So, we went touring houses in Austin over the last couple of months. We were looking to purchase a primary residence. Of course we used the resources on HouseHitz to find them and were often sending information to our Realtor on what houses we wanted to look at. We found a house that we just loved. We decided to put in a full price offer. We did ask the seller to pay some closing costs, but we actually increased the offer above the sellers asking price in order to cover it for them. Two days later, we got: “We got a stronger offer.” We were stunned.
But, hey, it happens, right?
So, we started again. We were getting good at finding houses that came available. Our Realtor was even finding out about some before they came on the market. We would drive through neighborhoods we liked and we would find houses that weren’t listed anywhere. Just had a Realtor’s sign “Coming Soon”.
We would walk into one of these houses that aren’t technically on the market yet and say to our Realtor, oooh, we like this one. He would get on the phone and often would come back to us with “They have three offers already”.
We started checking with the listing Realtor before we would even go out to a house. “Any offers yet?” If the answer was yes, we would pass.
We got so discouraged that at one point, we put a contract on a brand new home in Pflugerville. If we couldn’t outbid them, we would buy a new one. However, that didn’t stop us from looking for a resale home. It did keep us sane though.
We did finally find the perfect house. It actually had everything on our wish list. Pool, superior backyard and patio for entertaining. Everything. We offered 3% over asking price. Not taking any chances. This offer was accepted.
Dang, the housing market in Austin Texas is HOT!