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Will I Get More Money If I Wait? Houston Texas Seller Information

Reblogged with permission from the KCM crew newsletter March 11, 2011

This is a great article that you might want to share with some of your sellers or potential sellers who are considering divesting.

Will I get more money if I wait?

by The KCM Crew on March 11, 2011 ·

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Sellers in any real estate market are looking to get the best possible price. If you are looking to sell in the next year, today's price may well be the best price. Home values stabilized somewhat in 2010. Many hoped that was a sign that values had bottomed out and we would see price appreciation in 2011. Studies released this week have painted a different picture.

If we look at CoreLogic's January Home Price Index (HPI), we see that prices are again beginning to decline:

National home prices, including distressed sales, declined by 5.7 percent in January 2011 compared to January 2010...

Mark Fleming, chief economist with CoreLogic, said, "A number of factors continue to dampen any recovery in the housing market. Negative equity, which limits the mobility of homeowners, weak demand and the overhang of shadow inventory all continue to exert downward pressure on housing prices. We are looking out for renewed demand in the coming months as the spring buying season gets underway to hopefully reduce the downward pressure."

They are not talking about the spring market increasing or even stabilizing prices. They hope it will "reduce" the pressure to drive prices lower.

Radar Logic's RPX Composite Price comes to virtually the same conclusion:

Radar Logic believes the RPX Composite price will continue to exhibit year-on-year declines throughout 2011 due to a growing supply of homes for sale and in the inventories of financial institutions, and weakening demand due to the reduction of government incentives for home buyers. Moreover, banks are facing uncertainty over whether they will be forced by regulators to expand mortgage modifications, and may reduce lending and tighten standards as a result.

"No matter what you call it, a ‘double dip' or the continuation of a long process of deterioration, the current trend in home prices is evidence that housing markets are continuing to languish," said Quinn Eddins, Director of Research at Radar Logic. "We expect the negative trend to continue under a severe supply overhang that includes a large and growing ‘shadow inventory' of homes in default or foreclosure."

Bottom Line

It seems that prices have again begun to fall nationally. With the overhang of existing and shadow inventory, prices will probably continue to decline throughout most of 2011. If you're thinking of selling, now might be the best time. Check with a local real estate professional to see how this might impact your area.

reblogged with permission from Energized Seller

August 24, 2010, Vol I, No. 9 Home Staging and Home Selling Before and After Issue   Staging A Challenging Space Help buyers visualize placement Home buyers often times have difficulty seeing how their furniture will look in a vacant home. Karen Eubank, a home stager in Dallas, TX, staged this living room so home buyers could better envision what their lives could be like in this home. Go here to see the "after" photo. Also check out the staging she did in the RED dining room. Skirting the Issue $25 Bathroom staging solution Home stager Tori Toth turns this bathroom into a showcase. See how a small changes can make a big difference. Playful Clutter To Pretty N' Crisp Spacious and sophisticated   Stefanie Levine stages this children's bedroom by de-cluttering to give the room a more spacious and sophisticated look. To see the "after" picture, click here. Also check out the staging she did in this outdated bathroom. Vacant Living Room Staging 5 Day makeover   Home stager Alana Merritt and Heather Cook stage this vacant living room for a home sale. Do you think the chair stayed? See for yourself here.

In This Issue   Staging A Challenging Space   Skirting the Issue   Playful Clutter to Pretty 'N' Crisp   Vacant Living Room Staging    Copyright 2010 EnergizedSeller        101 Home Selling Tips View Your Free Copy EnergizedSeller is now on Twitter. Check out our twitter page and follow us by clicking here. Find a Stager who is offering 10-50% off their staging services just for EnergizedSeller members. Don't see one in your market, shoot us an email and we'll help you locate one.

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Reblogged from Texas Association of Realtors press Release 8/20/2010 with permission

SELLER-FINANCING LICENSING EXEMPTION REINSTATED

AUSTIN (Texas Association of Realtors) - Texas Department of Savings & Mortgage Lending Commissioner Doug Foster has issued a notice allowing the continuation of the de minimis exemption until further action is taken by the state legislature.

This exemption, which was briefly repealed by the federal SAFE Act, means that a seller can once again finance up to five properties in a 12-month period without being licensed as a residential mortgage loan originator.