Been watching real estate in Austin so I could buy a house and move. Apple, Tesla and CA folks are skyrocketing the prices. Properties in mid 400s are high 600s in one year, new construction is less, auctioning and bidding home sites makes it worse. To top this the low interest rates makes people buy/refi... overall, I don't see an end. Would you suggest waiting or get into price wars, bidding? I just feel it's too HOT,but killing my patience.. seeking guidance. Current location: East coast(Fl) #austin #realestate #housing
I think the best markets right now are Denver, Philly, Raleigh, DC area. The ship has sailed in Austin imo. Also Austin property taxes are insane. Denver is clear winner in the area but it does have a state income tax.
Rayleigh is a good option
Which are good neighborhoods In Denver?
people move to Austin and make austin the next sh*thole like CA
That is right ON.
Austin and Texas was already a shithole it will just be a different type of shithole now
600k is peanuts 🥜 for most tech crowd. All cash would be more prevalent at those rates.
Leander Cedar park prices are still low?
Relatively yes. But every sale lands up in a war. At times as high as 70 80k.
The California refugees did the same thing to Colorado 20 years ago and then to Seattle during the past decade. They also bring in their "a tax for thee and not for me" mentality and ruin states that were fiscally responsible.
Best thing for these states to do is create some kind of visa. Like H1B. You can work here but if you are laid off you have to go back to CA. How does that sound?
Sounds solid. The market is just unregulated. The sad part is infra is crippling and not keeping with the inflow. Prop taxes also are high. Just doesn't feel a sane move ro ATX
Live right outside of Austin. Cedar Park, Round Rock, Westlake, Buda, Manor are all great and you get more 💥 for your buck
I thought these are the pricey areas. What are the areas that are expensive than these?
Westlake is pretty expensive. The other ones are their own municipalities and have their own good/bad sides of town
Some sellers set a deadline and wait for highest and best offer. These are the ones that get bid up too much. Then there are other properties that go under contract within a couple of days of being listed. These sellers just want a decent price and are eager to get it over and done with. You just have to wait for such properties and quickly make your offer. Using a realtor you are comfortable with is critical here. Message me and we can talk.
How do you go about finding tenants when you’re not living in Austin? Can you pay someone to look for tenants/tend to their needs for you?
You can list your property for rent with a realtor. You typically pay 50 to 80% of one month's rent as commission. People looking for a place to rent usually go to a realtor since it's a free service for them. You also have property management companies that will manage the property for you. Fees are typically 7% to 8% of the monthly rent, or you can also negotiate a flat fee of $80 to $100 per month
This game of musical chair is never ending, soon y’all will be buying a property in Jackson, Mississippi.
What ... is it good? I have 500k to spare. Can I buy a house there ?
People have too much money to spend, stock market crash should happen before anything hits real estate
With companies going full remote the purposes of moving to Austin is defeated. It’s overpriced.