Want to know what new Austinites have to learn first about Austin Real Estate? You pay for what you get. Yes, I know that the saying is that "You get what you pay for...", but I learned a long time ago that this is not always true. As my friend Alan Cole used to say, "I just wish that were true!" How easy life would be if we always got what we paid for. No need to bargain hunt for better prices on the same product. If you pay for it--you get exactly what you paid for and if you pay more, you get more. Well, that is just not always true in life. Sometimes you pay more and don't get more, but Austin Real Estate has a rule that is related to this one; it's a little harder to understand at first for those who are checking out Austin Real Estate for the first time. The rule is "You pay for what you get." Another way to say this is that there is no free equity or free home features in Austin Real Estate.
So, here is how this plays out in practical terms. You want a view? You will pay a premium for it. You want to live close to downtown? You will pay a premium for it. You want to be in Westlake or Westwood High School? You will pay a price for it. You want to be on the lake? Yep. You will pay for that, too. Want more land. More money.
It is a pretty simple rule. And it is intimately tied to the laws of supply and demand. And right now there is limited supply and very strong demand. Personally, I don't think that is going to change any time soon. Austin is hot and getting hotter.
Let's talk.
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