🤠🏡 Selling Austin #5

Hi y’all! Can’t believe it’s March already, time flies.
Pay attention to the 🚩house hunting red flags 🚩and read until the end for a house worth drooling over.

Ready? Let’s dive in.

WHAT'S INSIDE 👀

• HOUSE HUNTING RED FLAGS

• WHAT’S HAPPENING IN TOWN?

• DEAL OF THE WEEK

• WHAT THIS INFORMATION MEANS FOR YOU

• HOUSE WORTH DROOLING OVER

🚩HOUSE HUNTING RED FLAGS 🚩

There are a few items you always want to be aware of before buying/submitting an offer.

You should always check the Seller’s Disclosure Notice (SDN) carefully. BUT be aware that Texas protects the seller. Even if there is an issue they didn’t disclose, it is very difficult to go after them. Having a great inspector is extremely important.

• Foundation:

  • Depending on the extent of damages, this can be $25,000+.

• Roof:

  • Depending on the type of roofing material, these replacements can range from $5,000-$30,000+

• Flood Plain:

  • Austin listings will designtate if a house is in a flood plain. If you purchase a house in a flood plain you will have to buy extra flood insurance. Repeated water damage will cause erosion and will affect your foundation. We definitely don’t want to be in this situation…

    

🤠 WHAT’S HAPPENING IN TOWN?

Austin is moving back towards typical seasonal sales. Things went crazy during the pandemic but we are settling back in. This graph shows that the most deals happen in May-August. 

Buyer/Sellers with kids don’t want to move their family in the middle of the school year. Research shows the busiest moving times are June, July and August.

This means: more inventory, more competition.

👀 DEAL OF THE WEEK (FOR SALE NOW)

Neighborhood Spotlight: Travis Heights

Travis Heights is just south of the Colorado River. Gorgeous, curvy and shaded streets are lined with trees from the 1900s! This neighborhood has experience astronomical growth during the pandemic and continues to flourish due to its proximity to South Congress/shopping/restaurants/bars.

Listed at: $950,000
Kirtana’s Suggestion: $935,000

This property is A DEAL. Here’s why:

• The price per square foot on this house is $454. The median ppsqft in the past 3 years in travis heights is: $716

• You want to be the smallest/oldest/cheapest house in your neighborhood. Why? Your property value will be pulled up naturally by the surrounding properties.

• Great lot size, good layout, good natural light

• LOCATION

⁉️ WHAT THIS INFORMATION MEANS FOR YOU

If you’re a buyer/seller/renter or just interested in real estate - this weekly newsletter will help guide you decision making and help you to better understand the current market trends.

🤤 HOUSE WORTH DROOLING OVER

You’ve made it to the end! Take a look at this custom built stunner that is tucked into Barton Hills.

I’m so happy you’re here! Reply to this email if you have any questions or just to say hello! 👋 

P.S. If you think your friends would like this newsletter, I’d love for you to share it with them!