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Tuesday, November 2, 2021   /   by Troy Schlicker

New Construction or an Existing Home: What's Right For You?

Today's homebuyers are in a difficult situation. Simply put, there are not enough houses available.
In September, Austin had 3723 active listings, which equates to only 1.1 months of home inventory. This is significantly less than the six months typically required to achieve a sustainable supply-demand balance that is considered a healthy market.
Given the limited quantity of available properties, you may need to broaden your search to include both new construction and resale homes if you're a buyer in today's market. However, comparing these two options might be difficult.
Let's take a closer look at some of the aspects to consider when deciding whether to build a new home or purchase an existing one.
How quickly do you need, or want, to move into your next home? When deciding between a new build and a resale, your timeframe can be a deciding factor.
New Construction
If you choose new construction, you might be shocked at how long it takes to obtain the keys to your n! ...

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Monday, October 4, 2021   /   by Troy Schlicker

Shut Down Home Intruders With These 7 Safety Strategies

According to the FBI, more than one million burglaries are committed in the United States each year, with victims suffering an estimated $3 billion in combined property losses.1 Fortunately, there are some proven tactics you can use to decrease your likelihood of a home invasion.
Most burglars won’t go to extreme lengths to enter a residence. They are looking for easy access with minimal risk. A monitored security system can be an effective deterrent—homes without one are 300% more likely to be burglarized—but it isn’t the only way to protect your property.2 The strategies below can help to maximize your home’s security and minimize your chances of being targeted by intruders.
Thinking about listing your home? We have some additional recommendations for you. Contact us to find out the procedures we use to keep our clients and their property safe and secure during the buying and selling process.
1. Check Your Doors and Windows
According to home security ...

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Wednesday, September 1, 2021   /   by Troy Schlicker

9 Tips for Buying and Selling Your Home at the Same Time

Selling your home when you still need to shop for a new one can feel daunting to even the most seasoned homeowner––especially when the demand for new homes keeps rising, but the supply feels like it's dwindling.¹ You're not alone either if you're already feeling drained by the complex logistics of trying to sell and buy a new home all at once.
Searching for a new home can be exciting, but many homebuyers admit that it can also be stressful, especially if you live in an unpredictable market with plenty of competitors. Unfortunately, waiting out a competitive housing market isn’t always the best idea either since listings are expected to remain limited in the most coveted neighborhoods for some time.²
That doesn't mean, though, that you should just throw up your hands and give up on moving altogether. In fact, as a current homeowner, you could be in a better position than most to capitalize on a seller’s market and make a smooth transition from your ol ...

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Sunday, August 1, 2021   /   by Troy Schlicker

5 Factors That Reveal Where The Austin Real Estate Market Is Headed

It’s the old supply-and-demand predicament: Home sales in the U.S. continue at a torrid pace, but the availability of listings remains limited. Buoyed by historically low mortgage rates, buyers keep shopping for homes, reducing the available inventory and sparking a rise in home prices across the country.
News website The Atlantic summarized the sizzling home market this way:
“Pick a housing statistic at random, and it’s probably setting an all-time record. Home prices: record high. Inventory: record low. Percentage of homes selling above asking price: record high. Average time on market: record low.”¹
Meanwhile, homebuilders are contending with an increase in material costs and a shortage of labor. These issues come amid an ongoing shortage of housing. A study commissioned by the National Association of Realtors found the U.S. is coping with a deficit of about 2 million single-family homes and about 3.5 million other housing units.²
So what can ...

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Sunday, July 4, 2021   /   by Troy Schlicker

How to Bridge the Appraisal Gap in Today’s Real Estate Market

If you’re searching for drama, don’t limit yourself to Netflix. Instead, tune in to the real estate market, where the competition among buyers has never been fiercer. And with homes selling for record highs,1 the appraisal process—historically a standard part of a home purchase—is receiving more attention than ever.
That’s because some sellers are finding out the hard way that a strong offer can fizzle quickly when an appraisal comes in below the contract price. Traditionally, the sale of a home is contingent on a satisfactory valuation. But in a rapidly appreciating market, it can be difficult for appraisals to keep pace with rising prices.
Thus, many sellers in today’s market favor buyers who are willing to guarantee their full offer price—even if the property appraises for less. For the buyer, that could require a financial leap of faith that the home is a solid investment. It also means they may need to come up with additional cash at c ...

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