If you want to sell your Houston home, but you’re not sure what the market is like, read this article to get the scoop. It will explain why the Houston real estate market is so great for buyers, and why you should consider selling to a real estate investor. In this article, we’ll cover the benefits of selling your Houston home to an investor, plus some other helpful tips. Read on to find out what the Houston real estate market has in store for you!
Houston is a buyer’s market
When a real estate market turns into a buyer’s market, buyers can often take advantage of lower prices. Home prices in Houston County are generally lower than the national average. These lower prices are often accompanied by longer home sales, which means that you may be able to save money on your new home. In fact, 76.9% of homes sold below asking price last month, so you may be able to get a good deal.
In the middle of June, the Houston real estate market began cooling, and home sales took their first major dip in over four years. This was due to a perfect storm of rising interest rates, record-high prices, and a climate of inflation. Despite the lack of inventory, however, there was an ample supply of new listings, bringing the inventory level to 2.0 months, which is the highest since November 2020.
Houston is a seller’s market
In most cities, whether or not Houston is currently a seller’s market depends on submarkets, including the Heights and other flooded neighborhoods. In Houston, the market area covers about 600 square miles, so it can be difficult to assess the current state of the market. However, there are some general factors to consider when determining whether or not Houston is a seller’s market. These include: mortgage rates, affordability, and demand.
Home sales in Houston reached record volumes in 2018 and year-to-date figures for both the city’s one-bedroom and two-bedroom neighborhoods. Despite the continued demand for real estate, Houston’s inventory level remains at nearly 14,000 homes. As a result, the average sale time for a home is 23 days, but some can take as long as six days. Some homes even receive multiple offers. Despite the persistent imbalance in supply and demand, the Houston real estate market is still strongly beneficial to sellers.
Selling to a real estate investor
When you’re ready to sell your home in Harris County, you may want to consider selling to a real estate investor. These investors purchase homes and often repair them before renting or selling them for profit. There are a variety of Harris County real estate investors to choose from, and the process is fairly straightforward. Here are some benefits of selling your home to a real estate investor. They’ll pay top dollar for your home, and they can close in as little as seven days.
First, you’ll save money on selling costs. Normally, home sellers must pay closing costs, which are between 1.2% and $24,500, depending on the type of home and the neighborhood. Additionally, sellers can negotiate the price of their home by shopping around for cheaper real estate agent fees. When selling your home in Harris County to a real estate investor, you can be sure of getting the best price and the fastest transaction possible.
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