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Lake Travis Texas Real Estate Blog

Rebecca Shahan

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Displaying blog entries 101-110 of 131

Top Reasons to Buy in Central Texas Now - #10

by Rebecca Shahan

Appreciation - The Austin area leads the nation in accolades and is one of the most sought after markets in the nation. The Central Texas market shows an overall l.6% increase in 2010 up from 2009 in the median price of homes sold. This is a true testament of the stability of the Texas real estate market in the Central Texas region.

Top Reasons to Buy in Central Texas Now - #9

by Rebecca Shahan

When you own your own home with a payment that you can afford, you gain greater stability in your monthly finances and peace of mind ... especially with the volatility of the value of the dollar, stock market, and all time high gold prices. Owning a home vs a Stock gives you a real asset that you can live in, rent out or sell if you choose. Renters may get short term leasing incentives but have no control over changes in the market that may increase monthly payments.

Top Reasons to Buy in Central Texas Now - #8

by Rebecca Shahan

When you buy a home you will be able to deduct the interest of your mortgage and most of your payments in the early stages that are related to interest! Real estate taxes and in many cases mortgage insurance as also tax deductible.

Top Reasons to Buy in Central Texas Now - #7

by Rebecca Shahan

Build Equity ~ In the process as a buyer, you are building up equity in your home. You own more of your home as you pay off your mortgage. Your mortgage can be considered a "forced savings plan" which pays you back in the long run!

Top Reasons to Buy Now in Central Texas ~ Reason #6

by Rebecca Shahan

Rising Rental Rates ~  Rental occupancy rates made a significant jump in 2013. High rental rate reached approximately $3 per square foot at the start of the 2014 year, a significant increase from the third quarter of 2013, which was just $1.18 per square foot. Rising market value makes buying a better choice today over renting!

Top Reasons to Buy Now in Central Texas ~ Reason #5

by Rebecca Shahan


BUY vs. OWN ~ Real Estate is a local market so there are always exceptions to national averages. News of cities across the U.S. who have had dramatic negative effects from inflated pricing during the market bubble flood the media today with the idea of renting is a better choice than buying. Historically, in Texas, the market value remains relatively stable making it a better choice today for buying rather than renting.

Top Reasons to Buy Now in Central Texas ~ Reason #4

by Rebecca Shahan

Family Wealth  ~ Just like any of the investment buying low and selling high in real estate, investment can provide family wealth. Real estate is selling low compared to where it will be next year making it an opportune time to buy. A recent Federal Reserve study shows a homeowner's net worth is over 30 times greater than that of a renter. The average homeowner has a net worth of $174,500 while the average net worth of a renter is $5,100.

 

 

Top Reasons to Buy NOW in Central Texas - #3

by Rebecca Shahan

Rising Interest Rates - Rates now are still considered to be historically low by comparison. The Mortgage Bankers Association, The National Association of Realtors, Freddie Mac and Fannie Mae predict a 30 year fixed mortgage rate to be 5%, almost 1 point from what they are today.

The Top Reasons to Buy NOW in Central Texas - Reason #2

by Rebecca Shahan

Increase in prices on the Horizon - A healthy Real Estate market creates a seller's market. Prices are projected to appreciate by over 25% from now to 2018 and rates are expected to slowly increase. As 2014 progresses and home values appreciate, it's best for buyers to move now to secure a home that appreciates with the market.

The Top Reasons to Buy NOW in Central Texas - Reason #1

by Rebecca Shahan

Shrinking Selection - A recent distressed economy made for a large inventory and drop in prices in the last few years, however, a rebounding economy coupled with buyer confidence and job growth has made the selective process a bit tougher on the buyer as a result of limited inventory. The best homes in desirable locations sell first. Finding your dream home may become more difficult as inventory decreases. In January 2013 there were 1,974 homes on the market while in January 2014 there wee 2,050 homes on the market.

Displaying blog entries 101-110 of 131