VIDEO: The Austin real estate market is up in 2024!

View this post on Instagram

A post shared by BIRDHOME | ATX (@birdhomeatx)

This is our most popular video this month. It’s less than a 1 minute watch.

For so many of us, it feels like we’ve lost a lot of value in the last 2 years. Here at @birdhomeatx we wanted to put it all into perspective.

The Austin market is still up 62.38% or $150k over the last 10 years. Most of that appreciation happened in the last 5 years—34.59% or $100k.

We may see prices soften a little more this year but we are still 15% above the 4% per year healthy appreciation line.

Hope this helps and call us to discuss buying, selling or investing no matter what market you are in.

Sellers: Here Is the Ultimate 3-Step Blueprint for Home Selling Success

THere are three strategies to help you achieve a smooth transaction.

Selling your home can be a daunting task, especially in today's real estate market. However, there are three key strategies that can help you not only secure a buyer but also ensure a seamless transaction from start to finish:

1. Pre-inspection: Find surprises early. In the current market climate, surprises during the home inspection can be deal-breakers. To stay ahead of the game, consider pre-inspecting your home before listing it. This proactive approach allows you to identify and address any issues with the help of relevant contractors, minimizing the chances of surprises later on. By doing so, you increase the likelihood of a successful sale and reduce the risk of buyers backing out due to unexpected problems.

2. Disclose, disclose, disclose. One common pitfall in real estate transactions is incomplete or vague seller disclosures. To avoid legal complications and build trust with potential buyers, be transparent about every aspect of your property. If you know something, disclose it. This not only helps prevent litigation but also establishes a foundation of honesty and openness in the transaction. Providing upfront information builds confidence and sets the stage for a smoother process.

“Selling a home successfully involves more than just navigating the housing market.”

3. Make it a win-win: Prioritize relationships over transactions. Beyond the bricks and mortar, real estate is fundamentally a people business. Fostering positive relationships with both buyers and sellers is essential for a successful transaction. Strive for a win-win scenario where all parties feel they are getting the best deal. This approach creates a harmonious atmosphere, reducing the likelihood of disputes and making the entire process more enjoyable for everyone involved. Remember, maintaining good relationships in the real estate business is as crucial as the property itself.

Selling a home successfully involves more than just navigating the housing market. By following these steps, you increase your chances of a smooth and satisfying transaction for all parties. If you're ready to act, feel free to give us a call–we're here to help you every step of the way.

We’re Thankful for You

This year and every year, we’re thankful for you in our lives.

The 2023 holiday season has officially begun! We hope you are as excited as we are.

We’d like to take a moment to express our gratitude to all of you this Thanksgiving. We have met some truly wonderful people, and we’re proud to have helped so many reach their real estate goals over the years. We wouldn’t be where we are today without all of your support.

Enjoy your Thanksgiving dinner—that’s what we plan to do!

In the meantime, please don’t hesitate to reach out to us if you have any real estate questions. We would be happy to help you.

Happy Thanksgiving!

Get Ready to Buy Your Dream Home: The Top 3 Don'ts of Home Purchasing

Three common pitfalls that buyers should avoid when purchasing a home.

Are you in the market for a new home? If so, you'll want to avoid making some common mistakes that can jeopardize your home-buying journey. I'm here to guide you through the top three things not to do when purchasing a home.

1) Don't quit your job. One of the most crucial things to avoid while buying a home is quitting your job during the transaction. Let me illustrate this with a real-life scenario. I had a client who snagged an amazing deal on a home because the previous buyer decided it was a good time to quit their job in the middle of the process. The overarching reason not to do this is that when you're buying a home, the bank is essentially the majority owner.

Banks are typically fronting a significant portion of the purchase price (usually 70-95%). They set the rules, and one of those rules is that you must be gainfully employed and able to verify your employment. Quitting your job or frequently changing employers can raise red flags and jeopardize your loan approval. So, remember, don't quit your job while in the middle of a home purchase; it's a decision that can cost you your dream home.

“These three things are essential to remember when buying a home.”

2) Avoid taking on additional debt. When you're in the process of buying a home, steer clear of taking on new debts or splurging on big-ticket items. This scenario often unfolds when people move across the country, buy a new home, and decide it's also a good time to purchase a new car, a bunch of furniture, or rack up credit card debt. This can lead to an increase in your overall debt load, which could make you ineligible for the loan you originally qualified for.

Typically, you have a 30-day window during which you should focus solely on your home purchase. So, during this time, try to avoid making major financial commitments. Your home purchase should be your top financial priority.

3) Don't borrow to borrow. The third critical point is not to borrow money to gift money. This might sound a bit confusing, but let me explain with an example. I had a client who was buying a home, and her father intended to gift her the down payment, which is a common occurrence. However, her father decided to borrow the money from a bank and then gift it to her. During its due diligence, the bank discovered that the money was borrowed and denied the loan.

In most cases, you cannot take on additional debt to fund a down payment or gift money for a home purchase. It's essential to use your own funds or funds that are genuinely gifted to you without the involvement of additional loans.

By avoiding these common pitfalls, you can streamline your home-buying process and increase your chances of securing your dream home. If you have any questions about the buying process or need guidance, feel free to reach out to me by phone or email.

The Seller's Checklist: How To Leave Your Home in Perfect Condition

Here’s what you need to know about prepping your home for sale. 

You've just successfully sold your home, and now it's time to discuss the top three crucial steps to take as you prepare to move out and hand it over to the new owner:

1. Leave everything clean. Ensure that the home is spotlessly clean, both inside and out. Imagine yourself moving into this property; how would you feel if it were left in a dirty state? To illustrate the importance of this, I'll share some images depicting the condition in which a home was left by its previous occupants. My buyers were truly disheartened by the piles of dust and the presence of food in the fridge. The unkempt yard didn't help either. As a seller, your goal should be to leave the home in a condition that you would appreciate as a buyer.

“Make sure you avoid any misunderstandings.”

2. Organize essential items. Compile all the manuals, remotes, keys, and paint samples in one easily accessible place. This organized collection will greatly assist the new owner when they need to reprogram a lock, operate a fan, or reference any related information. By doing this, you're making their transition into the home smoother and more convenient.

3. Make sure agreed-upon items are present. If you've agreed to include specific appliances or items with the property, it's crucial to ensure they are still there when the new buyer arrives. Unfortunately, misunderstandings can sometimes occur, and sellers may inadvertently remove items they promised to leave behind. To prevent such issues, maintain clear communication and double-check that everything agreed upon remains in place.

As always, don’t hesitate to call or email me with any questions. I look forward to hearing from you and helping you on your real estate journey!