Four reasons why buyers should invest in Austin as soon as possible.
“Is it still a good time to buy a home in Austin?” People ask me this question all the time, and the simple answer is yes; it’s still an amazing time to become a homeowner. Here are four reasons why purchasing a home in Austin makes sense:
1. Buyers have a lot more negotiating power. Due to the market shift, many sellers are offering generous concessions, such as paying for closing costs or an interest rate buydown. Repairs are back on the negotiating table as well. Now, sellers will be more than willing to let you do an inspection before you close.
2. There’s less competition. We all know interest rates are going up; however, that’s keeping a lot of people on the sidelines, so you’ll have fewer buyers to compete with. Housing inventory in Austin has doubled since October 2021, so you have more options.
3. You can now find a home in the city. For the first time in a long time, buyers have the ability to buy in Austin proper, not a suburb, not a surrounding area, but in the city for under $500,000. If you’re ready to purchase in Austin, don’t sit on the sidelines; make a move now.
4. Austin is a trending city. According to the experts, Austin is still one of the four best cities to buy real estate in the U.S. Housing prices are only going up here long term, so get in on the action while you can.
If you have questions about how you can purchase a home or anything else, please call or email me. I am always willing to help!
