It is Time for Homestead Exemptions and Big Jobs [[+]] Austin Area Home Listings Dip Along With Rising Market Activity and Prices: Chuck Farr’s February 2022 “Talking Real Estate” ENewsletter

Posted by Chuck Farr on Monday, February 28th, 2022 at 1:06pm.

It is Time for Homestead Exemptions and Big Jobs [[+]] Austin Area Home Listings Dip Along With Rising Market Activity and Prices: Chuck Farr’s February 2022 “Talking Real Estate” ENewsletter

 

Spring is almost here--homeowners, tenants, prospective buyers, and real-estate investors! I tried to send this monthly newsletter to you last week but experienced technical issues. If you bought a home last year and started living there on January 1, 2022 (or if you bought in 2019 or 2020 and did not already do this!), make a note to file your homestead exemption in the next month or three (also check on disability and over 65 exemptions if applicable) at your local county tax office to save money on property taxes.

Also in the news,the Austin Board of Realtors says that in January 2022, “median sales price rose 30.4% to $476,000, a record for the month of January—and sales dollar volume rose to 18.2% to $1,318,618,884. New listings decreased 10.1% to 2,614 as active listings also dropped 0.7% to 1,351. Pending listings increased 3.8% to 3,352, as months of inventory stayed flat at 0.4 months.”  (Check the [[“Talking Real Estate” Monthly Enewsletter]] for details!)

Winter is still here and has its own home maintenance checklist in Central Texas, especially for existing property owners. Here are a few items to consider during February:

  •       Outdoor Tasks:

o   If you are considering doing some big jobs, like external painting or roofing repair/replacement (or replacing your HVAC system before the summer heat arrives), remember that this is the slow season for many contractors, and you may get a better price and quicker scheduling now.

o   Don’t forget to protect your pipes, plants, and pets when freezes come to town.

  •       Indoor Tasks:

o   Have furnace professionally inspected if you did not in the Fall; make sure they check for carbon monoxide leaks. Remember to change out your indoor HVAC filters on a regular schedule.

o   Dryer vents: Clothes dryers cause 2,900 fires a year, with many fires happening in the Fall and Winter, according to the United States Fire Administration. Lint is a major culprit, so have your dryer vent inspected and cleaned annually by an HVAC specialist who specializes in ductwork or dryer vents.

Here is the [[Talking Real Estate Enewsletter]] with always-on links to trends in national, regional, and Austin area real-estate market news. You will also see some handy articles about home buying & selling, home maintenance, taxes, and other topics. In this issue:

  •       Austin Area Home Sales & Listings Dip Amid Increased Market Activity and Prices (latest ABOR report)
  •       Always-On Market Statistics and Trends
  •       The Most Critical Period for New Listings
  •       How Inquiries Impact Your Credit
  •       Outlook for Housing 2022
  •       Three Home Trends That Will Stay Around

If you need more detailed information about the market in your own neighborhood or home, just let me know. I'm just a call, text, message, or email away and happy to give you a free comparative market analysis of your home and neighborhood.

View your current [[Talking Real Estate Enewsletter]] to see what's happening in your local market now.

Leave a Comment

Format example: you@domain.com
Format example: yourwebsitename.com