What Can I do to sell quickly in Today’s market?

First, I would like to mention that the market in Houston was not affected as the rest of the country like Florida & California where you hear that the home prices dropped 50-60% and that foreclosures are more than 50% of the houses for sale in the market

In Houston, foreclosures are less than 10% of all the houses for sale. The distribution of foreclosures can vary by neighborhood. Some have had many foreclosures and some didn’t have any. Also, the demand within a specific price range can also affect the price.

To sell your house, first your house has to be priced right. Over-priced homes will stay, stay and stay in the market. If you list your house for $200,000 while it really worth $170,000, don’t blame the market or the agent.

If you drop the price over a 6 months period to $175,000 that doesn’t really mean that you gave up $25,000 and that the market is bad. You should have started with the $175,000 in the first place.

To get the highest price in the market, that means that the house has to be in the best condition. Prepare your home to be ready for potential buyers and keep nice, clean and organized to leave a good impression on potential buyers.

There are always ways to sell your home, please feel free to send me your questions, request a free market analysis for your house, or test the market for 45 days.

Check out home sellers guarantees.

Thanks,

Jimmy Farag, Realtor

Hotline (832) 303-5000

www.buysellhouseshouston.com

Why My House Didn’t Sell? Is the market that bad?

If you are asking this question that means that your house was either listed with a realtor or listed as For Sale By Owner (FSBO) didn’t sell. Getting phone calls from realtors the day the listing of your house expired telling you “we know why your house didn’t sell”? Others calling telling you “A house like this can be sold for $20,000 more”? OR Your asking price is way too high?

Honestly, I can’t tell you why your house didn’t sell without seeing it. There are many conditions that can be the reason for not selling. It can be the location, the condition of the house, the age, the upgrades, the floor plan, size of the yard, even a pole in the backyard can affect the price.

Location: Most of the buyers prefer houses that are in a cul-de-sac or a quiet neighborhood that is safe for the kids. If you are on a busy street or a busy street passing behind your house, that a negative point that has to be considered in the price.

Condition: When we are talking about condition, we are talking about the outside and the inside. Most homeowners maintain the inside and forget about the outside. The outside appearance is the first impression about the house. Many buyers drive around to see the area and how it looks from the outside before calling their agent for showing. Do you do regular treatment for termites and insects? Do you check the condition of the roof and foundation?

Upgrades: There is a difference between upgrades and maintenance. If your water heater is old and you change it, that a maintenance and is not a reason for a higher house price. Let’s think about it the other way, if you don’t replace the water heater, you will have to drop the price or give the buyer credit for it, but if you replace it, that will keep your house at the market price. Upgrade is changing the carpet with hardwood floors or laminate countertops with granite.

Foreclosures: Is there any foreclosed homes for sale or sold in the last 6 months in your neighborhood? Sold foreclosures can affect the market value of your house even if your house is in a better condition. Current foreclosures are your competitors in the market because banks price them to sell fast and noticed that many of them now drop their price every month, it can be an aggressive drop, $10,000 for couple of month and then starting dropping it by $5000.

These are just some reasons, it can be different from one house to another. So before you ask yourself why your house didn’t sell, check the competition, the condition, the location and if the price is matching accordingly. The price has to be the market price not just the price you want to get.

I hope that this blog is an eye opener for you and has some AHAs for you.

Thanks,

Jimmy Farag, REALTOR

Realm Real Estate Professionals

Phone: (832) 303-5000

Cell: (832) 744-7424

Fax: (281) 598-5402

Homes for Sale in Sugarland TX

www.SellMyHouseJimmy.com

www.HoustonHomesforSale-Here.com

www.HoustonForeclosureHomesFree.com

Why My house went expired? In other words didn't Sell?

Why My House didn’t sell?

If you are asking this question that means that your house was either listed with a realtor or listed as For Sale By Owner (FSBO) didn’t sell. Getting phone calls from realtors the day the listing of your house expired telling you “we know why your house didn’t sell”? Others calling telling you “A house like this can be sold for $20,000 more”? OR Your asking price is way too high?

Honestly, I can’t tell you why your house didn’t sell without seeing it. There are many conditions that can be the reason for not selling. It can be the location, the condition of the house, the age, the upgrades, the floorplan, size of the yard, even a pole in the backyard can affect the price.

Location: Most of the buyers prefer houses that are in a cul-de-sac or a quiet neighborhood that is safe for the kids. If you are on a busy street or a busy street passing behind your house, that a negative point that has to be considered in the price.

Condition: When we are talking about condition, we are talking about the outside and the inside. Most homeowners maintain the inside and forget about the outside. The outside appearance is the first impression about the house. Many buyers drive around to see the area and how it looks from the outside before calling their agent for showing. Do you do regular treatment for termites and insects? Do you check the condition of the roof and foundation?

Upgrades: There is a difference between upgrades and maintenance. If your water heater is old and you change it, that a maintenance and is not a reason for a higher house price. Let’s think about it the other way, if you don’t replace the water heater, you will have to drop the price or give the buyer credit for it, but if you replace it, that will keep your house at the market price. Upgrade is changing the carpet with hardwood floors or laminate countertops with granite.

Foreclosures: Is there any foreclosed homes for sale or sold in the last 6 months in your neighborhood? Sold foreclosures can affect the market value of your house even if your house is in a better condition. Current foreclosures are your competitors in the market because banks price them to sell fast and noticed that many of them now drop their price every month, it can be an aggressive drop, $10,000 for couple of month and then starting dropping it by $5000.

These are just some reasons, it can be different from one house to another. So before you ask yourself why your house didn’t sell, check the competition, the condition, the location and if the price is matching accordingly. The price has to be the market price not just the price you want to get.

I hope that this blog is an eye opener for you and has some AHAs for you.

Please feel free to contact me any time.

Thanks,

Jimmy Farag, REALTOR Realm Real Estate Professionals Phone: (832) 303-5000 Cell: (832) 744-7424 Fax: (281) 598-5402 Homes for Sale in Sugarland TX www.SellMyHouseJimmy.com www.HoustonHomesforSale-Here.com www.HoustonForeclosureHomesFree.com

What is Earnest Money?

In buying or selling a home, buyers and sellers might be confused because of all the different new terminology used. Sellers don’t remember the terminologies and need refreshment and a first time buyer might need a dictionary to help them.

What is Earnest Money?

When a buyer offers to purchase a home, the offer usually includes Earnest Money.

Earnest Money is to demonstrates to the seller that you are serious and interested in buying the home.

Many agents would say that “Earnest Money is one percent of the offer price of the home”, I would say that it is negotiable and depends on how interested you are in the house. I had a buyer who offered 25% earnest money to show how interested he is in the property. In Texas, earnest money is usually paid to the title company within 2 days of the executed contract. (Executed contract is when buyer and seller have the contract signed by both parties)

Buyers are always wondering what will happen to the money in case they decided to buy or not to buy.

In case, buyers decided to continue with the contract and buy the house, the earnest money will be used as paid amount towards the price of the house (as it is part of the downpayment) and you will be able to see it on the HUD statement at closing.

In case, buyers decided to terminate the contract, it will depend on the terms of the contract. For example, when you make the offer, you request an option period of 10 days (A negotiable period of time that can be 7 to 10 days of the execution date). If you terminate the contract in day 5, you can get your money back. If you terminate the contract in day 11, you will lose your money.

It is very important to have a Realtor helping you in the process to explain the details in the contract and do the negotiation part for you and make your real estate transaction as smooth as possible.

I am a real estate professional representing buyers and sellers, my job is to do the best of your interest.

For more information, contact Jimmy Jimmy Farag, REALTOR Realm Real Estate Professionals Phone: (832) 303-5000 Cell: (832) 744-7424 Fax: (281) 598-5402 Homes for Sale in Sugarland TX www.SellMyHouseJimmy.com www.HoustonHomesforSale-Here.com www.HoustonForeclosureHomesFree.com

Missouri City Home Prices & Sales in 2011

MISSOURI CITY MARKET ANALYSIS This is the market activity in Missouri City in 2011 as of 6/14/2011 Homes for Sale 667 Foreclosures or Short Sales 102 % of Foreclosure of Homes for Sale 15.29% New Construction Homes 62 List Price $40,000 - $1,800,000 Houses SOLD in 2011 437 Sale Price $32,500 - $1,200,000 Average Days on Market 87 days Average Price per Sq. Ft. $89.45 *     * This information is about all the Homes in Missouri City TX, the analysis can vary from one neighborhood to another. For more information about the market analysis in your neighborhood, please feel free to contact me any time for FREE consultation.   For more information, contact Jimmy   Jimmy Farag, REALTOR Realm Real Estate Professionals Phone: (832) 303-5000 Cell: (832) 744-7424 Fax: (281) 598-5402 Homes for Sale in Sugarland TX www.SellMyHouseJimmy.com www.HoustonHomesforSale-Here.com www.HoustonForeclosureHomesFree.com

Sugar Land Market Analysis

SUGARLAND MARKET ANALYSIS
Homes for Sale	860
List Price	$43,000 - 3,495,000
Houses Sold	306
Sale Price	$45,000 - 2,950,000
Average Days on Market	72 days
Average Price per Sq. Ft.	$81.13
This information is about all the Homes in Sugarland TX, the analysis can vary from one neighborhood to another. For more information about the market analysis in your neighborhood, please feel free to contact me any time for FREE consultation.
You can also see all the Homes for Sale in Sugarland Search by Zip Code: 77478 - 77479 - 77498 Neighborhood: Avalon, Barrington Place, Greatwood, New Territory, Sugar Creek, Sugarmill, Sweetwater, Telfair
For more information, contact Jimmy Jimmy Farag, REALTOR Realm Real Estate Professionals Phone: (832) 303-5000 Cell: (832) 744-7424 Fax: (281) 598-5402 Homes for Sale in Sugarland TX www.SellMyHouseJimmy.com www.HoustonHomesforSale-Here.com www.HoustonForeclosureHomesFree.com

Why My House didn’t sell?

Why My House didn’t sell?

If you are asking this question that means that your house was either listed with a realtor or listed as For Sale By Owner (FSBO) didn’t sell. Getting phone calls from realtors the day the listing of your house expired telling you “we know why your house didn’t sell”? Others calling telling you “A house like this can be sold for $20,000 more”? OR Your asking price is way too high?

Honestly, I can’t tell you why your house didn’t sell without seeing it. There are many conditions that can be the reason for not selling. It can be the location, the condition of the house, the age, the upgrades, the floorplan, size of the yard, even a pole in the backyard can affect the price.

Location: Most of the buyers prefer houses that are in a cul-de-sac or a quiet neighborhood that is safe for the kids. If you are on a busy street or a busy street passing behind your house, that a negative point that has to be considered in the price.

Condition: When we are talking about condition, we are talking about the outside and the inside. Most homeowners maintain the inside and forget about the outside. The outside appearance is the first impression about the house. Many buyers drive around to see the area and how it looks from the outside before calling their agent for showing. Do you do regular treatment for termites and insects? Do you check the condition of the roof and foundation?

Upgrades: There is a difference between upgrades and maintenance. If your water heater is old and you change it, that a maintenance and is not a reason for a higher house price. Let’s think about it the other way, if you don’t replace the water heater, you will have to drop the price or give the buyer credit for it, but if you replace it, that will keep your house at the market price. Upgrade is changing the carpet with hardwood floors or laminate countertops with granite.

Foreclosures: Is there any foreclosed homes for sale or sold in the last 6 months in your neighborhood? Sold foreclosures can affect the market value of your house even if your house is in a better condition. Current foreclosures are your competitors in the market because banks price them to sell fast and noticed that many of them now drop their price every month, it can be an aggressive drop, $10,000 for couple of month and then starting dropping it by $5000.

These are just some reasons, it can be different from one house to another. So before you ask yourself why your house didn’t sell, check the competition, the condition, the location and if the price is matching accordingly. The price has to be the market price not just the price you want to get.

I hope that this blog is an eye opener for you and has some AHAs for you.

Please feel free to contact me any time.

Thanks,

Jimmy Farag, REALTOR Realm Real Estate Professionals Phone: (832) 303-5000 Cell: (832) 744-7424 Fax: (281) 598-5402 Homes for Sale in Sugarland TX www.SellMyHouseJimmy.com www.HoustonHomesforSale-Here.com www.HoustonForeclosureHomesFree.com