A Few Things to Think About When Beginning Your New Home Search
Proximity to Nature Trails
Are you active? Do you enjoy lacing up and hitting the trails after work? Do you have a dog with boundless energy? If you answered yes to any of these questions, your daily happiness factor may increase if you are close to hike & bike trails. Many master planned communities are including miles of trails within the community, but if not, you will want to be close to one of the many green belts we have in Austin. Here is a link to some of the places to run, walk, hike, bike in and around Austin alltrails.com
Even if you do not have school-aged children, the schools and school district are important for resale value. When you are anxious and excited about purchasing a new home, you may not necessarily be thinking about selling it in the future, but taking a moment to consider how a future buyer (who may have children in school) will consider your property, is important. On the same token, just because a school may not have the best rating, does not mean it will not see an improvement in the coming years, and certainly doesn’t mean your child wont have a good experience. So much about education is home life, and the relationship your child develops with his or her teachers and peers. School ratings can and should be considered, but don’t always need to be a deciding factor.
Move-in Ready vs. Fixer Upper
Depending on the type of financing you will be using, you may be approved to purchase a home that needs a little fixing up. How much fixing up? We see it all here – sometimes just new flooring and fresh paint and maybe some upgraded countertops, sometimes walls have been punched and electrical sockets are hanging out of the wall. It’s up to you regarding what your mortgage company will approve, or how much of an investment of your time and dollars you’re interested in.
Time of Year
The majority of people move between May and September; school is out for the summer, so any families looking to make a change will generally make it happen when the kiddos are out of school. With that being said, May to September is the most competitive time to be a buyer. In our Austin market, there are multiple offer situations all year long, but it is exacerbated during the summer months. If you can help it at all, aim to begin putting offers in during the winter – September through March of the following year. On the flip side, more people also put their homes on the market during the summer, so there may be a wider variety of properties to purchase. The moral of the story is: anytime of year is great, just make sure you have a good REALTOR® to navigate you through the process.
Preparing for Multiple Offers
Mentally prepare for the fact that there will likely be more than just your offer submitted on a home. This is ok, this has come to be “normal,” and this can be overcome. If you expect to go through 4, 5, 6 or more offers before finally getting your new home under contract, you will not go through the roller coaster of emotion that is likely to ensue. Just stay mentally steady, let your REALTOR® guide you through the offer process, and get excited about getting really good at signing paperwork really quickly.