The first day of Spring brings on the anticipation for blooming flowers, weekends at the ball park and for the real estate world, the start of busy season.
While the competition may increase in a Springtime realty market, buyers shouldn’t be dismayed. With Houston-area housing prices remaining below the national average, home ownership can be the ideal option. Per statistics and information gathered by Moonraker Marketing and Great Guys Moving, this housing cost difference is about six percent lower than average while apartment rental prices are more than 30% above the national average.
Coupled with the affordable housing costs, Springtime often offers an increased inventory of homes from which to choose. Sellers find Spring to be ideal for many reasons, including their Springtime curb appeal. Houses don’t get a second chance to make a first impression and a well-manicured yard in full bloom warmly welcomes interested buyers. As the school year wraps up, buyers begin to realize if they are wanting to be settled before the next school year, now is the time to be buying. Heightened competition can also result in a higher selling price for many sellers compared to other, slower real estate seasons.
For buyers looking to buy in this hot season, there are a few tips to consider to help edge out the competition. Get pre-approved by a lender before setting out on your search. This works two-fold to give you a more realistic budget and to also let homeowners know you can back up what you offer. Also, work with a Realtor. Realtors are more than just a formality, they are your local experts and can help guide you through the ins and outs of different neighborhoods, answer questions or concerns you may have about home ownership, finances and more.
The Doug Erdy Group is filled with Realtors who are knowledgeable in the Houston area, the real estate market and the best business tactics to approach your deal, either as a buyer or a seller (or both).