Austin is a unique beast in itself, and many property owners have an overly inflated perception of their property's value.When I flipped a property in Austin, I sourced it through a New Western agent.

Which means, if you’ve structured your taxes as losses for the last two years odds of qualifying are slim.

There are excellent deals available this time of year, but the inflated prices of small multifamily properties can make finding a good deal challenging.

Compare that number to the odds of being struck by lightning, and then act accordingly. 

Just seems odd why they wouldn't flip them all...

Another odd thing was the same buyer added a second option of a cash purchase that was close to half the asking price.

I don't think it would make any headlines even if all those loans were called tomorrow, and with foreclosure rates being as low as they are, the banks could probably resell those properties quickly at higher interest rates, pocket new closing costs, get low interest loans making less than inflation off the books, etc.

Good contractors will inflate the bid to accommodate for all those unknowns, assuming they will be coming.  

Legal and ethical implications: Agents engaging in such practices may face:Legal consequencesLicensing penaltiesEthical violationsThese actions ultimately harm consumers by restricting options and potentially inflating costs.The new system, allowing buyers and their agents to negotiate commissions directly, promotes transparency and fair competition.

For the 10 year period spanning November 2014-2024, single-family prices in Austin nearly doubled, yielding an annualized appreciation rate of ~9% in that period.With inflation nearing its 2% target and signs of a slowing labor market, The Federal Reserve recently made its third cut to the federal funds rate since the start of the COVID pandemic.