I considered listing as 'for sale by owner' to save on commissions, and even put up Rent2Own signs which did get a lot of interest in the first weekend.However, after looking at the refinance term sheet from that weekend, I decided to just cut my losses short and sell.

I thought Texas had some property tax cuts in 2023?

The real test will come when the Fed begins to cut rates, as indicated for later this year, making it a challenging market for both parties.”Clare Losey, ABoR’s housing economist, recently said, “From the buyer’s standpoint, there are a number of advantages and disadvantages…The biggest headwind to them are higher mortgage rates and the decline in purchasing power.”Here are the full stats for Austin and the greater metro:Here’s a chart showing the median sales price of a single-family home in the City of Austin for the first half of 2024:The median sales price for a single-family home in June 2024 was up roughly 16% from the beginning of the year.

When their vendors and employees want to get paid, they can't take a scissors and cut out a piece of the paper those assets are written on, and use that to pay them.Real profit is tangible, not virtual. 

My first suggestion is to only look out of state after you have "cut your teeth" closer to home where you can experience and learn from the process way more quickly. 

To do well, look at the home's state and prices of similar homes to get an edge.

Bigger check writers will not cut a $5M or $10M check if you do not have adequate funds.

So if you need to move, just cut the losses iMO

The city has recently stepped the abatement down so it's basically cut in half but all of these projects got in under the deadline and have the full 10 year abatement. 

Make sure there's no rent control and try to cover your a$$ before you buy so you're comfortable and cut out risks.