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RPT Blog

Monday, November 20, 2017   /   by Meagan Henry

The Best Time of the Year to Buy or Sell in Williamson County

Summer in Central Texas gets hot. If you’ve lived here any time at all, you’re undoubtedly familiar with the summer temperature trends here in Georgetown and know a dozen different tricks to keep yourself cool. If the high temperatures regularly wear you down, well, you’re not alone in that. Keep that in mind as we tell you this next bit: fall is probably the best time of year to buy and sell here in Williamson County. In some parts of the country, cooler temperatures and inclement weather make the autumn a poor time to make real estate changes; in Central Texas, however, it’s the opposite. Fall is a fantastic time to both buy and sell. At The Russ Phillips Team, we take the time to carefully follow market trends and changes so we can offer you the most well-rounded knowledge possible for your property search. Here’s what we’ve found about both buying and selling this fall:

 
Real Estate Market Basics
First, we feel we should clarify something important. When we talk abou ...

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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

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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