Short Sales are and will continue to be a part of the Austin and Round Rock real estate markets. Even though market statistics show continued improvement in Austin and Round Rock, we are still feeling the lagging effects of the overall economy, meaning job losses and mortgage problems are part of the Austin real estate market as well.

Though 2 of the last 3 months showed record improvement, the statistics are about the same today as they were 3 months ago regarding short sales... in Round Rock, about 1 in 13 homes for sales are offered via short sale.  We will continue to keep a close watch on this stat, as it is indicative of the plight of homeowners in our area.

As I have mentioned previously, Short Sales result in a positive outcome for everyone involved, since sellers are able to avoid foreclosure, buyers are able to obtain a home that is well maintained by the homeowner for up to 25% below market, and the mortgage company save money because they do not have to foreclose on a home.

Yes, homes available via Short Sale are pretty darn good bargains... take this Short Sale available in Georgetown..

Purchased for over $180,000 less than 2 year ago, it is available today for $155,965... it includes laminate floors, a closed in porch, attached side entry garage, formal dining, large master suite and more.

It is an incredible value, like many Short Sales in the Austin area real estate market.  So take a look at Short Sales as an alternative, and everyone will win!