Today’s real estate market is one of the fastest-moving in recent memory. With record-low inventory in many market segments, we’re seeing multiple offers—and sometimes even bidding wars—for
Inventory Between 200K And 350K Remains Anemic And Nonexistent Under 200K
Dated: April 11 2018
Here in Austin the inventory might be even more compromised. If you are currently looking for a property to call home you know the struggle of being faced with with a low inventory, multiple-offer-scenarios and so many cash buyers; especially if your purchase if being financed. These are stressful times for buyers.
You've been hearing over and over of the importance of being pre-qualified. In a multiple-offer-situation, you will want to stand out by having been pre-approved instead knowing that your offer will be more appealing to a seller than an offer from a pre-qualified buyer. My recommendation is to go with a local mortgage broker instead of a large bank. Listing agents take into account who is financing the purchase and make recommendations to the sellers based on factors such as price, earnest money amount, option money amount and days, and lender.
Dear buyer, stay positive, stay focused, keep looking and with the help and expertise of a buyer's agent keep submitting offers until you achieve your goal. I promise that is you stay on it you will be at the closing table soon.
As we wait for Austin Board of Realtors to release March 2018's statistics, let's take a look at January and February. Home values continue to go up at a steady pace with the median price going up 4% in a month in the Austin area.
March 2018 Statistics are around the corner. Stay tuned!
Marcela Alfonsin, Realtor since 2008
Born and raised in Argentina, Marcela is calling Austin "home" since 2004. She is versatile and multifaceted - being fully bilingual (English-Spanish) and possessing extensive experience with national....