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Market News and Trends

Distressed properties, distressed sellers


I just posted an article from RISMedia on AustinMarketInfo.com — a brief panel discussion of the prevalence of short sales and other alternatives to foreclosure in today’s U.S. real estate market:

Short Sales: The Rise, the Revenue, the Reality

While the Austin/Central Texas area has been spared to worst effects of the recession and housing crisis, we have seen an increase in mortgage defaults and distressed properties here as well.  (See Is the mortgage crisis ending? and Foreclosures — a quick footnote.)

I have been involved with short sales for years, and despite overtures from the federal government and major mortgage lenders, the process has not gotten easier to understand or to execute.  If you are having trouble keeping up with your mortgage, don’t wait until it’s too late.  I know this may be a difficult thing for you to discuss, but review

Avoid Foreclosure

and call me soon!

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About Bill Morris, Realtor

More than thirty years of business experience (high tech, client service, business organization and start-up, including many years in real estate) tell me that service is the key to success and I look forward to serving you. I represent both buyers and sellers throughout the Austin metropolitan area, which means first-hand market knowledge is brought to bear on serving your needs: -- Seller Representation is a comprehensive process that begins with thorough market analysis and consultation, continues with properly staging the home to achieve the highest price possible in a reasonable time on market, a complete program of marketing and promotion, ongoing updates and communication, closing coordination, and follow-up throughout (and after) the sale. -- Buyer Representation is also full service: shopping, previewing, price and market consultation, contracting, negotiating, coordination of inspections, appraisals, repairs, and closing details, and follow-up beyond the closing of your purchase to ensure your lasting satisfaction. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. I go the extra mile to help you achieve your goals. That's why I constantly research the market and property values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative advertising and marketing techniques to attract potential buyers.

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