While a lot of homes in the Austin area are flying off the market, houses in the luxury price point are actually sitting on the market a little bit longer. In Austin, we classify a luxury home as a property that’s priced at $1,000,000 or higher. Since these properties are taking a bit longer to sell, you can typically negotiate the price more than you’d be able to on a lower priced home....
TREC NO. 39-8, AMENDMENT As the world nervously watches the spread of COVID-19 (Coronavirus), the pandemic has begun prompting responses from every industry, and nearly every level of organization in the country. How then, has COVID-19 affected the real estate market, especially as we enter what was primed to be an especially hot spring? Lawrence Yu, chief economist for the...
It’s that time of year where house hunters are out in full force. Here are some quick answers to some of the most common questions I hear. Want to Buy a Home? Search All Homes Want to Sell a Home? Get a Home Value Report Here are some of the questions that I’m often asked by my clients and what my answers typically are: What is a short sale? The easiest way to understand a short sale is that...
Stephanie Long is a lot less stressed now than she was just over a year ago, and it’s largely because she’s spending much less time in her car. The interior architect really only has to take her Tesla out of the garage to get one of her children to school and to commute 10 to 15 minutes to her job in East Austin. The decision to move in December 2018 from the Circle C neighborhood in...
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