Bryan Maki is a designated broker at Sisu Realty & Associates. Maki is a member of Austin Board of Realtors, Texas Association of Realtors and National Association of Realtors. He is also a member on the Real Estate Buyers Agent Council. He has over 25 years of marketing management and customer service and has earned several certifications, such as the Graduate Realtor Institution (GRI) designation, Accredited Buyer’s Representative (ABR) designation and the ePRO Certification as a certified internet professional.
With interest rates rising is it better to rent or buy a house right now?
It will depend on individual circumstances, but with interest rates and prices trending up, purchasing a house is more advantageous and affordable. Purchasing is also an investment into the future equity of the property, which you will never see a return with renting.
How can I improve my credit score before starting the buying process?
Talk to a mortgage professional first and foremost. They will learn to understand your situation and guide you through the steps to improve your situation if necessary. Debt-to-income ratio is the most important criteria they will look at. Reduce your debt. It may take time—be patient.
Is the Cedar Park and Leander area considered a buyer’s market or a seller’s market right now?
Cedar Park and Leander are still in a seller’s market, but there are signs of the market stabilizing. Remember that it is dependent on location. Subdivisions may have different trends due to supply and demand.
What are the three most important things that I need to have in mind about what I want in a home to help narrow down my search?
Be specific in your needs. Wants will be a bonus. Homes will never have everything you want, and sacrifices need to be made to get everything you need for you and your family. Most buyers need:
1. Enough space—square feet
2. Enough rooms and bathrooms
3. Location, location, location
What impact have online markets, such as Airbnb, had on the real estate market in our area?
Technology and online markets are making a push into this area. Austin is a destination city, and thus online markets have more affect in that area but will continue to push into the surrounding areas like Cedar Park and Leander.