What’s Trending in Houston Real Estate?

Looking to buy in the Greater Houston Area?  Get a full MLS access 

Looking to Sell in the Greater Houston Area?  Get a free home market analysis

We’re definitely in a strong seller’s market. Right now the Houston area has a low inventory of homes due to more people looking to purchase a home than there are homes available for sale. Great rates, low prices, and a lack of other people selling are all factors that shaped this supply and demand.

Regarding the state of home values, we’re currently going through a market upswing. Furthermore, economists have predicted that we will continue to see appreciation over the next few years. Yet another reason to purchase a new home!

The average number of days a listing stays on the market can vary, but right now that number is very, very few. With listings being made available on the internet and through various media apps, homes are typically gone within two or three days. If it’s a nice house in a nice area and it’s priced right, it will likely be under contract in a week or two.

"Overall, now is a great time to buy or sell."

The demand for both homes in the suburbs and properties very close to downtown are heating up. As a whole, Houston and its entire metro are a very competitive market across the board. Overall, now is a great time to buy or sell. If you’re selling, your home will sell if it’s priced right and put on the market. If you’re buying, interest rates are still historically low, and home values are still down compared to where they will be in three to five years.

If you’re looking to either buy or sell, give me a call or send me an email.

How Do You Manage Multiple Offer Situations?

Looking to buy in the Greater Houston Area?  Get a full MLS access 

Looking to Sell in the Greater Houston Area?  Get a free home market analysis

How do you juggle multiple offer situations as a seller? Before accepting an offer, there are a few factors to pay attention to.

Is the highest offer always the best? The first factor is, of course, the price, but it’s not the only one. What are the other concessions the buyer is asking for? They may include closing costs, home warranties, preferred dates, and more.

Next, ask about earnest money. How much are they offering? This shows how serious (or not) they are about moving forward with your home. What about their option period and how much are they willing to put down for it?

Additionally, take into consideration the buyer’s agent, on the other side of the transaction. They’re going to help your agent get to the closing table!

What should I consider when accepting an offer? When considering different offers, I always recommend researching ahead of time. That way, when the offer is right in front of you, you'll already have all the information. You can then make an educated decision.

As for cash offers, it’s ultimately a personal decision. It has to do with timelines. A cash offer will close quickly, but they might ask for a better deal since they’re not financing. Conversely, a finance offer will require at least 30 days, but it’s likely they’ll match your listing price, or even offer more.

"A professional will help you sort through the details of the offers."

How can a qualified professional help? A tailored professional will help you sort through the details of the offers. They have tools and resources you otherwise wouldn’t have. It’s always great to utilize an agent to explain this complex term into simpler words.

If you’re thinking about buying or selling a home in the surrounding area, I’d be happy to chat with you! Call or email me at your earliest convenience. I’d be happy to answer your questions!