AUSTIN MARKET UPDATE / APR 23
So March numbers look a lot like February numbers. Not a whole lot of progress either way. Yes, we’re down compared to the same time last year – that’s not a surprise because that’s when the Austin market peeked.
CASH FLOW OR APPRECIATION?
It’s extremely hard to find both – so you are going to have to choose between one or the other. What are your goals? Do you need income from your rental properties on a regular basis? Or maybe you don’t need the regular income and you’re alright waiting for the larger payoff when you sell the property years down the road.
WILL MY HOUSE SELL IN TODAY’S MARKET?
If recent headlines about the housing market cooling and buyer demand moderating have you worried you’ve missed your chance to sell, here’s what you need to know. Buyer demand hasn’t disappeared, it’s just eased from the peak intensity we saw over the past two years.
SHORT TERM RENTALS IN AUSTIN
Short Term Rentals are a hot topic of conversation these days. What exactly are they? In the simplest terms, it is a residential dwelling unit that is rented for less than 30 consecutive days. Think Airbnb and VRBO.
PROPERTY TAX NOTICES ARE OUT!
If you haven’t already, you will be receiving your property tax notice from your respective county appraisal office. After you pick your mouth up off the floor, it’s good to understand what exactly is going on with each of the values in that notice.
You have three values …
OPTION PERIODS … in today’s market
Pre-pandemic, they would range from a couple hundred dollars to possibly $1000 if it was a competitive situation. Now, they range anywhere from $1,000 to $25,000.
THE SELLER LEASEBACK
What was once a rather uncommon feature in a residential real estate transaction has become almost a permanent fixture in this market!