What Should I Know BEFORE I Buy a Home in the Austin Area?
“It is in the buyer’s best interest to work with a Austin buyers agent who has long term familiarity with the Austin real estate market and its history.”
In the past six years, we in the Austin area have experienced a very fast and competitive housing market. Over the past year however, the Austin real estate market has slowed down and the dynamics of the market have changed. Many buyers had gotten carried away with this market and paid too much. Many sellers think their home is worth much more than it actually is at this time. On the other hand, some buyers paid over the asking price, but in six months looked back and realized what a great deal they received. Every situation is different and needs to be approached accordingly in this ever-changing market.
In order for you to find the right house at the right price there are several things that you, the buyer, should know before you begin the buying process:
1. Know exactly what you can afford vs. what you want to spend.
2. Know your short (3-5 yr.) and long term (5-10 yr.) goals.
3. Know the current market conditions.
4. Know how the listing prices are determined.
5. Know how to deal with the Listing Agent.
