Alex Handley's Blog

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Introducing Buyers and Sellers
RE/MAX PREFERRED HOMES
        EMAIL ME        15050 Fairfield Villg Dr # 140, Cypress, TX 77429     Phone: (281) 373-4300     Fax:
Since 1995, I have helped people achieve their goal of finding their new dream home. Whether you are planning to buy or sell a home, this experience, along with my knowledge and credibility will help you make the most of your real estate decision.
APR
19

My insurance agent and good buddy, Tim Halloran Tim@GandHFinancial.com, just sent me this timely information. 

From the Insurance Information Institute:  Water can damage your home in many ways. Do you know what is covered and what isn't? This video explains the different types of coverage from burst pipes to torrential floods.

With the recent severe weather and hurricane season just around the bend (June 1st - November 30) this should be of interest to you.  Just clink this link for a short and informative youtube video. 

APR
18

From the REMAX Blog:  If you're selling a home for the first time, it's quite a different ballgame from what you experienced as a first-time buyer.

Ultimately, you're in control of the process. You call the shots on prepping your home for sale, deciding on a listing price, accepting (or rejecting) offers, and a host of other factors.

But you might want to heed the following tips:

APR
17

From the Huffington Post:  "Just like there’s a magic day to buy a plane ticket, there’s a specific month when you should try to sell your house: May.

In a new study, researchers at Zillow found that homes listed between May 1 through May 15 sold, on average, around 18.5 days faster than homes that weren’t listed during that timeframe. Homes that sold in the first half of May were also purchased for about 1 percent more than the average listing, which translates to a premium of about $1,700."

Considering the low inventory of homes and the stiff competition among buyers, now may be the time to list if you have been thinking of selling your home.  You can read the remainder of this article here.

 

APR
9

From Realtor.com:  House hunting is challenging enough at any time; shopping during a seller’s market is a whole additional difficulty level—and that’s what would-be buyers are seeing across the country. The supply of homes is low, demand is high, and sellers are in control. If you’re not careful, you’ll be left drying your eyes with the broken shards of your rejected bid. Sound painful? It is.

So you’d best bring your A-game, or don’t bother showing up at all.

Check out these seller’s market survival tips to stand out from the competition and get the edge.

MAR
14

Inventories could erode as early as this summer because the decline in U.S. shale output will probably be steeper than is widely assumed, according to Vienna-based consultants JBC Energy GmbH, which predicts prices could rebound to $50 a barrel in June. Much of the surplus the IEA estimates accumulated in the fourth quarter of 2015 hasn’t actually appeared in storage, suggesting the excess is smaller than thought, Standard Chartered Plc says.

More data has recently arose that further supports a significant rise in oil prices due to overestimation of the overall health of both the US and China economies. Recent GDP numbers point to a much stronger position than what had been reported over 6 months ago. This means that analysts have gotten it wrong again, but since we are in a world of instant information, the estimations and opinions of 6 months prior are already worked into the price levels of today.

Look here to find what, in the coming months, we will hear from analysts.

MAR
14

From the Wall Street Journal:  As we enter the busy season of home selling, buyers can expect lower inventories and higher prices, experts say, but low interest rates take away some of the sting.

As winter draws to a close, homeowners coming out of hibernation are looking for new homes. And those who sleep to late can expect to pay top dollar for the house they want.

Buyers are anticipated to outnumber sellers this spring, creating a shortfall in inventory that is driving up asking prices, says Lawrence Yun, chief economist for the National Association of Realtors, or NAR.

One piece of good news for home buyers this spring: Mortgage rates are expected to stay low.  Click here to more information from this article.

MAR
9

From MLS Report for February:  The Houston real estate market managed to resist most of the effects of the energy downturn in February, with home sales up over two percent compared to the same month last year. Single-family homes priced between $150,000 and $500,000 recorded positive sales volume while the luxury home segment experienced the biggest decline.

According to the latest monthly report compiled by the Houston Association of Realtors (HAR), February single-family home sales rose 2.2 percent versus February 2015, with a total of 4,602 sales compared to 4,505 a year earlier. New listings helped inventory grow from a 2.7-months supply to 3.4 months.

You can find the latest MLS release with February 2016 residential sales statistics here.

MAR
7

From U.S. News -- From the prehistoric hunters who walked across the land bridge from Asia to Alaska to the Vikings, Pilgrims and immigrants who make their way to America today, it's clear that if the concept of moving didn't exist, the U.S. wouldn't either. According to recent census records, about 16.5 million households, or 38.7 million Americans, move annually.

But that doesn't mean we're always good at choosing a moving company. There are many fly-by-night, unlicensed movers and enterprises that either intend to con you – or are too disorganized and inexperienced to offer you a good move.

So how do you know you're about to give money – and all of your belongings – to a crooked or subpar moving company? These three signs should give you pause.

MAR
2

From keepingcurrentmatters.com:  There are many benefits to homeownership. One of the top ones is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage.

The Joint Center for Housing Studies at Harvard University recently released their 2015 Report on Rental Housing, in which they reported that 49% of rental households are cost-burdened, meaning they spend more than 30% of their income on housing. These households struggle to save for a rainy day and pay other bills, such as food and healthcare.

Here are a couple other things the article points out.

 

FEB
29

From realtor.com:  Fasten your seat belts, it’s going to be a wild year in real estate! Our chief economist, Jonathan Smoke, has predicted that 2016 will be a true seller’s market, and it’s already galloping out of the starting gate.

Of course, not all homes are equal, and they don’t sell equally well, either. Most homes are a unique mosaic of attractive features (sparkling new granite counters!) and sometimes frustrating flaws (hey, what’s with the dilapidated porch?). Which part of that equation comes out on top will help determine what how quickly your place will move.

We analyzed the homes that generated the most interest and sold the fastest in relation to their architectural style and various amenities. Here’s what we learned.

 
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