For Austin luxury homebuyers, navigating property taxes can feel overwhelming, but understanding the basics can make a significant difference in managing costs and planning effectively. Property taxes in Texas are a crucial aspect of homeownership, especially as tax assessments and bills continue to rise annually, posing a financial challenge for many. This post aims to […]
Who Pays the Buyer’s Agent’s Commission in Austin?
With the recent changes to commission structures that were rolled out in 2024, we wanted to try to clear up any confusion. Previously, it was the custom that the seller paid all real estate commissions, both for their agent and for the buyer’s agent. In last year’s settlement involving the National Association of Realtors (NAR), […]
How to Find a Foreclosure in Austin
Foreclosures used to account for about 8% of home sales in Austin, but now make up less than 0.5% and some months 0%. Despite their rarity, foreclosures still attract buyers looking to score a great deal. At Eleven Oaks Realty, we’ve guided many clients through the process of buying foreclosures, and even purchased foreclosures for […]
What Should a Buyer Look for in the Final Walk Through?
The final walk-through is an essential step in the home-buying process, giving you the chance to confirm that everything is as agreed upon before closing. While this step is straightforward, neglecting it could lead to unexpected issues down the line. For first-time buyers in Austin, here’s what you need to know to ensure your walk-through […]
When Should I Get Pre-Approved?
If you’re thinking about buying a home, there is a lot to do to get prepared. Studies show buyers are researching 12-18 months in advance of purchasing. With this much lead time, we often get the question … “When should I get pre-approved?” We advise our clients to use an experienced lender as a resource […]
Do Buyers Need to Attend a Home Inspection if They’re Getting a Written Report?
With long hours at work, family commitments and everything else that demands your time, it is understandable that you might want to eliminate as many additional time commitments as possible. The home buying process in itself is a considerable time soak. After you’ve devoted time to finding the right house and getting your offer accepted, […]
When Do I Have to Put a Deposit Down on a Home?
When you’re buying a home in Austin, you’ll be required to put down two deposits if your offer is accepted. There is often confusion as to what these deposits cover and when they are due. Here, we’ll explain the two deposits and tell you when they must be delivered and answer the question when do […]
Is Now a Good Time to Buy a Home in Austin (November 2023)?
With the news of higher interest rates, the market slowing, price reductions and overall public sentiment about home buying, buyers are asking themselves is now a good time to buy a home in Austin? If you’ve been following our Austin real estate price reports, you’ll see we analyze the market every month and make a […]
Does the Seller Have to Give a Buyer a Counter Offer
Does the seller have to give a buyer a counter offer? The short answer is no. The seller is under no obligation to respond in any shape, manner or form. Is it smart for a home seller not to respond even if the offer was very low? No. But is it in their right to […]
What is Proper Etiquette for Looking at Houses in Austin?
If you’re new to house hunting, you may be wondering what the etiquette is for visiting a home for sale. In fact, we get this question a lot from first-time home buyers and experienced buyers alike; which makes sense since looking for a new home has evolved over the years. Years ago, homes for sale […]