A study has concluded that 39% of buyers prefer to rent out their last residence rather than sell it when purchasing their next home.
The study cites that many homeowners were able to refinance and “locked in a very low mortgage rate in recent years. That low rate, combined with a strong rental market, means they can charge more in rent than they pay in mortgage each month... so they are going for it.”
This logic makes sense in some cases. Residential real estate is a great investment right now. However, if you have no desire to actually become an educated investor in this sector, you may be headed for more trouble than you were looking for. Are you ready to be a landlord?
Before renting your home, you should answer the foll...Read more
Posted on 1/22/2017 at 1:00:00 PM
Posted on 12/17/2016 at 6:22:00 PM
The Texas housing market saw a slight increase in home sales volume in the third quarter while median prices also continued to rise.
The Texas Quarterly Housing Report, released today by the Texas Association of REALTORS®, shows that 91,248 homes were sold in the past quarter, representing a 0.2% increase compared to the third quarter of 2015. The median sales price of $214,000 was a 7% jump in the same timeframe.
“Texas home sales in 2016 continue to edge out last year’s record-breaking sales volume, and in many local markets, growth is still very strong,” said Leslie Rouda Smith, chairman of the Texas Association of REALTORS®.
Housing inventory and active listings rose slightly—0.1 months to 3.9...Read more
Posted on 11/3/2016 at 3:00:00 PM
When a homeowner decides to sell their house, they obviously want the best possible price with the least amount of hassles. However, for the vast majority of sellers, the most important result is to get the home sold.
To accomplish all three goals, a homeowner should realize the importance of using a real estate professional. We understand that technology has changed the purchaser’s behavior during the home buying process. For the past three years, 92% of all buyers have used the Internet in their home search according to the National Association of Realtors’ most recent Profile of Home Buyers & Sellers.
However, the report also revealed that 95% percent of buyers that used the Internet when searching for a home purchased ...Read more
Posted on 6/2/2016 at 3:00:00 AM
To successfully appeal your property tax bill, you first need to do a bit of sleuthing into your real estate assessment
It’s possible to trim your property tax bill by appealing the value the taxman assigned to your home. That “assessed value” is what’s used to calculate the tax you owe.
One way to lower your property tax is to show that your home is worth less than its assessed value. You can do the initial research online, or you can contact me to help, even if you’re not my client (yet).
If it turns out you’re right, and your property is assessed at too high a value, the process for appealing can stretch out for months.
Read Your Assessment Letter
Local governments periodically assess all the real e...Read more
Posted on 4/28/2016 at 4:26:00 PM
The Spring real estate market has arrived early this year, just like our Spring weather has! Sellers, you need to consider putting your home on the market now. The inventory is low and buyers are looking to purchase their new home now. The best decisions are made when time is ample and surprises are few, so if you’re considering buying or selling a home, contact me to discuss your options. Free list of available homes or market analysis. No obligation.
Posted on 2/22/2016 at 10:00:00 AM
29,068 – Single-family homes sold, five percent more than 2014.
$263,900 – Median price for single-family homes, nine percent more than 2014.
$333,558 – Average price for single-family homes, eight percent more than 2014.
49 – Average number of days that single-family homes spent on the market, two days more than 2014.
36,810 – New single-family home listings on the market, four percent more than 2014.
6,044 – Active single-family home listings on the market, five percent more than 2014.
29,839 – Pending sales for single-family homes, five percent more than 2014.
$9,695,852,178 – Total dollar volume of single-family properties sold, 13 percent more than 2014.
Posted on 1/26/2016 at 11:38:00 AM