Monthly Archives: October 2015

Real Estate Mistakes and The People Who Make Them…

I get asked all the time for advice about real estate transactions and I love answering those questions (Most of the time).  Everyone thinks Real Estate is very complex and complicated but it’s really not when you accept and assume some basic facts.

  1.  Real Estate agents and Brokers do know more about real estate than you do.  Unless you have immersed yourself in the business, or are an attorney specializing in Real Estate,  chances are your agent DOES know more about what you are buying and selling than you do.  Our world is full of people now who watch Real Estate shows on HGTV and feel they are experts.  Most of the time those people end up harming themselves by making low offers, drawing arbitrary lines in the sand about pricing and repairs or pricing their home way above market value.
  2. If your home does not sell in 30 days there is a reason.  If you are getting feedback about paint, odors, condition or staging you may be able to do something about some of that.  In the end though it’s about price.  Any home will sell when it is priced right.  Many sellers think their home will sell for more for reasons that only they understand.  As agents we often say “If you over price your home you are the highest bidder and you get to keep it!”
  3. Pricing adjustments do not show desperation!  They show you are an active sellers trying to attract a willing buyer.  On the other hand, sellers that refuse to lower the price show the market that they are not serious about selling and eventually all interest will fade away.
  4. Sometimes it is best to sit patiently and wait.  When negotiating the best way to get movement your way is to not respond.  Most people are terrible negotiators.  Listen to your agent.  They do this for a living and know how to work a deal in your favor.
  5. Sometimes you have gotten the best deal you are going to get.  Many times people trip themselves up because they come up with an arbitrary price they are willing to pay for a house they really want.  They end up walking away from their dream home because the seller wont come down $3000.  The best real estate investors know that when you get the best deal you are going to get you move forward not on down the road.
  6. You need to pick an agent.  Buyers who talk to multiple agents and never hire any of them quickly get figured out and will never get the service that a loyal client will get.  No other industry has customers that expect the professionals to spend hours with them even though the customer has no intention of them getting paid.  If you talk to 6 agents and don’t feel comfortable keep looking.  Hiring an agent will save you so much headache in the long run.

The Real Estate industry is quickly changing and technology is positively affecting every part of what we do.  The fact is though that it is a people business.  You need an experienced trained professional to guide you.  Once you find the right one trust them to help you.  If you don’t trust them you have not found the right one.

Steve Mallett  Real Estate Broker TX

Licensed since 2003 and a Broker for Keller Williams SW

Changes Coming to Dripping Springs in the Next Few Years…

There are so many changes coming to Dripping Springs and the Southwest Austin area it’s hard to keep up.  Here are some ongoing projects you may know about and some you may not. 
1.  Belterra Commercial.  There is a large commercial project going up on the acreage at the front of the subdivision along Highway 290.  The project is being spearheaded by Endeavor Real Estate.  So far some of the tenants are named at the website Endeavor RE but it looks like it will be a quality project that is a plus for the community. 
2.  Headwaters Residential.  The final plat looks to be 1000 homesites with 167 acres of retail at the front.  Lot’s will be tract home lots for large builders.  They have broken ground on 2 entrances from 290 just to the east of Dripping Springs.
3.  Caliterra.  Caliterra is open for business and homes are selling in there now.  Model homes are on the ground and people are writing contracts.  Hurry for the best lots.  Prices are going to be from the low $400K’s to over $1M.  We have lots of buyers looking in there now. 
4. New Elementary and Middle School campus on Sawyer Ranch Road.  This is a great addition to the local school mix.  Watching the construction has been fun and it’s a huge project. 
5.  Final phases of Belterra.  The final lots are being completed with some entry level homes on 60 foot lots all the way up to luxury homes on 90 foot+ lots.  Expect homes to be in the $400k to $800K range. 
6.  Holiday Inn Express. This is supposed to be located behind the McDonalds and Keller Williams office in downtown DS across from the HEB.  We expect 80 or so rooms.  I am hoping they break ground in 2016. 
7.  Schlotzsky’s.  Expected to be open in November of 2015 across from HEB. 
7.  Still no word on the all time most wanted businesses in DS.  Chik-Fil-A, Chili’s, Jim’s, Whole Foods, Taco Deli, or Kerby Lane.  If you know anyone at any of these businesses point them out this way. 
Stay tuned for more updates as we hear about them. 
Steve Mallett
Mallett Integrity Team Real Estate
Licensed since 2003
No Matter Where You Come From Drippin’ is Home!