home selling in austin texas: What are Comparable Sales 🤔❓
- 05/27/21 10:42 AM
Known in real estate as ""comps,"" comparable sales are the sales prices of similar homes and are based on: Lot size Condition Age & construction Square footage Close proximity Time frame of sale TIP: Appraisers use comps in their evaluation of your home, but you can submit different comps if you feel that the ones chosen are outdated.When it comes to buying or selling , both place a high level of importance on comps to determine a home’s value Contact our team for a free consultation to learn more about what homes are selling for in your area. … (4 comments)
While average mortgage rates have drifted between 4% and 5% in recent years, they haven’t always been so low. Freddie Mac began tracking 30-year mortgage rates in 1971. At that time, the national average was 7.31%.2 As the rate of inflation started to rise in the mid-1970s, mortgage rates surged. It’s hard to imagine now, but the average U.S. mortgage rate reached a … (5 comments)
home selling in austin texas: The Trophy Home
- 02/01/12 05:52 AM
This past weekend I stopped by my sister and her husband’s home as I made my way back to Austin from the RE/MAX of Texas 35th Annual Convention in Galveston. The convention was an incredible learning experience and I had a fine time to boot. But back to my visit with my sister. As I looked around at her beautiful new home, a TROPHY HOUSE, it brought back memories of a number of homes that I have listed in Austin that were definitely challenging to sell. Not because they were over-priced, or located in a declining area or even unattractive or … (4 comments)
Known in real estate as ""comps,"" comparable sales are the sales prices of similar homes and are based on: Lot size Condition Age & construction Square footage Close proximity Time frame of sale TIP: Appraisers use comps in their evaluation of your home, but you can submit different comps if you feel that the ones chosen are outdated.When it comes to buying or selling , both place a high level of importance on comps to determine a home’s value Contact our team for a free consultation to learn more about what homes are selling for in your area. … (4 comments)
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