When Shopping for Real Estate, Trust Your Own Judgement, and Trust Your Realtor!

When Shopping for Real Estate, Trust Your Own Judgement, and Trust Your Realtor!

Buyers are often afraid of making a mistake when purchasing a home. Consequently, they are ripe for misinformation. Contrary to popular belief, sellers, especially in Austin, TX, are not giving their homes away. So when your brother-in-law tells you that he would not offer any more than $200,000 on a property listed at $250,000, run away, quickly! While his motive is well-meaning, he is a plumber, or a high school teacher, or in some other totally unrelated field, not a Realtor. He has no expertise whatsoever in the real estate arena.

Now, your Realtor is a professional real estate consultant who studies the market and works with both sellers and buyers on a regular basis. Based upon these facts, who is better qualified to offer you advise? However, I can’t tell you how many times I’ve spoken with colleagues, who are trying to help their clients buy or sell a home at the right price, but they are up against the brother-in-law, the daughter, the father, the neighbor or some other person who knows little about real estate, attempting to refute the incorrect information they have implanted in the client’s head.

Dear buyers and sellers, I know you want to get the most value for your money, and we (Realtors) want that for you as well. Please let us help you by allowing us to share the market facts, not hearsay, with you. Please consider that, sometimes, your non-Realtor consultant is not telling you the whole truth about what they sold their home for or what they actually paid for the new one they bought. Oftentimes, they are trying to impress you with their sense of savvy or just plain bravado. Sometimes, they are just trying to help. But when they are wrong, you are often the one who loses the most—a really great property at a great price.

Your non-Realtor consultant is not the one who stands to lose anything. Opinions are a dime a dozen, and everybody’s got one. You wouldn’t ask your plumber to perform surgery on your body, and you most certainly wouldn’t ask your surgeon to replace your leaky toilet. When shopping for or selling real estate, trust your own judgement, and trust your Realtor.

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Welcome to Real Estate 101!

I, Clara Spriggs-Adams, utilize the latest technologies, market research and business strategies to exceed your expectations. More importantly, I listen to what you have to say and that means I find solutions that are tailored to your needs.

Let’s talk about the market. Rather than listening to the constant stream of doom and gloom in the daily media and becoming paralyzed with fear, I will provide you with the truth (facts) about what’s really happening in our local market. Markets are local. You wouldn’t decide who to dress for the day based on a national temperature forecast, would you? Then why would you believe a national real estate forecast?

While our local market is not fully recovered, we are soooo much better off than most of the rest of the country. Remember those facts I promised I’d always share with you? Well, here they are for the month of July 2010 (August is not in yet). According to the Austin Board of Realtors, there were 1,518 single family homes sold in our market, totaling $434,812,884. The average number of days on the market was 73, which is a 3% decrease from this same time period last year. The average sales price was $286,438, and the median sales price was $222,000, which is a 15% increase from 2009. As of the end of July, 11,260 homes had been sold since January 2010, totaling a whooping $2,843,689,087 in sales!

So, let me ask you the question I’m asked almost daily when people discover that I’m a Realtor: How’s the market? And the answer is, not as bad as most people think.

Interest rates are historically low, and prices are great. It couldn’t be a better time to buy than right now. If you’re ready to get into the best game in town, which is real estate, call me. Lord knows you’re not making anything on your other investments.

Until next time, blessings to all! 

 CSA

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