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Real Estate | RPT Blog

Thursday, June 2, 2022   /   by Kathryn Jones

National Homeownership Month 2022: Top Tips For 1st Time Home Buyers

Did you know that first-time homebuyers make up 31% of the current market? June is National Homeownership Month so we wanted to take this time to help our first time home buyers out there! The home-buying process can be hard and perplexing, especially if this is your first time. If you're looking to buy a home in 2022, check out the following tips to remain on track and achieve your real estate goals. 
1. Set A Budget
Examine your finances thoroughly, including your monthly income and obligations, to determine how much house you can afford.
Following are some general recommendations to keep in mind:

If you’re debt-free: You can consider houses that are up to 5x's your total household income.
If less than 20% of your income goes to pay down debt: You can shop for a home that is no more than 4x's your income.
If more than 20% of your monthly income goes to pay down debts: Shop for houses that are 3x's your income or less.

To make it easier to calculate how much yo ...

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  real estate, buyer, economy

Monday, April 25, 2022   /   by Kathryn Jones

What You Need To Know About Appraisals | Russ Phillips & Nick Pronsky of Legacy Mutual Mortgage

Our very own President, Russ Phillips teamed up with Legacy Mutual Mortgage's Nick Pronsky again to talk what to do when there's multiple offers on the table. Nick has an extensive knowledge and understanding of the industry after spending time in underwriting, processing, and origination, both in wholesale and in retail. Nick really found his calling when he moved to Austin and became a full-time loan originator, where his knowledge of mortgage underwriting guidelines and his commitment to providing excellent customer service helped him grow his business through a trusted network of referral sources. He is very accessible and straightforward with all of his clients, he always works diligently to make sure clients are comfortable throughout the process of obtaining a home loan, and his goal is to provide each homebuyer with the best possible loan program and terms to fit his/her individual financial goals.Nick has been voted by industry peers as a Top 10 Mortgage Profession ...

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  market update, real estate, seller, buyer, economy, property taxes

Friday, April 22, 2022   /   by Kathryn Jones

Learn How To Lower Your 2022 Property Taxes

Opening your annual property tax bill is typically frustrating. It always seems too high, and most homeowners just pay it without realizing they can lower it. You pay enough in government taxes. Don't give up more than you have to.
Sometimes homeowners don't protest because they don't know they can or don't know how. And then there are those who don't think a small reduction is worth their efforts.
Using a tool like Home Tax Shield helps you easily decipher what you actually owe in property taxes, putting money back in your pocket. Home Tax Shield works on your behalf to save you as much as possible on your property tax bill. All you have to do is give them a little information upfront, then they take care of the rest. It’s also guaranteed every year.
Don’t leave money on the table! Check out Home Tax Shield and let The Russ Phillips Team know if you have any questions or need more assistance.
PS: I sourced this extremely informative video below that discusses a mor ...

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  market update, real estate, economy, property taxes

Friday, March 4, 2022   /   by Kathryn Jones

Bell County Market Update: What Our Current Texas Buyers Need

Bell County is currently a sellers market, meaning that there are more people looking to buy than there are homes available. The median listing home price in Bell County, TX was $249.5K in January 2022, trending up 21.7% year-over-year. The median listing home price per square foot is also $131. This means that if you have a great piece of property, with or without a home, it's a great time to sell (& we have clients looking exactly in this area!)
As many of you know from reading our President, Russ Phillips’ most recent blog post, “A Note From Russ On His 20th Real Estate Anniversary: Inflation, Supply vs. Demand, Beating of War Drums & More,” real estate inventory is low right now. Really low. Check out this snippet from Russ’ realty wisdom to get a better viewpoint on the current marketing inventory:

“A neutral/balanced market between buyers and sellers is thought to be enough homes on the market that it would take SIX months to sell all; ...

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  seller, buyer, market update, real estate

Friday, March 4, 2022   /   by Kathryn Jones

Williamson County Market Update: What Buyers Are Looking For

As many of you know from reading our President, Russ Phillips’ most recent blog post, “A Note From Russ On His 20th Real Estate Anniversary: Inflation, Supply vs. Demand, Beating of War Drums & More,” real estate inventory is low right now. Really low. Check out this snippet from Russ’ realty wisdom to get a better viewpoint on the current marketing inventory:

“A neutral/balanced market between buyers and sellers is thought to be enough homes on the market that it would take SIX months to sell all available inventory (if the pace of sales remained constant and no new listings were added).   

But we don't have 6 months' worth of homes to buy. The current supply across many price points and regions is below 1/2 a month. There are niches (like 1-3 acre lots with custom homes in West Georgetown for example) where literally the cheapest available home fitting this criteria is $1.1 million, and the SECOND CHEAPEST is $3.3 million. Everythin; ...

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  seller, buyer, market update, real estate