Trifecta Austin

June 6, 2020
How To Sell Your House Fast In Austin

Alright, so you want to know how to sell your house fast.

What I'm going to do in this article is share with you the things that are going to matter the most to help make that happen.

#1 Price Flexibility

This is the obvious one. We're going to start with it is price point flexibility.

Have you done the math on what you really need to take home and win on the project?

Because when you sell a home, you've got some factors that will actually free up how quick or fast it's going to go. I'm going to tell you right now that often people are selling their house too slow, because they're hoping to win a little bit of the lottery.

That means that the market is willing to pay one price and you have convinced yourself that it's at a different price. This happens all the time, right?

Remember, the house was worth $220,000. I did my research. I don't care what the CMA says, and I don't care if the appraisal says that if you list it for $220k.

If it goes 30 days without a bite, then something is off, and the market is telling you that that's not the price they're willing to pay.

So rule number one, don't argue with the market.

You've got to work within the confines of the market, which means, hopefully, before you even get in the deal, you were objective enough in the first place, that you didn't psychobabble and become overly optimistic with yourself into thinking that something was what it wasn't.

In other words, you got to let the numbers lie and let the numbers be what the numbers are, right?

If right now the market really is telling you that the value is $200k, then that's what it is.

But you're thinking, I put a new carpet and I upgraded the stairs and I redid the yard, I'm sure it's $220k -- now it's gotta be reachable.

No, it's not, you're off, you're wrong. Because the market is the only thing that matters. What is the home worth? What someone's willing to pay for it?

#2 Be Objective With Numbers

Make sure that you're objective on your numbers if you need to sell fast, that's just what you do.

Get in alignment with the market every week. Drop that price by $5,000 until it actually sells.

The market will speak up.

Because, you know what, we could be in a seller's market or a buyers market, which means that it can be easier or tougher times to sell.

So, it really just comes down to what is the market willing to do.

Now in addition to that, you could have the most amazing property at the right price. And the market may not be responding because now you haven't told the market that your property even exists.

So open up every possible channel to make that happen. Make sure that you're on the MLS.

Yeah, I'm talking to you that just has the for sale by owner sign and you're thinking it's just going to sell that way.

Listen, I'm just going to tell you right now, you could waste a year of your life trying to play that for sale by owner stuff if that's the only sign you have out there.

If you are serious about moving, use all of the outlets. Here are the basic ones.

The multiple listing service, hire a realtor, get it listed there.

Don't just hire a realtor that can list it on the MLS. Any dummy can do that. Hire a realtor that's proactive. I'm talking about the one that bakes cookies and does open houses and networks and goes to meetings and makes flyers and spreads that stuff everywhere for everyone to see.

Use all of your classifieds, use KSL and Craigslist and your local classifieds and Zillow -- anything that will list a property for rent or for sale, whatever your strategy is, list it there.

And then the last one is, make sure you have lit that house up with signs, directional signs in the neighborhood pointing out there's a house for sale this way, there's an open house this way, and that you have proper signage on the house.

If you're opening up all of those outlets, and you're in alignment with what the market says, you're going to sell your house.

If you're struggling to sell your house, it's probably because you're arguing with the market and you will lose every single time.

They are your friend, you must work with them, and their opinion matters when yours doesn't. And that's the reality of investing. That might be one reason why you are reading this article.

But the other reason might just be that I want to open up all my outlets and sell as intelligently as possible.

All the things that I mentioned here will help open up the floodgates of saying, hey, at least we're on every billboard online, every flyer that we can possibly put out to have ultimate awareness and that's gonna help you sell your house as fast as possible.

Now, I have one final tip for you:

#3 Cash Buyers Aren't A Bad Option

You've probably received letters in the mail or phone calls from these types of people, but home investors can actually be a really viable option if you're extremely motivated to sell your house quickly.

The reason is because an investor will typically buy your house fast using private funds or arranging other types of deals to work with your particular situation.

Are you going to get fair market value for the house? No, probably not. Investors are there to make money, so they're looking to exchange speediness and no money out of your pocket for a discount on the purchase price.

If listing on the MLS would require that you spend money on repairs or have money come out of pocket while negotiating with a buyer, OR if you simply don't have the luxury of time, then an investor can be a great route.

If you recently purchased that house, let's say 1-3 years of a new mortgage, and you need to get rid of that note, then an investor can be a great way to do that without requiring any money out of your pocket.

This can be especially useful in the markets as crazy as ours right now where a lot of buyers are scared about what's happening after the lockdowns, riots, and things like that happening.

If you need to get in touch with realtors or investors, I suggest this local company to sell your house fast in Austin, who have a local team that works with homeowners that either need to list the property or want to sell fast.

Hopefully some of this has helped you open up your mind and get some ideas!

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May 5, 2020
You NEED to buy a home in Austin Texas 2020

We're going to tell you guys why you need to buy a home, or an investment, or move here -- at least move here in 2020.

This city is now on the world arena, when it comes to all of these factors that play into what makes a city so attractive for everybody to move to.

I'm going to be comparing LA and New York to Austin, because they all have relatively the same things that bring all these people into the city. And now if you have the opportunity to invest in a city like New York or LA before the price has skyrocketed, wouldn't you want to do that?

So from my research, there's a total of seven things that makes a city attractive for all these people from around the globe to move to a city like LA or New York.

And these seven things are acting, politics, entrepreneurship in the startup culture for business, and colleges having a great education system for college students.

Now, obviously, there's plenty of actors who got their start in Austin, Texas, just to name a couple. We have Owen Wilson and Matthew McConaughey. Those are the two big ones that came from Austin.

And we have a huge acting center in downtown. Acting is huge out here.

There are people who got their start right here in this city.

Now politics...

This applies especially to Austin because we are the capital of Texas, as you may know, versus New York or LA there are large metropolitan areas but they aren't necessarily the capital.

They bring in a lot of money for the state.

This is a very liberal city. And now, whether they're liberal or conservative has nothing to do with it. But these places all have a large influence on the government.

I mean, most of Texas is conservative, but there's a large government presence here in the city. So that's another sector of jobs that New York and LA don't have as much of, but we have it. So that's something to think about.

And here's another great aspect -- Austin has a great environment to start a business and to start your company. Whatever you'd like to do, this is a great place to really grow that seed into a functioning business.

There are a lot of people moving here just to start companies. It's just a great startup culture, lots of support for other entrepreneurs in the area. That's why people move here for entrepreneurship.

It's a big playground for other entrepreneurs to move to and collaborate with each other. That's another important reason why people just keep moving here.

Now, this may or may not be factual, but from my observation, this makes a huge difference as well as having a huge body of water next to the city.

Okay, if we look in New York or LA, they have Pacific they have the Atlantic Ocean, and they're not drinking that water. But back in the 1800s, that would have been important to have water next to your city.

That's what made it sustainable. Because if you live to Phoenix in 1800s, I'm not sure what the situation was or history, but I'm sure it wasn't a growing city as much is in, you know, New York or LA, because it's obviously a lot more sustainable and easier to get water out there.

So it's sort of been more influential back in the day to have a large body of water. But if you think about it, it's still important today because people want to go out and do kayaking, they want to go out and jetski, and bring out their boat, the whole family with them.

This is something that brings a whole multitude of different businesses just because there's a lake here. We now have people who have boat rentals. We have people doing kayak rentals, it brings in so much more money just because we have a body of water.

Now, the last thing is diversity. I'm talking cultural diversity, and socioeconomically and now these things are really important. I'm not going to go into the micro and macro economics of having diverse socio-economics in your city.

You have the spectrum of people who are just barely getting by to the people who are ultra mega wealthy. And if we look at LA or New York, what do we see? We have bums at the bottom. And we also have the people who are super rich, those actors, those people who are high up in the government, we have business owners.

We have everybody in the spectrum. From top to bottom and bottom to top, I should say. And now LA is the same way. What do you see you have Skid Row, and then you also have Hollywood Hills and Bel Air.

It's the same with Austin.

We have Westlake hills, lake Travis... we have extravagant exclusive properties here. And that's the cool thing about this.

Check out our recent Austin real estate market trends for April 2020.

In America, it's important that we have socio-economic diversity so that there's a way for people to come up. And I don't know the whole importance of having socio-economics. I'm still learning those things.

We have the full spectrum of people and whether you're wanting to start a business or go out, chase your dreams, you have the opportunity to make that happen.

It's your choice because we live in America and we have the opportunity to work hard and go after what we want in life.

In a city where there isn't much socio-economic diversity, it makes it harder if everybody's in a one level playing field. It's going to be a lot harder to start a business and, there's not gonna be a lot of money flowing versus here.

This is this city is growing so rapidly, because of all these things that I just mentioned. It's a melting pot of people from all around the globe coming here from the for the festivals that are world renowned festivals. We have people coming here for the outdoors and the weather.

We have everything that a large city like New York or LA would have, yet is not nearly the size of those cities. And now you can see the importance of why you'd want to invest here why you would want to buy a house here and move here, if you're really considering it.

This city is going to grow and grow and grow because it has all these factors that made LA big and made New York big.

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April 30, 2020
Austin Real Estate Market For April 2020

Since things are going a bit crazy this year with the Coronavirus and city shutdowns, we wanted to give you some numbers that let you decide for yourself...

What the heck is going on?

And here's the good news. People are still becoming owners of territory, they're still becoming owners of houses, they're still selling their houses and I can prove it to you.

55 houses went pending today.

That means there are 55 buyers who are now under contract to buy a house and there are 55 sellers who received an offer signed it and are moving toward closing on their house in the next 30 to 45 days.

So the market hasn't stopped. It's still moving along. So much so that there were 77 new houses listed today.

Day Zero is there on the market, on the MLS (the Multiple Listing Service). When it syndicates across all of the websites like realtor.com, Zillow, Trulia, this is day zero for 77 new houses on the market.

This is great news, because it means people that were planning to move six months ago, they're still moving because this is just the numbers for today.

Today 35 houses closed - with signed, done deal contracts, with both sellers and buyers and the transaction complete.

And about 44 houses have dropped in price. So the market is softening a little bit because there are some people that change their plans, but the majority of people who were planning to buy and sell their house are still doing so which means the markets still moving along.

It hasn't stopped and here's even more good news.

Back in 2008, when we had that recession that made property prices drop everywhere, except Austin, Texas

In Austin, it just sort of leveled out. It didn't appreciate from 2008 to 2009. But it didn't depreciate where the rest of the country lost their initial investments or more.

Austin is a super strong market, we're really resilient. And we're going to continue to be resilient.

So we keep moving along, we keep taking one step at a time for the people who are thinking about buying, we have a step by step easy to follow plan that makes it not so overwhelming.

Where people are planning to sell, we've got some ideas for you around how to still do make ready, how to have trades in your house or around your house and how to do so safely.

So if you have questions about how to know if it's right for you, if you're wondering about your specific neighborhood days on market, average prices in a specific area that you're interested in buying in super easy for us to pull these numbers, we would love to do that for you.

Otherwise, we're here to answer any general questions!

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delores carr drinking coffee from a mug
Hi! My name is Delores and I'm passionate about real estate in Austin, TX, my home town! Come ask me anything about buying or selling your house.
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Austin Real Estate Market For April 2020

Since things are going a bit crazy this year with the Coronavirus and city shutdowns, we wanted to give you some numbers that let you decide for yourself... What the heck is going on? And here's the good news. People are still becoming owners of territory, they're still becoming owners of houses, they're still selling […]

Read More
You NEED to buy a home in Austin Texas 2020

We're going to tell you guys why you need to buy a home, or an investment, or move here -- at least move here in 2020. This city is now on the world arena, when it comes to all of these factors that play into what makes a city so attractive for everybody to move […]

Read More
How To Sell Your House Fast In Austin

Alright, so you want to know how to sell your house fast. What I'm going to do in this article is share with you the things that are going to matter the most to help make that happen. #1 Price Flexibility This is the obvious one. We're going to start with it is price point […]

Read More
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