Courtney Oldham
- Broker Associate, Oldham Group
- 512.809.5495
- 512.575.3644
- [email protected]
🙏🏠 Three Real Estate Sins, Now Forgiven 🏠🙏
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When the market turns this sharply, there are a multitude of typical real estate sins that can be forgiven! Experts say the US housing shortage is far from over -US inventory levels were at 1 million units in January 2020 and are now less than half of that, sitting a little over 400,000 in January 2022.
In this deep seller’s market, these 3 real estate sins are now forgiven, maybe even rewarded!
1. PRICING TOO HIGH
In a more normal market, pricing your home too high was a cardinal real estate sin, often backfiring on over-confident sellers. Their big-ticket homes would unintentionally make the competition look more attractive. I still believe that pricing way out in front of the market could have negative consequences, but with so few homes to choose from, buyers can’t be choosy! Today an over-priced home will still sell but it might take more than one weekend!
2. BEING HOUSE POOR
I used to caution home buyers about being house poor. I personally didn’t want our buyer clients burdened with a large house payment, something that made it hard to afford other aspects of life. However, in this market, I’m urging buyers to utilize ALL their purchasing power. Values are going up quickly so the more house you can buy, the more equity you’ll have. Interest rates are also ticking up so buy the most you can NOW!
3. INSTALLING POOLS
Before the pandemic, pools and outdoor living spaces were a requirement in the luxury price points, but their value didn’t always translate into a monetary advantage. I told clients to install them if they would enjoy them, but not to expect a dollar for dollar return on the investment. That has completely changed! Today I’m seeing homes with pools command top dollar in all price points. Home is now a sanctuary and EVERY amenity counts in terms of personal enjoyment AND resale (and rental) values!
THANK YOU to our clients! Your business, referrals and continued trust make this possible. We are honored to be nominated.
If you’re in the Austin area, your home is worth more than ever! With life-changing money within reach, you might be thinking about your next step. Where would I go? Would we sell? Should we lease? Can we refinance? Should we buy investment property? How do we buy land? My days are filled with these conversations…let’s sit down and talk about your next steps! Make an appointment or Call 512-809-5495
Under Contract
Ladera Hill Ranchette
| 13+ Acres | 2700 SF | Caista | Views
SOLD OUT
CONGRATULATIONS
Haven at Terravista
Sold
1009 Lonesome Lilly Way
3473 SF | 5 BD | 3.5 BA | $560,000
Coming Soon
800 Embassy #216 | Tyndall
864 SF | 1 BD + Study | $475,000
Sold
East Austin | Redevelopment Lot
.3588 Acres | Buyer Representation
5 Things I’m Loving ❤️ this Week
HOWLER HACIENDA
1009 W Lynn St, Austin, TX 78703
NOW OPEN – Howler Brother’s new retail location on West Lynn opened last night! It’s called Howler Hacienda and has an expanded retail footprint to bring you more awesome goods and Howler vibe. Check it out and then grab a drink at Jeffrey’s. MORE
FORT LONESOME & CLAIRE SOMMERS
I love Fort Lonesome…such a cool Austin vibe! Fort Lonesome has teamed up with their favorite jewelry maker and studio neighbor, Claire Sommers Buck, to bring you the new CSB x FtL Dreamland Bolo Tie! Each piece is carefully hand-crafted just feet away from the studio in Austin, Texas. #bolosareback SHOP
DRIFTWOOD GOLF AND RANCH CLUB
If you enjoy golf, the hill country and luxury, then I’ve got the place for you! The Driftwood Golf and Ranch Club is home to a gorgeous 18-hole, Tom Fazio-golf course. This is a Discovery Land Company project that is located just Southwest of Austin. The community will include the golf course, single-family luxury homes, a vineyard, community gardens, nature trails and small retail options. Call Courtney for an appointment.
ST. ELMO BREWING CO.
Introducing Southside Sessions! A celebration of Craft Beer & Live Music in South Austin. On Saturday, February 26th, eight breweries across South Austin will release their take on a hoppy session beer paired with LIVE local music. St. Elmo will be releasing a Classic American Pale and enjoying tunes from 1-4 by the world famous DJ Chiknbiskit! MORE
HALEY LEBEUF – JEWLERY DESIGN
Growing up in rural Texas, Haley Lebeuf found inspiration in the joyful and independent spirit of her family. In particular, her grandmother, who was an avid painted and traveler, would often return home with a treasure to share. These gifts are what first inspired her foray into the jewelry making world. BESTSELLERS
We’re having a blast shooting the American Dream TV highlighting the best places to live in the Austin! We cover the restaurants, entertainment, businesses, non-profits and people that make these neighborhoods special. Do you know someone we should feature??? Drop us a line!
Our Rodeo Austin Gala feature is in production…can’t wait to show it to you!
NEWSLETTER
MORE RESOURCES
OLDHAM GROUP PRESS:
Our latest mention in the Austin Business Journal
FULL ARTICLE
AUSTIN AREA MARKET STATS: For those who love a good spreadsheet, here are latest Austin market stats broken down by month and zip code. JANUARY STATS
ULTRA LUXURY REPORT: Enjoy this complimentary compilation of the most prestigious properties Compass has to offer. LUXURY REPORT
CELEBRITIES ON THE MOVE: Here is the latest in celebrity real estate transactions. CELEB
BUYER GUIDE: It’s not easy buying in a market with rising prices and limited inventory. We can help you through the process. BUYER GUIDE
SELLER GUIDE: How do you make sure you get the most money for your home? From pricing to marketing, we’ll customize a plan to ensure you get the most money for your home. SELLER GUIDE
© Compass 2024 | All Rights Reserved by Compass | Made in NYC
The information contained herein does not purport to be complete nor, necessarily, accurate and should be independently verified; nor does it represent or constitute a legal analysis or financial advice. All of the financial projections and/or conclusions are provided for illustration purposes only. Compass and its agents disclaim any and all liability for representations and warranties, express or implied, contained in, or for omissions from, the information contained herein or any other written or oral communication transmitted or made available to the recipient. This represents an estimated sale price for this property. It is not the same as an opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice.
A Few Oldham Group Specialties
The Oldham Group is a team of real estate agents affiliated with Compass. Compass is a licensed real estate broker and abides by all applicable Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.
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