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. Looking to buy in the Greater Houston Area?  Get a full MLS accessLooking to Sell in the Greater Houston Area?  Get a free home market analysis 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. Contact Us   Written by Ruby Miranda on September 23, 2018. Posted in Buy A Home, Buyer Tips, Financing A Home, First Time Home Buyers, Home Loan Process, Market SnapshotTags: Buy Your Home, Buyer Tips, Financing A Home, First Time Buyer, Market Snapshot Trackback from your site. Leave a Reply

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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. Looking to buy in the Greater Houston Area?  Get a full MLS accessLooking to Sell in the Greater Houston Area?  Get a free home market analysis 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: 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. 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. 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. 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! Contact Us   Written by Ruby Miranda on September 23, 2018. Posted in First Time Home Sellers, Home Staging, Market Snapshot, Sell Your Home, Seller TipsTags: First Time Seller, Home Staging, Market Snapshot, Sell Your Home, Seller Tips Trackback from your site.   Leave a Reply.

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Why Do Some Agents Ask for Exclusivity?

Why do some agents demand a buyer’s exclusivity? Well, most agents don’t want to put in their time and effort without being certain of a buyer’s loyalty. Looking to buy in the Greater Houston Area?  Get a full MLS accessLooking to Sell in the Greater Houston Area?  Get a free home market analysis When are you committed to a real estate agent, why do agents demand exclusivity? Well, unlike most professionals who receive a steady paycheck, agents usually work on a commission. Buyer agents who are showing you properties and negotiating on your behalf are basically working for free. So in order for them to devote this kind of time and energy, they’ll want to know you aren’t going to switch to another agent once you get closer to closing. In order for an agent to devote their time and energy to you, they’ll want to know you aren’t going to switch to another agent once you get closer to closing. Some agents will ask you to sign a buyer’s rep agreement. This contract binds you and the agent to each other in a mutual working relationship for a given period of time. Once you sign this agreement, you are legally obligated to work with that specific agent. For this reason, it’s always important to read the contract carefully. If you sign the agreement and are happy with the agent, you should stick with the contract. However, you can ask the agent to cancel the contract if you are unhappy and don’t want to continue. Generally speaking, agents won’t want to continue working with a disgruntled client anyway. If you haven’t signed a buyer’s agent agreement, you aren’t legally tied to an agent and can move on whenever you please. But even if you aren’t technically exclusive with a single agent, people will tend to assume you are working together if you carry out a number of consecutive tasks with that same agent. Voice your expectations from the start to avoid any awkward misunderstandings. 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. Contact Us   Written by Ruby Miranda on September 23, 2018. Posted in First Time Home Sellers, For Sale By Owner / FSBO, Market Snapshot, Sell Your Home, Seller TipsTags: First Time Seller, For Sale By Owner, For Sale By Owner / FSBO, Sell Your Home, Seller Tips Trackback from your site.   Leave a Reply.

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