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For Sale: 8605 Fathom Circle

Enormous duplex within walking distance to Balcones Country Club Golf Course! 3,000+ SF total and full 3 bed/2.5 bath/1 garage per side. High quality Class A neighborhood. Many individually owned condos on the street. Not your typical rental property street.

Recent wood laminate floors and ceramic tile throughout. Renovated kitchen and paint. Lots of trees and fenced yards. Easy access to Hwy 183/McNeil Dr. 

Seller will consider financing! 

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With the passing of summer and going in to the Fall, buyer activity tends to slow down (as is seasonal).   School has started and many buyers who wanted to get in a home have settled down.

If you are a duplex buyer, this could mean a better time to buy:  there could be less competition and more motivated sellers (who missed the summer boat).  Typically there are less buyers in the September through December time periods.  Less buyers mean less chance for multiple offers and competition.  If you are looking to owner occupy  a duplex with one side vacant, a seller may be more flexible to get the property sold and avoid any prolonged vacancy.  Always find out how long a property has been on the market.

If you are an investor, keep in mind filling a vacancy may be harder going into the October through December time periods.  That does not mean there are no renters, just fewer are out there.  It may be advantageous to drop rent a little to fill the vacancy.  Consider allowing a 4 to 6 month lease to pull out of the Fall and Winter months.   Shorter term leases, by the way, can sometimes charge a premium rent and fill a niche in the market.

So, some good deals are out there if the timing fits your needs in the Fall!

Thanks for reading.

 

Hong and Dianne Lee

DuplexDianne.com Team

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