Did you know that more than 45,000 people moved to Austin, Texas in 2022 alone? With a number like that, it's easy to see why this is a hot real estate market, with prices increasing. With a congested market and rising prices, you need to act quickly and be smart when looking at properties.
There are some good tips to follow when looking at property for sale. Read on to learn three tips for finding the perfect real estate in Austin.
1. Determine What You Want in a Property for Sale
With as many options as Austin presents, you need to have a clear idea of what you want. The most important item is your price range. The median price for Austin homes is significantly higher than the national average, so the higher you can go, the more options you'll have. If you're willing to renovate, you could get a fixer-upper for less than market value.
Your family size will determine the basics a home must include, such as the number of bedrooms and garage size. If you're a parent, the school zone is a significant factor when making this decision. Additionally, Austin has distinctive neighborhoods that appeal to many different tastes, which could make some locations more desirable.
2. Selecting a Real Estate Agent
To avoid the horrors of representing yourself, hire an agent familiar with the Austin real estate market. You may need to network with friends or coworkers to find the right one, and interviewing multiple agents is also a smart move. You should only consider agents who are licensed, a requirement in all states.
3. Have Your Mortgage Locked In
Getting pre-approved for a mortgage does two things. First, you have a firm grasp of what you can afford. Secondly, it sends the right message to your realtor.
There are some steps to take before the pre-approval process. You should check your credit score to make sure it's good. Additionally, having a down payment set aside or securing home-buying assistance will make the process smoother. There are many different mortgage options for you to consider.
What Else Should You Consider When Looking at Austin Homes?
Every house you make an offer on should include an inspection. This can help you avoid costly repairs, and it can be leveraged to lower the asking price. As any property is an investment, you should review its history for a sense of how the value will increase.
The other consideration is who will be living there? If you have dreams of creating a new revenue stream through a rental property, you'll also need to find a good property management team.
Are You Ready for Your Austin Dream Property?
Now that you know more about looking at property for sale in Austin, what are you waiting for? You need to have a clear vision of what you want in a property, including the type of house and your budget. Other than deciding to make an offer, the next most important decision you make is selecting your realtor.
The Austin real estate market is competitive, but by following the above tips, you can land the property of your dreams. If you're ready to get started on this path, contact us to get started.