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39% of all properties purchased in 2022 were bought by baby boomers. Some of these savvy buyers are using these creative methods to get it done!
1. Create a family limited partnership (FLP): Establishing an FLP allows you to retain control over a property while gradually transferring ownership to family members. This structure can provide asset protection, tax benefits, and flexibility in the transfer process.
2. Conduct a sale with seller financing: Instead of an outright transfer, you can sell the property to your heirs using seller financing, allowing the heirs to assume the mortgage payments, providing them with an opportunity to own the property while minimizing upfront costs. (Banking Rates).
3. Cash buyers commanded the largest share of the home sales market in 9 years. As the Spring market picked up and people who needed financing were foiled by rising interest rates, cash became King! Cash buyers represented 33.4% of transactions, far above levels hovering around 25% for most of the past 10 years. (Business Insider).
Let’s talk about using real estate as a vehicle for creating wealth for you and your family! Courtney 512-809-5495.
3408 Stratford Hills Lane
5 BD | 5 FB | 3 HB | 1.23 AC | $4,999,999
SOLD
Stunning sophistication in Stratford Mountain. This private estate is perfectly positioned on a generous 1.235-acre lot with views of Lake Austin from the spacious second floor balcony. Amazing attention to every detail – exquisite trim work, elegant iron details and resort-like outdoor spaces. Award-winning Eanes School district just minutes from downtown and Zilker Park.
Listed by: Courtney Oldham, Compass RE
502 E. Live Oak Street
4 BD | 4 FB | | 3,412 SF | $2,450,000
SOLD
Exceptional new construction that offers a perfect blend of modern design and upscale living in one of Austin’s most sought-after neighborhoods – Travis Heights! This luxurious home features top-of-the-line finishes, unparalleled craftsmanship, and an open floor plan that offers a seamless flow for elevated living.
Listed by: Courtney Oldham, Compass RE
2903 Pruett #D
2 BD | 1 FB | | 649 SF | $420,000
SOLD
Meticulously renovated condo nestled in Austin’s highly sought-after Deep Eddy neighborhood. Boasting a prime location and stylish upgrades throughout, this condo offers an unparalleled urban living experience. Step inside and be greeted by a sleek, contemporary open floor plan that seamlessly blends functionality and elegance.
Listed by: Courtney Oldham, Compass RE
2102 Falcon Hill Drive
3 BD | 2 BA | 1320 SF | $735,000
JUST LISTED
Incredible remodel! Custom-made cabinetry, floating shelves, energy-saving stainless-steel appliances, quartzite counter tops with waterfall edge and large island with tons of counter space! Spacious primary bedroom with walk-in closet and gorgeous spa-like bath!
Listed by: Courtney Oldham, Compass RE
Listed by: Courtney Oldham, Compass RE
You probably know Zilker Park’s Barton Springs, as an ideal location to cool off during the day from the summer heat. However, only hardcore swimmers and long-time locals seem to know how great it continues to be when the sun goes down. In fact, it is open every day till 10 PM. MORE
When it’s hot out, there’s no better sweet treat than a popsicle to cool you off. Except maybe… a popsicle with alcohol in it. Move over cocktails, these 18 pops are our new favorite way to get a cool down and chill out! Delish Article
Barton Springs, local swimming holes, great lakes, secret beaches there are many opportunities to get wet and wild here in Austin. Update your swimwear by shopping at one of these local boutiques for your summer swimmy. SHOP
Second Saturdays at the Blanton are proof enough that silver can be as good as gold. Once a month, this charming event takes place on the museum’s freshly updated outdoor area, the Moody Patio. There, you can enjoy hanging out, local food and music. WRISTBANDS
Knowing what your home is worth is important information to have if you are thinking of selling your home. Call Courtney 512-809-5495 for a current pricing analysis and a customized strategy for selling your property in today’s market.
© Compass 2023 | 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.
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.
© 2023 The Oldham Group
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