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Spring Break is Here but Inventory is Low: Be Ready

Posted by in Lake LBJ Real Estate on Mar 12, 2017

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Spring Break is officially here and anyone that has been following the Lake LBJ Real Estate market knows that inventory is limited.  If you are in the market for a waterfront home on Lake LBJ then you better be ready when the right deal hits the market.  As you know, Texas has experienced unmatched growth in population over the past few years and waterfront property on Lake LBJ is fixed, and they aren’t making any more of it.  When good properties hit the market they are quickly scooped up making it very hard to acquire a waterfront home on Lake LBJ.

If you are considering the purchase of a piece of Lake LBJ Real Estate then you need to be prepared so that you can be ready when the right deal shows its face.  If you plan to finance your purchase I strongly recommend getting pre-approved in advance so no time is wasted.  If you need a recommendation for a good lender let me know and we will get you connected.  If you plan on paying cash, I recommend having a proof of funds available that can be presented with your offer.

Right now, it seems that a healthy entry point into the market is approx $600k for good water.  At that price it should be expected that some remodeling will be necessary.  You may find something slightly cheaper but anything that looks too good to be true probably is.  Remember that the waterfront is the scarce resource and I will always recommend getting the best piece of water your money can buy and worry about the house later.  Having reasonable expectations will help you make a quick decision in this very tight real estate market.

If you or someone you know is in the market for Lake LBJ Real Estate contact me today at (512) 786-1515.  I keep a close eye on the market and make my clients aware of good waterfront homes before they hit the market.  I know Lake LBJ like the back of my hand and can help you make a sound investment in waterfront real estate.

Feb. 18