Is it time to SELL, SELL, SELL in Austin, TX

Real Estate Broker · Austin, TX · Member since 2016 · 834 posts · 449 votes

June 2020 Austin Home Sale Stats
Everything points to lower inventory, more sales and less days on market with an increased median sales price.
It's a good time to be a seller!

I personally will be trying to sell a couple of my rentals. I have been in sell mode for a couple of years now so this fits my investment strategy well.

#stackdrypowder
Get ready for investment opportunities

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Ronald RohdePro Member

Attorney · Dallas, TX · Member since 2016 · 5k+ posts · 2k+ votes

It just depends if you have something else to invest in, its really just opportunity cost...I usually stick with a double, if I double my equity, I'll sell. You'll never go broke banking a profit!

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Aaron Gordy
Real Estate Broker · Austin, TX · Member since 2012 · 1k+ posts · 1k+ votes
6y
@Danny Webber You know man, every time I end up selling I regret it. Case in point, I had bought a house off south 1st and cardinal 78704 for 100k and sold it a couple of years later for $160k thinking that I had made out like a bandit. That same property is worth around $600k now. Its been 10 years but I do regret selling it. I see the stats too and think lets sell but then I think about that house... Idk...tough call.
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Danny Webber
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Real Estate Broker · Austin, TX · Member since 2016 · 834 posts · 449 votes
6y
Originally posted by @Aaron Gordy:
@Danny Webber You know man, every time I end up selling I regret it. Case in point, I had bought a house off south 1st and cardinal 78704 for 100k and sold it a couple of years later for $160k thinking that I had made out like a bandit. That same property is worth around $600k now. Its been 10 years but I do regret selling it. I see the stats too and think lets sell but then I think about that house... Idk...tough call.

I do that all the time... it is sellers remorse
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Nathan W.
Austin, TX · Member since 2013 · 152 posts · 104 votes
6y
@Danny Webber If you have any interesting rentals that you are trying to unload let me know.
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Danny Webber
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Real Estate Broker · Austin, TX · Member since 2016 · 834 posts · 449 votes
6y
Originally posted by @Aaron Gordy:
@Danny Webber You know man, every time I end up selling I regret it. Case in point, I had bought a house off south 1st and cardinal 78704 for 100k and sold it a couple of years later for $160k thinking that I had made out like a bandit. That same property is worth around $600k now. Its been 10 years but I do regret selling it. I see the stats too and think lets sell but then I think about that house... Idk...tough call.

I do that all the time... it is sellers remorse
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Ronald RohdePro Member
Attorney · Dallas, TX · Member since 2016 · 5k+ posts · 2k+ votes
6y
It just depends if you have something else to invest in, its really just opportunity cost...I usually stick with a double, if I double my equity, I'll sell. You'll never go broke banking a profit!
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Brian Ploszay
Investor · Chicago, IL · Member since 2009 · 1k+ posts · 1k+ votes
6y
Austin has a trajectory upwards that is independent of some of the challenges we face today. Long term, it is good real estate. I would not sell. But if you were planning to liquidate portions of your portfolio, there are good arguments that now is a good time.
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Juan Pardo
Member since 2020 · 201 posts · 118 votes
6y
Originally posted by @Danny Webber:
June 2020 Austin Home Sale Stats
Everything points to lower inventory, more sales and less days on market with an increased median sales price.
It's a good time to be a seller!

I personally will be trying to sell a couple of my rentals. I have been in sell mode for a couple of years now so this fits my investment strategy well.

#stackdrypowder
Get ready for investment opportunities

.

It is good time to be a seller anywhere, because there is a bubble in real estate prices.

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