Why I sold my home for $8,000 to Austin Texas realtors
In a year where real estate prices have continued to soar, it’s easy to forget that real estate is a rental market.
As a property owner, you are a tenant.
As such, the real estate market is extremely volatile.
Realtors have a very limited budget, and often, don’t have enough money to pay a mortgage or other payments.
Many are unable to save for a down payment or even a downpayment on their first home.
And even though there is so much uncertainty, realtor is still a very lucrative profession.
The real estate industry in Austin, Texas is incredibly competitive.
For the last ten years, Austin real estate has been booming.
Austin has been dubbed the city that “never sleeps”.
The booming real estate sector has brought in a tremendous amount of wealth, with the average salary for a realtor in the Austin metro area averaging $80,000.
However, this wealth is only temporary.
According to the Bureau of Labor Statistics, the median wage for a Texas realtor was $30,700 in 2016, but this number will likely increase by over $40,000 by 2021.
In addition to this, many of the Austin area’s top real estate agents have already made more than $100,000 annually.
The Austin Real Estate Association (ARIA), which represents the realtoring industry in the metro area, recently reported that the average wage for an Austin realtor increased by nearly 20 percent over the last three years.
And that’s not even accounting for the fact that the median salary in the metropolitan area is still only $30.9000.
It is not only the average salaries of realtorers, but also the median prices that have increased, with prices in the greater Austin area soaring by more than 80 percent in the last five years.
This is a good time to consider buying a home in Austin and renting it out to your friends.
According the Austin Real estate Association, Austin has a vacancy rate of 1.8 percent, which is quite high considering the average price of a single-family home in the city has dropped by 20 percent.
With a vacancy market in Austin so competitive, you might be better off choosing to rent a home out to friends instead of a family member.
For example, one of my favorite things about Austin is that the city offers free public transportation and a variety of social events that include weddings, funerals, and events for the whole family.
If you are in Austin for the weekend and you want to rent out a house to some friends, you should definitely consider renting it to them.
As an owner of a home, you don’t need to worry about the rental market in any way.
You have the freedom to live the dream.