Real Estate Information Archive


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August 2013 Houston and National Housing Market Trends

by Lorna Calder

This month’s feature video will discusses the real estate agents responsibilities to a client as opposed to a customer. From a consumers prospective the term agent usually refers to someone with whom you have established a formal relationship as their client. Your agent is someone who represents your best interests in a real estate transaction and owes you formal legal responsibilities.

A customer on the other hand is someone with whom the agent has not entered into a formal relationship the agent owes the customer no duties. It is important to differentiate between a agents legal duties and a agents responsibilities. Legal duties are established by law on the other hand responsibilities are established between the agent and the consumer at the beginning of the working relationship. 

As a client your real estate agent owes you the following legal duties. The duty of loyalty, the duty of obedience, the duty of disclosure, the duty of confidentiality, the duty of reasonable care and diligence, and the duty to provide you with an accounting. Agent responsibilities on the other hand are negotiated between the parties on an individual basis. It sounds more complicated then it really is. Be sure that you and your broker or agent have written down the responsibilities of both your agent and you as soon as you begin working together.

A realtor is always your best source of information for all your real estate needs.

If you have not reviewed my monthly Housing Trends Newsletter - you could be missing out. Everywhere I go, people are asking me about the housing market conditions - it's on everyone's mind. Staying abreast of local and national market conditions and factors that can affect the future sale or purchase of your home can make the decision process less daunting. I always tell my clients that in order to make the best decision they need to have all the information they can upfront. My Housing Trends Newsletter is just one of the tools in my arsenal to make sure you keep informed.

The August 2013 Local and National Housing Trends has just been released. This month's newsletter is packed full of local and national housing market statistics and news you need to know to stay current with today's changing housing market.

This month's housing trends issue features:

Are You Buying The Right House? 

Contingencies Your Home Offer Should Include

What To Expect After Listing Your House

How To Estimate Closing Costs And Net Proceeds

Secrets Of Professional Home Stagers 

You can view the newsletter here.

If you wish to receive FREE Housing Trends eNewsletter e-mailed to you monthly, click here to Subscribe.

If you are considering selling your house or buying a home and need more information, I am never too busy to help, please contact me for more information.

Eliminate The Negative!

by Lorna Calder

    Monday Morning Coffee

"The greatest danger for most of us is not that our aim is too high and we miss it, but that it is too low and we reach it." 
~ Michelangelo
"You can't do that! You're not smart enough to accomplish such a thing! Your grades aren't high enough. You're too short (or too tall). You'll lose everything if you try that. Are you crazy - it won't work."
Ever have a relative, friend or business acquaintance who used those types of negative comments to influence you? Being on the receiving end of such dismal drivel doesn't do a lot for your self-esteem, does it?
As Wayne Dyer has said, "No one knows enough to be a pessimist." Do the ones who make negative comments have a positive record of life successes? Are they happy? Can they back up their dreary outlook on life with proof that "the sky is falling?" Does their knowledge level inspire you to follow their low aim? Are you drawn to them as positive role models?
Ever notice how winners like to be around other winners? It's uplifting, isn't it? Their aim is high. They believe in themselves, their abilities, and their future. Their smiles encourage growth and peace. We're not just talking about financial winners here. Think of those around you who love their families, encourage their children in school, and uphold high principles in a world of low morals
Aiming low, or refusing to take aim at all, encourages, promotes, and justifies mediocrity. Don't ever be afraid to reach high or aim for the stars. Eliminate the negative from your relationships. It will free you to see the beauty that abounds in this unlimited world.

Shad Bogany, Chairman of the Texas Association of REALTORS shares Quarter 2 housing results in this informative video. Showing outstanding housing growth with 18% increase in sales over 2012 quarter 2 housing numbers. This means that nearly 80,000 homes were sold in the second quarter in Texas over last years number over 67,500. The median sales price in Texas Q2 was $177,300, which is a 10 % increase over last year. The average sales price was $235,075 which is over a 10% increase from the median sales price for the same period last year.

When we look at Housing numbers for Houston, we see that there was a 21% increase in sold units over last year Q2, outperforming state trends. Inventory numbers for quarter 2 went down 2.5 months in inventory. With the Real Estate Center at Texas A&M stating that a balanced market is 6 month of inventory, 3.5 months of inventory in Houston clearly shows a strong sellers market. We are seeing this everyday in the Houston market area as multiple offers and low inventory continue to be a challenge for buyers agents and buyers looking for homes. We continue to see buyers paying above asking price to get into the home they wasn't and stay ahead of buyer competition.


Are You A Bargain Hunter?

by Lorna Calder

    Monday Morning Coffee

"You can never get enough of what you don't need to make you happy." 
~ Eric Hoffer 
When’s the last time you went to shop at a store because they were advertising a big sale? Or pulled over to check out the offerings at a weekend yard sale? Or spent an hour browsing through listings on eBay? 
We all love to get a bargain when we shop, but remember that value is determined not by what you pay but by what you get. Even if it’s a bargain, how ultimately satisfying is your purchase? 
It seems to have become second nature to accumulate stuff – call it collecting, if you will. How many “treasured pieces” do you have stored away in your attic, basement or boxes in your closet? Sometimes what we can’t seem to live without ends up becoming “treasure” for the next bargain-hunter who comes to OUR yard sale! 
In our acts of acquisition, is it possible that we’re actually looking for something more meaningful, more precious? Are we overlooking gifts of much greater value? Albert Camus once wrote, “You will never be happy if you continue to search for what happiness consists of. You will never live if you are looking for the meaning of life.” Happiness will find you if you simply stop trying to find (or buy) it. 
Those who always want more (of anything) will never have enough of it. There is no end in sight once the search begins, until finally the search turns inward and we realize that we can be happy with what we’ve already got. With so many people who are so much less fortunate than we, how could we possibly want more for ourselves, unless it is to help others? 
The next time you reach for that irresistible bargain, reconsider its value in The Big Picture and the satisfaction it will offer over time. Maybe something of even greater value is already within your reach... 


Displaying blog entries 1-4 of 4




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