Although the idea of purchasing an Austin, Texas home may make you very nervous in this market, keep in mind that it may just be the perfect time to buy.
For the first time in many years we are now looking at a buyers market meaning that sellers are eager to sell. In the past, sellers had a variety of buyers to choose from and usually did not need to negotiate on the price or extend additional benefit. Today, sellers are courting buyers offering discounts, carpet allowances, and extending terms.
Another great incentive for investing in real estate is the 30-year mortgage rate. Rates are currently at historic lows. 30-year fixed rate mortgages are averaging around 6 percent and could go even lower.
This could be the best time to buy that perfect house for you and your family.
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As always, we hope you Let Us Show You the Fine Art of Austin Real Estate. Let one of our experienced, trained professionals assist you with your next real estate transaction. We’d be honored to be of service. "Friend" us on FaceBook, visit us online at www.FineAustinLiving.com or give us a call at 512.402.9800 today.
