Hello to all, For those on the fence about the rise in mortgage rates, I offer a ray of sunshine! I have written in previous postings that the rates are still very low historically. In fact, the average rate for the last 20 years is a whopping 6.3%! With the news that the Federal Reserve [...]
To go along with our recent post on the latest Austin area market statistics released today from the Austin Board of Realtors, http://787-realty.com/2013/09/august-2013-mls-stats/ , here is a link to a great article from the New York Times. This article gives more market stats from across the country. Not only are sales up and inventory down in [...]
Home sales in Austin keep rising and days on the market keep dropping. If you’ve been considering selling your home, now is the time to act! Contact a 787 Realty agent today to get more information. Austin-area Home Sales Rise 30 percent in August; Market Doubles in Size Since 2010 Austin Board of REALTORS® Releases [...]
At the end of 2013 the offer from the federal government for a tax credit on energy efficiency updates to your home comes to an end. Claim them while you still can! The link below gives more details on this program. http://www.inman.com/2013/09/13/claim-energy-efficiency-tax-credit-for-homeowners-before-its-gone/
When financing a home purchase, an appraisal must be ordered by the lender. Occasionally, the appraisal comes in too low and we must justify the higher sales prices to the banks. The link below from the New York Times outlines the what, why and how of low appraisals and the options available to buyers when [...]
