stove, wall-to-wall carpeting, ceiling fan, TV wall mount, chandelier, window shutters, smoke detectors, curtains/drapes and rods, blinds and window shades, garage door opener, shrubbery and landscaping, window air-condition unit AND what ever else buyer asks for and is negotiated. If something is to be excluded, should be in the listing agreement and contract. MORE COMING ON WHAT GOES WITH THE SELLER.
Monthly Archives: November 2017
GROWTH in TEXAS
Nationally, the median home prices increased from $232,000 in 2006 to $236,000 in 2016. While home prices have returned to the boom levels of a decade ago, there is no signs of a real estate “bubble” bursting, says Realtor.com Chief Economist Danielle Hale. Backed by tighter lending standards like the Dodd-Frank Act & Consumer Protection Act, current price appreciation is now driven by strong supply-and-demand.
RURAL LAND IN NORTHEAST TEXAS
In 2016 prices climbed more than 8.6%. The 1,781 sales eclipsed first quarter 2016’s total of 1,576 sales. At 3,748 per acre, prices continue their strong recovery from 2011 lows. An uptick in oil and gas activity in the Haynesville Shale as well as robust recreational demand contributed to this strong performance. All this from Tierra Grande magazine from the Texas A&M Real Estate Center.
WHY FALL IS a GOOD TIME to BUY A HOME
(1) Prices are typically lower as reflected in homes that did not sell in the summer. Usually about 2.6% below fair market price, according to Realty Trac. (2) Less competition as most folks buy in the spring and summer. Often easier to negotiate. (3) There is still inventory & owners anxious to sell. Again if really wanting to buy visit with your lender ASAP.