A new study reveals that Austin is the second most overpriced housing market in the USA. With housing prices and mortgage rates going up, selling a home can become an uphill task for homeowners in the city. But is there a way to sell a house fast in Austin, TX? The following guide will help you understand Austin’s housing market and what you can do to close deals quickly.
Austin’s Real Estate Market Trends
The 2020 Coronavirus pandemic led to a drop in mortgage rates as there were not many buyers. Soon, the low rates triggered a quick demand for homes in the following year. The market favored sellers in 2021. But things have slowly started to turn upside down with rising inflation, interest rates, and housing prices. It may become difficult for homeowners to find potential buyers in 2022.
Choose the Best Selling Method
Unlike when selling a home was possible only through real estate agents, you can now try multiple options to strike the best deal, depending on your circumstances.
FSBO – For Sale by Owner is becoming popular as many homeowners in Austin can close deals without an agent’s assistance. With the availability of technology and advertisement options, it’s possible to find buyers who will pay you well for your home. However, the entire process can be overwhelming.
Cash Home Buyers in Austin – Cash home sales are becoming popular as it promises quick closing without any hassles. There is no need to make any repairs as you can sell it in any condition, even if it’s badly damaged.
iBuyer – This is a new phenomenon in home selling that makes the entire process instant and hassle-free. iBuyer is a real estate company that uses technology to close deals quickly. They’re different from house flippers as they buy homes in good condition. You can also trade in your homes through an iBuyer.
Real Estate Agents – Hire an experienced real estate agent in Austin who can help you with everything. They can take care of listing on the MLS, staging, negotiations, handling paperwork, and closing. However, you’ll need to pay a commission for the service offered by the agent.
Get Your Home Ready for the Sale
No one wants to buy a home that’s in bad shape. When a buyer enters your home, they must be able to imagine it as their home. Getting your home market-ready requires fixing major and minor repairs and renovations.
Bring a curb appeal by pruning the garden, keeping the walkway clean, and painting the exteriors. Make sure your kitchen, bedroom, and toilets are kept spotlessly clean. Declutter and depersonalize your home to make it look spacious and neutral.
Marketing Your Home
Marketing is an integral part of getting a buyer’s attention. If you choose to list it through an agent or use FSBO, take high-resolution photos of your home. You can also post videos to take your buyers on a virtual home tour.
If you’re using social media to sell your home, highlight the attractive features of your property with clear images and videos.
If you don’t want to go through any of these hassles and need to sell your home quickly, you can reach out to Home Sales Austin for a fair cash offer. We buy houses in Austin, TX, in less than a month.