Archive for June, 2011

26 June

Buyers and Sellers Seem to Dislike Each Other These Days

Posted by Tom Bates

 

There is certainly something different in the air this year in Austin real estate sales than in previous years.  I mean, like really different.  In years past, buyers and sellers would actually seem to work toward the common end goals: a contract, a non-terminated option period, a deal…and (I dare say) a closing!  This year though, sellers and buyers seem to have other goals in mind…and honestly, I’m not really sure what those goals are!

Certainly part of the issue is that a lot of buyers are shopping for deals and throwing out low ball offers at rapid fire.  And that’s fair, buyers, including myself, want good deals…and the only way to get good deals is to make offers.  The other part of the equation are the sellers.  Austin home sellers are in a tricky spot right now: How do you convince someone from out of state where home values are down 25% that certain Austin markets are actually a pseudo-seller’s market?  You don’t.  You let them figure it out themselves.

Look at the market.  In the south Austin real estate market in the 78704 zip code, the average YTD list price to sales price ratio is 96.32% and the average days to sell a house in 78704 is 72 days.  Sounds pretty similar to the data from the roaring salad days right?  Right.  Still, when you do the research and look at the Austin real estate sales data you will see that one sale where the buyer got 67.80% of list price…and that anomaly is what the buyer market sets their scopes on.

So, I guess this soap box article is really just to highlight that Austin buyers and sellers have severely different OPINIONS these days and that sellers should be prepared for continued low-ball offers and unrealistic expectations and that buyers should be prepared to hear those dreadful words “NO”.  It’s just where we are at right now, and don’t even get me started on the current lender appraisal situation.  Anyway, happy house hunting…and you buyers and sellers out there, why don’t you go out and get a cocktail together…loosen up, get to know one another a little better!  🙂

 
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15 June

TV Location Scout Needs This Austin Modern Home or Similar One for Series

Posted by Tom Bates

 

Austin TV Location Scout Needs This Modern HouseIf anyone knows what the address is of this Austin modern house and who the owner is, please let me know.  A location scout for a television series wants to maybe use this house for the TV series shot here in Austin.  The scout told me that the pool scaping and modern architecture is was was important and that this house was perfect, though we don’t know what the address is or who owns it.  If you know please let me know and I’ll put you in touch with this location scout…or if you have a house that will work with a modern courtyard pool like this one, let me know. (We get a handful of these requests each year, so if you want your house to be considered for TV or commercials looking for modern architecture location, let me know and I keep your address and contact information on the ready…which makes me wonder if being a modern homes location scout is a better a living than selling modern homes….hmmm.)

 
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