The hot Austin housing market is changing in 2023. With home prices and inflation skyrocketing, we’re seeing more homes for sale and choosier buyers. This is where selling your home outside of the traditional market may be the answer you’ve been looking for.
From real estate trends to the benefits of using home buying companies, we’ll go over everything you need to know about selling your home in 2023. Let’s jump in and get your home sold quickly.
Austin Real Estate Trends
It’s no secret that Austin has been one of the hottest real estate markets for several years now. With the boom in jobs, young professionals, culture, and new construction, Austin has been the place to live in recent years. With high housing prices and inflation, however, buying a home hasn’t been easy for many new home buyers.
This has led to many homes for sale sitting on the market. Homes previously were selling sight unseen or within days of being listed. This is why today’s Austin housing market has become much more buyer friendly.
As a homeowner looking to sell your house quickly, you may be nervous about listing your home for sale on the traditional market. If you’re seeing your neighbor’s house sitting unsold for months, it’s important to know that you have other options.
Selling a Home in Today’s Austin Housing Market
Selling a home in today’s Austin housing market can be tough on the traditional market. For one, buyers are picky. They are faced with high prices, inflation, and higher interest rates. This means they are being cautious with their money.
Where some buyers would buy ugly houses and fix them up for a profit, it isn’t always feasible with today’s costs. New construction is still very expensive, and interest rates are making payments unaffordable for many.
Selling a home traditionally is tough in today’s Austin market. This is where selling your home quickly to a cash buyer could be the answer. There are no picky buyers, lenders, or hassles to deal with.
Should You Sell Your Home in 2023?
In a buyer’s market, it’s common to wonder if you should sell your home. If you’re struggling financially, missing payments, going through a divorce, or moving out of the area, however, selling could be the lifeline you need.
While there’s no right or wrong answer for everyone, you’ll want to take a look at your finances before considering staying. A quick cash close could give you financial freedom, more money in your pocket, and a chance to start over.
If you’ve inherited a house or taken over a house from a relative or elderly parent, you’ve also inherited a lot of work. Selling could give you a huge weight lifted off your shoulders. With the cost of living and interest rates going up, housing prices could take a dip in years to come, and waiting could cost you.
The Many Benefits of a Home Buying Company
A home buying company comes with several advantages. To start, there’s no need to go through all the work of listing your home on the traditional market. You aren’t staging, cleaning, or repairing your home to show.
Selling a home traditionally means fixing up your home, cleaning, re-painting, removing clutter, and more. You’ll want your home to show well in glossy real estate photos and have great curb appeal to buyers. If your home isn’t in the best condition, this is a lot of work, time, and money.
Selling traditionally in today’s market also means buyers with more options to look at. They also are facing high prices, higher mortgage payments, and inflation uncertainty. This could lead to longer closings and stiffer bank requirements. All of this increases the chances of your deal falling through.
With a cash buyer, your home sells quickly and you receive cash in your pocket. There’s no waiting for lenders or for the perfect buyer. No need to stage your home or make any improvements.
Home Pricing and Selling My House
Pricing your home on the traditional market is tricky in times like this. While you want to be competitive, you also don’t want your house to sit on the market for months. You’ll constantly be hosting showings and open houses and having people in and out of your home.
Pricing too high will cause your home to sit and you won’t see any profits for months on end. Making repairs to help your home sell faster is often out of reach financially. When you need cash quickly or you need to liquidate, selling to a cash buyer is a great option.
With a cash home buying company, you’re only dealing with professionals. They will determine what your home is worth and make you a fast offer. There’s no waiting for banks or buyers.
Let’s Sell My House Quickly
From the inventory to the economy, the Austin housing market in 2023 is a tricky one. If you’re looking to sell your home quickly, you’ve come to the right place. We buy houses.
With a professional cash buying company, there’s no stress, no listing your home with a real estate agent, or waiting around involved. You’ll have cash in your pocket and a huge weight lifted off your shoulders. To learn more and to see what your home is worth, fill out the contact form here.