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In this guide, we'll give you all the information you need to make an informed purchase decision. We'll start by discussing the basics of homebuying, then move on to some tips for finding the perfect property. Whether you're a first-time buyer or an experienced homeowner, this guide has something for you! Here are the things you should know…

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Concurrent Closing | Spyglass Realty

What is a Concurrent Closing?

Concurrent closing is when a homeowner sells their home and purchases a new one in a short amount of time. The fastest way to sell your home and buy another right away is through concurrent closing. When two properties are dependent on each other to close, concurrent closing is the term that is being used. In order for it to be a concurrent close, the first closing must be completed before the next can happen.

 

Table of Contents

  • The Concurrent Closing Process

  • Moving During a Concurrent Closing

  • Bridge Loan: Buy Before You Sell

  • The Key to a Successful Concurrent Closing 


The Concurrent Closing Process

Selling and buying concurrently involves finalizing the…

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Tips for Selling and Buying a Home at the Same TimeThe home buying and selling process can be overwhelming. For many individuals, it is even more complicated if they're trying to buy and sell homes at the same time. Buying a new home and selling your existing one involves dealing with a lot of paperwork, details, and people. Here are some things you need to know about buying and selling your home at the same time. It’s especially difficult to do this in a hot real estate market like we have in Austin.  Don’t worry, we have you covered. 


How to Sell and Buy a House in Austin, TX at the Same Time?

The act of selling and buying at the same time can be difficult, especially for those who are new to this process. One thing you can take note of is that this type of transaction happens all the time.…

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How to Fund a Down Payment for Your First HomeBeing a homeowner has many benefits. Homeowners can decorate as they wish, own pets without a hassle, gain a tax deduction, and begin to build wealth as they pay off their mortgage and the home increases in value. For many people, however, coming up with a down payment is a significant hurdle. The hurdle, however, can be overcome. Here are some down payment options that can help homebuyers get the keys to their new purchase.

For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.

Zero and Low-Down-Payment Loans

Some loans require no down payment or minimal down payments. Examples include:

  • VA loans, backed by the U.S. Department of Veteran's…

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What Kind of Mortgages are Available?Buying a home is an exciting time, but it can be overwhelming, especially for first-time buyers who have decided to stop renting. The mortgage process involves many steps, including pre-qualification and preapproval. Not to mention, there are several different mortgage options offered by lenders. Before starting the house-hunting process, it's important to understand how mortgage options work and what types of loans are available. Here's a broad overview of mortgage options to get you started.

For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.

Conventional Loans

Conventional mortgages are a type of loan that isn't insured or guaranteed by the…

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Reasons to heavily consider commute times before buying a homeMany people move into their dream home but are then dismayed to learn they have a long or frustrating daily commute. Suddenly, due to stressful commutes, they find they're no longer living the dream. Before bidding on a home and signing on the dotted line, it's important to consider what a daily commute would look like. Important transit factors to think about when buying a home should include the following.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Access to Roadways

Living near a major roadway has its perks and downsides. Convenience is a huge factor, but tradeoffs usually include noise and extra traffic. For commuters, however, convenience…

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buyer trends changed in austin during covid


The year 2020 has caught more people spending time at home due to the effects of COVID where stay-at-home orders were implemented. Companies have shifted their workforce into working from home and most students shifted from physicals schools to online or homeschooling. Ever since the COVID outbreak, it has completely changed the way most people view their homes. Aside from being a sanctuary for relaxation and family time, our homes have become an office, gym, cinema, even a jungle for indoor plant lovers as it became difficult to get their daily dose of nature from the outside due to shelter-in-place, so why not bring nature at home?

The pandemic had an impact on Austin's housing market which had led to a decline in home sales due to the…

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Renting vs Buying a Home in Austin, Texas | Spyglass RealtyThis is the decades-old question of whether, at any given point in a market's upswing, is it better to rent vs buying in Austin.  We often hear potential Austin home buyers saying things like "The Austin real estate market looks like it may peak and I'm wondering if I should wait until prices go down before I buy Austin tx real estate".  Well, it's hard to time any market and, from the studies we've seen, why would you want to try?  

As long as interest rates stay anywhere near the level they are at now, it will likely be better for consumers to rent a home in Austin vs buying a home in Austin.  See this article from CNC where they state that in every one of the 100 biggest metro markets, buying a home was found to be the more affordable path over…

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Home Buyers Looking at thier first home | Spyglass RealtyPurchasing your very first home in Austin can be nerve-wracking, overwhelming, and exciting. People may think they won’t get approved or they can’t find a home that is right for them. Especially for first-time homebuyers that are interested in buying homes in Austin. The market is very HOT and homes are selling out fast. This guide will help you on your journey of buying a home. Be knowledgable when it comes to knowing how to start and what are the right things to do to achieve your home without breaking the bank. Learn and take all that you read from this article as soon as you’re buying a home or the first time!


1. Work with the Right Agent

A professional and effective real estate agent will guide you in purchasing your new home in any market…

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By now, the novel COVID-19 pandemic has had a profound impact on public health and the nation's economy. However, the largest cities in Texas — including Austin — are among the areas least likely to see the pandemic shake-out of a major housing market.

The main lesson is that Austin and Texas economically turned quicker than the rest of the country after the last crisis. Why? Because we did not have the amount of speculation or financial leverage that so many markets had. Travis County ranks 457 out of the 483 housing markets surveyed in vulnerability, meaning it is one of the 30 markets expected to be least vulnerable to effects from the coronavirus pandemic (Source: ATTOM Data Solutions). 

Presently, the Austin economy continues to be based…

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