As you know, I like to start off each month’s paper with something that will put a smile on your face. Here’s this month’s attempt–I hope you find it as funny as I did!
Two dog owners are arguing about whose pet is smarter.
“My dog is so smart”, says the first owner, “that every morning he goes to the store and buys me a sesame seed bagel with chive cream cheese, stops off at Starbucks and picks me up a mocha latte, and then comes home and turns on ESPN, all before I get out of bed.”
“I know,” says the second owner. “How do you know?” the first owner asks. “Because my dog told me!” boasts the second owner.
Here’s an article I wrote for my newspaper in the fall of 2013:
About one year ago, we began to witness a dwindling supply of homes for sale due to the large number of incoming buyers. This trend has been going on for a few months, and some people were expecting the real estate market to settle down. Well, that has yet to happen. Homes continue to sell at a frantic pace as we move into fall, and we still have a multitude of incoming petroleum related buyers wanting to purchase a home. Average days on market fell 39% year over year and the month’s supply of inventory dropped an astounding 51% over last year Believe or not, the list price to sales price ratio has been over 100% 4 months in a row, which has never happened before. When multiple offers come on a popular home, the price goes up from the list price to the highest offer.
Fast forward to late 2018:
The inventory of homes for sale continues to grow as more renovated flood homes pour onto the market in addition to the oversupply of homes already for sale. These renovated previously flooded homes are like new on the inside, many have a closer in the Houston location, and are selling very well, albeit at about 10-14% below where their values were before the flood.
Buyers understand that the likelihood of such a flood happening again in their lifetime is extremely limited and the prices are a bargain compared to homes that did not flood. I estimate that about 70% of all flood renovations that are going to come up for sale, have come up for sale at this point. We still have many to go.
Multiple Offers. Even though we have about 6 sellers for every buyer in Katy, we at DRRG are still attracting multiple offers on many properties. Why? Because we are honest enough to inform a seller of the reality of pricing in this market and whether now is a good time for them to sell, given their expectations compared to market conditions. When a home is priced in such a way that it appeals to one buyer, it appeals to many buyers and our Targeted Market Launch, premium marketing and staging techniques bring several competing prospective buyers into our client’s homes within 3 days of listing.
It’s a great market for smart people! Find out how much the value of
your home has changed at MyValue123.com.
Save BIG money on commissions when selling. Did you know that we have several service plans to reduce the commission to as little as 3% when you hire us to sell your home? We even have a program that will work towards paying off your remaining lease when you buy a home through us. Then, there is always the 4.5% team sale program. You always get the best money saving deal regardless of your situation. Make the smart move, call today and save money.
The Home Marketing Expert. 281-599-6575