Could the Fall be a Seller’s Market?

It is often said that fall and winter are considered the slow season for listing a home to sell. However, Realtors have seen a change in recent years and this old adage isn’t holding as true anymore thanks to motivated buyers and less competition. Strategically, these two conditions could make the fall the best time to make your move. Buyers who are out looking for a home during the fall months are typically needing to find a home quickly do to a job relocation or other life change, making them eager and ready to buy the right house. In addition to a more keen buyer, listed houses often face less competition during the fall and winter months. This less saturated market can be a huge advantage to the seller. Furthermore according to research on listed homes compiled by the Redfin Corporation, homes listed during the off months “have a 9 percentage point greater likelihood of selling, sell a week faster, and sell for 1.2 percentage points more relative to list price than homes listed in any other season.” It’s time to put the thought of slow fall season to rest and get your house ready to...

Fall in Love with Buying Now

According to time.com, fall is quickly becoming the hot season for buyers. “For the first time in recent history, October surpassed June as the most popular month to get married. And these autumn-loving brides may be on to something: Although the spring months are notoriously the best time to buy real estate (as well as have a wedding), fall may be the new ideal season to buy a home.” Among the reasons why fall is the time to buy are tax advantages, less competition and end-of-the-year sales. Time. com spoke with tax adviser, lawyer and personal finance expert, David Hryck. Hrych advised that both property tax and mortgage interest are tax deductible on the entire year’s income regardless of closing date as long as it falls within the tax period’s calendar year. Further more, he noted, “Any payments that are made prior to the closing of the loan are tax-deductible. This can make a serious difference in the amount you owe the government at the end of the year.” Typically, the fall brings a slower real estate season. Often this gives advantage to the buyer allowing them more confidence in making an offer without fear of a multi-offer bidding war. A slower market also allows the buyer to be more aggressive with negotiations and potentially get more for less. As silly as it sounds, end-of-the-year sales are also a major perk of moving into a house in the fall season. A new house often needs new furniture and decor which can add up quickly. Fall buyers can take advantage of these end of season sales to help soften the...

Taking Advantage of an Agent’s Knowledge

According to a quick Google search, knowledge is defined as” facts, information, and skills acquired by a person through experience or education; the theoretical or practical understanding of a subject.” Knowledge is exactly what you get when you use a Doug Erdy agent. Our agents aren’t merely working in the areas we serve, we are living in these areas. This means we walk these streets, send our kids to school in these districts and mingle where you will mingle. We have the intimate familiarity of the area that proves to be invaluable to our clients when finding the home that fits their needs. Our agents’ knowledge base is constantly broadened with ongoing education opportunities. Agents attend conferences, weekly team training and are able to learn from the experience of other agents in the group. All of this allows our agents to stay atop of the real estate industry. It is more than our knowledge that makes us the best, it’s our application of the knowledge and our agents’ unstoppable desire to provide the best service. Alexander Graham Bell is credited with saying, “Before anything else, preparation is the key to success.” If you’re looking to have a successful buying/selling experience, get prepared for the process by calling The Doug Erdy Group and teaming up with one of our knowledgeable...

The Benefit of Selling with a Realtor

Selling your house can be an emotional experience. It’s a time of transition from a home that has held many memories into a new chapter of life. Without a Realtor, there are many unknowns that can add to the stress. Realtors are able to minimize this stress with their market knowledge, negotiating skills, insight on home staging and preparations, and more. In today’s world it’s all about who you know and real estate isn’t any different. Selling with a Realtor opens doors to a vast network of potential buyers including contacts in the real estate world who may have the right buyer for the house. According to REALTORMag, “Property doesn’t sell due to advertising alone. A large share of real estate sales comes as the result of a practitioner’s contacts with previous clients, friends, and family.” The Doug Erdy Group is able to help you navigate the selling experience, market your house in the most effective way and make this transaction as easy as possible. Contact us today to get set up with one of our knowledgeable Realtors and let us get your home...

Why do I need a Realtor to buy?

Realtors are real estate connoisseurs and their expertise can be used to your advantage when buying your next home. Some may tell you, “Don’t worry about a Realtor, you can do this on your own. After all, nobody knows what you want better than you.” While the latter may be true, our Realtors are trained with the knowledge of navigating the crazy world of real estate and have the ability to take your wish list and make it into your dream home. It is often said the number one rule of real estate is, “location, location, location.” Realtors are able to guide you into the best locations for you using their in-depth knowledge of the area. According to REALTOR Mag, Realtors can provide you with information on “utilities, zoning, schools, and more.” This valuable information can help buyers further asses an area and property to determine if it is the best fit. At the Doug Erdy Group we pride ourselves in being a luxury boutique real estate brokerage. This means we have team members that specialize in many areas of expertise and always have someone to fit your needs. Whether it’s a lakefront home, an urban townhouse or a family home in the suburbs we’ve got you covered from A to Z. Keep checking back for updates on using Realtors for selling and other reasons using a Realtor is the best option for you....

New Home Discounts

The Doug Erdy Real Estate Group announces a Summer Close-Out new Home Program. The DEG has negotiated a new deal with several new home builders in Houston and Dallas that will enable new home buyers to receive up to $5000 off any new inventory home that closes by October 31, 2016. The program dubbed “Simple Solutions Home Buyer Program” also has amazing incentives for buyers currently in leases or that need to sell their current home. Program highlights include, lease buy-outs up to 6 months, list for 1% on listing commissions when buying new and $5000 in rebates or upgrade allowances. This program will save buyers and sellers thousands of dollars when purchasing new home construction. Please call Doug Erdy, Broker/Owner of The Doug Erdy Group 832-265-1954 or 281-359-2172 for details and plan requirements....

Galleria

The Doug Erdy Real Estate Group has opened it’s 3rd office! “The new Galleria location located on Post Oak will allow us to further expand our clientele base and offer our award winning service to the midtown/uptown market.” Dawn Parker will oversee the day to day operation and help to recruit and build a veteran...

What a Home Buyer Wants

When someone is selling a home, it is easy to get sentimental about it and to take rejection rather personally when someone chooses not to buy.  However, to the potential home buyer, the house is merely a commodity.  They have not built memories in it yet.  They are not personally attached to it the way the seller is.  And they are not looking at the sellers’ decorating taste or the work put into building that deck or game room in the same way the seller is.  This can be difficult to remember, but to a buyer, only three main factors predict whether or not they decide to buy: price, condition, and location. Price.  Research needs to be done to find out whether the home is in a buyers’ or sellers’ market.  It is important for a seller to remember that the potential buyers have access to the current market information just as the sellers do.  While it may be tempting to ask for a higher price because of how much a seller personally values a home and what it means to him or her on an emotional level, this could result in an inability to sell.  Stay within the confines of the current market for that area, and try to keep emotion out of it. Condition.  Many condition issues are easy to fix and don’t cost much, if anything, to accomplish.  Make sure the yard is mowed and any landscaping looks tidy, the paint is clean and fresh-looking, the floors are clean and not outdated, the walls are not outdated in terms of color or wallpaper patterns, and that...

Real Estate Statistics that May Surprise

The Chief Executive Officer Spencer Rascoff collected real estate statistics from his database at Zillow.com of 110 million homes to find trends in real-estate pricing.  Some of the findings were rather surprising. Homes with addresses on a “Way” sold for more than those on a “Street”, and named streets had about a two percent higher resale value than numbered streets, unless you are in NYC (where it made no difference), or the street is a Main Street, which sell for an average of four percent less. Further, streets with the words “Lake” or “Sunset” in them have about a 16% higher resale value than those that didn’t.  So, it appears that the name of the street actually makes a difference in what people are willing to pay. Numbers in addresses also make a difference. The number 7, for some reason, has an impact.  Houses with just a lone “7” sell for 1.8% higher than the estimated value, but “777” homes sell for 2.1% below.  And addresses that have other numbers but include “777” (like 17778) sell for 1.8% less.  So apparently three 7’s in a row is a turn-off. When you sell makes a difference in how long it will take to sell and how much you can get for it. In New York, at least, the worst time to sell is the second week of December and the best time to sell is March. Psychological pricing does in fact work. Having a nine in the thousand slot instead of a zero (449,000 vs. 450,000) actually does cause homes to sell four days to a week faster. The “Starbucks...