Episode 64, Segment 3: The Current Real Estate Market in Lakeway
John Schutze & Mark Hairston of Supreme Lending welcome Keller Williams agent Sean Sutton to the show to discuss the current real estate market in Lakeway, Texas. Listen below:
What's going on in Lakeway?
"Lake Travis, Lakeway, Bee Caves, Spicewood, Sweetwater - that whole area is doing really well," Sean says. "We've got new roads built up, we just got one of the largest HEBs in Texas, a new Lexus dealership - there's just a lot going on and a lot of great places to live and work in Lakeway - it's a great place!"
"The schools in the Lake Travis ISD are incredible too," John adds.
"It's exceptional," Sean agrees. "Lake Travis High School is almost like a small college - it has great leadership and is just a great school." The area also just recently opened up a new elementary school and have plans for a new high school in the works, as well.
"There is something for everybody in Lakeway," Sean says. "I do a lot of luxury home sales, but I'll grab ahold of a $180-190k house - they're out there. You just have to get an experienced realtor that will take the time to find it for you. And if they do pop up and you have your lending stuff in order - if you can get there quick and get that offer in fast - you'll get it. There's something for everybody in Lakeway."
Keeping it local
"I'm a believer that it's good to have an agent who really knows the local area," John adds. "If you can't be there in 15 minutes, that may be a sign you may not be the right agent for your client. That's how quickly things are moving these days - if a house goes on the market at 5 p.m., it can be under contract by 8 if it's a good house."
"The next thing is making the right offer on the house - it doesn't mean that if you offer full price on a low-priced house, that you'll get it. If you get the offer in correctly and the financials are ready, there's no reason that an experienced agent can't make the transaction come together for you."
Anything in the 350k and below range goes really fast, we're seeing some activity in the 800-900 range as well, though the million and up range is a little bit slower right now.
"The million dollar house in Texas will get you a LOT for your money," Sean says. "You just want to make sure that you're getting a lot of value for your dollar. We're looking at the quality of the build, the granite slabs, the type of wood flooring and tiles - these are the things you have to look into."
"It's a great time to get in - it's better than we've ever seen," Sean concludes.