Most of us understand by now how mortgage rates are influenced by the Federal Reserve’s Discount Rate. The Discount Rate being at 0.00% for most of our economic recovery has been responsible for the record low interest rates we’ve been experiencing – and enjoying – for years. However, we should Read more…
As a home seller, there’s nothing more frustrating than having your home under contract and making plans to move only to have the contract fall apart at the last moment. Here are the top three causes and how you and your agent can avoid them. There are a few standard Read more…
I was chatting to an agent a few days back who was convinced that the extreme sellers’ market in Austin was coming to an end. Is it true? Do we have inventory piling up? Her claim was that we were seeing price reductions throughout the central part of the city Read more…
Everyone keeps talking about the T-47 when I sell my house. This is why: What is a T-47? The T-47 is a Residential Real Property Affidavit. It’s a notarized document that tells the buyer of your home what you know about the home’s boundaries. Who needs the T-47? The buyer Read more…
If you’re in two minds whether to buy a single or multiple story home here in Austin, you might want to consider some interesting statistics that I unearthed while I was researching home sales in the Multiple Listing System (MLS) for a client yesterday. They had asked – what sells Read more…
There are only 2.8 months of housing inventory reported in the Austin Multiple Listing System by the Austin Board of Realtors a week ago. There are stories of stampeding buyers trampling agents at open houses. Are buyers in danger of overpaying for homes in an Austin Housing Bubble? OK, so Read more…