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Homecity blog

sellers talking with realtor

Did you know that, as a seller, your behavior and actions could affect the sale of your home? It may not seem like a huge deal, but trust your Realtor® when they say that every aspect of the home selling process is scrutinized by potential buyers.  

There are plenty of things you can do to ensure the smooth and speedy sale of your home. We asked our agents here at HomeCity Real Estate what they advise their seller clients to do to put themselves (and their home) in the most favorable light.

1. Leave the property. Let’s be honest; most Realtors® agree that sellers should not be lurking around the property when it’s being shown. “Sellers, please leave the property when it is being shown to a buyer,” says Seth Thompson, Broker at HomeCity. It makes

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One of the best things you can do to ensure a smooth home buying process from the beginning is to prepare yourself with a home loan pre-approval. This means finding out if you will be able to borrow from a mortgage lender and an estimate for how much. Surprisingly, a large number of buyers go through their home search without being pre-approved. This is basically like going to the grocery store without your wallet.

We know it can be tempting to skip the more mundane aspects of the home buying process, especially for buyers who are excited to jump right in and start viewing homes. It’s important to remember that in a market as competitive as ours, many sellers will not accept an offer from someone who hasn’t been pre-approved. Why would they want to

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selling a home in the fall

It’s a common misunderstanding among people selling their home that the autumn and winter months are not a good time to sell. While sales do pick up in the spring and summer months and tend to die down in the winter, that doesn’t necessarily mean that listing your home at this time will result in a negative outcome.

In fact, many real estate agents think the later months are a great time to sell. Any time of year is a good time to sell when there are going to be serious buyers ready to consider your home. While there are definitely some buyers that stop their home search towards the end of the year, there are also those that are relocating, want to move immediately, or many other reasons.

“Homes that look great and are priced appropriately will

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people at an open house

When selling a home, it’s important to make a good impression on potential buyers early on in the game. The general rule of thumb is, the more time a house has spent on the market the harder it is to sell.  

A common problem among sellers is that it’s hard for them to see what changes need to be made to their home to sell it quickly. Clutter can go unnoticed, they might not recognize outdated decor and fixtures, or may be unwilling to put away some of the more personalized items in their home. 

These are the times where it comes in handy to have a real estate agent that’s experienced in selling homes fast. Someone to take a good, hard look at the home, and communicate honestly enough to help the seller make some changes.

Even small changes

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September 2016 Housing Market Update

As the summer selling season is coming to a close, home sales are beginning to cool. This happens every year, as the fall and winter seasons are traditionally much slower than the summer. However, demand is still present year-round in the DFW area, which keeps the situation competitive, and prices up. Rental prices are also continuing to rise, which lures people toward home ownership. 

North Texas Real Estate Information Systems (NTREIS) released their market statistics for the month of September (stats are from the month prior – August) which show closed sales actually up .2% at 10,530. New listings went down .8% to 12,614. The market is continuing to get more competitive as the average number of days the average listing spends on the market

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september 2016 austin housing market update

It looks like Hays County is growing faster than the surrounding areas, with single-family home sales jumping 23.2 percent year-over-year to 377 homes for the month of August 2016. The Austin Board of Realtors (ABoR) recently released their market statistics, which states that this jump in home sales activity was driven mostly by home sales in Buda and San Marcos. Home sales jumped as much as 67.9 percent in San Marcos, and 45.8 percent in Buda!

This may be because homes for sale in Hays County have a median price of $253,250, which is about $100,000 less than the median price in the City of Austin. That being said, home price still rose 7.8 percent year-over-year in Hays County. Housing inventory in the area increased .4 months to 3.3 months of

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real estate investing for beginners

So a lot of people have been asking how to get started in the world of real estate investing. The truth is, it’s an art. However, it’s not an unattainable goal. Whether you’re just beginning to think about investing or are planning to start your journey, there are several things to educate yourself about. We caught up with HomeCity investment experts Jonathan Bane and Greg Saunders to give you a beginner's crash course.

Breaking into Real Estate Investing: 

You may be wondering when the best time to start investing is. “It is always the best time to start in real estate,” says Greg Saunders. “What makes the difference is the strategy that you're going with. So, if you're in a low-interest-rate market, as we are now, it makes a lot of sense to do

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July 2015 Austin Housing Market Statistics

Despite having the strongest summer selling season in our region's history, home sales are starting to slow down. The culprit is likely the rapidly rising home prices in the area. While this is great news for homeowners, higher home prices can also lead to affordability issues, and also a cooling of the market. The Austin Board of Realtors cites in their monthly market statistics a 5 percent decrease in single-family homes sold in July 2016 at 2,900 homes.

“I think some of the reason why home sales are declining is rising pricing and affordability,” said Jason Lewis, Senior Loan Officer at Supreme Lending. “I think some is the time of year we’re in. With kids going back to school we always see a slow down this time of year.”

Some say that oil

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There’s a bit of a confusing atmosphere in the DFW area regarding real estate statistics. Prices continue to rise in many communities, yet homes are selling faster than they have in years. Buyers are needing to move quickly if they want to score their dream home, and often they will still need to pay over asking price. While this is mostly great for sellers, it also sometimes puts them in a situation where they are afraid that if they sell, they may not be able to buy a reasonably priced home in the more desirable areas once they close. For this and many other reasons, new listings went down in the DFW 9.4 percent to 13,778. 

Inventory is becoming an issue, as there is a higher demand than supply. Inventory shrank 6.2 percent to 25,926 units in

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realtor showing home

There’s no doubt we’re in one of the hottest real estate markets in the country. This generally means that we’re in what’s called a ‘seller’s market.’ Demand for homes is extremely high as people relocate to Texas, and our supply is having trouble keeping up. This creates a situation that highly favors the seller, and makes for a competitive climate. Unfortunately for potential buyers, this can make the already emotional experience of purchasing a home even more so, with high highs and low lows.

How can one tell when they’re in a highly competitive housing market? There are a few telltale signs.  We asked our expert HomeCity real estate agents how they navigate these rough waters. 

  1. Homes are selling in a matter of days. Homes seem like they
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