Buyer’s Remorse – Infographics

Hi Res Buyers Remorse

Flat Rate Realty Services – No Joke!!!

I have been in the Houston Real Estate market for around 10 years. I have seen all kinds of clientele and most of them crouch about one thing in common.

Why Real Estate Agents get paid 3% on each and every transactions?

If it’s small sale price property, not a big deal. If you are dealing with 500,000 home, Agent commission is almost $15,000. I know it’s a lot. Do they do that much work to earn that money. Sure do, many realtors work hard to gain their fees. But if you put yourself in seller or buyer shoes, that’s lot of money for god sake. In this current internet era, where there is app for every thing and everything is made and simple and can be made easier to do. But we still do need personal presence to do Real Estate Transactions. That’s because it’s big ticket items for both sides. That’s not avoidable.

But is it possible to see whether agents are willing to work with reduced fees, sure why not. Many agents starting providing rebates towards closing from the commission to the buyers. Many agent started doing reduced listing fees. So it’s happening. We are going above and beyond to offer all transactions Flat rate. Easy and Pick and choose for your comfort level.

For example,
New Homes Purchase:
Sale Price under $250,000 – commission $750, all rebate paid back towards closing cost.
See Full Rate sheet for details.

Resale Purchase:
commission $1750 or 1% whichever is less – No Showings,
commission $2000 – 5 Showings & Close and goes up for every 5 shows.,

Listing fees:
commission $750 – Listing only,
commission $1000 – Listing & Sales Comps Provided and goes up., See Full Rate sheet for details. All listing requires min 6 month contract.

Investors:
commission $1000 for Purchase or Sale, everything as rebate paid back towards closing – only if expect to do multiple properties in a year.

It’s flexible and easy to cater all techno savvy client needs. See Full Fee sheet here.

We like Advice, Assist and Achieve together in a smart way. We hope this Flat Rate Services would make you happy and feel about the service provided as well.

Houston’s housing market stays strong – Real Estate News – What does it tell you?

Houston’s housing market recorded year-over-year increases in number of sales, prices, inventory and more in March, while leases skyrocketed in the rental market, according to the Houston Association of Realtors’ monthly report. However, the HAR report does note that the housing market was facing a lot of uncertainty over oil prices in March 2016, when both the number of homes sold and the average price decreased.

HAR Chair Cindy Hamann with Heritage Texas Properties – COURTESY
There were 7,013 single-family homes sold last month, up 11.7 percent from 6,278 in March 2016. Total property sales increased 10.5 percent to 8,495, and the total dollar volume from all sales was up 15.7 percent to $2.27 billion. The increases in average and median sales prices for single-family homes were less drastic. The average hit $284,279, up 4.6 percent from last year, and the medium was up 5.8 percent to $227,530. Both figures are records for a March in Houston.

All pricing segments saw increases in sales except for homes priced $149,999 and less. Homes priced between $250,000 and $499,999 saw the biggest jump in sales, up 23.1 percent year over year, and those priced at $750,000 and above came in second with a 19 percent increase.

Forward-looking indicators also saw big year-over-year increases. Total active listings were up 9.9 percent, and single-family pending sales were up 16.7 percent. Single-family inventory increased to 3.8 months in March, up from a 3.5-month supply both the previous month and a year earlier. Months of inventory estimates the number of months it would take to sell all the home listings on the market today based on the pace of sales over the past 12 months. Nationwide, inventory stands at a 3.8-month supply.

Meanwhile, rental demand skyrocketed, with a 36.6 percent increase in single-family home leases and a 37.8 percent in townhome/condominium leases. However, the average rent declined for both single-family homes, down 4.9 percent to $1,647, and townhomes/condominiums, down 5.6 percent to $1,487.

“Houston home sales blossomed in March, but we also saw tremendous activity in the rental market,” HAR Chair Cindy Hamann with Heritage Texas Properties said in HAR’s press release. “A healthy pace of new listings helped inventory levels grow, which is critical if we are to maintain the positive momentum.”

What does it convey to the Consumers?
New Home Buyer beware of the sales pitch. With the strong housing market, now developers are poise to start their marketing more fiercely and increase the price depending on the demand in the area. So don’t fall for it, you should still able to bargain since it doesn’t talk about the new home sales, it talks about SFH in general which includes resale homes. Due to less inventory, Resale home prices did go up in many Houston areas.

Investors, it’s going to be lot more competition with fight over less inventory in the market. It doesn’t mean you need to pay more which you all know. Do your numbers and stay away from pushy competitive properties. Beware of the Wholesalers who push you with high margin deals. Do your deals yourself by analyzing the market well.

I kept hearing why the market is still strong when Oil job market slumped last year because of the Houston job market is diversified compared to the past. I don’t agree to it 100%. It is better but like Dallas. We are still dependent on oil job market. Truth is last year job market fluctuation wasn’t really bad and oil prices stabilized which helped not to spread the negativity and kept the market floating.

As I always, Do your due diligence with help of realtor or mentor and buy it right…

New year, New Enthusiasm among buyers…

New year always brings new enthusiasm among many consumers in many different areas whether it’s weight management or changing job or having family or buying new home or something else.
Let’s stick with our topic of Real Estate. Many people usually decide to change where they live and might want to buy their first home this year. It might be their resolution which they been waiting to take action on for years. They might be just ready financially and mentally to jump on the bandwagon to be homeowner. I would like to welcome them and it might be good year to buy your home.

Market around Houston are somewhat stagnant and many builders are holding on their horses to see what’s going to happen with the oil Industry and Job market around town. Last year was bit slow due to the job losses and picked up later point. With Trump administration coming into office, that also brings some uncertainty among people. It’s not going to change much in the Real Estate Industry but possibly in Oil Industry which might have an impact in Job market cascade to the Real estate since its all interlinked.

Anyway, if you waited in side lines for so long. It’s not bad time to start your home vetting process. If you are new home buyer, Don’t forget to ask for Realtor Rebate!!!

What’s Realtor Rebate?
Many don’t even have a clue about the Realtor Rebate which is know secret in Texas Real Estate market. Realtors are allowed to share their commission with their clients in form of rebate or contribution towards their closing cost. It’s up to the realtor and client to work out how much rebate will be provided. It all depends.

I provide rebate to all transactions whether its New home or Resale or Selling your home to move to your new home. It all depends on the sales price and amount of work involved. You can see the list of Recent Rebates provided to my clients to get some idea.

For New home buyers, I only keep a flat amount and give back every things. That flat fee/amount is based on the sales price and help needed from my side. It starts from $1500 for house price $200,000 and less to $2500 for houses up to $500,000. Email me at houstonvijai@gmail.com or Call/Text me at 281-912-3112 to find out more for your situation. I am happy to help out with your new home purchase and make the experience easier with all my experience.

A happy but unpredictable year on its way…

That’s right folks!!

With lots of surprise happenings this year setting forward to an unpredictable new year. Especially, when a new president swearing in the office with lots of new agendas and ideas, it’s expected to be unpredictable in varies ways. Whether it’s Trade, Economics, Housing or Foreign relations, many things are on the move with different dimensions so every one is just waiting for Jan of 2017.

Whatever it is, it’s going to be brand new year with renewed hope and lots of expectations on all ends.

Happy New year to all our Buyers, Sellers and Investors…