Below Market Opportunties - Downtown Austin, Texas
There are several groups of real estate opporunities in downtown Austin, Texas. Here are a couple to consider:
- Buyers in pre-construction highrises that are unable to obtain
financing due to newer and tighter lending restrictions. In
most cases, the contracts at jeopardy were executed at prices
from the initial sales
cycle of the respective project. Since developers are more concerned
about a 100% contract-to-close ratio, they are not trying to squeeze
every extra dollar out of one particular unit. Therein lies the opportunity
to buy now at prices from in some cases 2 years ago. Please note:
Most of these deals are not listed in the MLS. See right margin
for specific buying opportunities.
- Buyers and investors from out-of-state markets want to liquidate their real estate assets. The Austin economy and downtown Austin real estate market continue to buck the national trend; however, many out-of-state investors want or in many cases need to liquidate their real estate assets. This is an opporunitiy to purchase at below market rates. See right margin for specific buying opportunities.
Feel free to email or call me with any questions. I look forward to hearing from you.
–Bryan
Milago PH21 - $131,339 Below Assessed Value
Priced for Quick Close
- 2 Bed / 2 Bath
- Total SF = 1,234 SF (per builder). 1,164 SF Interior + 70 SF Terrace
- Asking price = $349,900 (or $284/SF!)
360 Corner Unit on a Top Floor - NOT IN MLS
Back-up Buyer Opportunity
- 1 Bed / 1 Bath
- Total SF = 816 (per builder). 770 SF Interior + 46 SF Terrace
- Email for details
brought to you by:
Bryan Cady, Assoc. AIA
urbanspace Realtors, LLP
(512) 731 7489 phone
bryan@urbanspacerealtors.com
All information contained herein is deemed reliable,
but not guaranteed. Interested parties must verify. To learn more about
brokerage services, download
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Austin, Texas 78703
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