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Old 03-03-2009, 07:48 PM
 
Location: Great State of Texas
86,052 posts, read 84,472,986 times
Reputation: 27720

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Appeal but be prepared with paperwork to back up your appeal. Don't go down there empty handed.
I have a recent appraisal from a refinance I did in January.
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Old 03-03-2009, 08:16 PM
 
648 posts, read 1,964,508 times
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There is a Hyde Park listing that says in the description something like, "Have received offers above current listing before." Perhaps go print that listing out.
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Old 03-29-2009, 02:13 PM
 
Location: Austin, TX
16,787 posts, read 49,063,260 times
Reputation: 9478
Quote:
Originally Posted by llkltk View Post
Better get your house now because it's all going to turn around, we're not even in that bad of spot. Rise prices, rise! Good news for current homeowners.

Housing shortage may cause home values to rise by 2011 (http://www.impactnews.com/southwest-austin/news/3404-housing-shortage-may-cause-home-values-to-rise-by-2011 - broken link)
Those predictions come from Angelos Angelou, a Texan economist who I have always found to be pretty accurate in the past. It stands to reason that with 42,000 people moving to Austin each year ( I expect that number to go up with the worsening economy elsewhere) and the decrease in new homes being built, that there is going to be a housing shortage in 2011. I have a rental house in the 10S area that was going to sell this year, but now I'm planning on holding it off the market awhile longer.

http://www.impactnews.com/images/stories/SWA/2009/02/01-map.jpg (broken link)
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Old 03-29-2009, 02:31 PM
 
Location: central Austin
7,228 posts, read 16,101,771 times
Reputation: 3915
Real estate in Austin is a conglomeration of micro-markets, what holds true in the SW micro market is not necessarily true in say area 6! And it there are also micro-markets by price, in area 6 anything below 300K goes in a week, stuff around 400K languishes.

Just beware any broad brush.
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