Selling Tips March 17, 2025

Why a Pre-Listing Inspection May Be Worth It in Every Market

Is it worth the cost?  Consider your strategy.  That pre-listing inspection can give you an edge.

When you go to sell your home, you believe in what you’re selling.  Will you be surprised by what the buyer’s inspection shows?

Now you have a buyer and you’ve accepted their offer.  Now you’re excited and looking forward to the next step after closing.  All seems to be going great.  But you did not get a pre-listing inspection.  Maybe not a big deal.  You tell yourself “we’ve lived here for years and it seems fine to us”.

Meanwhile the buyer gets the place inspected.  Their inspector points out several things that are red flags (hidden leak under a sink, cracks in a wall or ceiling, some electrical failure you haven’t noticed, maybe a troubled water heater, a problem with the roof, or hvac).

Now you’re surprised and now have to re-negotiate the deal about things you did not know.  Maybe their inspection is accurate.  Maybe not.  Either way, now you’re at a disadvantage and working only from someone else’s information.

 

It’s always best to know what you’re selling.  A pre-listing inspection will reveal things you should address so you can fix things you know may be a problem for buyers.

 

Anticipate a negotiation strategy on items decide not to fix and which you expect a buyer to ask for.  Then you can have a dollar figure in mind you are willing to agree to.  Know before the negotiations start.  Negotiate from strength.

Selling a house comes with a lot of moving pieces, and the last thing you want is a deal falling apart over unexpected repairs uncovered during the buyer’s inspection. That’s why it pays to anticipate potential issues before buyers ever step through the door. And one way to do that is with a pre-listing inspection.

 

What Is a Pre-Listing Inspection? 

A pre-listing inspection is essentially a professional home inspection you schedule before putting your house on the market. Just like the inspections your buyer will do after making an offer, this process identifies any issues with the condition of your house that could have an impact on the sale – like structural problems, faulty or outdated HVAC systems, or other essential repairs.

While it’s a great option if you’re someone who really doesn’t like surprises, Bankrate explains this may not make sense for all sellers:

While it can be beneficial for a seller to do, a pre-listing inspection isn’t always necessary. For example, if your home is relatively new and you’ve been the only owner, you’re most likely already aware of any big issues that could impact a sale. But for an older home, a pre-listing inspection can be very insightful and help you get ahead of any potential problems.

The key is deciding whether the benefits outweigh the costs for your situation. Sometimes a few hundred dollars now can get you information that’ll save you a lot of time and hassle later on.

 

Why It May Be Worth Considering in Today’s Market

Right now, buyers are more cautious about how much money they’re spending.  They want to be sure the home they’re buying is worth the expense. In a market like this, a pre-listing inspection can be your secret weapon to make sure your house shows well. Here are just a few ways it can help:

  • Gives You Time To Make Repairs: When you know about issues ahead of time, it gives you the chance to fix them on your schedule, rather than rushing to make repairs when you’re under contract.
  • Avoid Surprises During Negotiations: When buyers discover issues during their own inspection, it can lead to last-minute negotiations, price reductions, or even a deal falling through. A pre-listing inspection gives you a chance to spot and address any problems ahead of time, so they don’t turn into last-minute headaches or negotiation roadblocks.
  • Sell Your House Faster: According to Rocket Mortgage, if your house is listed in the best shape possible, there won’t be as many reasons for buyers to ask for concessions. That means you should be able to cut down on negotiation timelines and ultimately sell faster.

 

For more on tuning up the home, here’s another article that goes over the benefit of fixing up the home before hitting the market

Why Fixing Up Your House Can Help It Sell Faster

 

How Your Agent Will Help

But before you think about reaching out to any inspectors to get something scheduled, be sure to talk to an agent. Your agent will be able to give you advice on whether a pre-inspection is worthwhile for your house and the local market. Because it may not be as important if sellers still have the majority of the negotiation power where you live.

If your agent does recommend moving forward and getting one done, here’s how they’ll support you throughout the process.

  • Offer Advice on How To Prioritize Repairs: If the inspection uncovers problems, your agent will sit down with you and offer perspective on what’s going to be a sticking point for buyers so you know what to prioritize.
  • Knowledge of How To Handle Any Disclosure Requirements: After talking to your agent, you may decide not all of the repairs are worth it right now. Just be ready to disclose what you’re not tackling. Some states require disclosures as a part of a listing – lean on your agent for more information.

Bottom Line

While they’re definitely not required, pre-listing inspections can be especially helpful in today’s market. By understanding your home’s condition ahead of time, you can take control of the process and make informed decisions about what to fix before you list and what to disclose.

If you choose to skip this step, you may be just as surprised as your buyer by what pops up in their inspection. And that could leave you scrambling. Would you rather fix issues now or risk trying to save the deal later?

Let’s connect so you can see if this is a step that makes sense in our market.

Selling Tips March 11, 2025

How Long Does It Take? Selling a Home in Gleannloch Farms

How long does it take to sell your home?  It depends on where you live and how well you price your home.  We all want the most for our home.  Is our home actually worth top dollar?  Most often, no.  Age, condition of the walls, floors, bathrooms, roof, hvac, kitchen, yard, fences, etc… All these things affect your home’s value.

 

Check out this quick read on things to do to prepare the home for the market

Why Fixing Up Your House Can Help It Sell Faster

 

It’s important to take emotion out of the transaction. It helps us have realistic expectations when we plan to sell our home.  First off, it’s going to help you coordinate your move and have a good plan in place for the listing, cleaning, showing, selling, buying the next place, financing, packing, moving, and a few other things.  A home usually does not sell in a day.  Work with someone who can put together the whole plan for you.

 

Here’s a look at average days on market it takes homes to get a contract that will close (a real buyer) in Gleannloch Farms.

 

Highlighted items are at or less than 15 days.

 

More to think on when you plan to sell your home

National and local market conditions, time of year, geopolitical concerns, mortgage rates, stock market, employment numbers, and all the other stuff that can bother us each day…that stuff also bothers would be buyers.  Plan accordingly and ask if you would pay the price you’re asking for your home.

 

And here’s another quick article that’s relevant – more of a national point of view, and useful info that we need when the time comes

How Long Will It Take To Sell Your House?

 

Get actual market data from a professional and have them help you plan accordingly.  Be informed.  Hope has no place in a strategy.

Home Buyer March 8, 2025

What Buyers Need to Know About HOAs

Home Owner’s Associations are not bad.  But they are a governing entity and you have to know the rules of the area so you can be sure you’re able to do what you want.  In many cases you’ll be just fine.  But it’s one more part of the buying process.  Be informed.

When you search for a home, you may find a property in a community with a Homeowners Association (HOA). Before you buy, do some good research.  Understand how an HOA works, what they mean for you, and how that specific HOA is set up.

Second Homes & Vacation Property March 5, 2025

Why a Vacation Home Is the Ultimate Summer Upgrade

You’re going on vacation and renting a place from someone that owns that property.  A home on the beach?  A place in the mountains?  If you have a favorite vacation destination, consider buying your own vacation home. And have a management company care for it and rent it while you’re not using it.  There are huge benefits to consider.

Summer is officially here and that means it’s the perfect time to start planning where you want to vacation and unwind this season. If you’re excited about getting away and having some fun in the sun, it might make sense to consider if owning your own vacation home is right for you.

An Ameriprise Financial survey sheds light on why people buy a second, or vacation, home (see below): No Caption Received

 

 

  • Vacation destination or a place to get away from the stresses of everyday life (81%) – Having a second home to use as a vacation spot can be a special place where you go to relax and take a break from your daily routines and stressors. It also means you won’t have to worry about finding somewhere to stay when you go there.
  • Better weather (49%) – Buying in a place where there may be nicer weather can be a great escape, especially if it’s cold or rainy where you usually live. It lets you enjoy sunny days and warm temperatures, even when it’s not so nice back home.
  • Rental income (41%) – You can rent it out to other people when you’re not using it, which can help you make some extra money.
  • Primary residence in the future (33%) – You can eventually move into the home full-time during retirement. That means you can enjoy vacations there now and have a getaway ready for your future.
  • Having a venue for gatherings with family and friends (25%) – It would be a special spot where you can have parties, regular family trips, and create fun memories.

 And while you’re thinking on this, here’s another quick read to check out  Your Place to Stay

 

Ways To Buy Your Vacation Home

And you don’t have to be wealthy to buy a vacation home. Bankrate shares two tips for how to make this dream more achievable for anyone who’s interested:

  • Buy with loved ones or friends: If you’re okay with sharing the vacation home, you can go in on the purchase price together and pool your resources to make it more affordable.
  • Put a savings plan in place: This will require patience and persistence but consider adding a vacation home savings plan to your budget and contributing to it monthly.

 

Finding Your Dream Spot with a Little Help from an Agent

If the idea of basking in the sun at your very own vacation home sounds appealing, you might want to start looking now. Summer’s when everyone’s trying to buy their slice of paradise, so it’s best to start early.

Your first move is to team up with a real estate agent. They know all the ins and outs of the area you want to be in, and which homes you should look at. Plus, they can give you the lowdown on everything you need to know about having a second home and how it can benefit you. The same article from Bankrate says:

Buying real estate in a new area — or even one you’ve vacationed in for many years — requires expert guidance. That makes it a good idea to work with an experienced local lender who specializes in loans for vacation homes and a local real estate professional. Local lenders and Realtors will understand the required rules and specifics for the area you are buying, and a local Realtor will know what properties are available.”

Bottom Line

If the idea of owning your own vacation home appeals to you, let’s chat.

Selling TipsStrategy & Market Observations March 3, 2025

As home prices go up, do you know how much your home is worth?

A large part of wealth is tied up in property.  And as home prices go up, this is a hidden but significant part of a person’s wealth.  When managed well, it becomes a great tool to propel that wealth forward.

Keep your finger on the pulse of your hyper local market to understand why home prices go up.  New stores (and store closings), changes to school zoning, and home sales on your street materially affect your home’s value.  Connect with a trusted resource and stay informed.

 

Over the past few years, you’ve probably seen a whole lot of headlines about how home prices keep going up. But have you ever stopped to think about what that actually means for your home?

Home prices have risen dramatically over the past five years — far more than usual. And if selling has been on your mind, this could mean a bigger-than-expected payday when you list. So, how much has your home’s value really changed? Let’s break it down.

How much home prices go up – The Rapid Rise of the Past 5 Years

Typically, home prices go up by about 2-5% a year. But in 2021-2022, there were double-digit increases. And at the peak, prices rose by a staggering 20% or more nationally. Why? There were way more buyers than homes available, which sent prices soaring. While things have normalized since then, you still get to reap the benefits of those massive increases.

Your house has gained way more value than it normally would in such a short period of time – and that means a lot more wealth for you, too.

The map below uses data from the Federal Housing Finance Agency (FHFA) to show that, nationally, prices have gone up by nearly 60% in just the past 5 years alone. Here’s a breakdown that takes that one step further and gives you the numbers by state:

a map of the united statesIf you’ve been holding off on selling because you were worried about buying your next home at today’s rates and prices, let that sink in. It may be more than enough to help close the affordability gap and get you into your next house.

And what if you’ve been there for longer? That means your home’s value is probably even higher now. You get to stack the abnormal gains of the past 5 years on top of five years of more normal appreciation too. And an agent can help you figure out what that really looks like.

 

Check out this article talking about the importance of a long term view as opposed to buying a property at the “right” time.

 

 

How To Find Out What Your House Is Really Worth

While a percentage is great, you probably want more specific numbers. The only way to get an accurate look at what your house is really worth is to talk to a local real estate agent.

 

While the map above gives you the average appreciation rate by state, it doesn’t take your local market into consideration. Like, is inventory still low where you live? That may drive prices higher, and faster. Or maybe you’ve done renovation that’ll add even more value to your house. Those are insights you’ll need an agent to provide.

An agent will know what’s happening where you live and can stack that up against the data and the condition of your home to give you the best estimate of its value possible. Only they have the data and expertise to find out your real number today.

Bottom Line

Home values have climbed — maybe more than you expected. Contact me to learn more.

Strategy & Market Observations February 21, 2025

Quarterly Value Snapshot – 16 School Districts around Houston

Here’s a quick snapshot of the different home values in a few (16) school districts around Houston TX. 

 

There’s always more to the story and all real estate is hyper local.  But this broad overview can help as just one more dta point to help with the understanding of the market.

 

Unlock Your Wealth with Strategic Real Estate Investments

Buying and selling your homes should be considered with an eye toward your overall wealth management. To maximize each investment – a home purchase or sale – be sure to assemble your team: your CPA, Financial Planner, Attorney, Banker/Lender, and your trusted Realtor. A comprehensive solution often hinges on the right Realtor coordinating seamlessly with your team.

 

Here’s the overview of 16 different school districts in the greater Houston area.  I’ll publish this quarterly.

 

 

 

 

Understand how one property and community compares to others. Buyers relocating to Houston have numerous choices, from Sugar Land to Conroe, Pearland, Katy, Spring Branch, and New Caney.

 

Connect with your favorite Realtor to learn which areas are seeing best growth, change, appreciation, and what’s on the horizon.  The entire city is experiencing growth, especially with significant developments in Magnolia and Hockley direction.

 

 

Make Informed Decisions

Understand your pricing power and know the ideal location for your next home. When done right, it’s a genuine investment.

 

And while every area has unique historical appreciation rates and diverse growth prospects, connect with a professional to understand why.  Then choose the best spots that align with your family’s needs and plan for a 5 to 7-year stay to truly benefit from the growing wealth.

 

For more info, here’s a quick article you may want to read explaining the importance of planning and patience.

Focus on Time in the Market, Not Timing the Market

 

Ready for More Information?

Contact me today. Let’s talk over your plans so you can know the right next steps and see how this part of your family wealth can grow.

Home Ideas February 14, 2025

Idea Corner – Organizing your Cookbooks

Showcase your cookbooks in the kitchen to add personalized character, and make it aesthetically pleasing.  this can help keep the imagination flowing with a simple glance at the cookbook library.  Those books are more than just recipes—they’re sources of inspiration, connections to the past, and even decorative pieces that enhance your kitchen’s charm.

 

But how do we keep them from just stacking up in the cupboard?  Keeping them organized and accessible is usually the challenge and is essential for a clutter-free and efficient cooking space.

 

You don’t need to switch to digital recipes to stay organized. There are creative ways to store your beloved cookbooks in any size kitchen. Utilize existing space by dedicating a shelf, cabinet, or drawer away from heat and steam.

 

If space is limited, look to unusual places.  Find sneaky storage spots like shelves beneath a table, a recessed wall box, above upper cabinets, or on a pantry shelf.  Get creative by installing floating shelves, adding a freestanding cart, or investing in a chic cookbook stand to keep your favorite recipes within arm’s reach.

 

Read more on this topic and other home decorating ideas at Better Homes & Gardens.  Organize your Kitchen – the cookbook library

 

Remember, you own your space right now, so feel free to tailor it to fit you perfectly. Starting with something as simple as arranging your cookbooks can open the door to more ideas on making your home truly yours. From the kitchen to the living room, outdoor spaces to a cozy home theater, there’s so much you can do to enhance your living experience.

Selling Tips February 10, 2025

The 3 Biggest Mistakes Sellers Are Making Right Now

Everyone makes mistakes. Best to avoid these biggest mistakes (details in the article below)

1. Pricing the Home Too High

2. Skipping Repairs 

3. Refusing To Negotiate

I always recommend sellers do a “pre-listing inspection” and complete repairs before going live.  This way you can KNOW what you’re selling and are not surprised or insulted by the buyers’ inspector findings.  Be ready and know the value of what you’re selling.

 

If you want to sell your house, having the right strategies and expectations is key. But some sellers haven’t adjusted to where the market is today. They’re not factoring in that there are more homes for sale or that buyers are being more selective with their budgets. And those sellers are making some costly mistakes.

 

Here’s a quick rundown of the 3 most common missteps sellers are making, and how partnering with an expert agent can help you avoid every single one of them.

 

1. Pricing the Home Too High

According to a survey by John Burns Real Estate Consulting (JBREC) and Keeping Current Matters (KCM), real estate agents agree the #1 thing sellers struggle with right now is setting the right price for their house (see graph below):

 

a graph of sales

 

And more often than not, homeowners tend to overprice their listings. If you aren’t up to speed on what’s happening in your local market, you may give in to the temptation to price high so you can have as much wiggle room as possible to negotiate. You don’t want to do this.

 

Today’s buyers are more cautious due to higher rates and tight budgets, and a price that feels out of reach will scare them off. And if no one’s looking at your house, how’s it going to sell? This is exactly why more sellers are having to do price cuts.

 

To avoid this headache, trust your agent’s expertise from day 1. A great agent will be able to tell you what your neighbor’s house just sold for and how that impacts the value of your home.

 

2. Skipping Repairs

Another common mistake is trying to avoid doing work on your house. That leaky faucet or squeaky door might not bother you, but to buyers, small maintenance issues can be red flags. They may assume those little flaws are signs of bigger problems — and it could cost you when offers come in lower or buyers ask for concessions. As Investopedia says:

 

Sellers who do not clean and stage their homes throw money down the drain. . . Failing to do these things can reduce your sales price and may also prevent you from getting a sale at all. If you haven’t attended to minor issues, such as a broken doorknob or dripping faucet, a potential buyer may wonder whether the house has larger, costlier issues that haven’t been addressed either.”

 

The solution? Work with your agent to prioritize anything you’ll need to tackle before the photographer comes in. These minor upgrades can pay off big when it’s time to sell.

 

3. Refusing To Negotiate

Buyers today are feeling the pinch of high home prices and mortgage rates. With affordability that tight, they may come in with an offer that’s lower than you want to see. Don’t take it personally. Instead, focus on the end goal: selling your house. Your agent can help you negotiate confidently without letting emotions cloud your judgment.

 

Here’s a useful article on negotiation.  Just a quick refresher on what to negotiate and how Helpful Negotiation Tactics for any Housing Market

 

At the same time, with more homes on the market, buyers have options — and with that comes more negotiating power. They may ask for repairs, closing cost assistance, or other concessions. Be prepared to have these conversations. Again, lean on your agent to guide you. Sometimes a small compromise can seal the deal without derailing your bottom line. As U.S. News Real Estate explains:

 

“If you’ve received an offer for your house that isn’t quite what you’d hoped it would be, expect to negotiate … the only way to come to a successful deal is to make sure the buyer also feels like he or she benefits … consider offering to cover some of the buyer’s closing costs or agree to a credit for a minor repair the inspector found.”

 

The Biggest Mistake of All? Not Using a Real Estate Agent

 

Notice anything? For each of these mistakes, partnering with an agent helps prevent them from happening in the first place. That makes trying to sell your house without an agent’s help the biggest mistake of all.

Bottom Line

Avoid these common mistakes by starting with the right plan — and the right agent. Let’s connect so you don’t fall into any of these traps.

Home BuyerStrategy & Market Observations January 30, 2025

Buying a Home? 3 Reasons To Buy Before Spring

Winter?  Later Summer?  When should we be buying a home?  Simple.  Whenever you can!  (and as often as you can). Owning real estate is the single most reliable path to family and generational wealth.  But completing that first step takes planning, and a knowledgeable guide.  Buying a home is easier said than done.


Let’s face it — buying a home can feel like a challenge with today’s mortgage rates. You might even be thinking, “Should I just wait until spring when more homes hit the market and rates might be lower?”

But here’s the thing, no one knows for sure where mortgage rates will go from here, and waiting could mean facing more competition, higher prices, and a lot more stress.

 

 

What if buying now — before the spring rush — might actually give you the upper hand? Here are three reasons why that just might be the case.

 

1. Less Competition from Other Buyers

The winter months tend to be quieter in the real estate market. Fewer people are actively looking for homes, which means you’ll likely face less competition when you make an offer. This makes the process feel less rushed and less stressful.

 

According to the National Association of Realtors (NAR), homes sit on the market longer in winter compared to spring and summer (see graph below):

a graph of blue and green bars

 

Fewer buyers in the market means you’ll likely have more time to make thoughtful decisions. It also means you may have more negotiating power. According to the Alabama Association of Realtors:

A significant benefit of buying a home in winter is the reduced competition. Because of the perceived benefits of spring, many buyers delay the start of their house hunt. As a result, you will find fewer people competing for the same properties during winter. Less demand can translate into more negotiating power as sellers may be more willing to entertain offers or agree to concessions to get a deal closed quickly.”

 

2. More Negotiating Power

With homes staying on the market longer, sellers may be more willing to negotiate. This can lead to better deals for you as a buyer, whether that means a lower price or added incentives, like sellers covering closing costs or making repairs. As Chen Zhao, an Economist at Redfinpoints out:

“. . . buying during the off season means less competition from other buyers. That means potentially negotiating a better deal.

Plus, when demand is lower, sellers often feel more pressure to work with serious buyers. This could give you an edge to negotiate terms that work best for your situation.

 

3. Lock in Today’s Prices Before They Rise

Historically, home prices tend to be at their lowest point in the winter months, too. According to data from NAR, home prices last year were at their lowest in January, February, and March — right before the spring buying season kicked in (see graph below):

a graph of prices and numbers

 

This trend isn’t new — Bright MLS shows between 2010 and 2024, home prices in January and February were, on average, 15% lower than during the month of peak home prices (typically June). Buying in the off-season means you’re more likely to avoid paying the premium prices that come with the high demand of spring.

 

On top of that, home prices generally appreciate over time, meaning they tend to go up year after year. That means if you’re ready to buy and you can make it happen, you’re not only taking advantage of what might be the lowest prices of the year, but you’re also locking in today’s price before it increases in the future.

To dive a little deeper, here’s an interesting article I published awhile back that explains why Time in the Market is more important than trying to time the market 

Something to consider when buying a home.

 

Bottom Line

While spring may seem like the obvious time to buy, moving before the peak season can give you significant advantages, like less competition, more negotiation power, and lower prices.

 

If you’re ready to explore your options, let’s connect.

Credit Info January 18, 2025

The Truth About Credit Scores and Buying a Home

Your credit score is a big part of buying a property.  We all know that.  BUT, there are many ways to manage imperfect credit scores. Plus, great credit scores can do more for you than you may think. Use your great score to your advantage.  Not only is the approval easier, but lenders may give you better terms at their expense to land you as a repeat client. Know how to use this leverage. 

 

 

Your credit score plays a big role in the homebuying process. It’s one of the key factors lenders look at to determine which loan options you qualify for and what your terms might be. But there’s a myth about credit scores that may be holding some buyers back.

The Myth: You Need To Have Perfect Credit

 

According to Fannie Mae, only 32% of potential homebuyers have a good idea of what credit score lenders actually require.

That means two-thirds of buyers don’t actually know what lenders are looking for – and most overestimate the minimum credit score needed.

 

Check out this article for insights into how different credit scores can affect the cost of your purchase  How expensive is a low credit score when getting a mortgage?

 

The Reality: Perfect Isn’t Necessary

But the truth is, you don’t need perfect credit to become a homeowner. To see the average score, by loan type, for recent homebuyers check out the graph below:

 

a graph of blue rectangular objects

 

There is no set cut-off score across the board. As FICO explains:

“While many lenders use credit scores like FICO Scores to help them make lending decisions, each lender has its own strategy, including the level of risk it finds acceptable. There is no single “cutoff score” used by all lenders, and there are many additional factors that lenders may use . . .”

So, even if your credit score isn’t as high as you’d like, you may still be able to get a home loan. Just know that, even though you don’t need perfect credit to buy a home, your score can have an impact on your loan options and the terms you’re able to get.

Work with a trusted lender who can walk you through what you’d qualify for.

 

Simple Tips To Improve Your Credit Score

If you want to open up your options a bit more after talking to a lender, here are a few tips from Experian and Freddie Mac that can help give your score a boost:

 

1. Pay Your Bills on Time

This includes everything from credit cards to utilities and other monthly payments. A track record of on-time payments shows lenders you’re responsible and reliable.

 

2. Pay Down Outstanding Debt

Reducing your overall debt not only improves your credit utilization ratio (how much credit you’re using compared to your total limit) but also makes you a lower-risk borrower in the eyes of lenders. That makes them more likely to approve a loan with better terms.

 

3. Hold Off on Applying for New Credit

While opening new credit accounts might seem like a quick way to boost your score, too many applications in a short period can have the opposite effect. Focus on improving your existing accounts instead.

Bottom Line

Your credit score doesn’t have to be perfect to qualify for a home loan. The best way to know where you stand? Work with a trusted lender to explore your options.