Audrey Smith Real Estate

A client recently asked me if it's a bad time to buy in Austin. Here is how I responded…

For starters, I have been getting this question a lot lately, and I understand why people are asking.

We’re currently seeing:
• Price drops all over
• Homes sitting for 60–90 days
• Sellers accepting massive discounts just to move on.

So, it’s easy to assume that it’s a bad time to buy.
But what if I told you I’m personally looking to buy in this market?
And investors are still making money right now. Both things are true - because the deals I've been seeing lately are wild.

We're also currently seeing:
• Buyers locking in 3.99% interest rates
• Sellers covering major repairs
• Homes selling tens or hundreds of thousands below list

Important to note: Not every home is a steal. The good ones still move fast, and some areas are not as affected as others. BUT, most sellers are anxious, and buyers have options — something we haven’t seen to this extent in a very long time.

You can shop around. You can negotiate. You don’t have to rush. You just need to know what a good deal looks like for you, and take the opportunity when it presents itself.

There’s a lot of buyer demand waiting on the sidelines. When rates drop even a little, or some other factor affects the market and moves the pendulum, it could get competitive again fast.

So no, I don’t think it’s a bad time to buy.
I think it’s a bad time to buy without a goal and a plan to achieve it.

If you’re trying to figure out what your best move is, book a buyer consultation with me today. Text Austin Buyer to 512-765-4304.

Live on the market ✨ Assumable VA loan at 4.625% 😵 This stunning home features 1864 Sq Ft of space with 3 bedrooms, primary on first floor, 2 and a half bathrooms, bonus upstairs living room, 2 car garage, covered outdoor patio with fully fenced yard, and so much more! Low HOA fees and a low tax rate keep more money in your pocket. Built in 2021, located in Wells Branch, and zoned to Round Rock ISD - the value in this property is unbeatable! Schedule a showing today 😊

2804 Mary Elizabeth Way 💖
Listed by Audrey Smith at Twelve Rivers Realty
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I hope you are having a wonderful week! 😍
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