Austin, Texas ~ Don't listen to the Naysayers!

By
Real Estate Agent with Coldwell Banker United Realtors® ~ 512.750.6899

No matter how good your real estate market is there are always the naysayers! They tend to dwell on one or two negative points which might be valid but they just don’t get the big picture: In Austin housing is cheap, people prefer to own and Austin housing is transforming from a cost driven pricing to market driven pricing 2013/14 (in other words get ready for a surge in home prices)!

Quite simply there is not enough housing for the amount of people moving here, do the math! This isn’t Rocket Science. Limited inventory makes the Austin Market prime for many types of buyers:

1.      Investors: They will grow in numbers as they realize housing is the best risk-adjusted return on their money.

2.      Boomerang buyers: We are already seeing foreclosed homeowners who are currently renting homes that will soon be back in droves. In 60 years there has not been a more affordable time to buy!

3.      Entry-level buyers: First time homeowners have been sitting on the fence for 6+years and have been waiting for a sign of the bottom and are now looking at price increases in their desired neighborhood and are rushing to become homeowners.

4.      Move-down buyers: Empty nesters and retirees, who have plenty of equity in their existing home, are buying a home that is more suitable to their current lifestyle, which may or may not include adult children as well as their aging parents.

5.      Move-up buyers: The price appreciation that occurred in the last year has already lifted 1 million underwater homeowners above water nationally, and future price appreciation will lift even more. Keep in mind in Austin the prices did not decline like the rest of the country. Therefore there were fewer underwater homeowners. Those wishing to move up to a larger home now feel more comfortable as they can sell taking their rising equity to place in their next home.

Check out my recent post for further information on why you need to be buying now in Austin: If you are going to buy in Austin..You’d better be buying!

As always, Austin real estate information is brought to you as a courtesy by Dorie Dillard of Coldwell Banker United; your NW Austin Real Estate Consultant.

Sellers, if you want to gain an advantage in selling your NW Austin home employ the services of Dorie Dillard.  I am a known and trusted source for all your community needs. I would appreciate the opportunity to earn your business and exceed your expectations.

Search for homes in NW Austin

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Topic:
Real Estate Industry
Location:
Texas Travis County Austin
Groups:
Texas Real Estate
Posts to Localism
All Thing's Texas
Local Expert
Addicted to Active Rain
Tags:
westwood
coldwell banker united
78759
78726
78750
canyon creek elementary
nw austin tx
dorie dillard
homes for sale in nw austin

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Rainmaker
2,017,906
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Dorie,

You're the Voice of the Capitol in Austin, TX. It's the heartbeat of the state, the pulse of the people.

You're the expert.

You're the professional.

You're the Realtor of Choice for buyers and sellers in Austin.

You're a Champion in the ActiveRain community,

Jan 28, 2013 08:24 PM #7
Rainmaker
3,814,411
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Hi Carol,

There are always those who are negative about everything in life...I don't want to get to know any of them!

Jan 28, 2013 08:28 PM #8
Rainmaker
3,814,411
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Hi Conrad,

It's going to be a very good year Conrad..catching up!!

Jan 28, 2013 08:29 PM #9
Rainmaker
3,814,411
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Hi Ed & Tracy,

You are right..you can own cheaper than renting!

Jan 28, 2013 08:30 PM #10
Rainmaker
3,814,411
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Hi Gabe,

Bingo!!

Jan 28, 2013 08:30 PM #11
Rainmaker
3,814,411
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Hi Roger,

A good way to look at it!!

Jan 28, 2013 08:31 PM #12
Rainmaker
3,814,411
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Hi Carol,

Buyers are everywhere in Austin..just waiting for new inventory!!

Jan 28, 2013 08:32 PM #13
Rainmaker
3,814,411
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Hi Patricia,

What a lovely endorsement..thank you!!

Jan 28, 2013 08:32 PM #14
Rainmaker
2,302,722
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Dorie: When I want to know what a particular market is doing, I go to a top Realtor in that region because they always know what the local market is up to...in Austin, I always turn to you!

Jan 28, 2013 08:41 PM #15
Rainmaker
1,498,224
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Dorie, no matter what part of the country, those naysayers will find something negative about the real estate market. You're the Realtor to go to for Austin for sound advice!

Jan 28, 2013 09:13 PM #16
Rainmaker
1,792,271
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Dorie, the evidence is clear if buyers read your blog...limited inventory and have your pre-approval in hand...then call Dorie Dillard!

Jan 28, 2013 09:24 PM #17
Rainmaker
3,814,411
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Hi Anita,

Blogging has made getting the correct information possible..real estate is local but the agents who know the market are consistent in letting the consumer know!

Jan 28, 2013 09:24 PM #18
Rainmaker
3,814,411
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Hi Beth,

Yes unfortunately that is the case but it takes all kinds in this world so we have choices on who we wish to associate with!!

Jan 28, 2013 09:25 PM #19
Rainmaker
2,256,134
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Since 1970, I have seen every imaginable real estate market. The market is always evolving and that will never stop. No matter what the market is, folks will have to buy and sell their property. There will always be naysayers, some even get paid to sound stupid.

Jan 28, 2013 09:25 PM #20
Rainmaker
3,814,411
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Hi Ginny,

Exactly..a buyer must be prepared..pre-approval letter must be in hand or you don't have a chance in this market.

Jan 28, 2013 09:26 PM #21
Rainmaker
3,814,411
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Hi Joe,

OMG..you are so right! LOL!!

Jan 28, 2013 09:27 PM #22
Rainmaker
694,665
Clint Mckie
Desert Sun Home, commercial Inspections - Carlsbad, NM
Desert Sun Home, Comm. Inspection 1-575-706-5586

Hi Dorie,

And the list goes on. There are so many diverse buyers it's hard to categorize them. Every one has their own agenda on why they are buying a home.

Good way to break down the buyers in your area.

Best, Clint McKie

Jan 28, 2013 09:33 PM #23
Ambassador
3,869,653
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Dorie- I have been reading so many good things about Austin lately that it makes me want to move back to Texas!  And, of course, guess who I'd call first!

Jan 29, 2013 12:34 AM #24
Rainmaker
3,814,411
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Hi clint,

You are absolutely right!

Jan 29, 2013 04:00 AM #25
Rainmaker
3,814,411
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Hi Kathy,

I'll be ready!!

Jan 29, 2013 04:00 AM #26
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