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Expert Tips for Navigating the Real Estate Market

My mission at The Queen Team Real Estate is to be your best resource for real estate advice. Whether you are a buyer, seller, or investor, I can answer any questions you might have about real estate. Subscribe to this blog to get the latest news on local market trends and receive expert tips for buying or selling a home.

Thursday, October 5, 2017

Staging Tips for Selling Your Home During the Holidays


If you plan on selling your home during the holidays, I have four tips to help you stage and decorate your home without overwhelming potential buyers.

Selling in the greater Houston area? Get a market analysis report
Purchasing in the greater Houston area? Get full MLS access

This time of year, the calendar is packed with holiday parties and budgets are strained by gift giving. A lot of people think that now is not the season for real estate.

The good news is that there are still plenty of brave house hunters out there who do venture out during the holiday season in serious pursuit of buying a house. The right decor and stylish trimmings can make them want to celebrate the holidays in your home.

If you are selling during the holiday season, try these tips to get buyers in the right spirit:

1. Clean and stage before you decorate your home. Your home needs to be staged. If your home is already piled high with clutter, adding ceramic holiday decorations will only increase the sense of overcrowding. Limit yourself to a few items of holiday flair and stash the rest in the basement for now. A few decorations can stir the holiday spirit, but don’t feel obligated to hang every last ornament.

Make sure your decorations are in tune with the feel of your house.

2. Compliment your palette. Before you start untangling cobwebs or tinsel, make sure your holiday decor matches your current decor. If you have an earthy color scheme, focus on decorative accents with rich tones like pumpkins, cranberries, and forest greens and golds. Keep your decorations in tune with the feel of your house.

3. Accentuate the positive. Too many decorations may distract buyers but the right accessories can draw attention to your home’s best features. Hang ghoulish ghosts or dangle a mistletoe in archways or display your menorah in front of bay windows. Don’t block the view with sticky holiday decals or clutter the elegant fireplace with too many personal, seasonal items. We know you love them but not everyone will.

4. Go light on the lights. Step away from the inflatable snowman! Remember, one man’s light is another man’s tacky, so tone down any over-the-top displays while your home is on the market. (No, your neighbors didn’t pay us to say that!) Instead, use simple string lighting to play up your home’s architecture.

I hope these tips help you prepare your home for the market this holiday season. If you have any additional questions, please don’t hesitate to reach out to me. I would be happy to help you!

Monday, August 14, 2017

Why Consider Buying in a Seller’s Market?


Even though we are in a seller’s market, it’s a great time to buy. Here’s why.

Selling in the greater Houston area? Get a market analysis report
Purchasing in the greater Houston area? Get full MLS access

If we’re in a seller’s market, why would you consider buying a home in 2017? Well, according to Forbes, home prices appreciated beyond expectations in 2016 and mortgage rates were flirting with record lows before inevitably passing 4% for the first time in two years.

Home prices rose in every month of 2016, with the largest increase being in the last half of the year. According to experts, prices will continue their climb in 2017, but at a lower rate. This means you can take advantage of the slowdown in appreciation right now.

Mortgage rates are going up, too. Economists predict that they will increase by at least 1% by the end of 2017. If you wait to buy a house, you might not be able to afford the same home you could now. Why would you wait to save up and have less buying power?

Economists predict interest rates will go up by 1% this year.

More and more millennials are transitioning from renting to buying, but the inventory of homes is limited and probably won’t grow significantly in the next few years.

Home builders aren’t building enough homes to make up for the shortage, either. With mortgage rates and home prices increasing, affordability will become a problem in the near future.

If you’re thinking of buying or selling a home, give me a call or send me an email. I look forward to hearing from you soon.

Tuesday, August 1, 2017

What You Need to Know Before Selling in 2017


If you have been thinking of selling this year, I have some information you may want to consider.

Selling in the greater Houston area? Get a market analysis report
Purchasing in the greater Houston area? Get full MLS access

Since home values have been on a climb in the recent past, many people assume this trend will continue.

However, the general consensus among housing analysts and economists is that the local real estate market will slow down in 2017.

According to Forbes, the appreciation in 2016 was beyond expectation, and mortgage rates had an influence on previous record lows. Inevitably this caused them to cross over 4% for the first time in two years.

Additionally, prices rose each month of last year. The largest increase came in the last half of the year.

The local real estate market will slow down in 2017.

This climb is expected to continue; however, it will slow down this year. In other words, if you are thinking selling, the time to do so is now. What we’re seeing is a perfect storm.

A slow, steady increase in home values combined with low interest rates and low inventory means the market is currently a great place for sellers.

This is especially true now that millennials are ready to become homeowners.This puts starter homes at an even higher level of demand.

Also, while experts say that prices will gradually increase, overall sales growth will start to slow. This cooling trend eases some of the recent affordability issues we’ve seen in our market.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.