It’s getting to be that time of year again...weather is starting to warm up, birds are returning to the area, the real estate market is starting to heat up, people are starting to talk about taxes…<record scratch>. What? Why would you bring up taxes you ask? Well, it’s because there are two certainties in life, death and taxes, and I don’t want to talk about death in this blog post. I’ll save that for another post.
So people are talking about taxes. What does that matter to you? Well, like a lot of people, you might be getting a tax return this year. How much will it be, what will you use it for? Well, that’s what I want to talk about. Have you thought about using it towards purchasing a home? “It won’t be enough to buy a home in Austin, have you seen the prices?” Trust me, I get it...Austin is expensive, however, if you can put down 3.5% on a home, I can get you in one. In fact, right now, for around $7600, I can put you in a brand new home. (that’s the used car salesman pitch)
The truth is, $7600 is a lot of money, but if you’re thinking about buying a home in the Austin area, that's probably the lowest amount you're going to be able to put down. On top of that, there are typically closing costs, inspections and other fees associated with buying a home. We can provide homes, within minutes of downtown Austin, where you’ll avoid a majority of those other fees and only have to pay the downpayment. If you can afford *$1626 a month, and *$7600 down, you can buy a 3 bedroom, 2 bath, 2 car garage home in Austin. Get a roommate and cut that number in half. Get two roommates and you could all be paying $523 a month...oh, and you’ll be building equity in the home by paying down the mortgage while property values increase over time.
Bottom line, renting in Austin isn’t getting any cheaper so if you’ve been debating buying a home, let’s get the process started by talking about options. No high pressure sales tactics or anything like that...just pure consultation.
Contact us today to start the conversation.
* $7600 down and $1626 a month are based on a $217,000 purchase price with 3.5% down and a 4.25% interest rate...these numbers can vary based on credit, debt to income, etc.