austin-neighborhood-outlook

The real estate market in many parts of the country is getting hot. With limited inventory, many places are seeing record increases in prices. Over time, this is one of the best indicators of the strength of a real estate market. The biggest price increase is coming from places like Austin, TX. There are a lot of great qualities about living in this area. Not only does it have low taxes, but it also has a lot of amenities for people who are residing in the city. Low tax rates and cost of living are a great way for people to live in an area that meets their needs. The key for real estate buyers and investors is to understand where the future of the market is going.

Limited Inventory

The key story in the Austin housing market is the limited inventory that is available. A lot of people struggle to find a home that is within their budget. Not only that, but many homes are selling within a couple of days of hitting the market. Fast sales are a major issue for buyers who are trying to purchase a home the right way. Instead of going out and paying too much for a home, many people are seeking to get a deal. However, this is difficult in a real estate market like Austin. Now, more than ever, it’s important to hire a real estate agent.

The Austin market has a shortage of real estate as the demand for homes outpaces the supply.
The Austin market has a shortage of real estate as the demand for homes outpaces the supply.

Increasing Prices

With the limited inventory that is available, demand is higher than ever before. Prices are going up rapidly each year, especially on starter homes. The starter homes are becoming unaffordable for a lot of people who are just starting out in life. Therefore, many people in that age group are deciding to just rent instead of buying a home. Although it seems crazy, in a hot real estate market like Austin, this is probably the best financial decision for right now.

Low Taxes Driving Growth

The entire state of Texas has dealt with an influx of people over the past few years. With some of the lowest taxes and home prices in the country, many people are moving to the area to build a life for themselves and their family. This population increase is causing a further increase in demand for homes in the area. There are a lot of people who think that this trend is only going to continue in the coming years. With many states around the country increasing taxes, Texas is going to continue to look like a positive financial move for many people.

Homes within a reasonable price range seem to disappear off the market as soon as they are listed.
Homes within a reasonable price range seem to disappear off the market as soon as they are listed.

Future Trends

The future trends in the Austin real estate market look like prices are going to continue to increase. This increase should not be a surprise to anyone who follows the housing market. With all the demand from home buyers who cannot find the right home, inventory is going to remain lean on the market for some time. Not only that, but many people need to find a way to increase their income to be able to afford starter homes.


reasons-to-hire-real-estate-agent

You may wonder why hiring a real estate agent is a necessity when there is a lot of information online regarding buying and selling of property. However, several reasons exist why hiring a realtor is worthwhile. To begin with, real estate agents are professionals who follow the strict rules and ethics of the National Association of Realtors. This is a huge benefit to you as a client. Below are more reasons why you should hire a real estate agent.

1. Realtors Have Current Experience

While most people sell houses every few years, real estate agents handle several transactions in a month. You may have sold a house before, however, the rules and regulations surrounding the property business change by the minute. The only way to stay updated on these trends is by hiring a professional realtor.

2. Agents Provide Expert Guidance

The process of selling or buying a house involves multiple forms, reports, and disclosures among other technical documents. This amount of paperwork is not only confusing but also painstaking to work your way through. Therefore, hiring a realtor will provide you with the peace of mind you need to carry on with other duties as the sale of your property is underway. They also understand the different state regulations that could hinder or enhance a successful sale.

A realtor can help you navigate the piles of paperwork that come along with buying a house.
A realtor can help you navigate the piles of paperwork that come along with buying a house.

3. Real Agents Act as Buffers

If you are seeking to buy a new home, you will at some point meet with the representatives of the prospective home. They may want to profit from your ignorance if you lack a knowledgeable representative. A professional realtor will protect you during such situations. Consequently, if you are after selling your property, a real estate agent will help you filter less serious buyers from the real ones.

4. Knowledge of the Industry

Real estate agents have an intimate awareness of the industry. Therefore, they can help you identify comparable sales as well as data on schools, crime, and the demographics. When you do such survey on your own, chances are you will spend a lot of invaluable time and resources which will eventually chip off a large chunk from your budget.

5. Guidance on Price

Do you know how to set the price of your property? Contrary to the belief of most people that realtors price the house for you, they advise you on the best pricing policies. To do this, they will offer you a lot of data and aspects of the property to consider before quoting a price. They will also devise a robust negotiation strategy on your behalf if you are buying.

Real estate agents can give you guidance on pricing your home to sell quickly for top dollar.
Real estate agents can give you guidance on pricing your home to sell quickly for top dollar.

6. Realtors Deliver Strong Marketing Power

Advertising alone is not enough to sell your home quickly and efficiently. A significant part of the sales in real estate is contributed by the contacts shared by a realtor. These agents have a list of former clients, friends, and families who can be your potential customers. Therefore, you need a Realtor to market your property to a wider audience.

7. They Have an Insight in the Market Projection

Whether you want to sell/buy a house, a realtor will provide you with disclosure on the market projection. They will guide you on whether to carry on with the sale depending on the market at any particular time.

By picking a reliable and expert realtor, you can reap all these benefits at once. Therefore, find a good realtor to help you with the paperwork, marketing, and negotiations among other benefits.