Advice for Consumers

Last year was big for Texas housing markets

Why 2016 is a good year to enter the housing market
Now is an ideal time to buy a home, but prepare to act quickly when you find one. Read more in The Katy News.  

Texas cities are among the top US ‘boom towns’
The state’s four major metros continue to attract new residents seeking employment options. Read more at Forbes.

Luxury home sales in San Antonio grew in 2015
The city has seen a 36.4% jump in homes costing $1 million or more. Read more from the San Antonio Express-News.

Houston-area home prices and listings rose at 2015's end
The number of active listings in the city was up more than 30%. Read more from the Houston Chronicle.

DFW was the No. 1 city for home sales at the end of last year
More homes were sold in Dallas-Fort Worth than any other Texas metro. Read more from The Dallas Morning News.  

Sherman-Denison housing values and sales rose in 2015
Demand for homes increased despite a drop in housing inventory. Read more from the Herald Democrat.

Odessa has its best housing market in years
Homebuyers in the West Texas city are seeing increased inventory. Read more from the Odessa American

3 things to ignore when pricing your home

There are many factors that go into pricing your property. Your Texas REALTOR® can explain them in more detail, but here are few factors that don’t have much weight in the value of your home.

What the Internet says. It’s fun to type your home address into a price-valuation site and see what it says, but you can’t trust such sites to give you an accurate number. These sites don’t know the current market the way your Texas REALTOR® does, or take into account what a buyer in your area is actually willing to pay. Sometimes they’re even too low since the site doesn’t know about improvements to your property.

What you spent on your kitchen remodel. While upgrades definitely appeal to a prospective buyer, they won’t necessarily fetch you a higher price. That’s because many renovations don’t give you a dollar-for-dollar return on your investment. Check out costvsvalue.com to get an idea of the projects that have the best resale value. Then, talk to your Texas REALTOR® about what he or she knows about the desirability of these projects within your market.

What income you need from the sale. You can’t price your home with target proceeds in mind. Buyers don’t know—and don’t care—if you’ve got a financial goal, and they are turned off when a listing price is much higher than the property is worth.

Properties that are priced improperly tend to stay on the market for a longer period of time. That’s why you should hire a Texas REALTOR® to come up with the best listing price for your home. He or she has access to the most accurate data about your market, and interacts with buyers regularly enough to know what they are looking for. Use this tool to find a Texas REALTOR® who can work for you.

What is a Texas REALTOR®?

Not all real estate agents are REALTORS®.

Only those who agree to abide by a code of ethics that goes beyond what the law requires may join the Texas Association of REALTORS®.

Read the REALTOR® Code of Ethics

Texas REALTORS® do more than help you buy and sell real estate

They protect the rights of property owners. They fight proposals that would increase the burdens on buying, selling, and owning real estate. And they bring property-owners’ concerns to the Legislature, regulatory agencies, and local authorities.

Learn more about how Texas REALTORS®  can help you