This week in residential real estate in Georgetown, TX

September 14, 2008 at 10:21 am , by Jenel Looney

I look forward to Sundays, when I take a few minutes to sit down and look at what happened on the Georgetown real estate market over the past week. Looking at the hotsheet every day is vital for making sure I immediately spot properties that might be of interest to my clients, but looking at the weekly hotsheet gives me a better grasp of the overall trends in our local market. I showed one of the new listings to a buyer this week, and I struggled with how to tell her to move quickly if she was interested. The last thing I ever want to do is to pressure someone. When a salesperson uses pressure tactics on me, I get a sour sort of feeling in my stomach and want to pull away as fast as I can. I don’t ever want to cause that feeling in someone else. However, this was a good property in a difficult to find price range, and I felt it was important to let her know that. That property is now under contract, after just five days on the market. (And not to my buyer, darn it!)
All hope is not lost. You see those three properties that are Back on Market? It could be that the buyers’ financing fell through in those cases, or the buyers simply changed their minds during the option period, so those properties are still available for sale. If you’re interested in a house that is Pending, it’s often still possible to make a back-up offer. If the first deal fell through, and your back-up offer was accepted, you’re first in line to purchase the property.
The prices of the properties that sold over the past week ranged from under $30,000 to just over $360,000. I viewed the house that sold for under $30,000. It was in such bad shape that I felt it was too dangerous to go inside. Even so, for someone willing to take on a major project, it wasn’t a bad deal. You’d be banking on the fact that Georgetown is going to continue to grow, and that the neighborhoods in town that are kind of run-down now will experience a renaissance in years to come. The lot alone could justify the price.
If you’re thinking of buying or selling a home in Williamson County, please call me at 512-876-6544 or email me at Jenel@HometownGeorgetown.com. I will be your advocate. With me on your side, you’ll have all my knowledge and resources at your fingertips. You’ve seen here on my website that I love to dig in deep and research the market as a whole and specific neighborhoods. You can bet that all that research will be be very useful to you during negotiations. I’ll work hard to get you the best price! Give me the chance to earn your business; you won’t regret it.