It feels like everyone is moving to Austin. I literally get calls, texts, emails, every single day from folks wanting to move or relocate to Austin.
Austin is the 5th fastest growing metro area in the U.S. with over 100 new people per day moving here.
As a result we are experiencing overwhelming demand in a housing market with too little inventory. With this many people moving to Austin it’s created an extreme seller’s market.
What does an extreme seller’s market look like.
- Builders are sold out of inventory
- Builders are refusing to sell to investors or second home owners.
- Resale homes are in short supply
- New listings sell within hours of hitting the market
- Multiple offers are the norm.
- Buyers are bidding 10-40% over asking to win in a multiple offer situation.
- Appraisal waivers are the norm.
- Cash is king.
For example I recently put a $475,000 house on the market and received over 10 offers within 48 hours. The home sold for $625,000. That’s $150,000 above asking! Unbelievable, but true.
If you are planning on relocating or moving to Austin it’s important that you seek the help of a highly skilled Buyer’s Agent, like myself. I’ve developed over a dozen unique strategies to help a buyer win in a multiple offer situation.
If you are selling a home here, it’s important that you have a strong negotiator as your listing agent. It’s easy to get an offer, but negotiating offers to MAXIMIZE your selling price requires skill and strategy. I am a Certified Real Estate Negotiation Expert (RENE) which helps me help you win!
So, whether you are moving to Austin, relocating within Austin, or moving away from Austin, I can help. Feel welcome to give me a call, send an email, or text me at 512-516-4666.
It doesn’t look like this market is going to slow down anytime soon.
