I've been fielding calls from sellers in the $500-750k range that are interested in the auction method of selling their properties. It's prompted me to look around at what $500k can buy you in Austin. Of course, the value perception is relative dependinig on where you're coming from. But many relocations are from California and the east coast. Culturally, it's easier for Californian's to adjust to Austin/TX lifestyle than for east coaster, but that's besides the point.
For $500k, you can get
- 4000-5000 square foot home (5 bedrooms, 3-1/2 baths, 3 living rooms, 2 dining areas)
- 1 acre
- pool, nice landscaped backyard
- new homes have plenty of incentives; resale have great deals (because they're competing with new homes)
- good school districts
- subdivision family community
- apx 20 minutes from downtown Austin
These kinds of homes can be found in North Austin, South Austin, East/West austin, doesn't matter. The buying power is incredible!
