Real Estate Blog - buyers

How Low Interest Rates Can Affect Your Purchasing Power

As you’ve probably heard, interest rates are the lowest they’ve been in over a year and a half. This means more buyers are coming off the sidelines and starting their homebuying search. More buyers mean more homebuyer demand, bringing more sellers into the market looking to sell their homes for top dollar.

Interest rates are a huge economic factor that affects the market's direction and where it’s going. Low interest rates can help increase your purchasing power and ability to navigate the market. Let’s dive into the importance of low interest rates below! 

Increased Borrowing

When interest rates decrease, the cost of borrowing money decreases, directly affecting how much buyers can afford. Even the slightest decrease in interest rates…

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The Disastrous Downfalls Of Overpricing Your Home

Regardless of whether the real estate market favors sellers or buyers, sellers are always looking for an upper hand, leading many to list their homes for a higher price. While higher list prices potentially mean more money at closing, it can lead to many downfalls if the home doesn’t sell.

Let’s dive into 4 disastrous downfalls if you overprice your home.

Price Reductions

Due to low inventory and buyer demand, when a new listing hits the market, showings roll in immediately, as long as it's priced right. So, if you’re not getting a lot of showings, you can assume your home is overpriced, meaning you’ll want to reduce the list price. Price reductions leave buyers wondering what is wrong with the home that the price dropped, and if you keep…

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Why Location Is Still Important In Today’s Real Estate Market

At the height of COVID, remote work became more popular among employers, and many employees still work from home. While working from home means you don’t need to be near your workplace or worry about your commute, it leads people to wonder if the location of a home is still as important as it once was to homebuyers. 

Let’s dive into the importance of location and why it’s still a top priority in today’s market.

Amenities

Even if you work from home and don’t need to worry about proximity to your workplace or a commute, other amenities might be important for you to live by. If you have children, you probably want to be near their daycare so you can get them to and from daycare as quickly as possible. In addition, it might be important to…

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4 Reasons You Should Sell Your Home This Summer

Although it might seem like we just got to the spring season, a new season will be here before we know it! The Austin Board of REALTORS® just released the latest market stats for April, and if these numbers continue to increase, summer might be the best season to sell your home this year.

Let’s dive into four reasons you should consider listing your home this summer.

Low Inventory

The Austin Board of REALTORS® shows a 3.4-month supply of inventory for Williamson County. While this is a 0.8-month increase from last April, it’s still well below the 6-month inventory needed for a balanced real estate market.

Low inventory means there’s less competition for sellers, a higher possibility for multiple offers, and higher sales prices. 

High…

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