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Tips for
Buyers
- Understand
the key drivers for growth in a community when looking for an
investment property, including local employers and their
industries, highways and access to larger metropolitan areas,
and schools.
Timing the
Market...
- The ideal
leasing times in non-university areas are March - July. In
University areas, the key months are June and August. Purchases
45-50 days before these months will ensure closing on the
property and time to make ready for tenants.
-
Foreclosures are some of the best deals available, however they
typically require significant work to make them "lease-able" as
previous owners do not leave the home in the best shape.
-New Homes
have also become a popular investment as homebuilders are now
selling homes finished with blinds, appliances, etc. |
Tips for Sellers
- In Central
Texas, the most desirable time to sell a home is March through
July when the weather is nice and when most moves occur. In
addition, major employers in the Round Rock area will typically
pay bonuses in the late March time-frame, so more capital is in
the market for those looking to move.
- The new
college graduate market is significant in Central Texas, so home
sales are often correlated when 1-year leases are up -- which is
correlated with new college grads entering the job market
... typically June.
- With the high-tech industry in Austin, there are several
options available for promoting a house that is for sale. For
instance most area residents seek out certain websites to search
for homes.
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