HOUSTON REAL ESTATE MARKET SLOWING

Some would say that the market slow down is a bad thing. As an eternal optimist, I feel as though this could be a good thing for a couple of reasons.

1. It allows buyers to shop the market with an increased inventory. That along with the continued low interests rates creates a nice climate for home buyers of any kind. So whether you are first-time home owner, down-sizing, up-sizing or relocating. The water is warm, so jump in!!

2. A continued “HOT” market could lead to a competitive disadvantage for Houston on a national level. Our relatively low property values offers incentives for folks that are retiring or companies that would like to relocate their headquarters to the Houston area.

This excerpt from the recent Better Homes & Gardens Real Estate blog helps define the situation a little further.

“Single-Family Home sales closed down by 10% for the month bringing year-to-date sales down by 1%. This is no surprise with Houston’s energy sector restructuring and real estate feeling, ever so slightly, the brunt of a contraction.

It’s almost welcome news! Why? Houston has always been in the top nationally for its’ housing affordability. If we remain on a continuum of record sales and dollar volume increases, Houston would lose an asset that makes the city enticing to population growth and corporate relocation. In October 2013, the median sales price for a single-family home in Houston was $177,330 and October 2015, it is $205,000. 16% increase! As we see supply increasing – we should return to a normal market with negligible value loss, if any, to homeowners yet a sense of reasonableness to homebuyers.”

Happy House Hunting in 2016!!

BETTER HOMES & GARDENS REAL ESTATE

Everyone pretty much knows the magazine, but are just now realizing that Better Homes & Gardens Real Estate (BHGRE) is a powerhouse in Houston. The latest rankings identify us as a major player in Houston.

What goes into being #1? Whether it is your favorite football team or a real estate broker, it’s the people. BHGRE has an outstanding leadership team with seasoned real estate broker managers at every office in Houston. The training program for new agents and veteran agents is second to none offering updates on legal changes and industry transitions helping us stay ahead of the game! Tools. BHGRE offers a vast array of technological and print support for marketing properties or finding properties at the best price in the best neighborhoods in Houston.

Be sure to contact your friendly neighborhood BHGRE agent soon if you’re thinking of moving or if you know of someone that needs help! Have a Happy Thanksgiving.

INTERVIEWING YOUR REALTOR

There are many steps in the real estate transaction process. One that often gets overlooked is the interview. Whether you are seeking to find someone to help you sell or buy a property, it is important to meet with, ask questions, and allow the agent to ask you questions as well. It is very much like a job interview.

What is important to you as the consumer, as the “boss”, as the hiring decision maker? Well lets look at some of the important factors one should consider:

1. Will your agent be readily available throughout the process? Everyone is available at the beginning, but be sure to determine if that is the way it’s going to be.

2. How well does your agent know the area? Have they lived in the area for a long time? If not, have they done business in that area?

3. Is your agent a negotiator? Is he/she a deal maker? Make sure they are savvy regarding the latest technology advancements, data gathering

4. Does your agent understand and use the latest technology? Be sure to inquire about the agent’s utilization of the most recent innovations if that is important to you.

So, whether you’re in the suburbs of Sugar Land, Cypress or The Woodlands,or the inner city area near the Galleria, Uptown, River Oaks, Montrose, or Memorial, be sure to ask the questions that can help you understand if the agent can help you with the most important purchase of your life! Be sure to ask all the questions you need to ask and be sure to be open to answering questions. Communication has to be a two-way street!