Preferred Properties of Texas

The Preferred way to buy & sell real estate for you

People Are Planning On Buying Homes Soon

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Although some homeowners might be tempted to wait until spring to sell their homes, homebuyers don’t want to wait. As rising mortgage rates are being beaten, there is high demand. In response, buyers are eager to enter the market or move their plans higher so that they can purchase as soon as possible.

The number of people who are fast-tracking their plans for purchasing a home has increased over the last three months. Many buyers are now assessing their strategies and realizing that they need to act quickly. It’s a sign that homeowners who are looking to sell may now be the right time to list .

Some people are planning ahead, while others are putting their plans in motion. The time on the market is a good indicator that homebuyers are motivated to move quickly.

Homebuyers are changing their strategies and moving forward. Others are moving today. This means the demand for your house has risen.

Because there are so few homes for you to choose from, it is important to sell your house sooner in order to take advantage of the high buyer demand and get more houses listed in your area. This is why it’s important. Buyers will have more choices as there are more houses on the market. Your house will still be the center of attention until then.

Let’s get your home SOLD! Contact Preferred Properties of Texas and speak to one of our trusted agents.

 

Original article: https://www.keepingcurrentmatters.com/2022/02/16/more-people-are-planning-to-buy-a-home-soon/

If You Think The Housing Market Will Slow This Winter, Think Again

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The opportunity to benefit from today’s low mortgage rate and the changing homeowner requirements make it easier for Americans to purchase a home. Experts say buyers are moving right now, which is creating a strong market for home-buying at this time of the year. It is time to find out what this means as we move into next year’s early part.

What does this all mean for the winter market?

Buyers are actively looking for homes and are competing for them. All signs point to the market for winter housing picking up speed, as a result of the momentum from this fall. This will make it busier than usual. As we have seen, 2021 and 2020 were not typical real estate years. It appears that 2022 could be next on the list.

Bottom Line

You might be wrong if you believe the housing market will slow this winter. Call Preferred Properties of Texas to speak to one of our local real estate professionals if you are thinking of buying or selling a house this winter.

 

For original blog click link:  https://www.keepingcurrentmatters.com/2021/12/13/if-you-think-the-housing-market-will-slow-this-winter-think-again/

October Might Just Be The Best Time To Buy

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Are you thinking of buying a house? We have good news for those who are.

Although it’s clear that the housing market has had a fantastic year, most headlines focus on the benefits for buyers. What about buyers? You’ll likely be facing bidding wars as you look for the perfect home. You don’t have to feel discouraged if you are looking for your dream home.

There is a golden window for those who are looking to purchase a home.

There should be an increase in the number of homes for sale. realtor.com predicts that more homes will be on the market in October. According to the findings, 17.6% more homes will be available than we had at the beginning of the year.

This will allow you more choices, which is a relief in a tight housing market.

You should see a slight decrease in bidding wars as there are more homes on the market. Because there are so many options, buyers might not be as competitive for homes because they have more options.

This means that writing an offer may be less competitive and have a greater chance of winning the bid. It’s important to make a strong offer.

As we approach the end of the year realtor.com suggests that this week could also be one the most popular weeks for price reductions in the 2021. The data from the past shows that an average of 7.0% homes experience a price drop in this week. What is the reason? Why?

This means that although home prices continue to appreciate overall, there may be some homes where price adjustments are made by eager sellers. Closing a house is a lengthy process. Sellers may be more motivated to close by the end of the year if they can do it in October.

Don’t let your enthusiasm die if you are in the market to buy a home. According to data, early October could be the time you finally find the home of dreams. To keep you motivated and on the right track to finding the perfect home, you should rely on an experienced real estate professional as your advisor. Give us a call today. 

 

Link to original article: https://www.keepingcurrentmatters.com/2021/09/28/early-october-is-the-sweet-spot-for-buyers/

Why Sell Your Home Alone, An Agent Can Help

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Partnering with a professional real estate agent is something to think of if you want to maximize your sale and minimize the effort. You might be tempted to list your house by yourself in a seller’s market, such as today’s. However, it is possible to save money by hiring a professional real estate agent to manage every step of the process from the pricing of your home to the review and negotiation of documents.

A great agent will make a good first impression.

Preparing your house for selling takes a lot of effort and time. To make it stand out it takes experience and knowledge of the needs of buyers. A real estate agent will consider:

 removing personal art and photos, the amount of landscaping put into your home to increase curb appeal, and which wall colors appeal to buyers the most.

Expert real estate advisors uses their expertise to make sure you don’t waste your time and money on the wrong investments. It is important to not waste your money and time.

Agents offer tools that will maximize the number views for your home.

The simple truth is that the more buyers view your house the greater your return. According to latest data of the National Association of Realtors (NAR), homes receive 3.8 offers an average per sale in today’s market. It’s a good sign that your home is on the market. However, it’s important to know your agent’s role in bringing potential buyers into your home.

Agents have many tools at their disposal, from social media to agency resources. This will ensure that more buyers view your home. You may also be able to increase your home’s value by leveraging the expertise of your agent.

A good agent won’t leave anything out.

You can save time by having your agent take all the guesswork out and navigate to the necessary documentation. Today, there are more disclosures and regulations, which means that you will need more legal documents.

There are so many details to consider, it can be overwhelming to fully understand them all. An expert advisor is the best way to shine. An expert advisor has been through this process before and can guide you to avoid costly errors.

Our experts know the market and how best to price your house.

A way that your agent can maximize the sale price of your home is to make sure it’s correctly priced. Real estate professionals can compare your house with similar properties in your neighborhood. They can also help you to factor in any home improvements. This combination is key to making your home move-in ready – at a reasonable price.

FSBO is a way to operate without expert knowledge. Even with your own research, it’s possible to miss the most recent information and set a price that is inaccurate or unrealistic. A house priced too high could cause buyers to walk away before they even get inside the door. This could also lead to problems during the appraisal.

Your agent is an expert negotiator.

Real estate professionals have the ability to negotiate all aspects of a deal. This is in addition to their extensive sales experience. They know all parties that are involved in the sale, including:

  • The buyer is someone who wants the best price.
  • The buyer’s representative who will use his/her expertise to advocate on behalf of the buyer.
  • The inspection agency works for the purchaser and almost always finds problems with the house.
  • An appraiser who evaluates the property’s market value in order to protect the lender.

A good agent will rely on their knowledge and training to make the best decisions during negotiations. They will be able to tell you what levers to pull and how each individual should be addressed. Selling your house to FSBO will require you to be able to have these conversations by yourself.

Don’t go at it alone. If you truly want to maximize the sale of your home, give us a call. We are here for all your Real Estate Needs!

 

Link to original post: https://www.keepingcurrentmatters.com/2021/09/29/dont-tackle-selling-your-home-on-your-own-an-agent-can-help/

What’s Ahead For Texas Real Estate In 2021-22?

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Researchers at the Texas Real Estate Research Center see a more stable Texas housing market ahead, as soon as pandemic-induced home shortages dissipate.

Good article to read from The Texas Real Estate News Center click on link below:

https://www.recenter.tamu.edu/news/newstalk-texas/?Item=26340

 

Housing Shortage May Finally Be Starting To Lift

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The massive housing shortage that started before the pandemic, and was then made worse by it, may finally be beginning to ease.

More supply is appearing on the market suddenly, which will undoubtedly help frustrated buyers and, in the long term, could take some of the heat off of home prices.

According to Realtor.com in June, new listings rose by 5.5% and 10.9% respectively year over year. The 10 larger cities with the highest number of new listings increased by 20% or more compared to last year were the most successful.

Our June data report indicates that buyers have good news, despite the fact that there’s still a lot of homes to sell and that home prices are at a record high.

As sellers entered the market with a variety price points across the country, inventory declined more than in the earlier pandemic.

It is not surprising that inventory has increased because most new listings fall between May-June, after the spring market. However, today’s housing market doesn’t follow the traditional rules. The pandemic caused unprecedented demand for larger suburban homes.

We noticed an improvement in the number of new listings between May and June. This suggests that sellers are entering market historically later in the season. It could also mean that we will see home buying continue into the autumn as buyers look for new opportunities.

Unexpected new supply is good news for homebuyers. Many have been left out in bidding battles. However, the market remains extremely tight. The inventory of homes on sale fell 43.1% over the past year, which is 415,000 less homes than were available on a typical June date. However, this is an improvement on the more than 50% declines that were seen in May, March, and April. Again, new listings were higher but still far below the June pre-pandemic average.

However, there is still more supply available for some buyers who are frustrated. The market is improving slightly. It means that more people have signed contracts to buy their next home. This in turn means there are more listings available because they are now able sell their home.

The month’s inventory, which is a calculation of how much has been sold compared to how much remains for sale, saw a slight increase, but not enough.

Housing boom will slowly recede if there are more homes on the market. It is unlikely that the housing boom will fall sharply or “bust” simply because of favorable demographics and historically low mortgage rates.

Preferred Properties of Texas

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