Market Conditions in Austin>Question Details

Trulia Austin, Home Buyer in Austin, TX

What does the rapid growth in Austin's housing market in 2012 mean for 2013?

Asked by Trulia Austin, Austin, TX Tue Jan 29, 2013

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Ronald Cullinan’s answer
Well, if typical of the law of supply and demand, then prices will necessarily rise. However, if anyone knows that for sure, they don't dabble in Real Estate. Anyone who can accurately tell the future about anything, is sitting on their idea of the perfect place to live and raking in money playing the stock market or some other gambling venue.

Ron Cullinan
Avalar Austin
0 votes Thank Flag Link Tue Jan 29, 2013
To date, in 2013, I have noticed that many homes are selling prior to even hitting the MLS. They are either marketed within a large broker's agents as a "pocket listing" (meaning coming soon to the MLS) or with a Coming Soon sign in the yard. This is particularly true in the luxury market.

This means buyers should 1) work with a Realtor who has a large network of agents, 2) get pre-qualified from a lender, so that a pre-qualification letter can be submitted simultaneously with an offer, and 3) drive your desired areas frequently to discover "coming soon" signs and call your Realtor immediately to get a private showing.

Lastly, be may require submitting offers on numerous home before you get one!

Melanie Angermann
Keller Williams Realty
0 votes Thank Flag Link Sat Feb 9, 2013
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