Austin Absolute Realty

Jan. 14, 2021

My bold real estate market predictions for 2021

 

We’re off to a great start this year! 2021 is upon us now and in full swing! Have you thought about what’s in store for us this year?

Here are my bold real estate market predictions for this year:

 

  • Home prices will continue to rise in central Texas and across the nation.
  • The low inventory challenge will continue this year.
  • Technology will be a bigger factor in the real estate business from the way we communicate, to the way we showcase properties.
  • A main reason housing inventory is low is because sellers can’t afford to move up. Home prices have gone up, but salaries have not kept up.
  • Buyers are moving away from Metro areas and looking for more space with bigger lots and more square footage.
  • Every house listed will sell in 2021! Unless it is overpriced. On average, there are about 2,300 houses available in Austin for sale. Currently 60% of them have been on the market 30+ days. Shows that even in a sellers’ market overpriced house will not sell! It’s better to list right and have multiple buyers bring up the price rather than price high and hope you find one buyer willing to pay that.
  • Interest rates will continue to stay low.
  • There will be more non-producing realtors exiting the real estate business. The real estate business is hard for the unskilled agent and the producing agents vs non-producing agents gap will widen even more.   

 

Even with these predictions, I greatly appreciate and thrive on referrals! If you have any questions regarding the market predictions, please call or email me anytime.

Posted in Market Updates
Jan. 4, 2021

Protecting your Home Gadgets from Hacking

 
 
 
 
Imagine your coffee maker switching on by itself, staying on for hours, overheating and becoming a fire hazard. That’s not science fiction. As more and more appliances incorporate WIFI, the opportunities for hackers to play havoc with them increase.

How do you prevent that from happening? Here are some safety tips:

  • If your gadget uses a password to access the settings, change that password frequently. Ideally, change it once every 3 months.
  • Some gadgets, such as alarm systems, come with their own connection to the internet. Learn how to turn that connection off if it becomes necessary to do so.
  • Don’t leave an internet-connected appliance or other gadget on constantly unless it’s necessary. For example, you don’t need your home speaker system connected to your digital music providers all the time.
  • Baby monitors with video are a common target for hackers. Use a password unique to that device and change it often. Never leave the monitor on when not in use.
  • Never share passwords with anyone unless it is absolutely necessary. Most home WIFI systems have a “guest” feature with a separate password and limited access. Use it.

In this age of internet connectivity — from coffee makers to stereos and even washing machines — it’s smart to play it safe. Know what’s connected and protect yourself.

 

Posted in Home Improvement
Dec. 29, 2020

Questions to Ask When Buying a Fixer-Upper

 
 
 
 
If you’re thinking of selling your home and buying a new property, you might come across an opportunity to purchase a “fixer upper”. In fact, the home might be priced based on its need for work.

Should you buy that “fixer upper”? That can be a tough decision. Here are some questions you should consider:

  • What repairs need to be done?
  • Are there any major items that will need to be replaced soon, such as the furnace?
  • What renovations are needed? How much, realistically, are those going to cost?
  • How much of the work can you do yourself?
  • How long will it take for the improvements to get done? (How long will you need to live with drywall dust?)
  • How does the price of a comparable “move in ready” property compare to this one?

Of course, before considering purchasing any property – especially one that needs work – you should get a professional home inspection. It will uncover any issues you can’t catch during a viewing. Ultimately, you’ll have to weigh the pros and cons before buying a fixer upper. 

Posted in Buying
Dec. 25, 2020

Beware of “The Dip” When Setting Goal

 
 
 
 
If you’ve ever run a marathon, or watched one, you’ve probably noticed that no one quits at the beginning. They don’t quit near the end either. If anything, they run faster! So, at what point are people most likely to drop out?
The middle.

The middle is the toughest part of any marathon or, indeed, anything major you want to accomplish. In his book, The Dip, author Seth Godin states that the middle is the point in any project or goal where failure is most likely.

Have you set a new year’s goal? If so, beware of the dip! 

How do you do that? Prepare for it.

If you want to lose weight, for example, you’ll be most enthusiastic, and get the most encouragement from friends and family in January. But, what happens in March? At that point, the initial burst of motivation and support will have likely waned. That’s when it becomes tough to keep going.

There are several things you can do to get through the dip. One is to celebrate milestones. When you’re halfway to your goal, tell your friends and family. Get some high fives! You can also remind yourself that your goal is important to you and renew your determination to achieve it.

So don’t give up in the middle. Keep pushing through. After all, when the end is in sight, it will be a wonderful sight to behold.
 
Posted in Selling
Dec. 21, 2020

Window Treatment Ideas that Help Sell Your Home

 
 
 
 
If you’re selling your home, your window treatments – curtains, blinds, etc. – will often be included with the property. They are an important selling feature. So, when a prospective buyer views your home, looks at the front window with its gorgeous draperies, and says, “Wow!”, that’s a good thing.

If you’re thinking of upgrading your window treatments in preparation for selling, here are a few ideas:

  • Buyers love to see vertical blinds on sliding patio doors. Installing these is a DIY-friendly project.
  • You may have a window that, for whatever reason, doesn’t need a curtain or blind. That’s fine. But, if you want to dress it up, consider a nice-looking valance.
  • If you have a window that looks dark, heavy or otherwise “over curtained”, strip it down.
  • Removing an inner curtain, for example, can dramatically lighten up the window as well as the entire room.
  • Replace any worn or stained curtains. There are many affordable, mid-quality curtains available that look terrific. Alternatively try sending stained curtains to the cleaners.

Window coverings may seem minor when preparing your home for sale, but they make a difference in how your home looks overall.

 
Posted in Selling
Dec. 17, 2020

Avoiding the #1 Cause of Seller Stress

Do you know what causes the most common source of stress when selling your home? Is it scheduling buyer viewings? Is it the length of time it takes for your property to sell? Is it an offer that falls through?

Those things can, indeed, cause some worry! But, the number one source of stress is actually simple to avoid. It’s not understanding the process. 

Even if you’re no stranger to moving, you should review the process involved in selling your current home before you list it. If you don’t, you might end up exposing yourself to anxiety that could have been easily avoided.

Say, for example, you’re concerned that your home has been listed for too long. It’s been a week and no good offers have come in. Well, if you knew, in advance, how long a home like yours typically takes to sell, then you probably would know not to worry.

It’s important that you start the process by understanding what to expect. What happens when your home is first listed? How are buyers scheduled to see your property? What happens when an offer comes in?

That’s why we will always review the selling process before you list and make sure all your questions are answered.
 
Posted in Selling
July 31, 2017

Curious About Local Real Estate?

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

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Posted in Market Updates