What Does Increased Housing Inventory Mean?

     

 Hi Prospects & Friends!

Increased housing inventory means more homes are entering the market, and this macroeconomic factor will cause more competition among the homes already in the market if the homes are cheaper and offering more advantages than your home. To understand how to handle increased housing inventory entering the market, if you already have a home on market would be to analyze the increased inventory homes entering the market first, and see if they are comparable to your home with having a CMA done by a real estate broker. The CMA will provide a competitive edge showing key factors on where the market is being driven with characteristics of the comparable homes and why. If the increased inventory of homes homes aren't comparable, then you still have to make sure their not cheaper if better than yours, and if they are, then this is a issue where if your appraisal is accurate on your home, then you can be at ease and not let it bother you and remain firm with your price. Eventually the increased inventory of homes entering the market will sell off and close out if they're more competitive than your home, but cheaper. A key factor to understand is increased inventory of homes do trigger higher DOM if their competitive advantage is better but cheaper.

Iran War & Real Estate

    

 Hi Prospects & Friends!

The Iran War has affected the majority globally and because of this, even real estate is unable to avoid it. Best thing to do is counter back back with finding hidden opportunities that become available in your area with real estate whether it be with; 

• Construction 
• Interest Rates 
• Foreclosures
• Short Sales 
• Loans
• Remodeling
• Rent
• Auctions
• Taxes

or whatever you may discover that can bring you better opportunities with your real estate journeys. 

Why Choose a Local Houston Real Estate Broker?

    

 Hi Prospects & Friends!

Working with a local real estate broker offers significant advantages. Local expertise allows clients to gain valuable insights into Houston neighborhoods, property values, and emerging real estate trends. At A. Colette Harris Properties LLC, we focus on building long-term relationships with our clients while helping them make informed real estate decisions. Whether you are looking for homes for sale in Houston, investment properties, or real estate brokerage services, our team is committed to delivering results. Book your appointment by clicking "Book Appointment" on our blog. We're open 24/7 and you're highly appreciated for choosing us for your real estate brokerage services. 

Buying Foreclosures

 

 Hi Prospects & Friends!

Buying foreclosures, can be a wise investment if you research the foreclosure in depth, and understand some of these key factors will play major roles;

• What kind of foreclosure is the property?
• Why is the property a foreclosure?
• Who owns the foreclosure?
• What is the DOM?
• Is the foreclosure causing tough buyer competition?
• Does the foreclosure have owners, tenants, squatters, living their or is it empty? 

Those are just a few key factors listed, but apply due diligence, in depth research, and your decision will be well thought out thoroughly, when you buy your foreclosure.