
17 September 2018 | 2 replies
pid=1563Houston Real Estate Highlights in August(* asterisk denotes that the “Harvey effect” has been removed): Single-family home sales rose 7.6 percent year-over-year, with 5,844 units sold*;Days on Market (DOM) for single-family homes declined slightly to 49 days;Total property sales jumped 36.8 percent, with 9,978 units sold;Total dollar volume increased 40.1 percent to $2.86 billion;The single-family home median price rose 3.0 percent to $236,870, reaching an August high;The single-family home average price also achieved an August record, rising 1.9 percent to $300,670;Single-family homes months of inventory was at a 4.1-months supply, down from 4.3 months last August and equal to the national level;Townhome/condominium sales rose 12.3 percent year-over-year, with 457 units sold in 2018 compared to 407 one year earlier*;Leases of single-family homes rose 7.6 percent with the average rent up 3.4 percent to $1,926*;Volume of townhome/condominium leases fell 8.6 percent with the average rent up 5.5 percent to $1,639*.
19 September 2018 | 11 replies
I looked at the article and there are quite a few different options to be able to reference for the comparable pricing.

13 September 2018 | 2 replies
Houston Real Estate Highlights in August(* asterisk denotes that the “Harvey effect” has been removed): Single-family home sales rose 7.6 percent year-over-year, with 5,844 units sold*;Days on Market (DOM) for single-family homes declined slightly to 49 days;Total property sales jumped 36.8 percent, with 9,978 units sold;Total dollar volume increased 40.1 percent to $2.86 billion;The single-family home median price rose 3.0 percent to $236,870, reaching an August high;The single-family home average price also achieved an August record, rising 1.9 percent to $300,670;Single-family homes months of inventory was at a 4.1-months supply, down from 4.3 months last August and equal to the national level;Townhome/condominium sales rose 12.3 percent year-over-year, with 457 units sold in 2018 compared to 407 one year earlier*;Leases of single-family homes rose 7.6 percent with the average rent up 3.4 percent to $1,926*;Volume of townhome/condominium leases fell 8.6 percent with the average rent up 5.5 percent to $1,639*HAR https://www.har.com/content/newsroom?

20 September 2018 | 9 replies
The best you can do is to evaluate it yourself based on the 3 factors and appraiser should use.1) Income approach - project rents and NOI and use a cap rate you feel appropriate to the market.2) Comparables - look for anything similar sold in that area or surrounding areas.3) Replacement - if you're essentially rebuilding it look at the cost of new construction.
9 October 2018 | 8 replies
I would stick to SE, flights are more inexpensive compare to Midwest something you should factor in most likely at first you might be traveling more than you might like..Best of luck!!!

19 September 2018 | 12 replies
Selling prices are the important number, but the Phoenix market also has seasonal cycles, so you need to compare yearly numbers.

19 September 2018 | 6 replies
For that reason, the appraiser should report the basement or other partially below-grade areas separately and make appropriate adjustments for them on the Basement & Finished Rooms Below-Grade line in the Sales Comparison Approach adjustment grid.For consistency in the sales comparison analysis, the appraiser should compare above-grade areas to above-grade areas and below-grade areas to below-grade areas.

24 October 2018 | 10 replies
Welcome to the game Aaron.You're in a great market that is sure on its way up.Since you're on the ground you'll have the upper hand compared to all of the out of state guys.

11 July 2021 | 16 replies
I do all of my own bookings and they are my boots on the ground (I'm in Colorado).

18 September 2018 | 23 replies
Now some of this info was relayed to me (I no longer live near the area) and this is what I know, relayed by the other twin's owner:Developer started to dig down into the ground and realize it's a high water line area.