Throughout the recession, tomes have been written in real estate blogs and conventional media about unrealistic home sellers, yet very little attention has been paid to unrealistic buyers. Let’s be clear here. Nearly every home buyer wants 2 things: (1) to find the most suitable home and (2) buy it at the lowest price possible. Of course, the buyers’ goals are in direct conflict with most sellers who want the most money in the shortest time with the least inconvenience. So goes real estate’s inherent conflict.
Is the Austin Real Estate Market Depressed?
While there will always be unrealistic home sellers who believe their home is worth what they need or some fantasy amount, the recession has seemed to clear away much of the fuzzy thinking in the minds of home owners about just what is realistic. On the other hand, a great many home buyers seem to believe that the Austin real estate market is in a state of desperation and panic which couldn’t be farther from the truth.
All Real Estate is Hyper Local
So much of this kind of thinking can be the result of a poor understanding of what is happening in the Austin real estate market. When I refer to “the Austin real estate market” I am not referring to what you hear on CNN, MSNBC, FOX Business or even your local evening TV news and newspaper. You really need to understand what the market is doing now in the specific area that you are interested in. The so-called “market” is just too broad and diverse to accept generalities. All real estate is local and home values in particular are hyper-local. What’s going on in one neighborhood in Austin may not be the same as what’s going on in other neighborhoods – yes, I said neighborhoods.
Let Us Help You Interpret the Austin Real Estate Market
It’s unreasonable to expect a person who buys a home once every 7-10 years to have a firm grasp on the realities of the local market. Throw in all the jargon and misguided opinion and you have a truly confusing mix. Getting you the data and helping you understand it is my job (and it has been for 35 years). It’s what I do for a living. Helping people determine the nuances of the local Austin real estate market – interpreting market data and trends, identifying resale potential, showing how neighborhoods differ, explaining why commute times vary, pointing out where to find the best shopping, suggesting ways to create value, is what I get paid (by the seller – buyer representation costs the buyer nothing) for.
Educate Yourself About the Market
Now here is where being a “realistic buyer” comes in. It is a waste of your time to try to find homes that simply do not exist or chase houses that you can’t or won’t buy for the price you’re willing to pay. It is relatively straight forward to educate clients with facts about the state of a local Austin market. I have the data – cold hard facts – that clearly demonstrate what is happening in the Austin housing market at any moment. Looking for a big picture view? Check out our Austin Real Estate Price Reports updated monthly.
Austin Can’t Be Compared with Any Other City
Whether you are relocating from ultra-expensive California, depressed Detroit or the bright lights of Las Vegas, comparing Austin to any other area is a waste of time and effort. Let me show you what is happening in Austin and do away with unrealistic expectations.
Looking to Buy a Home in Austin?
If you think now might be the time for you to buy a home in Austin, we can help. We know the market and can help you evaluate great deals and point out overpriced homes in any Austin neighborhood. Check out our Austin Home Buyer Representation Program to learn more about who we are and how we’re different from your average Realtor. Then, call us at (512) 827-8323 or email us at info@AustinRealEstateHomesBlog.com to schedule a no obligation consultation.