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In No Particular Order:
1. Sellers are at home during Inspection, Showing & Appraisal. This is probably the largest error any homeowner can make. When buyers are looking at your home they want you GONE. They need to talk about your house, talk to the inspector and be able to think out loud. You being there prevents this and ultimately costs YOU MONEY.
2. A seller gets an offer within 2 weeks of being listed & gets too cocky. Too often when an offer comes quickly a seller becomes Contract Proud. They feel "many more will come" and they do not want to consider negotiations as well as they should.
3. Television, friends in Alaska and the news reporter in Syracuse know nothing about Houston Real Estate. - ZERO. They can give you advice, but that's all it should be. When you attempt to use outside influence as an ingredient in your decision making then you run the risk of costing yourself money. Laws vary from state to state. So do market conditions, advertising methods and the expectations of what is considered usual & customary. What works in Utah, may not work in Cypress Texas.
4. A seller hires a friend or relative to list their home. Personally I don't care and am sometimes/often relieved when a friend or relative does not use me to list their house. You need to be able to FIRE, YELL AT or REPRIMAND you Realtor when you are unhappy about something. BUSINESS IS BUSINESS. Feelings won't get hurt with me if I don't know or love you!
5. A seller who stands outside during a showing, but attempts to chit chat with exiting buyers is a HUGE MISTAKE. Don't be coy and try to talk about closing costs, the new exterior paint job or how wonderful the neighbors are. You look desperate, needy and sometimes to controlling. Remember YOU ARE PAYING FOR REPRESENTATION.
6. A seller receives a repair requests, then fixes them without telling the listing agent! Don't try to be slick and perform a lot of repairs yourself in an attempt to save money!!!! The CONTRACT clearly states that a LICENSED PROFESSIONAL must perform the work that requires a license to do so. Not only that, but you need to remember that when YOU fix something, YOU are standing behind the work that was done. Buyers usually if not always want MONEY in lieu of or they want somebody they know & trust to do the work.
7. A seller sees multiple real estate signs in their neighborhood and assumes that agent is selling everything in the area. NOPE. You need to look at the SELLING AGENT & not the LISTING AGENT. Over 80% of all listings that sell come from a buyers agent and not the Listing Agent.
8. Sellers Not READING THE LISTING AGREEMENT. I love a client who trusts me, but you not reading the paperwork means you may miss something or assume something down the road that might frustrate you.
9. Sellers leaving the a/c off, leaving the dogs in the house, not cleaning their home, stinky cats, dirty dishes in sink, weapons or prescription drugs left out during showings, turning down showings, yelling at buyers agents for being late, smoking in the house, & sooo much more.
10. The BIGGEST mistake a seller can make is not calling a LICENSED REALTOR to list their home! You get what you pay for. That's if it's a part time agent, discount firm or FSBO. Do it right the first time folks!
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Curious how much your home is worth? Who isn't? Everyday I get emails from people curious about the value of their home.
Here are some things to know:
- What homes are listed for are not considered comparables & do not determine YOUR homes value. Tey can however help you strategize your placement on the mls.
- What the Builder is selling homes for, especially brand new is usually not considered either.
- Licensed Real Estate Appraisers usually only go back 3 months when searching for "comps."
- Values are neighborhood specific. Master-planned communities versus communities with golf courses will certainly have a different price range.
- Lot Value means the land is worth MORE than the home itself.
- Your FINANCED upgrades by the builder are NOT worth what you paid! Builders almost ALWAYS charge 2-3 times as much to add enhancements.
- Your tax assessed value in most cases is NOT what your home is worth!
- Pools in Houston ADD value, despite what you hear on tv.
- Only a Licensed REALTOR® has access to comparable sales. VALUES you find on automated websites do not have access to the MLS comps. "Area Sales" can be very deceiving.
- Only a Licensed REALTOR® knows how to correctly formulate a good list price for your home.
Every market is different!
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Cypress, West Houston Homes for Sale!
Are you thinking about selling your home? I will provide you with a free valuation of your home with absolutely no obligation. Please fill out the easy to use form below to tell me about your home. Your information will be kept strictly confidential and will only be used to provide you with better service. I will contact you shortly. Thank you!
FREE Comparative Market Analysis for Houston Sellers |
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www.thewatsongrouprealty.com/remaxtx/modules/agent/agent.asp?p=homeworth
Brought to you by! Laura & Rod Watson The Watson Group Realty Re/Max Galleria Associates 4703 Richmond Ave Ste. B2 Houston, TX 77027 Office: 281-797-3841 Direct: 281-797-3941 E-mail: thewatsongorup.remax@gmail.com |
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JANUARY REAL ESTATE NEWS
Though the national real estate market has taken a beating this past year, the Houston area has fared well for the most part. There are some subdivisions that have a high foreclosure rate which is a death blow to the homeowner who absolutely MUST sell. On the other hand, these subdivisions are a goldmine for the investor who wants to buy a property for rental income. NOW is a great time to invest in lower income, recent construction housing. One of my clients purchased such a home just before Thanksgiving and has already leased it out. This particular client is so pleased with his first property, he has opted to purchase two more! With the financial climate being what it is, he sees the value in owning real estate!
Onto my featured subdivision of the quarter-Coles Crossing! I have been watching the market in Coles Crossing on a weekly basis. There have been quite a few homes for sale. Some that did not sell quickly enough for the owner ended up being leased out. My focus in this analysis is on home sales for the last 6 months.

Sixty-nine homes SOLD in Coles Crossing from July 1, 2008 until January 13, 2009. Nineteen of those homes were located in the cottage sections of Coles Crossing. The average price per square foot was $84.96 without a pool, and slightly more $86.59 with a pool (only one home). I did not include 2 homes in the data, because they were unusually low. (One was a foreclosure that backed to Telge which sold for $67.82/sq. ft.; the other simply backed to Telge and sold for $65.88/square ft.)

Of the remaining homes in Coles Crossing's non-gated sections, thirty-four homes without a pool SOLD for an average price/sq. ft. of $83.95. Fourteen homes in the non-gated area did have a pool and SOLD at an average price/sq. ft. of $93.49. If you are thinking of putting in a pool this summer, you might want to factor in the value it will add to your home vs. the cost incurred. In other words, less (fewer bells and whistles for your pool) is more when it comes time to sell your property.
Finally, in the gated section there was one home sale. The price/sq. ft for this home was $110.16.

There are many factors that determine the strength of a subdivision. Are the homes well-maintained? Is the crime rate low? How are the schools rated? One factor that is a little harder to measure-neighborliness. Are the people friendly?? Well, Coles Crossing passed our litmus test with flying colors. The true test of friendliness is--
"How many people will stop to buy lemonade from kids on a weekday?" I am happy to report lemonade sales are UP in Coles Crossing during the last six months. Aren't they the cutest??

If you have any questions regarding YOUR neighborhood sales prices/home values, I would be more than happy to answer them! If you are thinking of moving or know someone who is, I would love to become your/their favorite realtor!!
Best wishes for a Happy 2009!
Sonja Patterson RE/MAX Realty Center spatterson1@remax.net www.SoarWithTheBalloon.com 13611 Skinner Road, St. 100 Cypress, Texas 77429 Phone 281.213.8039 Cellular 713.303.9463
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