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Mark Brawley's Blog

By Mark Brawley | Agent in Houston, TX
  • Timbergrove / Lazybrook Market Update – April 2012

    Posted Under: Market Conditions in Houston, Home Buying in Houston, Home Selling in Houston  |  May 3, 2012 11:17 AM  |  191 views  |  No comments

    Below you will find the most recent data on home sales and prices for the Timbergrove and Lazybrook neighborhoods in Houston, Texas. If you are interested in receiving monthly Houston and Timbergrove/Lazybrook real estate news updates, then sign up for our RSS feed to receive instant updates. For more information about Timbergrove/Lazybrook and to view past market updates, check out our Timbergrove/Lazybrook neighborhood information page. Or email us at vincent@norhillrealty.com.

    Sales Activity

    Another pretty good month for Timbergrove/Lazybrook based on the number homes sold in April.  12 homes closed sale in April and 14 homes went Option Pending.  The average days on market for homes sold in March was 57 days.

    Active Listings

    Inventory remains low in Timbergrove/Lazybrook, which is great news for potential home sellers.  When inventory is low (i.e. supply), and demand is elevated, home sellers usually see higher sales prices (i.e. a seller’s market).  At the close of the month, there were only 29 total listings on the market and 23 new listings came active on the market in the month of April.

    Read the full post here: Timbergrove Manor
  • 8 Tips to Sell Your Home for Top Dollar

    Posted Under: Market Conditions in Houston, Home Selling in Houston  |  April 20, 2012 8:13 AM  |  208 views  |  No comments

    Hire an Aggressive Listing Agent

    You want a listing agent that knows your market and knows the potential buyers for your home.  An aggressive listing agent won’t just sit back and wait for the buyer to show up, they will use modern marketing techniques along with some old school stuff to get the best price possible.  Ask your Agent to provide a specific marketing plan for your home.

    Offer Buyer Incentives

    Buyers are looking for deals and home runs.  If you are offering to include the appliances, pay for a portion of their closing costs, or offer an upgrade allowance, your home will quickly move to the top of their list.

    Get Professional Staging and Curb Appeal Advice

    The first impression in real estate is the most important.  Your agent can offer some great tips and advice, but you might want to take it to the next level and hire a professional stager.  This will ensure that your listing photos and online presentation will have buyers lining up to view your home, and when they walk in, they won’t be disappointed.

    Get a Pre-inspection

    Knowing all of the defects before you put it on the market can help you determine your list price and can strengthen your negotiating position if your home is in great shape.  But beware, a home with a lot of problems that you aren’t willing to fix can be a turn off to buyers.

    Read the full post here: Houston Realtor

  • 10 Reasons We Love Houston

    Posted Under: General Area in Houston, Home Buying in Houston, Home Selling in Houston  |  April 19, 2012 2:04 PM  |  276 views  |  No comments

    Affordability

    Compared with other major US cities, the cost of living is relatively low.  You can still find affordable housing within a short commute to the major business and cultural centers.  The Third Quarter 2010 ACCRA Cost of Living Index shows that Houston’s overall after-taxes living costs are 9% below the nationwide average, largely due to housing costs that are 21% below the average.  When your housing costs are lower, you have extra money to spend on other goods, services, and entertainment which can provide a more enriching life.

    Jobs

    Houston has one of the strongest job markets in the country which is a compliment to the diversity of our local economy.  Our city is lead by the oil and gas industry, but we also have the largest medical center in the world, the Port of Houston is the 4th largest in the US, and we have strong markets in financial services, technology, and retail.  If Houston were an independent nation, it would have the world’s 30th largest economy.  There are 23 Fortune 500 companies with headquarters in Houston.

    Green Space

    A lot of people who have never been to Houston think of it as a flat, hot, concrete jungle.  But that’s not the case.  Houston is a very green city which is evidenced by all of the awesome mature oak trees and great parks.  Anchored by Memorial Park which is one of the largest urban parks in the US, we also have Discovery Green which opened in 2008 and turned a downtown parking lot into an 11 acre park, Hermann Park which is 445 acres in the cultural center of Houston, and many more.

    International Airport

    Although Houston is never short on fun and exciting things to do, having the ability to fly non-stop to international destinations is a huge plus.  Bush Intercontinental Airport is a major hub for United Airlines which flies to almost every major US city along with many international sites.  If you want to spend the weekend in Paris, it’s just an overnight flight away.

    Diversity

    There are more than 90 languages spoken in Houston and 92 countries have consular offices.  Our low cost of living and strong job market have encouraged people from all over the world to immigrate to Houston.  This diversity provides Houstonians a culturally rich lifestyle with a wide variety of dining, shopping, and cultural activities.

    Cheese Enchiladas

    Great Tex-mex and gulf coast seafood are just a few highlights.  Houstonians can select from over 11,000 dining options that range from award winning fine dining to neighborhood diners.  Our diversity has provided authentic dining options that include Chinese, Vietnamese, Greek, Turkish, Italian, and South American, just to name a few.

    Read the full post here: Houston Realtor
  • Pros and Cons of Having Your Houston Home Inspected Prior to Listing

    Posted Under: Home Selling in Houston  |  April 12, 2012 12:13 PM  |  200 views  |  No comments

    Hiring a home inspector to crawl thru your home prior to listing it on the market can be a good idea or a bad idea.  It really depends on your knowledge of the condition of your home and your willingness to make some repairs before or during the selling process.  Here’s a few tips that may help you decide.

    Pros

    The main benefit of the pre-listing inspection is that you will learn about all of your home’s defects.  If you are a conscience home owner, you should already know about most of them, but most home owners don’t have the trained eye of an inspector.  Knowing all of the defects up front will ensure that you aren’t caught off guard when the buyer hires their inspector.  Getting this done up front will also give you the opportunity to get quotes or actually complete some of the repairs which can make the option period negotiations a little smoother.  This inspection can help you and your Realtor determine a good listing price and it can also strengthen your negotiating position if your home only has a few minor defects.

    Another pro to this type of inspection is that the inspector will be working for you, not the buyer.  The inspector should be able to give you a professional opinion on all of the defects and he/she may be able to help you determine some basic cost estimates for repairs.

    Cons

    The biggest drawback to this is that you will be required to deliver the inspection report to potential buyers which could hurt your negotiating position if there are numerous defects that you are not willing to repair.  Major defects like aging AC systems, roof, or electrical panels could be a big turn off to potential buyers.  Most home owners would prefer to sell their home as-is, but a defect-riddled inspection report could force you to make some repairs before you have offers in hand.

    Read the full post here: Timbergrove Manor Homes
  • Timbergrove / Lazybrook Market Update – March 2012

    Posted Under: Market Conditions in Houston, Home Buying in Houston, Home Selling in Houston  |  April 2, 2012 12:57 PM  |  231 views  |  No comments

    Below you will find the most recent data on home sales and prices for the Timbergrove and Lazybrook neighborhoods in Houston, Texas. If you are interested in receiving monthly Houston and Timbergrove/Lazybrook real estate news updates, then sign up for our RSS feed to receive instant updates. For more information about Timbergrove/Lazybrook and to view past market updates, check out our Timbergrove/Lazybrook neighborhood information page. Or email us at vincent@norhillrealty.com.

    Sales Activity

    Based on the number of homes sold and the number of homes to go pending, March was a very promising month.  17 homes closed sale in the month of March and there were 15 homes that went Option Pending (see our Home-buyers guide for information regarding of the real estate transaction).  The average days on market for homes sold in March was 71 days.

    Active Listings

    Inventory remains low in Timbergrove/Lazybrook, which is great news for potential home sellers.  When inventory is low (i.e. supply), and demand is elevated, home sellers usually see higher sales prices (i.e. a seller’s market).  At the close of the month, there were 39 total listings on the market and 25 new listings came active on the market in the month of March.

    Home Prices

    The average price for properties sold over the past 12 months (ending in March 2012) was $296,902.  That’s up 2% from the previous 12 month period (ending March 2011).  Timbergrove/Lazybrook, like most other inner loop area neighborhoods, has been increasing at a moderate pace since 2008.

    Read the full post here: Timbergrove Manor Realtor

  • How a Recent Home Sale Helped Us Develop Our Turnkey Listing Package

    Posted Under: Home Selling in Houston  |  March 30, 2012 10:02 AM  |  165 views  |  No comments

    Ms. Smith had lived on Tannehill Dr in Timbergrove Manor since the home was built in 1964. Like many of the original home owners in the neighborhood, her home needed a little more maintenance than she was able to complete. She finally decided that it was time to sell her home and move closer to her family, but she didn’t know where to start. After 48 years in her home, she had accumulated a lot of stuff and her home needed a lot of TLC. The thought of selling her home and moving out was a little overwhelming. That’s when she decided that she needed some help. She called the Norhill Realty team and we developed and implemented a plan that helped her transition to her new home using the following simple steps. The steps don’t necessarily need to follow this order and can be tailored to fit your specific needs.

    Step 1: Determine the Value of Your Home

    Knowing what the value of your home is integral in the decision process of selling your home. You aren’t going to sell something unless you know how much it is worth and this is paramount with what is often your largest asset. Your Norhill Realty Agent will access the latest market data for your neighborhood to develop a Comparative Market Analysis and we will give you a professional opinion supported by facts.

    Step 2: Hire a Junk Removal Contractor

    Now that you know how much your home is worth and you have made the decision to keep going, getting rid of some of the clutter is the next step.  A good rule of thumb when it comes to moving and packing is if you haven’t used a possession in the past year then it doesn’t have any value (sentimental or otherwise), it’s probably time to get rid of it. Your Norhill Realty agent can assist in locating the appropriate charity or junk removal contractor to help you get rid of your unneeded possessions.

    Read the full post here: Timbergrove Manor Realtor

  • 10 Ways To Prepare to Sell Your Houston Home

    Posted Under: Home Selling in Houston  |  March 29, 2012 11:51 AM  |  196 views  |  No comments

    1.   Disassociate Yourself With Your Home.

    From the day you received the keys to your home till now, your home has been your home.  Your place in the world for yourself, your family, and your friends.  The day you decide to sell your home it must cease being your home and it must now become a house, a commodity, a product to be sold to the highest bidder.  Your home is now someone else’s home.  By disassociating yourself from your home and “letting go”, you will allow yourself to make better choices as you prepare your home for sale and better decisions as you negotiate on the sale.

    2.   De-Personalize and De-Clutter.

    Unless you are a little obsessive compulsive or completely unsentimental when it comes to photography, your home probably looks lived in.  You probably have personalized your home with photographs of family and friends.  You also probably have some business papers piled on your desk, books piled up on a side table, and various kitchen gadgets piled along your kitchen counter.  If you have any of those things, get them out of there.  Remove all of the wedding pictures, vacation pictures, and baby pictures.  You want people to look at your home and imagine themselves in your home. Second, you need to remove all of the unnecessary stuff that you have accumulated over the years that is now cluttering your kitchen counter-tops, desks, tables, floors, and bathrooms.  You need to go minimalist in a big way.  The less stuff you have in your home, the larger the spaces in your home will appear.  You need to convert your home into a showroom.

    Read the full post here: Houston Realtor

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