From the Austin American Statesman: Last week it was written, MLS Sales are down in April 18%. Today, it was reported that consumer confidence was the highest since September 2008. This seems to make no sense at all, but sometimes news like this is impacted by both regional and local economic factors. Like I wrote yesterday, I thought we would dodge the downturn bullet in Central Texas, bu ...

Last year at this time I thought that Central Texas and Georgetown, Texas could really dodge the "downturn bullet". But the reality in late June and July of 2008 really hit us hard. Yes, it had arrived. Not the type of guest you want to greet with open arms.

Ok, so we are in "it". I am seeing some additional foreclosurers, short sales, and some abandoned properties. It can be totally ...

Well our active listings in Georgetown, Texas are right at 700 units. We have been keeping stats on our market since 2000, and this is a new watermark high for our GTW and GTE markets. Sun City in Georgetown, Texas is at an all time high near 180 units this week.

Well, considering there are less buyers, it makes for a really tight selling market.

Homes must show better and be priced bett ...

Sellers, is your home "Right Priced"?

Right Priced is defined simply by selling the property within the first 30-day period. Well that could mean the 1st 30 days, or it could mean in the 1st 30 days "of coming to the reality that my house has been priced too high for X number of days and now it is priced to Sell!"

People ask me, "So how do you know?" Truthfully, sometimes we don't. P ...

Sellers, here is a good selling suggestion, "Don't miss this selling season market!"

Ok, so when is the selling season? Technically, all year in Georgetown, Texas. But statistically 70% of the market is consummated in the 2nd and 3rd quarters - the months of April - September. But guess what, these are closing dates! So if you are thinking about selling, it is time to really get with it ...

I have been working with lots of sellers in our Georgetown, Texas market and many are having a difficult time accepting the "real" image of the market. Many are in denial; they believe "their" home or property is different than all the rest. And it truly is; it is THEIR home, no one else's home. But that is pretty much the end of the difference.

Generally, our Georgetown, Texas activity(sold ...

Lots of people have been asking me, "When is it going to get back to normal?" Well, here in Georgetown, Texas and Williamson County, I think it is going to take a while.

#1. "Ok", you ask, "How long?" From my experience, it takes about a year to get "here", about a year staying "here", and about a year leaving "here".
#2. Define "here". The bottom. The slow-part. The slop. The "not pr ...

Wally Wilson earns prestigious designation to help homeowners in danger of foreclosure - Wally Wilson, Broker/Owner with RE/MAX Centx Assoc., LLC-The Wilson Company has earned the prestigious Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance and short sales. This is invaluable expertise to offer at a time when the area is rav ...

The time to buy is NOW!
or
Do Rates get Lower?

I could title this another, "We are at the Bottom". But really the value of the dollar relative to the monthly payment is extremely important. I will summarize this process in about 3 steps:

#1. Lets assume you can buy a $100K home for about $525 in monthly payments at 4.75% rate.

#2 Lets assume that next year rates go to 6%...then it now ...

Do I buy or do I lease right now?

Many are weighing this dilemma at present. One good thing, what a great place to be, right here in Georgetown, TX! Generally we have more properties on the market in our Georgetown, Texas market at present. And many of those sellers are deciding to lease their properties. So lease rates are at an all time low. Selling prices are at 5-year low. Rates ...