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Finding a "Buyer's Agent"

Eppraisal

Finding a real estate agent who specializes in working with buyers is critical. Working with buyers requires a different skill-set than working with sellers. A sellers agent's job is to market and sell a client's home. A buyers agent's job requires many more key skills.

Buyers 36
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Home Search Strategies for 2022

Eppraisal

It is no secret that many home buyers are having a hard time finding a home to purchase. The inventory of homes available for sale was on the low side even before the Covid 19 pandemic. According to data from Realtor.com, "The inventory of homes for sale dropped 53% between April 2020 and April 2021."

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Real Estate Real Fast EP4 (solo-show with Aaron talking Fall/Winter 2022 Texas housing market)

Listing Spark

Days on the market are up, home prices are down, but it’s not all doom and gloom. What should buyers and sellers be doing right now? In August, the median home value in the greater Austin metropolitan area was $496,000 and that’s up 5%. If you’re an Austin home buyer, there is a lot of good news.

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HOUSING ‘TRIFECT’ PUTTING SQUEEZE ON BUYERS

Will Springer Realtor

All this, while we prepare to experience in a few years the largest wave of potential home-purchase demand in our nation’s history. As the chart shows, a historically large segment of Millennials is inching toward 36, the median age of a first-time home buyer in the U.S. income can qualify for financing on a median-priced home.

Buyers 36
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Real Estate Market Trends for 2023 – Real Estate Real Fast EP11

Listing Spark

Sales were down 25% in Austin, Texas compared to 2021, and values are likely to continue decreasing in 2023. Price drops are becoming more normal, and we can expect home values to decrease by 10-15% on average across major markets. Builders will continue to target first-time home buyers with incentives.

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IS THE REAL ESTATE WINDOW CLOSING SHUT?

Will Springer Realtor

I also heard the same question from buyers this year. They wonder if they missed their opportunity to buy before interest rates rise along with home values. To be sure, the market is still leaning heavily in the sellers’ favor and listings are slimmer than a strand of spaghetti. And that answer appears to be “yes.”

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A CALL FOR MORE ACCESSORY DWELLINGS AMID HOUSING CRUNCH

Will Springer Realtor

Also known as a mother-in-law or cottage, the dwellings can offer viable housing to younger buyers seeking to save for their first home or enable seniors to age within a familiar neighborhood. The cities of Seattle and Renton offer pre-approved ADU designs to help streamline the government-approval process which can often be onerous.