November brings on a whole new set of challenges in both buying and selling a home. The First Time Home Buyer Credit $8,000 has been extended and opens up a whole new set of buyers and offers more for the sellers to move up with a extra $6,500 Tax Credit. The market share is seeing a increase in months on the market that will give buyers more opportunity to negotiate a Fair Market Value
Today there are 763 homes on the market with 101 pending sales waiting to close. This shows you how the market is moving and what you can expect in working with both the buyer and seller in the specific local market. Today there have been 15 closed for the month of November and last month there were 52 that sold and closed in the month of October.
Today there are 10,329 total homes on the market for sale. Many homeowners that were priced too high are removing the home off the market- low motivation and the property either shows up as a Expired or Withdrawn. When a property sits on the market for more than 90 days it is either a Price or Condition that is keeping it from selling- often times price!
Be sure to request our Best Buy List (BBL) for properties we have identified to either be below market value or would make a great investment opportunity. The smartest of agents watch the Months of Absorption (MOA) to determine whether it is a Buyer or Sellers Market. The best buys in any market sell in the first 30 days. Read more about the Tale of Two Markets in this report.
This is the tale of Two Markets and whether a property is just "On or Out of the Market versus to being
"IN THE MARKET"
The amount of days a property is listed is a strong indication if price and condition is correct. The best buys still and always will sell in the first 30 days. Then it becomes a condition of overpricing and condition. It takes a skilled negotiator to help a buyer and seller in any market to get the best price the market will bring. This negotiator is one that studies the market on daily basis and understands the perspective of where the market is going. You can get the actual MLS sales and active listings on our Market Snapshot by signing up at www.Move2AustinTexas.com to get an update on your homes value on a monthly basis. If you have considered buying a home request our newly released book on "How to Buy a Home in Today's Market" Give us a call today whether you plan to Buy or Sell and let our skilled negotiation team help you to maximize your full potential in Today's Market at 512-794-6635 or toll free at 800-879-116
ZIP Codes: 78734, 78738, 78669 Approximate Location Boundaries: Hwy 71 West starting from Bee Cave to Pedernales River & west on Hwy 620 to Mansfield Dam including Bee Cave, Lakeway, & Spicewood
Location Characteristics: The Lake Travis community has the lake the meanders amongst the rolling hill country and is the gateway to the Texas Hill Country. The communities located in Lake Travis are Spicewood, Bee Cave, and Lakeway. Shopping at Bee Cave Galleria, dining, and family fun is all at Lake Travis whether on the water or in the community. Lake Travis school district is highly acclaimed and has been the state football 4A champions for 07 & 2008. A growing community with many new developments that attract both the national and custom home builders.
About David Raesz:
David Raesz has been helping families in the greater Austin, Dripping Springs, and Lake Travis area since 1986 with Keller Williams Realty. The Raesz Team has both Seller and Buyer specialist's to represent your best interest in the next move you will make and the support to take care of all the details. Our vision for 2009 is to help 150 families in their smooth move paying close attention in handling all the details! A single real estate transaction requires the completion of numerous tasks: marketing, negotiation, sale tracking, communication...just to name a few! As a buyer or seller you will need a trusted advisor, an experienced negotiator, and someone who can facilitate your transaction with expertise . The Raesz Team recognizes this need and has assembled a group of individuals to meet it. Each member of the Raesz Team has different strengths to meet your needs!
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
