The capital of Texas has been all over the national news lately. It’s a great place to live, find a job, raise a family… It’s also the live music capital of the word and home the the famous Mexican martini. But the topic that keeps Austin newsworthy is the real estate investment potential. Simply put, Austin is a hot market for both residential and commercial real estate. Why? According to Forbes, ”Austin looks like a great buy right now with a projection population growth of 16% and three-year home price forecast of 5%.”
Click here to read the full article…
Another great article by residential housing expert and business journalist, Francesca Levy, boasts Austin as a solid investment vehicle “thanks to their strong pre-recession population growth, slowing home-price drops and a mix of jobs that’s weighted toward growth industries like government and education.”
All indicators point to Austin, Texas as a stable market to invest in, yet you still need to look for the most profitable deals. Realtors can show you what is on the market, but you’re not going to find the best bang for your buck on the MLS…. The best deals are typically going to be at the foreclosure auction.
NOTE: Good foreclosure deals in Austin are currently very secure due to the stable real estate market and increasing population. We are currently in a seller’s market.
Things you need to know about the Travis County Foreclosure Auction:
- occurs the first Tuesday of every month on the courthouse steps
- you can purchase a property for 60% of its market value
- properties are paid for in cash (cashier’s checks, money orders) in full
QUESTIONS OR COMMENTS?