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Our mission at Culhane Premier Properties is to be your best resource for real estate advice. Whether you are a buyer, seller, or investor, our team of professionals can answer any questions you might have about real estate. Subscribe to this blog to get the latest news on local market trends and receive expert tips for buying or selling a home.

Tuesday, July 25, 2017

Some of the Best Lakefront Properties in Texas

Lakefront properties are a passion of ours. Here are a few that we just listed on the market.

We have a passion for helping people buy and sell waterfront property here in Central Texas. We’ve got four amazing properties on the shores of Lake Travis and Lake Austin that we’d like to talk to you about today. We also want to talk about where home values are going, what trends we are seeing in the real estate market, and what’s changed in the last few years. 

The first property is located at 17216 Northlake Hills Dr. in Jonestown. It’s located within the gated community of Northlake Hills and is just a quick 20-minute drive to the new Whole Foods in Cedar Park. This home is just over 10,000 square feet with eight bedrooms, 10 bathrooms, multiple pools, a detached guest house, and an income-producing 22-slip marina.

The second one is also located in Jonestown in The Hollows, one of the top communities in Lake Travis and one of the best marinas on the lake. This home is located at 17607 Breakwater Drive. If you want an 11,000 sq. ft. home with one of the best views of the lake, this is it.

"Some of the best views on the lake."

The third property we have is at 21902 Briarcliff Drive in Spicewood, where some of the best water on Lake Travis is. There is a main house with three bedrooms and a guest quarters with one bedroom and a full kitchen and bath. This is great for short-term rentals or guests. Right now, the owner is leasing this property out for $16,000 in the month of July.

Last but not least is 13240 Shore Vista. It sits just under three acres and just over 7,000 square feet. It’s located in an area with some of the most private water and private estates on Lake Austin.

Values can vary immensely, depending on the lake and the area within the lake that we are talking about. When the drought came in 2011, the levels of Lake Travis dropped significantly. People started shifting their purchases more towards Lake Austin. We saw a low point for values in 2014, but they have since recovered. There has been a slight dip in values in both lakes in 2017, so we’re keeping a close eye on that.

If you have any questions for us about any of these properties or want to know anything else about this kind of real estate, give us a call or send us an email. We look forward to hearing from you soon.

Monday, June 26, 2017

5 Things You’re Doing to Sabotage Your Listing

Seeing a home sit on the market can be frustrating, but there are a few ways to help get it moving. Here are five tips that could make the difference in selling your home.

Seeing a home sit on the market for too long can be a frustrating and confusing ordeal. 

As a seller, there a few key things to check when you notice that your home isn’t moving as quickly as you’d like it to. 

First of all, you want to look at the price for which you’re listing the home. Both over- and underpricing your home can have undesirable effects. When it comes to overpricing, the result could be that your home will receive fewer showings, sit longer on the market, and may compromise your final sales price.

At the same time, underpricing your home may leave you with less money than your home is worth. 

Luckily, there are a number of things we can do to help to help you maximize your return. 

If your price isn’t the problem, consider taking a look at the condition of your home and how, or if, you have it staged for potential homebuyers. Homebuyers want to see a clean, uncluttered home with good curb appeal when they turn up for showings. Staging your home is one of the best ways to make it look its best in showings and photos alike. 

In our highly digital age, listing your home is a much different experience than it once was. This brings us to our next point, which is marketing. Is online content about your home accurate? Is it painting a good picture for potential buyers? Proper marketing is one of the best ways to generate demand for your property. 

"Even if your home is otherwise perfect, it simply won’t sell if it can’t be shown."

Another factor that can impact the amount of time a home spends on the market is convenience and showability. Having your agent readily available to show your home is extremely important to ensuring that potential buyers don’t feel hassled by the experience of visiting the property. Even if your home is otherwise perfect, it simply won’t sell if it can’t be shown. 

The last thing that can help to move a home off the market is style and finish. For example, if all the other homes in the area come equipped with certain updates, like granite countertops, but yours does not, buyers may overlook your home in lieu of a more recently renovated property.

If you want more information, have questions, or have any real estate needs in our Central Texas area, feel free to get in touch by sending me an email or giving me a call. I look forward to hearing from you.

Monday, March 6, 2017

The Key to Pricing Your Austin Home for the Highest Net Profit

You've probably heard that old real estate myth that when you sell your house, you should price it above market value to 'leave room for negotiation.' I have two examples today that show why that's a terrible idea.

When homeowners sell their house, one of the most common questions they have for real estate agents is how to price it properly to sell. I think many people believe the myth that in order to sell something, you need to elevate the price to 'leave room for negotiation.' It sounds logical on the surface, but it can actually be one of the worst things you can do.

When we help people sell their house, we analyze what's currently active on the market, home sales that are pending, and recent sales to give them a number or range for the current market value of their property. That's the first step. The second step is to determine the marketing and pricing strategies.

Consider West Lake and Lakeway as an example.

In Lakeway between the $1 million and $2 million price points, there have been 38 properties that sold in the last 365 days. Of those 38 homes, 17 elevated their price to leave room for negotiation and sold for an average of $1.358 million. The other 21 sellers were more aggressive with their pricing and averaged $1.329 million, which is $29,000 less.

Remember, the value of the property and the pricing of the property are two very different conversations. Just by elevating their price, those 17 sellers netted almost $30,000 more on average.

In West Lake, we can look at homes in the same price range and see that the sellers who priced their homes aggressively made $125,000 more on average than those who elevated the price of their home to leave room for negotiation. This is just a small example of what we see all around the Austin area.

In West Lake, sellers who priced aggressively netted $125,000 more on average last year.

As part of the selling process, we'll help you make sure you price your home well to maximize your bottom line. It's something we enjoy doing, and we know that the numbers don't lie. We even use special software that helps us analyze pricing to help you find the best price for your home. To boot, we've added a third office in San Antonio to help serve you at an even higher level.

If you have any questions about pricing your house to sell or you're thinking about buying a home in the Austin or San Antonio area, give us a call or send us an email. We'd be happy to help you.