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More Reasons Why This Spring Is the Best Time to Sell Your Home

by Rebecca Shahan

Do you plan to sell your home this Spring in Austin or Lake Travis?  Typically, Spring is the best  time of year to sell a home. But this year it’s promising to be an even better time to sell.  There are factors happening in the Austin real estate scene that make this the case.  Here are the top 4 reasons why selling your home this Spring is such a great idea.

  1. Strong Demand

The National Association of Realtors Buyer Traffic Report indicates that buyer traffic is strong in Texas. Home buyers are ready to go and are buying homes right now.This means more competition to buy your home and possible more money in your pocket.

  1. Less Competition

Home inventory has been dropping for around the past 32 months. This is a good thing if you’ve been building equity in your home. But don’t count on this being the case for long. The average number of years that homeowners stayed in their homes has been around 9-10 years since 2011.This was due to the previous negative equity that kept many homeowners from selling.As values rise, more people will sell.So don’t wait too long or you could end up getting less for your home.

  1. The Process Will Be Quicker

The competition for buyers is real, and that means more buyers will be ready in advance to buy your home, including being pre-approved.Buyers are more likely to know what they want and how much they can spend, which really speeds up the process for everyone.

  1. Time to Move Up

Are you planning on moving into a better home?The good news is that higher priced homes are actually selling for less due to a higher inventory in the higher price ranges. So if you’re selling a starter home, your home will sell more quickly and you’ll be more likely to find a premium home.

The best time to sell your home in Austin and Lake Travis is now.  Rebecca Shahan has been helping people buy their homes in Lake Travis and Austin for years. She can help you make the right choice in a home if you do decide it's time to move. Call today at 512-657-4467. Or search for a home online with our convenient home search tool.

Spring is a Great Time to Buy a Home in Lake Travis

by Rebecca Shahan

Reasons to buy a homenow in Austin and Lake travisAre you thinking about whether Spring is the right time to buy a new home in Lake Travis, Austin, or the surrounding areas? If so, here's some great reasons why now is a good time to buy a home instead of waiting.

Prices Will Continue to Rise

According to CoreLogic’s latest Home Price Index reports, home prices have continued to increase by 6.6% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.3% over the next year.

The bottom in home prices in Austin has come to pass. Home values will continue to appreciate for years. Waiting to buy a home in Texas just doesn't make sense.

Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage hovered close to 4.0% in 2017. And according to experts, that rate will continue to rise. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors all agree that rates will increase by nearly a full percentage point by this time next year.

Higher mortgage rates means higher mortgage payments. You likely want to avoid that from happening.

Either Way, You Are Paying a Mortgage

Many renters are afraid to take on a mortgage. The thing to remember is that you are paying a mortgage when you rent, it's just someone else's.  

Having a mortgage payment is a form of ‘forced savings’ that allows you to have equity in your home that you can tap into later in life. when you rent, it's your landlord is the person with that equity.

It’s Time to Move on with Your Life

There are two things that determine the cost of a home: the price of the home and the current mortgage rate. Both of those factors are rising. Would you still wait if they weren't?

Examine the real reasons you want to wait. Are you doing fine where you are living now?  Or do you need to have a better place for your children? Maybe safety is a concern.  Maybe now is the right time to buy.

Rebecca Shahan has been helping people buy their homes in Lake Travis and Austin for years. She can help you make the right choice in a home if you do decide it's time to move. Call today at 512-657-4467. Or search for a home online with our convenient home search tool.

5 Reasons to Work WIth an Experienced Agent

by Rebecca Shahan

Real Estate Agent​Are you planning on buying or selling a home in the Austin or Lake Travis Texas area? If so, get ready for an adventure. And as with any great adventure, you need someone to guide you on the journey. Buying or selling a home can be fraught with pitfalls. But some home buyers and sellers are tempted by instant gratification, so they may try to go it on their own.  This is called FSBO, or "for sale by owner." And some do have success, but not usually as much as they would if they used an agent. 

The reasons you should hire a real estate professional in Austin has not really changed, despite great changes in the industry. With the advent of internet marketing and home searches, many may feel more empowered to find a home on their own or sell one. But the fact is that projections of higher mortgage interest rates and home prices has made it even more crucial to have help when buying or selling a home. Here are 5 of the top reasons you need help when buying or selling a home in Austin and Lake Travis.

1. Do you want to deal with all the paperwork?

Texas has regulations regarding the contracts you need to buy or sell a home in Austin, and these regulations are constantly changing. A professional real estate agent is an expert in the Austin and Texas markets.  They know about all the paperwork that needs to be completed. Save yourself that headache and let a pro take care of it.

2. What do you do when you find your dream home?

Did you know that there are over 180 possible steps that need to take place during a successful real estate transaction. Do you know what they are? A real estate professional know all of these steps. Let them take care of the process.

3. Are you a good negotiator?

Many people don't know that it's necessary to negotiate with a number of people during the process of buying or selling a home in Austin. Are you familiar with this process or practiced in negotiation tactics? You need to negotiate with buyers, home inspection companies, all the way to the appraisers.  There are at least 11 different people who you will need to work with during the process. Again, this can be overwhelming if you're not familiar with the process.

4. What is the home you’re buying/selling really worth?

Do you know what your home that you're buying or selling in Austin is really worth? Pricing a home or determining it's value is important to attract the right buyers and shorten the amount of time that it’s on the market. You may be emotionally connected to your home more than you realize. An agent is not. They can give you the truth as to your home’s value. According to a study by Collateral Analytics, FSBOs achieve prices significantly lower than those from similar properties sold by real estate agents:

“FSBOs tend to sell for lower prices than comparable home sales, and in many cases below the average differential represented by the prevailing commission rate.”

To get the most from your transaction, you need someone who's familiar with the Austin market and can set the best price.  And if you're buying, you need someone who can tell if a home is set at the right price and can negotiate the best price.

5. Do you know what’s really going on in the Austin, Texas market?

With all the information on the news and internet about home sales, prices, and mortgage rates, can you sort out what’s going on in the Austin area? An agent can competitively and correctly price your home at the beginning of the selling process. How do you know what to offer on your dream home without paying too much, or offending the seller with a lowball offer?

Dave Ramsey, the financial guru, advises:

“When getting help with money, whether it’s insurance, real estate or investments, you should always look for someone with the heart of a teacher, not the heart of a salesman.”

Hiring a local agent in Austin who knows the market will make your buying or selling experience a successful journey. 

If you're buying or selling a home in Austin, Lake Travis, Lakeway, Beecave or the surrounding areas, you can count on Rebecca Shahan to guide you. You can search for the perfect home on our website using our powerful home search tools. You can also get free listing alerts of homes as they hit the market at WelcomeToLakeTravis.com. And you can always feel free to call us at 512-657-4467​ to talk to an experienced agent today.

Top Restaurants in the Austin Area

by Rebecca Shahan

There are many great reasons to buy a home in Austin Texas and the surrounding communities, such as Lakeway, Costa Bella, Flint Rock, Spanish Oaks, Lake Pointe, Falconhead, The Hills, Arbolago, and Vineyard Bay.  Austin is one of the best cities in America to live.  And one of those reasons is the amazing food!  Every year, TripAdvisor.com comes out with their list of top restaurants in Austin.  Out of over 3000 places to eat in Austin, here are the top 3.

#1. Truluck's Seafood - Austin Downtown

Truluck’s is certainly a fine dining experience, featuring fresh seafood and prime steak, along with wine by the bottle or glass. The prices may be higher than average, but so is the food, service, and atmosphere. The full service bar is noted for its happy hour and piano bar.

#2. Eddie V's Prime Seafood

According to Eddie, “Man cannot live by music, wine, and fine dining alone. But it’s worth exploring.”  And you’ll certainly explore some of the best food and drink in Austin at Eddies. Reviewers comment on the comfortable elegance and the amazing service, not to mention the delicious food and drinks, and of course happy hour.

#3. Uchi

Hands down the best Japanese cuisine in Austin.  Featuring a daily menu, Uchi serves up Japanese dishes such as kinkan kanpachi (amberjack, kumquat, negi), and wagyu no daikon (ribeye, daikon, curry). All of this comes complete with valet parking and a knowledgeable and attentive wait staff.

Want more great reasons to buy a home in the Austin area?  Check back on our blog every week for more great places to eat and things to do here!

Displaying blog entries 1-4 of 4