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Know your local market:

Austin, Texas

Austin, Texas, is home to nearly 1 million people. As the capital of the state, it has the fourth highest population in the state. Austin is in the Austin-Round Rock metropolitan area, which has seen dramatic growth since 2000. The city offers a diverse population, from students to blue-collar workers, to government employees. The city is renowned for live music performances, and the array of small businesses and local shops dot the community.

Austin lies on the borders of the Colorado River, just 3 hours northwest of Dallas and 3 hours south of Dallas. In addition to the Colorado River, the city has three artificial lakes. Austin is surrounded by rolling hills, clay flats, and an array of wildflowers that draw nature enthusiasts each year.

The city of Austin averages 35 inches of rain each year, which is about average compared to the rest of the United States. While the city sees plenty of rain, it rarely gets snow, with an average of 0 inches per year. Summer highs hover around 95 degrees Fahrenheit, while the winter temperatures average 38 degrees Fahrenheit. Austin is humid in the summer, with humidity hovering near 70% in the hottest months of the year.

Understanding the neighborhood where you’ll buy or sell a property is critical. The real estate industry has a well-known phrase: location, location, location. When you’re buying or selling a property, the one thing that can’t be changed is the location. You’ll want to choose wisely. If you’re selling your property, highlighting the benefits of your neighborhood is a great way to attract buyers. If you’re purchasing a house, a closer look at the community will help you understand the market and investment potential more clearly.

Need to sell your home fast? Get an offer from Brick, fast!

Whether you’re moving on a deadline or you just want to speed up the sales process so you can move on faster, we can help. We offer:

Fast, fair offers: The average home sits on the market between 25 and 30 days. Once your home is under contract, it can take up to 45 days to close. At Brick, we’ll make a fair, cash offer within days.

No closing costs: Selling a home can cost several thousand dollars when you factor in realtor fees, closing costs, and repairs. You won’t have any of those expenses when you sell to Brick.

No walkthroughs: Don’t worry about scheduling open houses or walkthroughs. We purchase homes as-is. We can even buy properties sight unseen. We also buy properties in any condition.

Close in days: Instead of waiting a month or more to finalize your sale and move on, sell to Brick. Once you accept the cash offer, we can close the deal within days.

Housing Market Trends in

The housing market in Austin, Texas, is somewhat competitive. More popular homes receive multiple offers and waived contingencies. The average home sells for about 2% over the asking price. The median sales price for a home in Austin is $644,000, and the average home stays on the market for 34 days.

Home sales are trending downward, with 39.6% fewer sales this year than in the same quarter in 2021. However, the median sales prices have increased. At this same time, in 2021, the median sales price for a home in Austin was $553,750, and the average home stayed on the market for 33 days.

Sales prices have seen a significant jump in the last five years. In July 2018, the median sales price for a home in Austin was $355,000, and homes stayed on the market for 22 days. Historically, the highest number of home sales occur between May and June, while January has the lowest number of sales.  

Tips for Selling Your Home Fast:

Significant life changes don’t always come at the most convenient times. Selling your home may be a desire, or it might be a necessity. Whether you’ve decided to start a new life across the country on a tight deadline or are just ready to ditch your investment properties, managing your sale the right way is essential. Check out these helpful articles for navigating the quick sale of your house:

Critical Tips for Selling Your Home:

Selling your home(s) can be difficult, but it doesn’t have to feel overwhelming. Taking a few minutes to prepare for the sales process can make a difference when it comes time to part with your house. Here are a few things to consider:

Why are you selling?

Before you list your house or contact us for a cash offer, it helps to know why you’re selling your home. Identifying the why helps with sales, including setting expectations for a sales price. It can also help you emotionally process the transaction to let go of your property.

Sellers offloading an inherited property, downsizing, going through retirement, or selling because of a divorce, should consider whether their emotional attachment could make the sales process more difficult. We’ve noticed that buyers who are overly passionate about the sale are more likely to:

  • Ignore staging advice
  • Overprice the home
  • Respond irrationally to lower offers or requests for repairs
  • Fail to market to their target audience

If you’re selling because you want to liquidate your investment properties, you may need to consciously withdraw the idea of control over what happens to the property once you sell.

What are your selling needs?

Once you’ve identified why you’re selling and identified ways to emotionally detach from the sales process, it’s time to think about your needs during the sales process. Which of these are concerns you have about your upcoming move?

  • Cost of relocation
  • Access to equity in your property
  • Ability to provide seller financing
  • Time to pack and move
  • Cost of realtor fees and closing costs
  • Cost of repairs
  • Finding a buyer to purchase the property as-is
  • Desire or ability to manage walkthroughs and appraisals

Many sellers spend as much as 10% of their sales price on repairs, fees, and closing costs. Are you comfortable or able to let go of that money to sell your home on the traditional market? If your home needs extensive repairs, you may need to pay for repairs or make concessions on the sale price. If you’d rather avoid appraisals and negotiating with buyers, selling your home for cash could be a better option.

Prepare for signing and closing

Signing and closing are the most anticipated parts of selling a house. This final step makes everything official. The process can vary depending on whether you sell your home through the traditional market or with an ibuyer.

If you sell your home on the traditional market, the sale can fall through at any point before closing. Complications with appraisal or funding could delay a sale. In worst-case scenarios, a deal could fall if a buyer isn’t approved for financing, or the lender refuses to fund the loan because the property appraises for less than the offered amount.

You’ll meet with the lender and the buyers during closing and sign paperwork to finalize the sale. Before the final paperwork, your property undergoes an appraisal and inspection. The agent will do a title search, and you’ll complete any repairs or other concessions. Once the closing paperwork is filed, and the title is transferred into the seller’s name, the home is no longer yours.

When you work with an ibuyer, the closing process is a little different. The process is much faster because there are fewer hoops to jump through. We offer more flexibility for sellers, including the ability to control when you move out. We don’t require inspections or appraisals, and you won’t have to worry about our financing falling through. We can help you sell your home in days instead of weeks.

What does Austin, Texas have to offer:

The state capital, Austin, is home to the University of Texas campus. In addition to being one of the largest cities in the state, Austin ranks in the top 11 largest cities in the United States. The city’s diverse population and access to other major cities make Austin a hub for many activities and adventures. Some of the most popular attractions around Austin include:

  • Texas Capital Building
  • Ziker Metropolitan Park
  • Blanton Museum of Art
  • McKinney Falls State Park
  • Bullock Texas State History Museum
  • Barton Springs Municipal Pool
  • Lady Bird Lake
  • Lady Bird Johnson Wildflower Center
  • Mount Bonnell
  • LBJ Presidential Library
  • Thinkery Children’s Museum
  • The Contemporary Austin Jones Center
  • Austin Zoo
  • Lake Austin
  • Mexic-Arte Museum
  • Circuit of the Americas
  • River Place Nature Trail
  • St. Edward’s Park

Recent Articles

Houston, Texas

Understanding the neighborhood where you’ll buy or sell a property is critical. The real estate industry has a well-known phrase: location, location, location. When you’re buying or selling a property, the one thing that can’t be changed is the location.

Dallas, Texas

The housing market in Dallas, Texas, is very competitive. Many homes receive multiple offers and waived contingencies. Dallas is a transportation hub with five significant interstates running through or around the city.

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When life closes a door, and you need to sell.

We buy homes at the speed of life. Request your offer today and lets build a solution that works for you.

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Further Reading

Tips for Avoiding Foreclosure

Avoiding foreclosure is often the best choice for a homeowner. Here are a few ways you can prevent losing your home to the bank:

Salt Lake County, Utah

Salt Lake County is the largest county in the state. It’s home to nearly 1.2 million people. It’s the only county in the state with more than 700,000 people. The state capital, Salt Lake City, is located within Salt Lake County.

Fayetteville, North Carolina

If you need to sell your property because you need cash fast, inherited a property, downsizing, going through retirement, or selling because of a divorce these are the key things to consider when selling in Fayetteville.

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