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RPT Blog

Monday, November 20, 2017   /   by Meagan Henry

Selling Real Estate: Potential Pitfalls of Appraisals

If you’re in the process of selling real estate, whether in Georgetown or elsewhere, odds are good you will need an appraisal. And, while it may seem like an innocuous step in the selling process, that one little document can have a major impact on your home’s sale, for better or worse. More often than not, you won’t see much (if any) impact from an appraisal when selling real estate—it’s primarily for the buyer and their lending company. However, there are a few instances where an appraisal can hurt or even halt the sale of your home. In those instances, it’s important to be working with a realtor who is willing to put the legwork in to help you—like The Russ Phillips Team, here in Georgetown—because there are ways to take a poor appraisal and turn it around.

 
Appraisals from The Seller’s Perspective
By and large, the appraisal process is there for the buyer and the buyer’s lender. Since the home itself is used as collateral for a mortgage, the lender needs to know the ...

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Monday, November 20, 2017   /   by Meagan Henry

To Buy or Not to Buy: Georgetown's Property Market Now

Georgetown Real Estate Insider's Report:  Are we getting "fake news" about the Austin area real estate market?

 

If you've read or watched practically any local news reports lately, you've heard that the Austin area is a "red hot" real estate market with a shortage of inventory. There are countless stories that short inventory means sellers are commonly receiving multiple offers, selling above the asking price on their homes for sale, and on and on.

 

Here's the REAL story as it relates to Georgetown, Texas real estate property search, buying, and selling right now. It's about supply and demand, and the devil is in the details. (Plus, there's a conclusion about what kind of buyer benefits the most under current market conditions. I'll get to that in a second.)

 

As of the writing of this blog, at the beginning of July in Georgetown, Texas there are 659 active listings looking for a buyer, and 260 listings that are under contract with a buyer. This ...

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Monday, November 20, 2017   /   by Meagan Henry

Life is Better With Your Own Personal Assistant

Summer in Central Texas is undoubtedly a mixed blessing. The kids are home from school, and activities have families hopping, swimming pools splashing, and temperatures rising. However, so many miss out on the chance to enjoy those moments with their families and friends because of all the other responsibilities that crop up daily. What would life be like if you could delegate some of the time draining, mundane, or challenging tasks to your own personal assistant?
Introducing The Russ Phillips Team Personal Assistant Program
We know the biggest need our clients have is finding the time to check off all the ‘to-dos’ on your list. So, we are gifting our clients and friends with a brand new perk that is exclusively available to Russ Phillips Team VIPs. If you’ve gone through the property search or selling process with us at any point, you’re already part of the Russ Phillips Team family—enjoy the perks that brings!
What it is:
If you’ve not requested your VIP Personal Assistant C ...

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Monday, November 20, 2017   /   by Meagan Henry

Before You List: Home Renovations That Sell

Put down that sledgehammer! If you’re preparing to undertake major home renovations in order to sell your home, stop for just a minute and reassess. Any avid HGTV fan can tell you just how frequently the channel’s professionals suggest sizable renovations as a way to increase home values before putting the property on the market. But where is the line between renovations that increase your property’s value and those that won’t earn you much extra equity? If you’re not a professional home flipper or real estate guru, that can be a hard line to find. Before you dive into home renovations and selling real estate in Georgetown, take a moment to ensure the renovations you’re thinking about will actually help your home.

 
Is It Necessary?
Before you dive into painting, replacing counters, or any more aesthetically-based projects around your home, it’s important to ensure your home is in good repair. It may not be the most exciting way to spend your renovation budget, but if yo ...

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Monday, November 20, 2017   /   by Meagan Henry

Selling Your Home? The Realtor Matters

Selling real estate is hardly as simple as taking a few pictures with your cell phone and posting a listing online. Admittedly, that is one way to go about it, but that process will likely be long, painful, and odds are good you’ll walk away with less than your home is worth. Now, that may be a bit hyperbolic, but not by much. Choosing a realtor to help you sell your home can have a major impact on how quickly your home sells, but most importantly, also on the bottom line. Particularly when you’re looking to upgrade to a larger home or downsize and retire - and those two scenarios are a majority of the reasons to sell a home - every cent can make a big difference, so don’t settle for the first realtor you find.
The Selling Process
In order to get the most return on your investment by making the most on your home’s sale price, listing your home should go beyond the basics--creating a listing and attaching a few photos. First, you should take care of all those little fixes you’ve ...

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Based on information from the Austin Board of REALTORS (alternatively, from ACTRIS) for the period through 2019.® IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data last updated: November 13, 2019 Texas law requires all real estate licensees to provide this link to Information About Brokerage Services:www.trec.state.tx.us/pdf/contracts/op-k.pdf
mls-CTXMLS.jpg IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.