What is a Buyers and Sellers Market

When buying or selling a home it is important to know the what type of house market is in your area. Determining the current housing market for your area can make a huge difference in your strategy. A large inventory of homes give potential home-buyers a greater number of homes to choose from. As where as a sellers market limits the number of homes available to a larger number of potential buyers.

Determining the Current Housing Market

The market absorption rate will determine the current housing market for an area. To calculate the the absorption rate divide the current number of homes sold in the pasted 30 days by the number of homes for sale. For example

50 Homes Sold in the pasted 30 days divided by 150 homes currently on the market would be 3 months of inventory.

Having said that with the current rate if the current homes stayed on the market, no new homes were added and homes continued to sell as the same rate. In 3 months the current inventory would be sold.

Current Market

A healthy or normal market has 5 to 6 months of inventory. Typically anything over 6 or more months of inventory is considered to be a Buyer market and 5 months of inventory or less is considered to be a Sellers Market. Depending on the type of market the Buyer or Seller may need to adjust their strategy. For more information about the particular strategy contact Allen Deaver of Asset Realty today.



Jan. 20, 2020

Selling a Home- Divorce



Ending a marriage is very difficult time emotionally and financially. In most cases of divorce if a home is involved neither party can make the payments by themselves or buy the equity from the other person. So it makes sense to sell the home and split the proceeds according to the divorce decree or by a prearranged agreement. 

Selling the Home

As a Real Estate agent who has helped couples sell a home during or after a divorce it can be challenging. The key is to find an Agent who will advise on what actions to take,  keep both parties informed and handle everything in a professional, non-biased manner. In many cases both clients may want to do separate closings. So find an Agent who will accommodate your needs. 


Before listing the home for sale your agent can do a Comparative Marketing Analysis showing how much similar homes in the area are selling for and days on market. With this information the agent can also do a Seller's Estimated Net Sheet showing all the costs associated with selling the home. In some cases their maybe negative equity or upside down on the property. Owing more money than the cost of selling the home. 

Putting the Home on the Market

Getting the home ready for the market may require some work and your Agent should be able to advise on what needs to be done to make your home salable. Maybe one or both of you will be residing in the property. In that case they would be responsible to keep it in showing condition. 


Once an offer has been presented on the property both parties will be contacted to review the offer. This can be done individually or separate. Inevitably both will have to agree on selling price and terms. When the home goes under contract the title company will need a copy of the divorce decree or may require something in writing. Advise your Agent how you would like to handle the closing. Many times title company's will offer individual closings or together. For questions or more information about selling a home in a divorce contact Allen Deaver of Asset Realty.



Posted in Selling a Home
Jan. 20, 2020

Time to Sell Your Home

Low Home Inventory

Low Home Inventory

Currently in Central Texas we are experiencing low home inventory. With the influx of people moving to Austin and surrounding areas the housing market cannot keep up with demand. What does this mean for homeowners? Supply and demand is causing the price of homes to increase. This is great news for those who want to sell.

Low Interest Rates

In addition to a high demand for properties interest rates are at an all time low. Currently many home loans are below 3% allowing buyers to purchase more home for their money. 


One of the many factors that is making Central Texas appealing to out of state buyers is the Unemployment rate. Combine that with large businesses moving to the area is making Central Texas a viable option to many people. 

Request Your No Obligation Market Report

Market Report

Posted in Selling a Home
Jan. 15, 2020

Moving Checklist

Moving Checkist

Moving Reminder Checklist

Moving can be an exciting time. Lot's of things to think about when changing from one place to another. Just a few items to do to make your transition a bit smoother. 

Address Change

  • Give Post Office your forwarding address
  • Notify friends and relatives
  • Change address with subscribers 
  • Change address with the Department of Motor Vehicles 


  • Transfer funds, arrange check-cashing in the new area
  • Obtain necessary cashiers check for closing real estate transaction

Things to Remember

  • Plan for your pets tags and nearby Veterinarians 
  • Make sure you have enough cash to cover moving expenses
  • Hand carry jewelry and important documents


  • Notify health, fire and auto insurance company with the new address
  • If moving to a new area ask for referrals to a new Doctor and Dentist
  • Transfer medical records to new health care professionals

Posted in Relocation
Jan. 14, 2020

Single Story vs Two Story Home

Single or two story home

Single vs Two Story Home

Thinking about buying a home? Not sure if a single or two story home is in your future? A few things to think about before making the plunge. One consideration in a two story home is the master suite is located upstairs or down. It has been my experience some homeowners prefer not having to climb stairs. However those with young children tend to like being upstairs. 


Generally single story homes have fewer rooms compared to a two story home with a similar footprint. When comparing a single story of the same square footage will also take up less space on a lot, leaving more room for outdoor time. 

Heating and Cooling

Typically a two story home with similar construction (type of insulation, windows) and size will have an increased cost for heating and cooling. Because warmer air rises the top floor will be warmer than the bottom floor. Some two story homes will use an air damper system or dual HVAC systems.  

Construction Costs

It is more expensive to construct a single story home compared to the same square footage of a two story home. Because the single story home requires a larger foundation. Also in some communities with smaller lots there may be a lot premium to accommodate a larger footprint. 





Posted in Buying A Home
Jan. 11, 2020

Hiring a Buyers Agent

Buyers Agent

Buying a Home

If you are Buying your next home, a new home or your first home it is important to have a Buyer's Agent. An agent who represents your interests. Anytime you are Buying or Selling real estate it's always important to know who represents who. If in doubt. Ask

Another reason to Hire a Buyer's Agent is their commission is paid by the Seller. You get expertise and representation without having to pay them. 

Hiring a Buyer's Agent

Every Real Estate Agents brings in different talents and abilities to their client. The key is to find an Agent who is there to guide, advise and navigate you through the process. Just a few items of importance.

  • Familiar with the area Keep in mind Real Estate Brokers and Agents have a State-wide licence. Just because your agent can help you buy a home in the area you want. A Local Real Estate Agent would be more familiar with the public schools, employment opportunists, future growth that may have an impact on your future home and more. 
  • Communication One really big item is how well the Agent communicates with you. Do they give regular updates, return emails, texts and phone calls in a timely manner. 
  • Knowledge of Forms and Documents Is your Real Estate Agent familiar with the Forms and Documents needed to purchase a particular home. A good example would be a home located in a rural area with a septic system. Do they know which forms are needed to purchase this property. 
  • Local Contractors When purchasing a home many times the home will need repairs. Does your Agent have a list of contractors they have worked with in the pasted. 
  • Financing Although your Buyer's Agent is not a mortgage professional they should know about the different types of financing available. Your Agent should also be able to advise on what type of home loan may be the best fit for you.
  • Previewing Homes Your Buyer's Agent will also arrange home showings. They will make necessary arrangements to preview new and resale homes. 
  • Negotiate A Buyer's Agent will also negotiate terms of the contract and any repairs needed to the property.
  • Schedule The Buyer's Agent can also keep keep the Buyer informed of contract dates, inspections and be the go between the Seller's Agent, Title Company and Lender.
  • Emotional Filter Many times in a real estate transaction things may get emotional. The Buyers Agent is there to keep everyone focused on the end goal.  


When hiring a Buyer's Agent they are not all the same. Consider asking friends for referrals who were pleased with the service they received when purchasing a home. You may also want to interview a few Agents to see which would be a good fit for you. For more information about Hiring a Buyer's Agent contact Allen Deaver of Asset Realty.

Buyers agent


Jan. 10, 2020

House Hunting Etiquette

Do's and Don't for Home

House Hunting Etiquette 

When preparing to purchase a home there are steps to do before staring your journey. The very first step is to get pre-approved for a home loan. This can give you an idea of your budget, how much you are able to spend for a home. Another is to find a Real Estate Agent familiar with the area you plan on purchasing a home. Also have an idea of the must-haves things like number of bedrooms, bathrooms, school district and so on.

Be On Time

Once you have your financing in place, have a local REALTOR and a budget it's time to start the Home Hunt. When searching for a home keep in mind some of these may be occupied by the homeowner or a tenant. Keeping this in mind your agent will schedule a date and times to preview homes. On occasion the occupant of the home you are previewing is advised to not be present during the showing. So they make arrangements to temporary leave the property. So it is important to value the time of the occupant and your agent by being on time.  

Etiquette in the Home

When house hunting show respect for the property. You are expected to open closets, look in cabinets and bathroom doors. But never open personal property such as dressers or nightstands. Watch out for pets, sometimes the occupant may put them in a kennel, but be aware they may be roaming free. Another consideration is what you say and do in the home. Some homeowners have security systems that have cameras and microphones. So be careful what you say inside the home. Your Agent has shown hundreds of homes will be your guide. 

Home Shopping


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Jan. 8, 2020

Five Steps To Finding Your Next Home


Finding Your Nest Home

Five Steps to Fining your Next Home

Buying a home can be a stressful process. If it's your first home or your next, there are so many things to consider before making the big step. 

Hire Real Estate Agent

When searching for a real estate agent it's important to hire one who is familiar with the area you plan to move. It may also be a good idea to ask friends and family for recommendations. Before hiring your agent interview them to make sure it's a right fit. If you are purchasing a home in Texas go to the Texas Real Estate Commission website to see if they have ever been disciplined for any violations. 


First consideration is your priories. We call this the why you want to purchase a home. Do you need more space, maybe you are down-sizing, need a new location or you may even be tired of renting and want to invest in your future. Knowing the why you want to move is a step in the right direction 


The next decision is your budget or how much can you invest in a home. The first step is contacting a Mortgage Professional. Your mortgage professional will be able to advise on the types of loans you may qualify for and the maximum purchase price. 

Must Haves 

Once we have determined our time line to purchase, hired a Local real estate agent familiar with the area, have been pre-qualified for a home loan and have an idea of the monthly payment we want. Now we need to meet with our real estate agent and discuss the must haves. What are some of the features we want in our new home. Your agent should be able to determine areas that may be of interest to you.


Anyone who has ever been in real estate knows that it's Location, Location Location. By now I am sure you already have an idea of the area you want to live in. Your real estate agent can set up an automated search informing you of what is currently on the market and will notify you when a new home or status changes. This search can also include information such as number of bedrooms, baths, square footage and any must haves.  

More Information About Buying a Home

Buying a Home


Jan. 6, 2020

Hays CISD Information

Hays Consolidated Independent School District

Hays Consolidated Independent School District 

The Hays Consolidated Independent School District covers a large portion of Northern Hays County and features award winning schools. It's currently comprised of 14 Elementary Schools, 6 Middle Schools and 4 High Schools. For more information about individual schools in Hays CISD please see links below.

Hays CISD Elementary Schools

Hays CISD Middle Schools

Hays CISD High Schools



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Jan. 4, 2020

How Interest Rates Effect Monthly Payment

Monthly Payment

How Interest Rates Can Effect Your Monthly Mortgage Payment

Ran a quick scenario on how one percentage point can effect your monthly mortgage payment. Using Texas Lending Mortgage Calculator I plugged a some very basic numbers for a 30 year fixed mortgage. The numbers used in a mortgage calculator was loan amount of $200,000. property taxes of $4640 and Home Owners Insurance of $1500 per year. These are my results.

  • 3%  the monthly payment was $1354.87
  • 4% the monthly payment was $1466.50
  • 5% the monthly payment was $1587.31
  • 6% the monthly payment was $1710.77


Currently while writing this most home loans are around 3%. Which is historically low. No one is certain how long the Feds are going to keep interest rates low. Also the $200,000 home today will be more expensive in the near future. So if you have been considering purchasing a home. Now would be the optimal time.

Home Buying Information

Home Buying Information

Jan. 4, 2020

Sellers Market Explained

Sellers Market Explained

Sellers Market

A Sellers Market is a term used indicating there are more Home Buyers in a particular market than there are Home Sellers. When demand for homes is higher than supply homes typically are on the market a shorter time and prices increase.

Sellers Market - Seller

Selling a home in a Seller's Market is different than selling in a Buyer's Market. For the Seller the odds are you will make more money. In a seller's market their is a better chance for multiple offers. This can sometimes create a frenzy between would be Home Buyer's.

Sellers Market - Buyer

In a Seller's Market the seller has the majority of the power. It is very important the Buyer be pre-approved for a home loan and ready to make an offer on a suitable property. Time is of the essence. The home of your dreams that's on the market may not be tomorrow. 


Weather it's a Buyer's Market or a Seller's Market each have their own benefits and challenges. For more information about the Pro's and Con's of buying or selling a home in any market Contact Allen Deaver.

Sellers Market