor or maybe the pile of dishes in the sink. Clutter, for many people, can induce stress and is often the source when you can’t quite put a finger on what is bothering you. Understanding some basic principles of Feng Shui can help bring you and your home back into balance. A stress free home is not only important for every homeowner, but it is important to a potential buyer as well. A happy home is easier to sell.

Feng Shui Principles when Selling a Home

Chi is energy. Star Wars fans may identify more with the idea of The Force. The energy that binds the galaxy together is the chi that flows through us and our homes. When our chi is blocked, energy is zapped and we feel sad. Houses are no different than living beings when it comes to chi. When chi is constantly flowing through our homes – we feel good. That is why we often feel better after cleaning them. Clutter blocks chi, which is why we feel suffocated when it starts to build up. Continue reading

The Difference Between a House and a Home

The difference between a house and a home is you.  The memories, the pictures, the furniture, even the paint color combine to create a unique blend that reflects your own personality and style.  Improvements and accessories personalize, improve and/or allow for added functionality that a house may not have had before.  Consider them enhancements when it is time to sell an Austin home because they add appeal whether monetary or simply enhance the functionality of a room. Continue reading

The Best Time to Sell a House

I often get asked when it is the best time to sell a house. More often than not, the answer is when the seller is ready. It’s not about a season anymore. Every season is strong in Austin. About 60 people are still moving to Travis County every day and the numbers are even higher in Williamson and Hays Counties. Yes, there are more homes on the market in Austin, in the spring, but as a seller – that also means more competition. Inventory is very low in Austin. There is a housing shortage which has existed for years.

There is no bad time to sell in Austin. Sellers are always excited by the for-sale sign being placed in the yard. It is milestone for sure, but in order to reach that point – you need to be ready. When this list is complete – it’s time to sell: Continue reading

Austin Real Estate Market Winter Homes for Sale

Zilker Park  Christmas Tree

‘Tis the season for shopping, baking, cleaning and sitting in Austin traffic. With all of the things to find time for during the holidays, selling or buying a home in Austin, or anywhere, is often taken off the to-do list. There are benefits to selling and buying during the holiday season which can make the prospect of doing so a little merrier.

Austin Winter Real Estate Market

The holiday season is also the start of colder weather. In other parts of the country snow can really impact winter home sales. Fortunately, for the Austin real estate market, snow days are few and far between. Home buyers in Austin can generally shop year round though it may be hard to find the time during the holidays.

Buying a Home, Selling a Home and Creating a Win-Win

The holiday season holds benefits for home buyers. Less buyers mean less competition. There are typically less multiple offers this time of year which can drive up prices along with stress levels. There is often more flexibility with a standard 30-day closing turnaround this time of year as well. Both buyers and sellers have a lot going on besides the thought of moving. In addition, banks and title companies are closed for the holidays which decreases the amount of business days. For some, a shorter closing timeline may be appealing and for others adding 10 days to the timeline to get past the holidays or doing a lease back so nobody has to move right away works nicely. The goal this time of year is to make it work and it usually can.

‘Tis the Season for Serious Buyers

Only the must-see homes on the hot list make the cut this time of year. There are fewer buyers this time of year and with little time, those coming out to see a house are serious shoppers. Sellers will get less traffic but those that come out want or need to buy — now.

Home Staging Made Simple

Decorations set the stage by making a house feel like a home. A seller’s biggest challenge, in any given month, is keeping the home constantly clean. We tend to clean more this time of year anyway for visiting friends and family, so why not take advantage of the opportunity to show it.

There are many sellers that will take their house off the market between Thanksgiving and Christmas. I always encourage my sellers to keep their houses on the market. Serious buyers will miss a home if it is not for actively for sale, which is exactly the type of buyer they want.

Back to School Starts Austin Real Estate Fall Season

PoolMother Nature offers two options in Central Texas – either extreme heat or extreme rain. Heat indexes got as high as 108 degrees in Austin before breaking a record for rain totals in August. Working with extreme weather can be a daunting task for a home buyer. Only those with an immediate need or searching for a lakefront property were stepping out to buy a home in Austin.

Lakefront Properties in Austin

There is always a consistent desire to live close to Lake Austin and Lady Bird Lake, but sales dropped along Lake Travis during the drought. Many homes that were once lakefront, were no longer as desirable without water present. Things have changed quite a bit. In fact, Lake Travis has reached full status for the second time this year.

Austin Lake Homes for Sale

The consistent water levels turned the lakefront property market around quite a bit this summer. Austin lake view homes for sale and lakefront properties in Austin, West Lake Hills and Lake Travis certainly saw saw an increase in sales activity.

Austin Goes Back to School

With summer vacations winding down and everyone back into school – commuting times need some adjustment. The market may soften just a bit more as everyone takes a bit of a breather as we settle into our fall schedules.

Central Texas Real Estate Market Statistics

Central Texas experienced a bit of a decline in July compared to July 2015. According to the July 2016 Central Texas Housing Report released by the Austin Board of REALTORS(R), 4,230 single-family homes were sold which was a 3.1% decline in July compared to July 2015.