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Oct. 18, 2023

Navigating the Texas Real Estate Market

Are you ready to sell your home in this active Texas housting market? Look nowhere else! We'll provide insider tips to assist you in navigating the ever-changing market and selling your property more quickly than before.

1. Pricing Strategies: Discover the art of choosing the ideal listing price that will draw customers while maximizing your profit with our pricing strategies. We'll discuss tried-and-true methods for analyzing market trends, assessing comparable homes, and determining the ideal price range for your house.

2. Staging and Presentation: Discover how to use powerful staging and presentation strategies to make an unforgettable first impression. We'll help you make your house a buyer's dream, from improving curb appeal to decluttering and depersonalizing interiors.

3. Marketing Mastery: Harness the power of strategic marketing to give your property the most visibility possible. We'll share the top techniques to draw in eligible buyers, from expert photography and enticing descriptions to online listings and social media promotion.

4. Navigating Negotiations: Gaining an advantage in negotiations will help you get the greatest bargain for your house. We'll offer professional advice on rejecting offers, dealing with snags, and navigating the inspection and evaluation procedures.

5. Texas Unique Considerations: Learn about the peculiarities of home selling in the Lone Star State. We'll arm you with the knowledge you need to make wise choices, from comprehending local market dynamics and regulatory requirements to taking advantage of Texas's robust economy and desired lifestyle.

6. Partnering with Professionals: Discover how to put together a strong team of real estate experts, such as brokers, photographers, and lawyers, who can help you sell your home and ensure a smooth transaction.

7. Timing and Market Trends: Understanding the timing and market trends in Texas real estate can help you stay one step ahead of the competition. We'll go into detail about seasonal variations, new buyer preferences, and market conditions to assist you make wise decisions so that you may sell your house quickly.

8. Closing: Find out how to successfully conclude the sale of your Texas house. We'll lead you through the procedure from managing paperwork and legal requirements to organizing inspections and last-minute walkthroughs until the keys are handed over.

Selling your home in Texas doesn't have to be daunting. You'll be prepared to negotiate the market with confidence, draw in motivated buyers, and sell your property more quickly than ever before using the secrets and techniques shared in this guide. Prepare to start your road to successful selling in the Lone Star State!

Click here to see what your home is worth in today's market. 

Posted in education
Oct. 18, 2023

Rental market in Houston remains high

With mortgage rates at their highest level in 20 years and home prices gradually retreating from record highs, consumers continue to flock toward rental housing across the Greater Houston area. 
 
According to the Houston Association of Realtors’ (HAR’s) September 2023 Rental Market Update, rentals of single-family homes rose 8.0 percent year-over-year with the average lease price climbing 5.1 percent to $2,298. A total of 3,464 leases were signed compared to 3,207 in September 2022. 
New listings of single-family rentals rose 7.4 percent in September, providing an ample supply of homes to meet the steady demand. Days on Market, or the actual number of days it took to lease a home, increased slightly from 27 to 30 days. 
 
“Rental homes are still highly sought after throughout the Houston housing market and that is the direct result of elevated mortgage rates and home prices overall,” said HAR Chair Cathy Treviño with LPT, Realty. “We have seen moderation of home prices in recent months, but I believe most consumers right now are more concerned about where interest rates are than about pricing.” 
 
The townhome/condominium rental market saw gains in September. Leases of those properties jumped 12.6 percent with 635 units leased compared to 564 last year. The average lease price fell 3.1 percent to $1,880. New listings rose 6.4 percent and Days on Market went from 31 to 32 days.
 
Pre-pandemic Perspective: Compared to the last September before the pandemic, single-family home rentals are up 19.2 percent. In September 2019, leases were signed for 2,905 single-family homes. The average rent is currently 25.0 percent higher than it was back then – $1,839. Townhome/condominium rentals totaled 552 in September 2019. That is 13.1 percent below the September 2023 volume. The average townhome/condo rent is currently 18.5 percent above its September 2019 price of $1,587.
 
Posted in Market Updates, News
July 31, 2017

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

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You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates