An inside look at the residential real estate market in Southeast Texas including: the hottest neighborhoods, proven home selling strategies, home buying and negotiating tactics, median prices by neighborhood, average days homes are on the market, and professional advice on how to get the best deal when buying or selling a home.

Buying and Selling Tips

Home Remodeling Projects that Payback When You Sell

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Kitchen renovations and upgrades are among the top remodeling projects most likely to add value to a home at resale and most likely to appeal to home shoppers, according to the 2017 Remodeling Impact Report, conducted by the National Association of REALTORS®. The report takes a look at the cost of the most common exterior and interior remodeling and replacement projects and gauges how much appeal they have to buyers at resale.

If you are rebuilding your home after flooding from Harvey, spending money on upgrading your kitchen and installing new wood flooring are at the top of the list in terms of what appeals to buyers and where you get the most money back on sales price.  

Good to know as my husband and I start to rebuild our Wexford Park home that got 3 1/2 feet of water thanks to Harvey and the Dam B water release.

If you need help determining the value of your Southeast Texas home contact me here on the blog, call or text me.  I'm happy to give you a market analysis.   There is no cost.  #409Strong  #409Sold

Sincerely,

Diane

 

 

 

 

 

 

 

 

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Thanks to Hurricane Harvey. Flooded and Gutted Homes added to Southeast Texas MLS.

 

RiShown below a photo of a flooded and now gutted home in Wexford Park in Vidor. 

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Its not common that the MLS adds a new category of homes.  Thanks to Hurricane Harvey it has.  We now have a category called "Flooded and Gutted".

Flooded and gutted chart

 

There are 30 homes for sale in the category  "flooded and gutted".   The prices are all over the place.  Right now there are no "pending sales" in the MLS of flooded and gutted homes.  Right now the market is trying to figure how to price these homes.  Once there are some sales then we will have a better idea how to price a flooded and gutted home.  My best guess right now is that we will see these homes start to sell around $30/SF.  

 

 

 

 

 

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Southeast Texas Home Sales. 89% of Buyers Looked on the Internet for a Home.

Pie chart where buyers find homes

The National Association of Realtors did a study to see what information home buyers used before they bought a home.  What this study tells us is if you are selling a home you want in on all the major internet websites and you want to work with a Real Estate Agent.  

Making sure your home gets the maximum amount of exposure to the buyers that are in the market is key to getting the best offer.  Working with a Realtor who is a member of the local MLS will get your home the right exposure to all the other real estate agents in the market.  

Want to know what else I can do to help you sell your home?  Just call, text, contact me here on the blog.  

Sincerely,

Diane

 

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Homes Sales in Southeast Texas. Maximize Your Sales Price.

If you are thinking about selling your home in Southeast Texas and want to maximize the sales price without doing a full overhaul then focus on these three things:  Storage, Windows, and Accessories.                                                                 

De-clutter

Replace broken blinds

Add fun neutral accessories

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Clutter makes a house feel small and not well maintained.  Dusty, broken outdated window treatments give the impression the home is older than it is and not well cared for.  You want your home to look fresh and cozy.  New towels, new pillows and throws can help give your home a fresh look without costing a lot of money. 

One of the services I offer my sellers is a professional staging consultation.  The Stager will spend up to two hours with you rearranging furniture, adding accessories, and making your home look its best to appeal to the maximum number of buyers.  

If you are thinking about selling your home in Beaumont, Lumberton, Orange or any part of Southeast Texas, I'd like to show you other tips and strategies that we can put in place to get you the highest sales price possible.  Call me or email me for your home market analysis.  No cost or obligation to list for the appointment.  

Sincerely,

Diane

 

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Southeast Texas Home Buying and Selling Tips from Diane McNelis, a Top Local Realtor

Home Buyers Guide TAR

One of my favorite sayings when people talk about trying to sell their home on their own is "You could do surgery on yourself too but its probably not a good idea."  As a professional Realtor in Southeast Texas with over a decade of experience, I've helped buyers and sellers in hundreds of residential real estate transactions.  When you sell a home yourself without a Realtor you are gambling with one of your biggest assets.  

Here's a Free Guide For Home Buyer and Sellers from the Texas Association of Realtors.  Take a look.  Then call me when you are ready to buy or sell your next home in Southeast Texas.  

Sincerely,

Diane

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Southeast Texas Home Sales Tips

Why do some houses sell faster than others?  Some sellers know what they can do to help maximize their homes appeal.   If you aren't sure.  Here's a list from the National Association of Realtors.  

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Before Putting Your Home up for Sale     

Here are a few items to take care of before listing your home. This can make the sale process quicker and easier in the long run.

Consider a pre-sale home inspection. An inspector will be able to give you a good indication of the trouble areas that will stand out to potential buyers, and you’ll be able to make repairs before open houses begin.

Organize and clean. Pare down clutter and pack up your least-used items, such as large blenders and other kitchen tools, out-of-season clothes, toys, and seasonal items. Store items off-site or in boxes neatly arranged in the garage or basement. Clean the windows, carpets, walls, lighting fixtures, and baseboards to make the house shine.

Get replacement estimates. Do you have big-ticket items that will need to be replaced soon? Find out how much it will cost to repair an older roof or replace worn carpeting, even if you don’t plan to do so. The figures will help buyers determine if they can afford the home, and they’ll be handy when negotiations begin.

Locate warranties. Gather up the warranties, guarantees, and user manuals for the furnace, washer/dryer, dishwasher, and any other items that will remain with the house. It may seem like this task can be left until closing, but you don’t want lost paperwork or last-minute scrambling to cause the deal to fall through.

Spruce up. Walk out to the front of your home, close your eyes, and pretend you’re a prospective buyer seeing the the curb appeal for the first time. As you approach the front door, what is your impression of the property? Do the lawn and bushes look neatly manicured? Is the address clearly visible? What do you see framing the entrance, if anything? Is the walkway free of cracks and impediments?

Still not sure what to do to maximize the value of your home?  No worries.  That's one of the services I offer.  

"Happier in a New Home?  Call me."

Sincerely,

Diane

 

 

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The Best Time to Sell a Home in the Southeast Texas Housing Market

A&M inventory prices

If you are thinking of selling your Southeast Texas Home you are in luck.  Take a look at the data above.  I got it from the The Real Estate Center at Texas A&M.  They keep housing market data for the major markets across Texas.  Southeast Texas is in the Beaumont Port Arthur Metropolitan Statistical Area (MSA).

Right now homes are selling for the highest average price in the last five years.  To make things even better for home sellers in Beaumont and other Southeast Texas neighborhoods the months supply of inventory (homes on the market for sale) is at a 5 year low.

What all this means is if you are thinking about selling your home it is probably worth more than it has been worth for the past five years.  If you would like to know the current value of your SETX home contact me.  I will provide a professional market analysis at no cost. 

"Happier in a New Home?  Call me."

Sincerely,

Diane

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How to Sell Your Southeast Texas Home: Boost Your Homes Curb Appeal

Some of you know me personally and some of you just know me through my real estate blog.   If you didn't know, I have a four year old son.  This concrete stepping stone project has his name written all over it.  

Visit houselogic.com for more articles like this.

Copyright 2016 NATIONAL ASSOCIATION OF REALTORS®

If you need help selling your home, just want to find out the value in today's market, or you just have a real estate question, contact me.  I can help.  

 

 

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How Much to Negotiate Off the Sales Price of your Southeast Texas Home

CB logo yard sign In Southeast Texas, on average, home sellers negotiate about 3-5% off their asking price when accepting an offer.  

What factors affect how much a seller will come down and what makes a good offer?

1.  Length of time on the market is the number one factor in determining how much a seller will come off their asking price.  

If the house has been on the market less than two weeks, don't expect a seller to come off their price much. 

Whereas, if a house has been on the market six months or more without a recent price reduction, then making an offer 10% below asking price might be accepted by the seller.

2. Market analysis is the second factor.

If the house is priced right compared to recent sales then don't expect the seller to have to come off their price by much.

Whereas, if there is no sales data to support the sellers asking price then there will be more negotiating room. 

 

How do you know the length of time a house has been on the market and what comparable homes have sold for?  Work with a professional REALTOR.  List your home for sale with me and I will prepare a professional home valuation and marketing plan to help you get the best price for your home within a time frame that is acceptable to you. 

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Selling a Home in Southeast Texas_What You Need to Know about Staging

Staging:  Why is it important when selling your home? 

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It takes a buyer 15 seconds to form an opinion about your home.

My goal is to not simply sell your home, but to help you realize the best price obtainable for your home in the shortest amount of time.  To help achieve this goal, Coldwell Banker has an exclusive Home Enhancement Guide.  

Let me help you make sure that first impression is a good one.  Contact me for your free Home Enhancement Guide.

 

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