Austin Housing - Buy Low And Win Big!

Shannon Mangin discusses Austin Housing - Buying Low and Winning Big.
The benefits of buying a home in Austin, Texas during the off-season (late fall and winter months), particularly around the holiday season. It highlights that home prices are typically lower during this period compared to the peak spring and summer months, and buyers can negotiate better deals, including discounts, closing cost coverage, and favorable interest rates. The video encourages viewers to take advantage of the current market conditions and lock in low rates before prices and interest rates potentially rise in the future due to the projected increase in demand and the Federal Reserve's plans to raise interest rates.
Highlights
🏠 Home prices in Austin are typically lower during the late fall and winter months, with the median price in Travis County only slightly dipping by around $500 compared to the previous month.
💰 Buyers can get deals that are around 10% less than what they would pay during the peak spring and summer months, when there is a higher demand and homes move faster.
🤝 During the off-season, buyers have more bargaining power and can negotiate for closing cost coverage, concessions, and favorable interest rates, such as a 4.85% rate for the first year.
🕰️ The video suggests that the best time to move is when it's right for the buyer's timeline, but if they are flexible, the holiday season is an excellent opportunity to take advantage of the slower market and get unbeatable deals.

[@timliao3701]

You're going to be wrong. The market will truly crash in 24

[@ManginTeamAustin]

Curious how low do you think prices will come down?

[@timliao3701]

@@ManginTeamAustin well in Austin you're going to see mass tech layoffs next year. Less demand for housing from tech, similar to declines in San Jose so far