I hope you all had a wonderful and relaxing holiday season. Usually, this time of the year the market slows as sellers don’t want to put their home on the market due to the hassle of showings around Christmas and the stress that may accompany a showing. I have noticed that this year Austin isn’t following our normal trend. I had an experience where my buyer’s wanted a house that apparently others did too. This is not rare for Austin but this home was a complete remodel and many heritage trees that would prevent most buyer’s from being able to build the home they wanted to on that type of lot. There were 5 offers on this property, in December, and right around the time I heard on the CBS morning show that Texas home prices would decline by 12% this year (my professional opinion of this statement is for another post). I prayed the out of state buyer would decide to terminate due to the Austin’s McMansion and tree ordinances we have but that contract did go hard and heads to close this week. In the same week another buyer of mine was the winning offer on a home that has been on the market longer than 60 days. Real estate talk is that there were 4 offers on this home, in December, as well. Isn’t this the slow time of the year? If December is any indication of 2015 then Austin will continue to fare well. To those reports of 12% down and Austin is overvalued http://www.kvue.com/story/news/local/2014/12/22/report-states-austin-homes-are-overvalued-by-20-percent/20791629/ it will be interesting to see what lays ahead. I will keep you up to date on what I am seeing with seller’s and buyer’s in Austin as the year begins.
SELLING YOUR HOME IN THE WINTER MONTHS?
Winter months typically bring a lull in real estate sales, but this can be an ideal time for homebuyers. In fact, there are several benefits to being an off-season homebuyer.
Less competition. Even hot markets see a decline in buyers during the winter. This can mean fewer multiple-offer situations and more time to present your strongest offer.
Motivated sellers. Sellers who list during winter months are often highly driven to sell. And fewer buyers means fewer offers, so sellers may be willing to make extra concessions to close the deal.
Potentially faster closings. Mortgage brokers, inspectors, and other professionals involved in the deal may help you get to the closing table sooner since they’ll be dealing with fewer transactions this time of year.
A chance to see how the home performs. Systems such as the heater, insulation, and plumbing are put to the test when the temperature drops, and you’ll be able to witness how they handle winter stress.
Here is a sampling of 5 different apps for goal tracking, task management, cultivating new habits and more!
- Nozbe (nozbe.com) Task management app inspired by the Get Things Done method
- Rescue Time (rescuetime.com) Understand your daily habits and focus on becoming more productive
- Irunurun (irunurun.com) Performance app and acountability app that focuses on recurring behavior
- GoalsOnTrack (goalsontrack.com) Tools for goal achievement and personal development
- DropTask (droptask.com) A visually engaging task managment system
Austin Then and Now from An Austinite
Having been born somehwere around 1967 at the original Seton Hospital to parents who dated and met at Austin High (once located where Austin Community College is now) I am asked by many clients and friends what I think of the new Austin. The first thing that comes to mind is MoPac and traffic. Yes, people complan about it, as they should, but what is amazing to me is how in the early 1980’s you could maybe find 10 other cars traveling on MoPac at 10:00pm and now as you cross the 35th Street bridge at 3:30pm all I see, both North and South, are the red tailights of cars that seem not to br moving. The other thought is the amount of exercisers on the Ann and Roy Butler Trail or the Hike and Bike Trail or what was once simply known as “the trail” or “the loop.” When I ran track for Austin High we ran the “loop” many times throughout the week. Rarely would you see anyone else on the trail besides your fellow Austin High runners and today you sometimes can barely run the trail without getting runover by a fast moving bike rider or manuvering around 3-4 people who decided to stop and say hello in the middle of the trail. However, what these people have brought with them is a whole set of new experiences and great conversations, I say welcome to Austin and please wave when someone let’s you in on MoPac and to not get injured you might want to move to the left or the right on the trail instread of standing in the middle.