Austin foreclosures can provide a buyer or investor an opportunity to buy real estate at rock bottom prices. But, buying real estate from a bank is a much different process than buying from a traditional seller. The bank has a unique set of rules you must follow. We’ve uncovered many of the banks secret in our Guide to Buying Foreclosures further down the page.
Austin Foreclosures for Sale
Austin Foreclosures Priority Notification
Less than 2% of homes that sell in Austin are foreclosures. And, foreclosures, sold 3 days faster than non-foreclosure sales. Austin foreclosures are perceived as good deals and attract a lot of attention. If you want a chance to purchase a foreclosure in Austin, you’re going to need to know about it when it is first listed for sale. Instead of bookmarking this page and checking back daily, why not sign up for one of our free, priority notification systems? You can sign up by email or in your favorite RSS reader. Instructions are below.
Austin Foreclosures by Email
To sign up for email updates, Click the “Save Search” button at the top left column of the home search tool above. (Shown in the graphic to the right). Our system will walk you through the rest.
Austin Foreclosures in Your RSS Reader
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Only Interested in Austin Foreclosures in Certain Neighborhoods
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Austin Real Time Market Stats
The chart below shows the number of Austin homes for sale, number of foreclosures and pre-foreclosures, average list price, average days on market and average list price per sq ft in Austin. These figures are calculated with active listings on a weekly basis. Texas is a non-disclosure state, so we can’t display sold data. If you sign up for our Austin Sold Data report (below), you’ll get an email with sold market stats. No spam, promise!
Austin Sold Data – What Austin Homes Actually Sold For
What sold recently in Austin and for how much? Where can I find pictures of homes that actually sold? How many days does it take to sell a home in Austin? How many homes are currently for sale in Austin? What’s the median sold price in Austin? What does the 90 day historic market trend look like in Austin? How’s the Austin market trending? All of these questions (and more!) can be answered on our Austin Sold Data Report.
Austin Foreclosures Perfect Opportunity for Someone Handy
Austin foreclosures can provide a buyer an opportunity to buy Austin real estate at some very affordable prices. Sometimes, it may allow you to buy in a neighborhood you wouldn’t otherwise afford, especially if you are handy. Many foreclosures need some work and if you can make repairs, you’ll be one step ahead of a lot of your competition who may be looking for a move-in ready home. And, you’ll be saving a ton of money not having to hire a contractor.
Austin foreclosures, sometimes called bank owned homes or REOs, are popping up in many neighborhoods. If you’re in the market to buy a home, whether it be to live in or to rent out, foreclosures may present an opportunity to buy at some of the lowest prices we’ve seen in years. But, don’t keep a closed mind to the rest of the market. When making a decision to buy a home, explore the entire market in your desired location. Then, choose the best property that makes sense both financially while considering livability.
Steps to Buying Austin Foreclosures
When buying a foreclosure from the bank it is important to remember the bank operates under their own rules. When they take offers, how they want the offers to be presented and what type of pre-approval letter the buyer must have changes from bank to bank. Its important to hire a buyer’s agent who is familiar with the bank’s rules and can help you navigate this process. And, best of all, being represented by a buyer’s agent is free to the buyer, so you have nothing to lose.
How to Buy Austin Foreclosures
For a detailed article about buying bank owned homes, check out our How to Buy Austin Foreclosures guide.
Contact an Austin Foreclosures Specialist
We have a combined 55+ years of experience dealing with banks and helping buyers with foreclosures. We know the process and know how to negotiate great deals for buyers. Fill out our Buyer Survey, call us at (512) 827-8323 or email us at info@11OaksRealty.com to schedule a no obligation consultation. And remember, buyer representation is paid by the listing company so to the buyer, its free!
For more about our program, check out our Austin Home Buyer Representation Program.