All Forum Posts by: Nick Anderson

@Andrew Kennedy It's great that you can realize this challenge and want to work to a resolution rather than ignore it, that's half the battle! I've had a similar challenge with my wife. The two pieces of advice i would give you to consider are these:

1.) Add "the 5 love languages" book to the top of your list to read. Disclaimer, it's not a RE book, but I think it will give you a different perspective on how to get someone you care about to see what you see. :) 

2.) Consider the idea that it's OK if Real Estate will NEVER be her thing. People have different interests. Focus on accepting this might be your passion, and not hers. That will allow you to then focus on ways she CAN support your dreams.

It's all a mindset. You're on the right track. Good luck!

@Laura Myers

Thanks for your input! She was able to find housing thru local Lahaina church with some roommates for $1200 for a room and private bath in house. Not terrible actually!

@Rick Pozos

Thanks for your input! I agree and understand that most markets 2.5 weeks is nothing. But in a market that has seen 90% of homes list on Thursday and contract that Sunday, for 3+ years, a change in this pace almost overnight is hard to adjust to!

@Ryan Kelly

Thanks Ryan, I appreciate your insight and input here. My thought process is similar in that things will settle out and next spring will be more active again, but trying to figure out if it’s a better move to pull the home and rent it until next spring or further down the road.

We are listed 5% lower than 2 comps list price that were pending when deciding on where to price. Good hose comps just closed last week at their list price, so we are also 5% under their closing prices.

@Nicholas L.

3 comps of same sq footage and in same neighborhood same updates went under contract and closed within this time with multiple offers.

Has anyone in the Austin market noticed a complete pause in the market the last 2.5 weeks? Context: My wife and I listed our primary for sale mid-june. As objectively as possible, if we had listed it 4 weeks prior, we'd have had 30 showings and multiple offers. It is priced well under the most recently closed comparables in neighborhood.

We have only had a handful of showings and no offers 12 days into listing. Obvious that there has been a significant shift in this market, at least at this price point ($600K-$700K) but do you local folks think this market will bounce back? We are considering putting a renter in the home in hopes for a stronger market next spring...after every media hub stops printing the same one study about Austin being overvalued. 

Looking for any anecdotal input here, am I crazy or has this shift hit Austin harder than anywhere? Do we just need to be more patient? Thanks for any input!

Laura,

Thank you for your input, much appreciated! She is working through some of the facebook groups now. I'm sure something will pop up at some point that works out, sounds like it just takes some persistence. In my limited search for her, it seems like more than half of the advertisements are scams. Crazy! Thanks again.

BP - looking for some advice. My sister is moving to Maui to teach elementary Ed in Lahaina.

Her and I are different, in that she doesn’t have a selfish bone in her body. She doesn’t worry about money and gives away everything she has. Inspiring, really!

To my question, trying to figure out how to help her find a place to stay, in a teachers salary, in one of the most expensive markets in the world. Any locals or investors have any ideas on where she might be able to find safe, affordable, space to live? Mahalo!!

@Bryan Noth Good info, thanks for sharing! I'm a little confused as to which parts of this data indicate that there is a dampening effect in this market, and the scale of these offers is decreasing, and how this suggests a relief for buyers is here? 

I agree that there is likely a dampening effect (even if minuscule) coming, but I don't see this data pointing that way yet.

@Tim Inman Following this post. I've found that one or a few properties that I have are actually pretty easy to self-manage. And renting them in this market is easy as it will ever be. (Especially Minnetonka)

I go into self-managing with the perspective that there WILL be tenant complaints/problems, and that is normal as can be. This helps me enjoy the management part a little bit more, and just look at it like there will be problems coming that I get to help solve. (I also may just be weird in the sense that I'm one of a few who enjoy this side of the process)

Good luck!