Home Buying in Austin>Question Details

Tulio Yamasi…, Other/Just Looking in Austin, TX

I am strongly considering moving from Atlanta to Austin in May of 2014 and would like some expert advice about the financial aspects of the move.

Asked by Tulio Yamasita, Austin, TX Thu Mar 28, 2013

Atlanta is currently a hot spot, houses are selling within a week of the listing date. I currently rent, but would like to own in Austin within 6 months of the move. What are the current forecasts? Will the market still be (or maybe even more) as competitive in Austin by then for a $250.000 range?

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I have an Austin Real Estate Blog where I write about that kind of stuff everyday!

http://www.EricEstate.com/blog

I think it is very important to evaluate the financial aspects of a new home purchase. I have evaluated just about every neighborhood in Austin with it's current value, and based on recent historical sales where I predict the value to be in 5, 10, and 15 years.

Take a look
0 votes Thank Flag Link Fri Mar 29, 2013
Tulio, when you get a chance, I'd be happy to discuss the Austin market in detail and give you some insight as to predictions regarding our growth, jobs, etc. There is much too much information that I have to type out here, but I'll be happy to set up a time to speak with you directly. I'm usually available from 10 AM to 7 PM Central Standard time, seven days a week. Since you are in Atlanta, you are one hour ahead of me.

We need to discuss your job situation, whether or not you are pre-approved yet with a lender, where would be best suited for you to live, et cetera, et cetera.

Please give me a call your earliest convenience and I'll be happy to help you, at no cost to you by the way. I have a great team of lease agents, lenders, inspectors, etc. to assist us throughout all phases of the process, and I happen to be one of the top rated agents in Austin.

Joe Jarusinsky, Realtor/Master Instructor, Keller Williams Realty, Austin's #1 Real Estate Company, Ranked #1 by Buyers and Sellers (JD Power & Assoc. 2012)
Call 512-261-4415
0 votes Thank Flag Link Thu Mar 28, 2013
Yes, in fact, by this time next year I predict you would have made 10% on your purchase.
Since you rent now, you have the benefit of being able to purchase now and rent your home out for 6-12 months until you move here.

Not only will you make money from the rental as rental rates are up and booming right now, but you would make the upswing on market appreciation in those 12 months.

Do you want a house
http://www.mlsfinder.com/tx_actris/shawnmonshaugen/index.cfm…

or a condo?
http://www.mlsfinder.com/tx_actris/shawnmonshaugen/index.cfm…
Web Reference: http://www.ShawnMon.com
0 votes Thank Flag Link Thu Mar 28, 2013
Hi there,
Gee, the market has been picking up. Home sale prices are up almost 9 percent from last year, All indicators ive read and seen are showing no end in sight. Central texas is booming! There are at least 1000 people per day moving to the Austin area. I own investment properties and a property mgmt company. My investors are buying as much as they can right now.
I have some good suggestions for you if you are wanting to own a home in the Austin area sooner than later.
Best regards,
Cindylou Hunter / Broker
512-801-8064
0 votes Thank Flag Link Thu Mar 28, 2013
It is against professional code of ethics for any Realtor predict the future. Texas is a "hot state" with many inbound moves.

Lynn911 Dallas Realtor & Consultant
Multimillion Dollar Sales Producer
972-699-9111
http://www.lynn911.com 100's of Dallas homes listed for sale or lease

Follow me on Facebook
http://www.facebook.com/lynn911dallas
0 votes Thank Flag Link Thu Mar 28, 2013
Tulio,

Honestly, who knows? There are honestly way too many moving parts going on right now in Austin to give a prediction about housing in a particular price range without it being more than an educated guess. Your move date is more than a year away, and as events of the past have shown, things can change pretty drastically in a year.

That being said, all things currently point to Austin having sustained growth because of the various industries moving to the area, immigration to the city, and generally favorable economy. My advice is to table your concern about the market for now and revisit it at the beginning of the year. You have nine months in that case to find a Realtor you feel comfortable with and make sure your transition to the Austin area is as seamless as possible.

If you have questions, please shoot me an email, or reach out to any of the other great Realtors who've responded!
0 votes Thank Flag Link Thu Mar 28, 2013
Tulio,

A visit to the Chamber of Commerce's economic development page may be jus the tool you need to answser your questions.

http://www.austinchamber.com/do-business/

Jeannette Spinelli | Broker
Austin Business Journal's Top 20
http://www.jeannettespinelli.com
0 votes Thank Flag Link Thu Mar 28, 2013
You can also go to my business page on facebook it has all kinds of current information on the Austin area. It can be your one stop shop

http://www.facebook.com/pages/Ben-Love-Of-Keller-Williams
0 votes Thank Flag Link Thu Mar 28, 2013
Most rentals want you to sign a 12-month lease--but that's negotiable, of course. Rentals are going fast too--so start looking about 2 months before you plan to move. I will be happy to set you up on an automatic search so everything that comes up will automatically be sent to your email. I can also preview homes for you--give me a call at 512-508-1428 or check out my website at http://www.morrisonrealtygroup.com.
0 votes Thank Flag Link Thu Mar 28, 2013
Tulio,
Austin has been a strong market for a while and most predict it to remain so. As will all markets, there are sub-markets that will be more or less competitive than the overall market. So a lot depends on where and what you are looking for. C'mon down and join the rest moving to Austin!!
0 votes Thank Flag Link Thu Mar 28, 2013
Austin is extremely hot market and very similar to Atlanta in terms of homes coming off the market. We have a strong economy forecast and companies continue to bring more jobs. From the reports I have read, this trend will continue through at least 2015. With strong communities and school districts available throughout Austin and surrounding areas, It would certainly be a wise decision to invest in home ownership. I would an opportunity to earn your trust and help you with any other questions you have, feel free to contact me by phone, text or email.

Benjamin Love
Keller Williams
512-487-9325
http://www.bensellsaustinhomes.com
When it comes to Real Estate,
All You Need Is Love
0 votes Thank Flag Link Thu Mar 28, 2013
Tulio,
Atlanta is a good market, Austin is a HOT market. While no one can predict the future I see a continuing "tight" market. $250K and under is the sweet spot and therefore the hottest of this hot market. The rental market is even tighter than the resale market.

When the time comes I hope you'll consider contacting me directly. Best wishes!

Bill
0 votes Thank Flag Link Thu Mar 28, 2013
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