Cedar Park Homes for Sale 3713 Tall Cedars 78613

This home has been reduced from $324,900 to $273,900.  At $72.21/sqft, this is a great price for The Ranch at Brushy Creek.  This home is 3,793 sqft, 4 bedrooms, 2.5 baths, built in 2006, and on .199 acres.  This is not my listing...I just think it is a great price.

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Has there ever been a better time to buy in Central Texas?

It is quite ironic that people tend to purchase at the height of the market.  However, when market conditions turn and opportunities begin to favor the buyer more, people tend to hold back rather than buy when markets are more favorable.

Central Texas has been somewhat immune from the National housing market. After all, we did not have the crazy double digit increases in prices that have made other markets crash.  However, there is no doubt that the national situation has affected our local market.  Because of this, and several other factors, we are experiencing one of the best times in history to buy a new home.

So why is it such a great time to buy now?

First, interest rates are unbelievable.  This often equates into saving tens of thousands of dollars on a new home.  Why is this?  If you took out a $400,000 loan at 6%, (as was common a few months ago) your payments would be $2,398.  By lowering that rate to 5% (which is common now), you could buy $46,000 more home for the same payment.  In essence, you are saving $46,000 by capitalizing on the market before you now.

Secondly, 2007 was a great year for Central Texas sellers.  We now know where the height of the market was.  With this in our rear view mirror, buyers can look forward to a more competitive market by purchasing a home for less and taking advantage of builders incentives.  Couple this with the interest rate savings and the savings really pile up.

Lastly, the sky is not falling in Central Texas.  The local housing market continues to shine above most other markets.  Recently, Housing Predictor, which provides housing forecasts for 250 markets, ranked the Austin area sixth among the 10 Most Promising Housing Markets.  Factors considered include healthy regional economies and strong potential for increasing prosperity.

So why do people often follow the herd and purchase when the market is in full swing and interest rates are higher?  One reason is that people within the same market want to wait until it is a better time to sell their current home.  Well, shocking news here, it is never a great time to buy and sell in the same market.  However, there is one exception -- when interest rates are low.  Regardless of the market, the interest rate savings are there.  In my example above, you are still saving $46,000.  If you wait to sell your house for more, inevitably, the house you are purchasing will cost more.  If you are moving up, most likely the house you are purchasing will cost you more than the additional money you received for your current house.  If you are downsizing or moving down (and not paying cash), the interest rate savings might not be there for you.

Are you going to blaze a trail or follow the herd? 

Chris Tinnell

ctinnell@mybuffington.com

www.mybuffington.com

One of my agents listed a current model home for sale in the Ranch at Brushy Creek subdivision, which is located just north of Avery Ranch off Parmer Lane. 

As you can probably tell from the photos, this is a gorgeous and highly upgraded home:

Features:

• 4 Bedrooms, 2.5 Bathrooms
• MODEL HOME!
• Upstairs gameroom and media room
• Large oak trees in backyard
• Stainless appliances
• Beautiful tile throughout most of downstairs
• Granite countertops
• Study with built-in desk and bookshelves
• Too many upgrades to list!
• Convenient to Parmer, 620, and Toll Roads
• Leander ISD

If you have any questions about real estate in the Austin/Cedar Park area, please give me a call anytime at 512-796-7653 or email jason@austintexashomes.com.  If you are looking to relocate here, you might be interested in checking out my online relocation package:

Austin Texas Relocation Package

You can search for Austin homes at http://www.austintexashomes.com/.  I look forward to hearing from you soon!  

Ranch at Brushy Creek home sales Nine properties sold in the month of March in 2008.  Builders inventory is slowwing down makeing this a great time to purchase one of the amazing resales in the neighborhood! 

Residential homes in Cedar Park are still a great investment....whether you are wanting to move up or if you are a first time buyer its clear there are advantages to owning your home!  There are a lot of homes for buyers to choose from -making it a great time to buy! -  I am the local expert for this area!!  Any questions -don't hesitate to ask!

Price per sq/ft is rounded to the nearest hundredths.  Slight rounding error occurs from the loss of significant digits when price per square foot is calculated.  Source: ABOR Actris -MLS.  Data is believed to be accurate but not guaranteed

Hidden Glen home sales are still going strong despite a slight appreciation over last year.   Comparing the price per square foot of homes sold in February 2007 to homes sold in 2008 shows ~9.4% increase and days on the market are a little longer in comparison.

Residential homes in Hidden Glen are still a great investment....whether you are wanting to move up or if you are a first time buyer its clear there are advantages to owning your home!  With 18 active listings there are a lot of homes for buyers to choose from -making it a great time to buy! - Any questions -don't hesitate to ask!

                  Price per sq/ft is rounded to the nearest hundredths.  Slight rounding error occurs from the loss of significant digits when price per square foot is calculated.  Source: ABOR Actris -MLS.  Data is believed to be accurate but not guaranteed

Ranch at Brushy Creek home sales are appreciating right along with the rest of the market here in Central Texas!  Four properties sold in the month of February in 2008.  Residential homes in Cedar Park are still a great investment....whether you are wanting to move up or if you are a first time buyer its clear there are advantages to owning your home!  There are a lot of homes for buyers to choose from -making it a great time to buy! -  I am the local expert for this area!!  Any questions -don't hesitate to ask!

Price per sq/ft is rounded to the nearest hundredths.  Slight rounding error occurs from the loss of significant digits when price per square foot is calculated.  Source: ABOR Actris -MLS.  Data is believed to be accurate but not guaranteed