It is impossible to predict the future of home prices. In Austin however there is a shortage of homes right now. I see no reason to think the home values will drop. New homes have great advantages over older homes. The energy efficiency alone can make them a good value. I just advised and helped my daughter put a contract on a new build home.
I'd be happy to assist you too. As you agent I work for you but the seller pays my fees. Free is a pretty good price for professional guidance. The "sales associate" or "sellers agent" works in the interest of the seller NOT YOU. Their job is to get the seller the most money out of you as they can, that's all. No matter how nice they are and how big they smile at you.
This means that although there might be new homes to compete with, you will also have many buyers who cannot afford new homes, or would rather live in a more established neighborhood, or just prefer a certain location. Also, as the cost of materials keeps increasing year-by-year, brand-new homes with higher costs, stricter building codes, etc. etc., will make resale homes more affordable and desirable. Also, if you buy a house in an area that is not growing, with a more stagnant economy, or buy in an area that is less desirable, the house you buy today will not be worth as much as a house in a more desirable area in general. Therefore it is better to buy in an area that is growing and desirable versus one that is stagnant or on the decline.
However, if you are very concerned about that particular area, get in touch with me and I will be happy to discuss some other areas that might suit your needs and not have as much competition in the future. If I am your Realtor I would be happy to examine the long-term potential and pitfalls and advise you properly. Quite frankly you need to get a good Realtor to assist you and not rely on answers on a website to make such an important and large purchase. Also, not knowing you, your budget, or your long or short term goals or needs regarding a home, neighborhood, etc., it is really impossible to do much more than give you generalized information which again is not what you should be relying on to make such a big purchase decision. Feel free to contact me and I will see what I can do to help you make the right decision!!
Joe Jarusinsky Realtor/Master Instructor Keller Williams Realty, Austin's #1 Real Estate Company, Ranked #1 by Buyers and Sellers (JD Power & Assoc. 2012)
Congratulations on starting the search for your first home purchase. Centex homes is owned by Pulte, and is the largest builder in the US. Their homes are built well. The entire south part of Austin is experiencing tremendous growth and will continue. I believe it's a wise investment if you plan on staying a minimum of 5 years.
When working with a builder I would highly recommend using a REALTOR who will make sure you are getting the best value, building oversight, and upgrades available.
I have many years experience as a REALTOR, as well as home building and remodeling management. Please let me know if I can help you make a success decision!
Evelyn Strong, MBA , Realtor
Stanberry & Associates
Thank you in advance for the time and consideration and I look forward to hearing from you.
Keller Williams Realty
If you do not yet have a Buyer's Agent to represent you, please contact me as soon as possible as the sales agent on site represents the builder, NOT you and their job is to get the builder THE highest price possible. The buyers agents' commission is already built into the price as a marketing expense, and cannot be passed on to you as a lot of people mistakenly assume. I have worked for new homebuilders and I know this to be a fact. I have an excellent rapport with most of the new Home communities in Austin and can help you negotiate not only the price, upgrades, etc. on the home, but also help you with the financing and guide you through the process at no cost to you!
I would be happy to speak with you and I'm at my office today if you would like to give me a call at 512-261-4415.
Thanks, Joe Jarusinsky,
Keller Williams Realty, Austin's #1 Real Estate Company
I would love the opportunity to be able to help you. First time home buyers are my specialty and I do most of my business in Central Austin. Please give me a call or shoot me an email so we can further discuss it.