Category Archives: south austin realtor

Where’s My Buyer?

Do  you have a house on the market for sale right now that is not selling?  It’s been sitting for 30, 60, 90 or more days without so much as a low ball offer?  It pretty much stinks doesn’t it?  Ah yes, the first two weeks of impressive numbers of showings.  Your agent sending you glowing reports and feed back about how well the house has shown and how many people just love it.  And then ……NOTHING!  You’ve gone from raving about your agent to mumbling curses upon his or her family and pets when you call for the 12th time that day for an update only to get the voicemail.  Chances are, whether or not you like to admit it, they probably are doing and have done everything possible to sell your house.  How do I know this?  Because I have 2 listings myself that are just sitting!!!!  One of them happens to be one for our family investment business so yes, I know personally what this is like. 

Believe me, I’ve done everything.  Open houses, flyers, follow ups from showings.  I have not tried tap dancing in the driveway yet but that idea is sounding better and better.  I can hear you now saying, “but I did EVERYTHING that pushy agent told me to do!  I took great-aunt what’s her name’s picture down off the wall, I painted over the rose wall paper, I took down my collection of Barry Manilow LP’s that were hanging from the ceiling….” yes, yes…I am sure you did.  But sometimes, depending on your area you may just have to play the waiting game.  I know how much you did not want to hear that.  But it’s the truth. 

I have talked to many an individual that just wants to “check” and make sure their agent really is doing a good job.  Usually they are.  Believe it or not, no matter how fabulous they are, they can not manifest a buyer for you.  And if your agent can do that I need their number!  Be patient.  Listen to their advice.  It may be time for that dreaded price reduction.  <gasp!> If they really are a good agent and they’ve done their job your buyer may be right around the corner!

Now, go repent of all the mean thoughts you had about their hair falling out prematurely and send them a text to set up a meeting to see what the next step should be.  Before you know it your property will be sold and you’ll be moving on with your Barry Manilow collection!  I’ll be tap dancing in a driveway somewhere.  Be sure to honk when you drive by.


What Recession??

Free Real Estate Directory
People are funny about money and never so much as during a depression…er I meant recession!  Times are a little unsettling, I will admit it.  I find myself tightening up my purse strings more now than ever before.  Turning on the news or logging on to Yahoo does nothing to ease my confidence as I am blasted with bad news from everywhere!  But…there is good news for us folks in real estate here in central Texas.  Ask just about any Realtor, economist, or Austin politician and they’ll tell you that Austin survived the crisis that many other communities around our nation were subject to.  We’ve been in a cozy little bubble here and thankfully according to new stats released by ABOR it looks like we will survive the slide.

So homeowners, cheer up! I know depending on where your house is located your property value might have dropped faster than a Tiger Woods sponsor…Hang in there.  These stats are encouraging for all.  Chairman of the Austin Board of REALTORS®, Judith Bundschuh is quoted as saying, “”Though some aspects of the real estate market have fluctuated in the last few years, one thing has remained steady for Austin and that’s price appreciation.”  Great news for those of you regarding your long-term investment right now as nothing more than an albatross around your neck!  Before you start pondering the amount of your homeowners insurance policy, take heart.  Chairman Bundschuh goes on to say, “”This degree of price stability, despite fluctuations in sales volume, indicates long-term strength in Austin’s real estate market.”

If you are one of those who found themselves outside of the bubble and without job security, there is hope for you as well.  There are many hungry investors out there who might just be able to get you what you need financially and keep you out of foreclosure.  Do your homework though!  Ask questions and get everything in writing!  Do not let anyone pressure you or use high pressure sales tactics.  Honest and ethical investors will be open with you as to what they hope to get on their return for your investment.  Our family business has done well because we’ve tried to ensure that both parties of the transaction comes away with the best possible outcome.  Be wary, there are many snake  oil salesmen (and women)  in the real estate investment business!

Protect your investment and hang in there!  I will leave you with some other interesting stats that should encourage us. Although at first look we may think otherwise, the Austin market has been able to hold its own.  Even better is that April is looking even stronger!

Blessings!

Katherine

March 2011 Statistics

    • $396,389,773 – Total dollar volume of single–family properties sold, five percent less than March 2010.
    • $185,260 – Median price for single–family homes, two percent more than March 2010.
    • 1,597 – Single–family homes sold, 10 percent less than March 2010.
    • 96 – Days on market, 32 percent longer than March 2010.
    • 3,480– New single–family home listings on the market, 17 percent less than March 2010.
    • 9,156 – Active single–family home listings on the market, 11 percent less than March 2010.
    • 2,012 – Pending sales for single–family homes, 17 percent less than March 2010.

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