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real estate market

What’s the Real Estate Market Like in the Houston Area?

by adminApril 11, 2023

written by admin

Major real estate players agree on one thing. They say that this is the year for big real estate market opportunities. Now’s the time to make your move.

A good real estate market is the Houston, Texas, area. It’s a great idea to know about the trends and forecasts for 2023.

Read on to learn what the real estate market looks like in the Houston area.

How’s the Housing Market in the Houston Area

Trends show that there has been a major change in this city’s real estate market. In 2022, single-family home construction slowed down. This year, more of these homes are being built, as demonstrated by the number of housing permits issued.

Data also shows that construction for multi-family homes is on the up. There’s a significant increase in this area. Experts believe that builders will continue to add more homes to the Houston area market.

The housing market in this city is now a seller’s market. This means that home prices tend to be higher. In turn, homes tend to sell faster.

Average Cost of Homes in the Houston Area

The median price for homes in Houston, TX, was $315,000 at the start of the year. The median price has been increasing in the last 12 months. The good news is that the median price has been fairly stable.

A one-bedroom home is about $145,700. A two-bedroom home is about $215,200.

Compared to other nearby cities, Houston still has affordable homes. In nearby Hedwig Village, the median price for a home is 1.1 million dollars. In Hilshire Village, it’s $890,000.

Availability of Homes in the Houston Area

As of March 2023, there were 10,160 homes for sale in this city. About 330 one-bedroom homes were available. Last month there were about 1,400 two-bedroom homes available.

The average sale time now stands at 42 days. Over 1,290 homes were sold within 30 days of going on the market.

About 530 homes were sold between 30 and 90 days. It took over 90 days to sell 327 homes.

Keep in mind that there’s a difference between the asking price and the sold price. Data shows that 1,285 homes were sold under the asking price.

About 460 homes were sold at the asking price, while 410 homes were sold over the asking price.

There’s a key takeaway here. If you’re planning to buy a home, you may be able to get a good deal on one.

The housing forecast shows that Houston will continue to be a seller’s market. Now is the ideal time to sell a home in Houston if you want to make a profit.

Even if you have a home that you believe might not sell, you should sell it. Visit homeofferhouston.net to get an offer for your home.

The Real Estate Market in Houston, Texas

As you read, the real estate market in the Houston area is now a seller’s market. This means that now is the best time to sell a home. If you have a home you want to sell, you should put it on the market.

Make sure to explore the rest of our blog to continue reading more great articles.

April 11, 2023 0 comments

General

Living in Spain – 5 Fantastic Reasons to Move to Spain

by adminDecember 13, 2021

written by admin

As of 2020, 5.8 million people from overseas live in Spain as permanent residents. If moving across state lines sounds daunting to you, that’s nothing compared to moving across the Atlantic ocean.

So many people decide to move to Spain because it offers opportunities and benefits that the US doesn’t. And since you’re reading this now, chances are you’ve been wondering, “should I move to Spain and leave the US?” too!

If you’ve been humming and ahhing about how to move to Spain for a while, don’t let the naysayers deter you from your dream. There are plenty of great reasons to move to Spain, and here are some of the best ones.

1. Plenty of Visa Options

Choosing to move to Spain isn’t only a decision you make with your heart. It’s also a practical choice because Spain offers lots of viable visa options.

The most attractive is the Non-Lucrative Visa (NLV). It allows non-EU citizens to live in Spain as permanent residents as long as they can pay for healthcare and earn money outside of the country.

If you have a remote job or draw a pension, you have a real shot of the Spanish government approving your visa application. And there are plenty of other visas you can try if this one doesn’t work for you.

2. Excellent Real Estate Market

One of the huge benefits of moving to Spain is the real estate market. There are few restrictions for foreigners wishing to buy property in Spain. And the house prices are more affordable than many other western European countries.

You can take your pick of modern, beachside apartments or traditional white Spanish villas.

3. Mediterranean Lifestyle

Siestas, the Mediterranean diet, the slow pace of life… the laid-back lifestyle is appealing to many stuck in the US rat race.

You don’t need to follow a guide to living in Spain because you’ll pick it up straight away. Eat delicious food on your balcony, take a nap in the afternoon, and enjoy a fiesta in the evening.

Congratulations! You’re an honorary Spaniard.

4. Your Pick of Beautiful Locations

Spain boasts so many stunning cities, villages, and towns that the hardest part about moving there is picking only one place to live.

When it comes to big cities, there’s the capital city Madrid and its Catalan cousin, Barcelona. You also have historic Granada and Seville to the south, cosmopolitan San Sebastian to the north, and so many between.

5. Incredible Year-Round Weather

Who can talk about moving to Spain and not mention the unbelievable, warm year-round climate? No matter where you are in Spain, the summers are scorching and the winters are pleasant and warm.

If you want to move to Spain only for the great weather, no one would blame you.

What Are You Waiting For? Move to Spain Today!

Planning a move to Spain can seem daunting, but it could also be the best thing you ever did.

Donate your winter coats, pick up a Spanish phrasebook, and get ready to live your dreams surrounded by white sand and red sangria! Relocating abroad is a logistical and emotional upheaval, so get organized. Browse our website for tons of useful finance and travel tips that will help with the big move.

December 13, 2021 0 comments

Real Estate

Where Is the Luxury Real Estate Market Headed From Here?

by adminNovember 20, 2021

written by admin

Luxury real estate owners and agents are enjoying high prices and a seller’s market, and have been for the past couple of years. It’s been a great time to sell a luxury home, whether you’re an individual owner or a real estate agent working on their behalf.

Will this momentum continue and push prices higher? Is the luxury real estate market headed for a crash? Or will prices simply stabilize in time?

How the Luxury Real Estate Market Is Different

Luxury real estate follows most of the same trends as typical real estate, with a few important differences. For starters, luxury real estate buyers aren’t just looking for a certain square footage or a certain price; they’re interested in finding something both unique and superior to the typical homes on the market in a given area. Because of this, sellers, buyers, and marketers must engage with these properties differently.

Additionally, prices in the luxury real estate markets tend to be somewhat more volatile and unpredictable than in other sectors; in fact, they’re often considered indicating factors of what’s in store for the rest of the market. If luxury real estate prices begin to spiral downward, real estate agents all over the country brace for the worst.

Why the Luxury Market Has Been Up

The luxury real estate market has been booming for several important reasons, including:

· Low interest rates. Arguably the biggest factor for rising prices is decreasing interest rates. Federal Reserve interest rates were already low at the start of the COVID-19 pandemic, and these rates were slashed even further to spur economic activity. One of the downstream effects of this is that consumers have access to much lower interest rates for mortgage loans – ultimately lowering the monthly costs of home ownership and driving more people to purchase homes. Increased demand naturally leads to higher prices in this area.

· Remote work, freedom, and mobility. The COVID-19 pandemic also saw an increased number of people working from home, and in many cases, permanently. People have had more freedom to live where they want to live, leading to increased moving rates for people with high-earning jobs.

· The increased role of the home environment. In line with this, the home environment has become more important than ever. People have spent more time indoors, realizing the importance of having a home workspace, a shared space with family, and additional space for activities like physical exercise. Accordingly, homebuyers have gravitated to buying bigger, more luxurious properties.

· Limited inventory. There’s a finite amount of property available and new homes aren’t being constructed at a fast enough rate. Inventory is shrinking in many areas, and with demand only growing, the limited supply is pushing prices even higher than normal.

What Could Change?

If these factors continue putting pressure on the market, it’s likely that luxury real estate prices could climb even higher. However, any of the following events or changes could force prices to stabilize, or even lead to a crash:

· Rising interest rates. The Federal Reserve has announced plans to raise interest rates by 2023, but it’s unclear how or when, exactly, this is going to unfold. When interest rates rise, real estate market prices tend to fall; if the interest rate grows too rapidly, it could end up triggering a full-scale real estate crash (which is something the Fed wants to avoid if possible).

· An economic slump. A major economic downturn could also spell trouble for the luxury real estate market. If stock prices begin to fall and unemployment begins to rise, it could force some luxury real estate buyers out of the market – and make conditions tougher for those who remain.

· A surge in inventory. A big surge in inventory could significantly decrease supply concerns, mitigating high prices on the supply side. For this to happen, we would need a massive increase in new constructions in areas around the United States; even if this unfolds, it could be months before we see the effects.

· Major political events. Major shakeups can also come from major political events, such as a change in leadership or the start of a military conflict.

It’s hard to say where the luxury real estate market is headed from here because there are so many independent factors responsible for prices and demand. The matter is even more complicated because there isn’t a single, comprehensive luxury real estate market we can easily track; instead, luxury real estate markets are multifaceted and distributed, with each area of the country subject to its own increases and decreases. While it’s entirely possible for luxury real estate prices to rise further, it would only take a single detrimental event to reverse this momentum.

November 20, 2021 0 comments

Home Improvement Real Estate

Do Solar Panels Increase Home Value? A Basic Guide

by adminApril 15, 2021

written by admin

If there’s one conversation about the real estate market these days, it’s about property values. In spite of the pandemic, home values surged 10% in 2020. Some areas experienced larger gains than others.

The market will eventually correct itself, which makes choosing the right home projects more important. You need to make sure they deliver a return on investment by increasing your home values.

You can add solar panels, update your kitchen, or add an outdoor patio. That leaves you wondering, “Do solar panels increase home value or not?”’

Property Value Factors

Property values defied expectations over the last year because of the basic principle of supply and demand. More people realized that they can live and work from anywhere, so they fled to the suburbs.

Sellers remained reluctant to sell and chose to wait out the pandemic. Add very low interest rates on top of that, and you have a lot of people who want to buy and very low inventory.

Home values also depend on local factors. A new school being built will be attractive for young families. That causes property values to increase.

A home down the street from you that’s run down can drive down property values in your neighborhood.

Market demand also impacts property values. There are some amenities that buyers want, such as a fireplace or open concept kitchen. If your home has these items, then you can get more for your home.

Do Solar Panels Increase Home Value?

Once you understand what goes into property values, you can look at the solar panel ROI. According to a study by Zillow, solar panels increase home values by 4.1%.

There are two reasons why solar panels deliver a high ROI. The first is that more people are aware of skyrocketing energy costs to power their homes. They view solar panels as a way to offset those costs now and in the future.

The second reason is that there is a high level of interest in solar panels. Homebuyers get the benefits without taking on an installation project.

Are you guaranteed to see an increase in property values after your solar panel installation? It depends because some homeowners opt to lease solar panels instead of owning them outright.

That may prevent you from selling your home because the lease isn’t transferrable. If it is transferrable, a homebuyer may be reluctant to take on the lease.

The most important thing to do is to hire an installer like Blue Raven Solar company that ensures you own the solar panels instead of leasing them.

Get Solar Panels Installed

Solar panels are a great way to lower the energy costs in your home now and add value to your property.

Do solar panels increase home value? They can as long as you live in an area with high demand and you own the solar panels upon installation. There’s no reason why you should wait to get solar panels. For more real estate news, be sure to visit the News section of this site.

April 15, 2021 0 comments

General

6 Reasons Why Direct Mail Marketing Is Essential for Real Estate Marketers

by adminNovember 23, 2020

written by admin

The real estate market is quite competitive. And people keep looking for homes to buy. As a result, it is crucial for real estate marketers to look for reliable marketing channels that will generate profitable leads. One of the most reliable strategies is direct mail marketing.

With that said, this post will show you some of the reasons real estate marketers rely on direct mail marketing.

Creating brand awareness

Direct mail marketing works in real estate because it promotes brand awareness. How so? Well, for starters, direct mail is tangible. Therefore, the mails you send will stick around people’s houses over an extended period.

The more you send direct mails, the more people become aware of your brand. You can sendreal estate marketing flyersthat will strengthen your brand’s presence to help attract new clients and sell homes. Even if the recipients don’t use the information at present, they will be aware of what your company does. They will also see your brand and logo so that whenever they want your services, they will come right to your agency.

According to Deal Machine, real estate direct mail templates always generate desired results because they help “you target high quality leads using engaging mailers that include a picture of the owner’s property.”

Creates a local connection with potential clients

In the real estate business, local connections are a key consideration. You see, buyers want to work with real estate marketers that are familiar with the local market. This is because towns and zip codes play a significant role in a property’s value.

With direct mail marketing, you are able to send targeted messages. The mail you send will illustrate that you know a lot about a particular geographic location. Buyers will most likely trust you as a real estate marketer because they believe that you will get them the best deal possible. The same applies to homeowners who want to sell, and this makes creating a local connection critical.

Direct mails can be automated

Another reason marketers prefer direct mail marketing campaigns is because they can be automated. You can rely on modern systems to create real estate direct mail templates that’ll help you engage better with your prospects.

Besides, an automated direct mail campaign allows you to track your progress with ease. More importantly, you will save a significant amount of time. The time you’d have spent printing and mailing these campaigns can be best used on other more valuable tasks. That way, you can spend your time growing your business and interacting with clients and prospects alike.

Ideal for creating long-term relationships

An upside to direct mail marketing is that they allow you to build lasting relationships with your clients. Frankly, building tangible relationships is crucial to the success of a real estate business. How so? Well, when you have a long-term relationship with clients and they need to move again, you’ll be their go-to company.

Fortunately, direct mail marketing is tangible, which means that it creates a personal relationship. If a client knows you provide satisfactory services, he/she will ultimately come to you when the time for relocating comes.

Establishes authority

Real estate marketers also rely on direct mail campaigns because they help them establish authority. Needless to say, the real estate market is quite competitive. To get clients’ attention, therefore, you must do something that makes you stand out from your competitors.

Luckily, you can rely on direct mail to establish yourself as a figure of authority within the local real estate market. You, however, have to make sure that you provide your target audience with valuable information. You must also make sure your mailing list receives updates regarding any changes in the market.

Easy and quick to implement.

The real estate market continues to change by the day. Luckily, you no longer have to spend hours printing and mailing your campaign. This marketing strategy allows you to work with any kind of budget while giving you a lot of flexibility even with large orders.

A modern direct mail campaign allows you to monitor the trend in the market. That way, you can adjust your strategies accordingly to suit your target audience as well as give you an authority in your real estate market.

All this is easy to start, and it takes a significantly short time to gain momentum.

Conclusion

Direct mail marketing is an effective strategy that can help real estate marketers generate profitable leads. This article lists some of the reasons why direct mail remains a reliable tactic.

November 23, 2020 0 comments

Real Estate

Hardest Things About Real Estate Agents

by adminNovember 18, 2020

written by admin

A real estate agent is a professionally licensed individual who works to represent customers and vendors in the stage of real estate transactions. A real estate agent works as a BPO worldwide on commission and is conferred a smart percentage of properties’ disposal price.

To become a real estate agent, one should have been practicing through a licensed real estate broker or firm, get professionalism with experience, and have a specialized license to work as an agent. Agents act in different activities, relying on whether they are working for the seller or buyer.

Agents who are working for the seller are also known as the listing agents. They usually recommend the customers about the price of the property and ready it for sale. However, they encourage customers with various tips and improve the price through networking and advertisement to promote the property. Here are some points that make their career hardest.

Finding Customer and Dealing

Finding clients is considering a challenging part while building a career in the real estate industry for the first few years. Most of the events bring a negligible amount rather than their expectations.

But if an agent can last with a complimentary view and attentive to his daily tasks can make himself/herself successful in this industry. Another most challenging part of becoming a productive real estate agent is dealing with the customers to fulfill their requirements.

The agent should know about the market rate and find the best properties around the location at a reasonable price. Learning all techniques and handling clients to satisfy them through proper training is necessary to become an experienced, effective agent in this industry. Many companies have been arranging real estate training and cooperating with the agents for their terminations in the real estate industry.

Driving Own Expectation

The life of a real estate agent is full of ups and downs. They suffer from various health problems like chronic anxiety, depression, etc. These problems come from excessive time on every phone call, emails, supervision, evaluations, etc., whenever something unfavorable happens. But whenever a customer’s offer is getting accepted, or they are being selected for a new agency, eventually, everything seems to be very familiar to them, and nothing can bring them down.

Losing Opportunity to Another

Real estate market is very competitive. Missing the opportunity to stay in a listing or buyer to another agent is considered the hardest thing to a real estate agent.

Having the Leads

Contacting customers at the right time can increase one’s networking. Lack of connection with the clients indicates another challenging thing to a real estate agent.

Financial Instability

This plays a significant role in the real estate industry. Every agent can go through the highest point of listing. Financially prepared agents can take a deal for a year or two, making sure they will be economically available to sustain in this sector, which is very hard for a financially unstable agent. Apparently, real estate agents work it efficiently whenever they want to do and rehash lots of money, but they also face difficulties that make it hard for the profession. From the review of Alp Perez – montreal based realtor, the difficulties will come out more clearly.

November 18, 2020 0 comments

Real Estate

Flipping Fundamentals – 5 Ways to Boost the Value of Your Next Flipped Property

by adminNovember 16, 2020

written by admin

Property flipping is on the rise. With a few smart upgrades and investments, you can turn a lonely old house into a hot item on the real estate market. Like all good things, however, that transformation doesn’t happen by magic. You’ll need to know what you’re doing when you get into a new flipping project. Being prepared entails everything from staying on top of market trends to knowing what interior paint color will appeal to the widest audience of buyers. To make your next project a little easier, here are five ways you can maximize value when it comes to flipping property.

1. Clean Up the Kitchen

It’s no exaggeration to say that many people decide whether or not to buy a home based on its kitchen. This space is about more than just food preparation. It is the heart of the home, where families gather throughout to share meals, complete homework, and simply hang out.

Make sure your property’s kitchen is the best it can be by investing in attractive appliances like an induction stovetop (with matching induction cookware), double ovens, and upscale refrigerators. Better appliances can seriously increase your home’s value in the long run.

2. Keep It Neutral

Although you’re likely flipping this property with your own profits in mind, you’re ultimately not doing it Every renovation, change, and update is for the buyer. So, it’s essential that you make your property as neutral as possible. Interior design might offer ample opportunities to express yourself, but when it comes to flipping, you need to put your own tastes on the backburner while you prioritize design aspects that will appeal to your audience.

3. Know Your Budget

This might seem intuitive, but it’s essential that you keep a firm budget from beginning to end. It’s essential that you follow what’s known as the 70% Rule when you’re flipping a property: your initial purchase and renovation expenses should amount to no more than 70% of the property’s value after its repairs. That means if you want to sell a property for $500,000, you shouldn’t spend a cent over $350,000. Applying this rule is essential to ensuring that you make a decent profit on your flip.

4. Maximize Your First Impressions

Curb appeal is the golden rule of selling real estate. If your property doesn’t catch a buyer’s eye as they’re strolling down the street, then it’s likely not going to stir up enough interest to convert into a sale.

Even if the interior is beautiful, it can be tough (if not impossible) to make up for a lack of curb appeal. Make an unforgettable first impression by updating the exterior with a fresh coat of paint, repairing any damage, and investing in attractive landscaping. After all, even a freshly-painted front door can lead to huge profits.

5. Take Your Time

If you’re like a lot of enthusiastic flippers, you might be chomping at the bit to get your project done and on the market where it can make you money. However, in many cases, real estate rewards long-term planning. Rather than putting your property up for sale immediately, it might benefit you greatly to take your time and wait for market conditions to change. Real estate is famous for its ability to appreciate in value – if you wait for your property to appreciate, you could reap significantly greater profits than you would have otherwise. Flipping real estate properties can be a personally and financially rewarding experience. No matter how large or small your project is, maximizing your value is key to getting the most out of every flip.

November 16, 2020 0 comments