Category Archives: Luxury Real Estate
Posted by kwswrealty
Many Americans are chatting about the reasons why right now is the ideal time to buy new Houston real estate. We have already gone over the reasoning as to why now is the opportune time to purchase a home, but let’s dive a little deeper into why selling your Houston home right now makes complete sense. We have compiled 5 reasons as to why right now is the best time to sell.
1.) Demand for Houston Real Estate Is High
Any real estate is currently selling at the quickest pace since late 2009 when the market jumped due to the home buyer tax credit. The current Existing Home Sales Report by the National Association of Realtors (NAR) stated that monthly real estate sales have substantially increased 9.7% over the previous month from last year. Total homes and properties sold have been above year-ago levels for 22 consecutive months. Buyer traffic Is up to an unheard of 31 percent higher than one year ago and these Houston real estate buyers are quite serious about purchasing.
2.) Supply Is Slowly Starting to Increase
The total property inventory this previous month rose 11.9% to a whopping 2.16 million homes for sale. This, as of right now, displays a 5.2-month inventory supply at our current rate of sale, compared with an extremely low 4.3 months in January. Most real estate experts are expecting inventory to continually raise as negative equity slowly starts to escape most sellers homes. Bidding wars are occurring, and selling your home now may result in a higher price than originally thought.
3.) New Home Construction Is Coming Back With A Bang
During the previous few years, new homes were not a worry for competition when looking to sell your previously owned property. As the market starts recovering faster though, national builders such as David Weekly, D.R. Horton, Meritage Homes and KB Homes are making a drastic change to their building strategy. Although there are multiple differences that you must look into when comparing new versus pre-owned homes, this is still an upcoming threat to look at.
4.) Interest Rates Are Drastically Rising
Shown from Freddie Mac’s Primary Mortgage Market Survey, real estate interest rates for a traditional 30-year mortgage have increased to an unprecedented 3.98%, which ultimately represents a substantial rise of more than ½ point since January of this year. What is even scarier, is that even the experts in the Houston real estate field of mortgage rates are still expecting them to increase. For example, Polyana da Costa, senior mortgage analyst at Bankrate.com said:
“Rates are unlikely to keep going up so quickly and should remain below 5%.”
Whether you are looking to increase or downsize your current living situation, purchasing a home one year from now will be much greater than the rates you can receive at this moment.
5.) It’s Time to Make the Move You Have Wanted To
Put down on paper the reasons why you would even think about moving and let’s take a quick look at what is available for you right now. You have the ultimate power again to take back all of the control of your living situation by just letting us help you sell your house today. The time has officially come when you and your family can make the move, for the right price, and enjoy what truly matters in life, being with the ones you love.
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Posted by kwswrealty
Keller Williams Southwest is proud to announce that we have a new listing: 2811 Hinkles Ferry Richmond ,TX! As part of our Keller Williams Luxury Division, this home features 5 Bedrooms, 6 Full Baths and 7216 Square Feet. We would say that is enough for the whole family, plus some! With a lake front on over 2 acres of beautiful land, this home has everything you could need and more. Walk inside this gated community and you will be awestruck with how gorgeous the home truly is.
Don’t believe us? Take a look for yourself on this listing video created!
Still needing more information? Check out the listing right here for additional details and one on one photos. KW Southwest is in the heart of Sugar Land, Texas and is dedicated to providing the top rated realtors of all of the Houston Home area. With the market bouncing back up at a rapid pace, there is never a better time than right now to sell and purchase a home in Houston. With homes currently in “bidding wars”, you can definitely see that the housing market is back at the peak of it’s game!
Come check us out and see how one of our many talented Houston real estate agents can and will help you out. Our motto is win win or not at all and we can guarantee that if you list your home, or purchase a new home with any of our Keller Williams agents, it will be an easy win win for both parties.
Looking to start a career in Real Estate? Keller Williams is ranked #1 in the country for real estate as of February 2013! Come join a well established real estate company with over 30+ years of experience! With our well known training and dedicated staff members, we give you all of the tools you need to jump start your real estate career. Whether a compete new agent or a seasoned veteran, our marketing, branding and overall name can help you get your own real estate business off of the ground and running!
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